Podcast

Daymond John: The Power of Broke to Build Your Business

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One of my favorite things about being the host of  The School of Greatness is that I get to learn from the best minds in the world about stuff I am fascinated by.

Yes, it’s as awesome as it sounds.

There are few things I geek out about as much as smart ways to make money and build successful businesses.

So when I got the chance to sit down with Daymond John, of Shark Tank fame, I was stoked.

If you don’t know him already, Daymond is the real deal.

He started his first business when he was 6 years old, selling pencils at his school, and hasn’t let up since.

Overcoming any and all odds most entrepreneurs face, Daymond has built massively successful brands, including his fashion line FUBU.

He recently got appointed to a national entrepreneurial position which took him to the White House, and he is a current entrepreneurial advisor on the hit show Shark Tank.

He also just came out with a new book, The Power of Broke, in which he tells the truth about the importance of earning your way to the top.

That’s right, hustle is the way to the top (my favorite).

Daymond and I talk about all parts of entrepreneurship, the ins and outs of building a successful startup, and the lessons he’s learned in his own journey.

No matter where you’re at in your business, Episode 279 with Daymond John is a must-hear for you.

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The School of Greatness Podcast

279---The-School-of-Greatness---DaymondJohn

“You are going to fail more than you are going to succeed.”

Some questions I ask:

  • What’s the craziest thing that’s happened to you since coming on Shark Tank?
  • What got you interested in the fashion world?
  • Where did your belief that you could succeed in the fashion business come from?
  • What was your biggest challenge in scaling once your brand took off?
  • What’s the first step of understanding building your business from scratch?
  • Who is the most inspiring person who has come on Shark Tank in your opinion?
  • Why do you set 6 month, 5 year, and 20 year goals?
  • What do extremely wealthy people do differently than most people?
  • If you could be mentored by anyone in the world right now (who you aren’t already being mentored by) who would it be?

In This Episode, You Will Learn:

  • Why being broke helps you learn the ins and outs of your business
  • How much money and time it takes to launch a standard clothing line
  • How easy it is to test your concept nowadays before you invest too much in it
  • Why Daymond reads his goals 5 days a week, morning and night
  • Daymond’s rules for finding or being a mentor
  • Plus much more…

Continue Seeking Greatness:

ThePowerOfBrokeBookCover

Website | Instagram | Twitter

  • Check out Trim and their awesome shirts for fit men. Use the code greatness20 to get 20% off your next order:

  • Check out Thrive and their amazing market of healthy food and lifestyle products at amazing prices. Get 1 month free membership and 20% off your order by clicking the link below:

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You may also like these episodes:

Did you enjoy the podcast?

What’s the business idea you’ve been sitting on that you’re inspired to go for after listening to Daymond?

“Money is hard to make and it’s ten times harder to keep.”

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38 comments
ChanelCumberbatch
ChanelCumberbatch

Such a fantastic episode!! Damon is so eloquent and full of down to earth advice!

tiptoplicker
tiptoplicker

I have no interest in becoming an entrepreneur but was enthralled and got so much from this podcast. 


Thanks Lewis

Ted Schneider
Ted Schneider

Excellent video clip. Thanks for sharing this.

Phuong B Nguyen
Phuong B Nguyen

Hai Xuyen Phan another good podcast from Lewis Howes

Brenda Ceo White
Brenda Ceo White

love love love this ...Thank You soooooooo much Daymond John this has help me in so many ways ... and Lewis Howes

Donna Hayre
Donna Hayre

Another great podcast Lewis Howes! :)

SophieBeeRobert
SophieBeeRobert

Really want to learn a lot from you, and I would love to interview you for my book.

camillehaughton
camillehaughton

He's one of my favorite sharks on SharkTank.  He has a great heart. :-)

Candis Wong
Candis Wong

Listening to this podcast was truly inspirational, knowledge, and provided a different outlook in being an entrepreneur.  

Robert Brazzale
Robert Brazzale

The softest things in the universe overcome the hard. Water washes away stone. It takes time.

Coco Cote
Coco Cote

Great podcast! So inspiring, loved it ❤️❤️❤️

Adrian Chavez
Adrian Chavez

Great podcast! "The dullest pencil is better than the sharpest mind". Had to pull out my pencil and write that one down.

Richard Stephens
Richard Stephens

Listening to it right this minute in Sydney, Australia. Awesome stuff!!

Kyle Costa
Kyle Costa

awesome episode, was pumped driving into work listening to it

Ransa Emmanuel
Ransa Emmanuel

Thanks. I'll keep that in mind. But I assure you; I will succeed! 🎤🎤✌✌✌💰💰💰💰💰💰💰💰💰💰💰

Mary Trujillo
Mary Trujillo

I'm hoping that failing and failing I'll eventually succeed. :) I will not give up!!

Kathryn Menzel
Kathryn Menzel

Love your work Lewis Howes \U0001f604 Keep going \U0001f496

Alex Fleming-Tate
Alex Fleming-Tate

I totally agree Brandy Hicks. Never Give Up because it's hard.

Brandy Hicks
Brandy Hicks

This is my life... Pick up and try again...:-)

Noelle Cook
Noelle Cook

Such a helpful reminder! I need to tell myself this all the time and to keep going. Thanks! :)

Gabriela Abudo
Gabriela Abudo

Sometimes the universe sends us signs to reevaluate our priorities and to help us understand our original goals , I think the universe is talking to me because I was feeling like a big failure today but I feel much better after coming across this message :) thank you !!

Anton Hudak
Anton Hudak

Legendary \U0001f60c keep going Steph... love it \U0001f609

Katarina Kacka
Katarina Kacka

... But when you succeed, it is going to be BIG.. :)