The Power of Broke

Shark Tank's Daymond shared his humble journey from $40 budget to building FUBU into a $6 billion company. He then compiled success story on entrepreneurs who started with $0, in debt or flat broke, such as Tim Ferris, Kevin Plank, Jay Abraham, etc. Being "broke" at the beginning forces many entrepreneurs to be creative and put storytelling to good use. Other key lessons: 🔶(1) Test your concept before you invest all money into a product 🔶(2) Find a voice, carry that voice into a product or business pitch 🔶(3) Take affordable next steps; funding later 🔶(4) Put yourself in the spot to succeed 🔶(5) Purpose, passion & story = your branding 🔶(6) Learn to make sweet deals 🔶(7) Ask for opportunities 🔶(8) Get a mentor