The Businessman With Reading And Writing Disorder Turned $40 Into $8 Billion
Nobody would expect that a man with a modest fashion line of hand-knitted hats priced only $40 has brought it up to create the famous apparel brand FUBU, netting $8 billion in 2021.
He became more well-known as a "shark" - an investor on the American show Shark Tank.
In the past, to start from scratch, this "shark" has fallen off the cliff, having been rejected several times, even suffered from stage 2 thyroid cancer.
Experiencing multiple failures, John finally "harvested" the fruits of success in his life and career. Daymond John's success simply comes from rising up after falling and giving his best effort.
Daymond John was positively influenced by his mother, whose efforts were an inspiration throughout his later adulthood.
John spoke of his mother with pride. "Her good example became a role model for me: getting up early, working hard, doing what has to be done, no whining and repeating those the next day." - revealed by John in the book "Rise and Grind".
John's mother not only taught him how to think big, but also how to do big to reap great results.
When Daymond John didn't want to do this or that because he thought it was a waste of time, his mother would scold him and tell him that time passes anyway so he had better use it to his advantage.
That was a saying that kept reminding Daymond of the profound lesson for his later career: Time will never be perfect, so make perfect use of your own time.
Daymond John’s efforts are not only influenced by his mother, it also come from within himself.
The millionaire has dyslexia, which took him 4-5 hours to do his homework, compared to the 1-2 hour figure of his peers.
Perhaps this syndrome wasn’t such a bad thing, because thanks to it, John tried and was twice as persistent as his friends, which was another way for him to discover his will.
In order to help his mother cover expenses, John had to hand out flyers, sell mirrors, sell pencils to friends at school, sweep leaves in the fall and remove snow in the winter.
However, John’s official entrepreneurship in fact started in 1989.
With an initial capital of only $40 and his mother's sewing machine, he made his first product – hipster beanies named FUBU.
To finance his start-up, Daymond John worked at Red Lobster at 4 p.m., finishing his shift at midnight, then continuing to sew hats until 3a.m., waking up at 6 a.m., checking his voicemail and then delivering the hat to customers.
He repeated those activities for five years.
Marching forward, Daymond John began vigorously searching for customers.
He touted by bringing shirts to hip hop music video shoots of famous singers and inviting them to try on them and take pictures.
John then took those pictures alongside FUBU samples to a menswear show in Las Vegas, where he received orders totaling hundreds of thousands of dollars.
However, there is no road to success without setbacks. To have capital, Daymond John qualified for a bank loan but was rejected.
His mother had to mortgage the family house in Queens so that he could build a temporary factory.
One of the lessons for success that John mentioned for the next generations is to make sure you rise up and make effort.
Everyone has to go through dark days, because then they will know what they are doing and what they need to do to achieve success.
“What I've learned from all of this is to find my own way to make an effort. I don't have any magic formula to beg, borrow, and turn it into my own. I only have an example of my mother's principle of hard work to try to rise and achieve. The choice is in my hands,” shared John.
Coming to the show, John did not only show his poise, but also proved himself a great investor, where his knowledge and experience were widely supported. CNBC even rated him as one of US’s most successful entrepreneurs with a humble beginning.
There are many factors in determining one’s success, from efforts, perseverance to luck. However, in the book Rise and Grind, Daymond John once explained how GRIND stands for as follows
Get on it: Words alone won’t get you where you want to. Actions speak louder than words.
Repeat: This is the essence of making efforts. Acting systematically will grant incremental results.
Insist: Be resolute and determined to give your best.
Navigate: Push yourself forward and never let obstacles discourage you.
Desire, Drive, Determination: Turn the negativity from your opponent to your favor.
In his life, Daymond John suffered losses, got rejected and had no way out for several times.
Daymond John's journey of rise and grind to become a US shark was full of obstacles that he seemed to never be able to overcome.
However, John is one of those people who has strong beliefs and knows how to harness his efforts to overcome difficulties, finding the right direction.
Daymond John was born on February 23, 1969 in Brooklyn, New York state, United States. He is the founder of hip hop fashion brand FUBU and is known as the "Godfather" of urban fashion in the US. At the same time, Daymond John is also an investor on the American program Shark Tank, a passionate and persuasive speaker.
