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Step 1 Watch and take notes during this video

Management

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Step 1 Watch and take notes during this video.

Watch this video:

Daymond John Thinks You Should Stop Waiting For Your Lucky Break (Links to an external site.)

Do you ever feel like if you had a bit more money (or connections, advantages, etc.) — you could really get your business going (Links to an external site.), grow your brand or finally make that impossible dream come to life (Links to an external site.)?

It’s common to think this way, but it’s not necessarily true.

Countless start-ups burn through piles of cash starting a business that never fully gets off the ground. Big-budget, mainstream brands often stumble — no matter how many people they employ or know.

Now consider this.

What if having little to no resources could actually be your greatest competitive advantage as an entrepreneur? 

Just let that sink in for a minute.

It helps to be so hungry that you have no other choice but to succeed.  (Links to an external site.) (Links to an external site.)

Because, as you’re about to learn, imagination and a ferocious drive to succeed can help you tap into a power far greater than cash or connections. It’s a power that’s within you right now. The best part — as long as you know how to use it, you’ll never run out.

Interviewed in this video is Daymond John, a star on ABC’s Shark Tank and founder of FUBU, a $6 billion dollar brand he built from scratch from a mere $40 budget. Watch and discover:

• Why desperation often leads to extraordinary innovation and extreme creativity
• How Daymond struggled in school not knowing he had dyslexia, and still found a way to thrive
• The truth about the long game: why even when FUBU started to look like a success, Daymond was still working a day job (Links to an external site.) at Red Lobster
• The 27 times Daymond got rejected from banks and how Mom’s advice saved the day
• How losing $750K during year one of Shark Tank taught him the expensive lesson that money does NOT solve business problems
• Why mentors are great (Links to an external site.) — but, when it comes to success, cheerleaders can be even better

Daymond is a phenomenal entrepreneur, funny and real about what it takes to make your dreams come to life. Check out his book, The Power of Broke (Links to an external site.), for more on how limitations like a tight budget can be your greatest asset when starting a business.

Step 2 Post the following.

Respond to the following, and if appropriate, include personal experience as part of your answers.  Cite your resources and put quotation marks around direct quotes to support your opinions.  You may also refer back to the previous course assignments to support your opinions.

• What aha or lesson from this conversation is most relevant to you now — and why - be specific.

• Provide a multiple sentence summary that includes your opinion of this video.