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I don't want to leave my kids an inheritance, I want to leave them a legacy

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
Inheritance
Legacy
Leave
Kids

More quotes by Daymond John

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Pioneers get slaughtered, and the settlers prosper.
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Life is a cruel teacher. She loves to give you the test first and the lesson later.
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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.
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You don’t get rich off your day job, you get rich off your homework.
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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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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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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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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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It takes the same energy to think small as it does to think big. So dream big and think bigger.
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We all want the freedom to make our own decisions.
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I look to work with businesses that know what they are doing but need larger distribution or exposure.
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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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Truth is the easiest thing to sell.
Daymond John
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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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Poor people put a low value on themselves and their efforts.
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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 the single biggest turn off is people who think that they need money and they need all these people around them so if they get the money they can just buy all the things they need to help the company... [without] hav[ing] to put in the work themselves.
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As an entrepreneur, you never stop learning.
Daymond John
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A savvy entrepreneur will not always look for investment money, first.
Daymond John
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Product is always king.
Daymond John