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The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.

Daymond John

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Daymond John
Age: 55
Born: 1969
Born: February 23
Businessperson
Entrepreneur
Fashion Designer
Motivational Speaker
Television Presenter
Brooklyn
New York
Daymond Garfield John
Better
Fast
Mousetrap
Thing
Areas
Cleaners
Ready
Scares
Things
Week
Tech
Somebody
Invest
Taken
Scare
Moving
Area
Next
Moves

More quotes by Daymond John

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We all want the freedom to make our own decisions.
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As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business.
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Whether people know it or not, I'm a big nature guy. I like snowboarding, I like fishing, and those are my ways to wind down.
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It takes the same energy to think small as it does to think big. So dream big and think bigger.
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Poor people put a low value on themselves and their efforts.
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Everyone has an idea, but it’s taking those first steps toward turning that idea into a reality that are always the toughest.
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If you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.
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Try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets you've learned and you don't make bigger mistakes. Try to go as far as you can without anybody else's help first.
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If you aren't living your dreams then you're living your fears.
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Pioneers get slaughtered, and the settlers prosper.
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An entrepreneur must pitch a potential investor for what the company is worth as well as sell the dream on how much of a profit can be made.
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The thing about branding is it isn't etched in stone. A brand is a mark or an image or a perception we stamp on a product, a concept or an ideal, but it doesn't last forever. Like anything else, it needs to be nurtured and reinforced, or it will start to fade.
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I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.
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While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
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Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.
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I look to work with businesses that know what they are doing but need larger distribution or exposure.
Daymond John
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A savvy entrepreneur will not always look for investment money, first.
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Life is a cruel teacher. She loves to give you the test first and the lesson later.
Daymond John
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Product is always king.
Daymond John
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Truth is the easiest thing to sell.
Daymond John