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We Study Billionaires - The Investor’s Podcast Network

TIP198: Daymond John & The Power of Broke (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 8 July 2018

⏱️ 46 minutes

🧾️ Download transcript

Summary

On today’s show we talk about the very popular entrepreneur, Daymond John. John rose to business stardom after creating the global clothing line FUBU. Later he became a celebrity figure on ABC’s Shark Tank. After looking through various book recommendations from our audience, we kept getting a similar recommendation: The Power of Broke by John. The book provides some great insights into Daymond’s life before FUBU and how he created the business, but the part of the book we liked the best was his guidance and recommendations for people that are starting their own business. 

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In this episode, you'll learn:

  • How Daymond John created FUBU
  • Which advantages you gain from being broke
  • Why Proof of Concept goes before anything else in Entrepreneurship
  • Why successful business people have or has had a mentor

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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.7

On today's show, we read a book written by a very popular entrepreneur, Damon John.

0:08.2

John rose to business start on after creating the global clothing line Fubu.

0:12.7

Later, he became a celebrity figure on ABC's Shark Tank.

0:16.8

After looking through various book recommendations from our audience, we kept getting a similar

0:20.5

recommendation with John's book, The Power of Broke.

0:23.8

The book provides some great insights into Damon's life before Fubu and how he created

0:28.4

the business.

0:29.5

But the part of the book that we liked the best was his guidance and recommendations

0:32.9

for people that are starting their own business.

0:35.4

So without further delay, here are our thoughts on Damon John's exceptional book The Power

0:40.1

of Broke.

0:41.5

You are listening to THE Investors Podcast where we study the financial markets and read

0:49.7

the books that influence self-made billionaires the most.

0:52.9

We keep you informed and prepared for the unexpected.

0:59.9

All right.

1:05.6

So welcome to the Investors Podcast.

1:08.2

Like we said in the introduction, we're going to be covering Damon John's book The Power

1:11.6

of Broke.

1:12.9

I personally really, really like this book.

1:16.5

I'm not saying I didn't have high expectations for it, but a lot of the times when you get

1:20.2

a guy like Damon who's a very big public figure at this point, he's on TV all the time,

...

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