Tips and Hacks from Super-Successful founders

FS 020: FUBU: How Shark Tank’s Daymond John went from a Restaurant waiter to multi-millionaire founder

Daymond John was an ordinary guy working as a waiter in a restaurant and in his spare time started FUBU(For us by Us) a sports apparel company with just $40 and turned it into $350+ million in revenue.

Let us check out how he did it.

What you will learn from this episode:

  • How he overcame his bad childhood
  • What he learnt from his mother.
  • How he noticed an upcoming music trend happening in his poor community.
  • How he got rejected by “white” companies.
  • How his own problem of not being able to afford an item he liked sparked the idea for his business.
  • How he validated if people would like his clothing.
  • Should he still work as a waiter or run his business full-time
  • What he did to keep expenses very low
  • A remarkable low-cost marketing strategy, since he did not have money for marketing
  • How he got money to start his business, when he didn’t have enough money.
  • What his business really represents and what kept him moving forward.

Resources mentioned in this episode:

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