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Homework answers / question archive / Step 1 Watch and take notes during this video
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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:
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.
Comment on the thoughts expressed by at least two other students. If differences of opinion occur, debate and support your viewpoint professionally, citing references and resources appropriately. |
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NOTE: If you are typing a long post - particularly your initial post to the discussion, it is a good idea to type it in Word first. You can then save it there. Often students type something long directly into the discussion & it somehow gets deleted or lost. So, it is a good idea to save long discussion board posts and then copy them into the reply window.
The point in the conversation between Marie and Daymond that stuck out for me was when Daymond said “Go into a field where you would do it for free, you are fascinated and have a passion about it, and then look for like-minded people.” Marie has spoke about entrepreneurs often not knowing what specific business they want to start, but they know they want to start a business. When I hear that I think, how can someone just choose a random product or service they aren’t passionate about; just because it might make them money. Personally, I could not invest my money or time into something I’m not going to love or enjoy. This is so important and something you realize more and more the further you experience life.
I enjoyed this video to the fullest. I love shark tank and Daymond is one of my favorite investors. It was a pleasant surprise to learn his background and hear his advice, which he had plenty of. I will take to heart the advice he provided and focus in on what my next steps would be. I also appreciated how he explained, “Networking is one of the most powerful ways to extend your brand.” It is vital to get out there with confidence and show others the passion you have towards your brand and your drive for success. Your network of people can be critical for your success.