H/T: cnn.com
Source: CNBC
He became more well-known as a "shark" - an investor on the American show Shark Tank.
In the past, to start from scratch, this "shark" has fallen off the cliff, having been rejected several times, even suffered from stage 2 thyroid cancer.
Experiencing multiple failures, John finally "harvested" the fruits of success in his life and career. Daymond John's success simply comes from rising up after falling and giving his best effort.
Inspiration from mother
Source: Rachael Ray Show
Daymond John was positively influenced by his mother, whose efforts were an inspiration throughout his later adulthood.
John spoke of his mother with pride. "Her good example became a role model for me: getting up early, working hard, doing what has to be done, no whining and repeating those the next day." - revealed by John in the book "Rise and Grind".
John's mother not only taught him how to think big, but also how to do big to reap great results.
When Daymond John didn't want to do this or that because he thought it was a waste of time, his mother would scold him and tell him that time passes anyway so he had better use it to his advantage.
That was a saying that kept reminding Daymond of the profound lesson for his later career: Time will never be perfect, so make perfect use of your own time.
Daymond John’s efforts are not only influenced by his mother, it also come from within himself.
The millionaire has dyslexia, which took him 4-5 hours to do his homework, compared to the 1-2 hour figure of his peers.
Perhaps this syndrome wasn’t such a bad thing, because thanks to it, John tried and was twice as persistent as his friends, which was another way for him to discover his will.
The journey from $40 to $6 billion brand
Source: CNN Money
In order to help his mother cover expenses, John had to hand out flyers, sell mirrors, sell pencils to friends at school, sweep leaves in the fall and remove snow in the winter.
However, John’s official entrepreneurship in fact started in 1989.
With an initial capital of only $40 and his mother's sewing machine, he made his first product – hipster beanies named FUBU.
To finance his start-up, Daymond John worked at Red Lobster at 4 p.m., finishing his shift at midnight, then continuing to sew hats until 3a.m., waking up at 6 a.m., checking his voicemail and then delivering the hat to customers.
He repeated those activities for five years.
Marching forward, Daymond John began vigorously searching for customers.
He touted by bringing shirts to hip hop music video shoots of famous singers and inviting them to try on them and take pictures.
John then took those pictures alongside FUBU samples to a menswear show in Las Vegas, where he received orders totaling hundreds of thousands of dollars.
However, there is no road to success without setbacks. To have capital, Daymond John qualified for a bank loan but was rejected.
His mother had to mortgage the family house in Queens so that he could build a temporary factory.
One of the lessons for success that John mentioned for the next generations is to make sure you rise up and make effort.
Everyone has to go through dark days, because then they will know what they are doing and what they need to do to achieve success.
“What I've learned from all of this is to find my own way to make an effort. I don't have any magic formula to beg, borrow, and turn it into my own. I only have an example of my mother's principle of hard work to try to rise and achieve. The choice is in my hands,” shared John.
Not only a concept, making effort is also a lifestyle
Source: Rakuten Kobo
Coming to the show, John did not only show his poise, but also proved himself a great investor, where his knowledge and experience were widely supported. CNBC even rated him as one of US’s most successful entrepreneurs with a humble beginning.
There are many factors in determining one’s success, from efforts, perseverance to luck. However, in the book Rise and Grind, Daymond John once explained how GRIND stands for as follows
Get on it: Words alone won’t get you where you want to. Actions speak louder than words.
Repeat: This is the essence of making efforts. Acting systematically will grant incremental results.
Insist: Be resolute and determined to give your best.
Navigate: Push yourself forward and never let obstacles discourage you.
Desire, Drive, Determination: Turn the negativity from your opponent to your favor.
In his life, Daymond John suffered losses, got rejected and had no way out for several times.
Daymond John's journey of rise and grind to become a US shark was full of obstacles that he seemed to never be able to overcome.
However, John is one of those people who has strong beliefs and knows how to harness his efforts to overcome difficulties, finding the right direction.
Daymond John was born on February 23, 1969 in Brooklyn, New York state, United States. He is the founder of hip hop fashion brand FUBU and is known as the "Godfather" of urban fashion in the US. At the same time, Daymond John is also an investor on the American program Shark Tank, a passionate and persuasive speaker.
H/T: cnn.com
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