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Daymond John in Disguise at New York Fashion Week

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Along the see more, John also lost a lot. He was rejected a lot. He spent a lot of time at the bottom of the barrel looking up, hoping to find a way out, wondering what should be his next step. To succeed, John channeled what he now calls "the power of broke. John has distilled the key takeaways from his journey down to five primary lessons, the first letters of which spell out the acronym "SHARK," and he shared them at Forefrontthe first large-scale live event of the I Will Teach You to Be Rich community in New York City.

Here are the five secret ingredients for success, according to the People's Shark. John's father left when John was ten years old. John watched his mother work multiple jobs to make ends meet and decided he too should make money and contribute to the household expenses.

He got odd jobs handing out fliers and working at a local mall in Queens, where he grew up. As a teenager, John tried throwing a massive party on a boat.

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He leveraged every credit card and called in every I. The event was a flop: He ended up losing everything. And it was the first time John felt passionate about anything.

I just didn't know how to be part of hip-hop.

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But John was intrigued by the way hip-hop impresario Russell Simmons, one of the only models of entrepreneurship John was exposed to in his community, made money selling music. One night, as John was listening to a hip-hop concert from the wings, he looked out over the audience and realized that everyone in the audience was dressed in a kind of unofficial uniform.

I didn't know what I wanted to do in life but it was that given moment, that given second that my life changed from black and white into technicolor," says John. I was going to live, die, and prosper in the world of hip-hop.

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That moment of realization lead John to his first Shark Point: You have to set a goal. If you don't know where you are going, you will never get there.

When John realized what his goal was, he became focused on achieving it. He called his mom Who Is Daymond John Hookup Tayo Tj Music Video said, "'I want to make a uniform for this culture. They are rapping, they are singing, but who is going to dress them all?

I am going to dress them all! John's first foray into apparel was making and selling hats. Elated from making his first cash profit, John crashed his car because he was counting his winnings on the way back home.

His first taste of success was gone as fast as it arrived. But he didn't forget the feeling. The letters stand for, "For Us, By Us," but he also chose that acronym because, when each letter is pronounced, it sounds like an individualistic rallying cry: He took ten shirts to various hip-hop music video shoots.

He sat outside the house of LL Cool J, a rapper who lived in the same neighborhood that John grew up in, and eventually convinced the reticent performer to take a photo wearing a FUBU shirt. John took that photo and his ten prototypes to a conference for menswear products in Las Vegas where, he had read, the fashion community gathers twice a year to see new gear and place orders. Broke, living on the tips he had accrued as a waiter at Red Lobster, John flew standby and snuck into the trade show without paying the admission fee.

Success made him giddy. I am moving to Tahiti! Somewhere on the plane ride back from Vegas, though, John sobered up: He was rejected no fewer than 27 times. Still, John couldn't finish enough T-shirts to fulfill his order requests.

In a last-ditch effort to get funding, John's mom took out an ad in the local newspaper and the textile division of the technology behemoth Samsung called John. I was about to lose the house. Thanks to his obsessive research into demand, he was confident he could do much better. When he hadn't researched the costs to get a clothing production line up and running, he nearly killed his business and lost his mother's house.

But once he had run his financial estimates of what demand would be, John knew he could take the Samsung financing deal without blinking. John's ascent was only possible because of his deep passion for his work. John says that every single successful person has that one trait Who Is Daymond John Hookup Tayo Tj Music Video common: They love what click here do. And that's how television producer Mark Burnett learned about John.

Burnett, who launched both "Survivor" and "The Apprentice," was impressed by John's poise and presence and invited John to be a participant on what would become the hit ABC show, "Shark Tank. In his time at "Shark Tank," John learned that investors don't invest in companies, they invest in people.

And, in the digital age, John says that having a strong personal brand is more important now than ever. You should always have ready a two-to-five word description of who you are and what you are doing with your life.

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The thought process should always be, "Are you populating what your two-to-five words are? Also, your two-to-five words aren't reserved for when you are standing in front of a team of venture capitalists.

You should be consistently on brand whether you are soliciting funding, posting on Facebook, or meeting new people.

You are always pitching," says John. If you think that anything can hold you back, well, I am dyslexic," he says, listing various obstacles, both real and perceived, to his success: I got left back in school. I didn't go to college. I don't know anybody with a famous last name.

I am not a relic of anybody with a famous last name. I could call Elton John and tell him I am his son, but he probably wouldn't believe me. The reason John was successful in launching FUBU is because he continually found solutions in moments where it would have been more reasonable to give up.

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And now, with plenty of money and fame, the People's Shark says he still finds new motivations. His most recent one is his new baby girl. By Greg Doherty Getty Images.

You have to set a goal. You have to love what you do. Democracy consists of four basic elements: In a last-ditch effort to get funding, John's mom took out an ad in the local newspaper and the textile division of the technology behemoth Samsung called John. New regulations will require dating websites to keep IP address records, and require users to upload documents proving their.

He couldn't dance either. John realized he had discovered his way in. He would dress the hip-hop community. You have to do your homework.

Daymond John Talks Hitting Rock Bottom, Shark Tank, Fubu & More

How I Made It: You are always pitching. You have to love what you do. Remember, you are the brand. Summarize yourself in two-to-five words. Catherine Clifford Senior Writer. Watch full episodes TV schedule.

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