SHARK TANK INVESTOR On The Key To Building A Thriving Business | Daymond John EP 433

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 960 Ratings

🗓️ 14 November 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shark Tank investor Daymond John shares valuable insights on the key factors essential for building a successful business. He emphasizes the significance of strategic planning, resilience, and a deep understanding of how your attitude can affect your business. Daymond also discusses the importance of adaptability and learning from failures as crucial elements in entrepreneurial success. His practical advice and personal experiences provide a roadmap for aspiring business owners looking to navigate the challenges and opportunities of entrepreneurship more effectively.

Transcript

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0:00.0	Hi my name is Lewis Howes and welcome to the Daily Motivation Show. I think the biggest lesson I'm learning about myself over the last 10 seasons is that I don't know enough.
0:21.5	No matter what business I invest in, it has to go back to the
0:24.5	fundamentals though. I love the person, I love the business, and I want to learn
0:30.7	more about it and it's like Christmas every day when I wake up to learn the business if it's just a money play
0:37.0	It's of no value to me because I can go and put my money in the in the market or bonds or something like that.
0:43.4	C crypto or whatever.
0:44.4	I put my money in Tesla, you know,
0:46.7	Elon is not calling me asking me how to build a car, right?
0:49.5	So I have to love the person, the business,
0:52.4	and I have to be, I have to wake up every day like Christmas
0:54.8	to want to learn more about it.
0:56.0	Hmm.
0:57.0	What do you think's been the greatest negotiation you've ever done, whether it be on Shark Tank or in life.
1:04.0	The greatest negotiation I've ever done really if you look at it from a business perspective
1:09.0	is when I negotiated out of ignorance with Samsung,
1:12.0	Textile Division when I first got my
1:15.1	food deal. I had I was a young kid, I was very scrappy, I was hungry. I was a
1:21.0	little ignorant in business. I was really
1:23.4	ignorant of my house and I was running my own factory and I had
1:30.2	met with Samsung Textile Division for a manufacturing distribution probably about
1:35.2	six months prior to mortgaging my house.
1:38.4	And I remember calling the President of Samsung all the time of Textile Division and I said, Hey, what's up? I want to do what's up I want to do the deal I
	...

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