#182 Daymond John on The Skills You Need to Build A Multi-Million Dollar Business| Impact Theory

On this episode of Impact Theory with Tom Bilyeu, Daymond John shares the practical advice and no-nonsense wisdom that has made him incredibly successful. He discusses the three critical steps to negotiation, advises entrepreneurs to take what he calls “affordable steps”, and strongly advocates constantly seeking out new mentors. This episode is brought to you by: ShipStation: FREE for 60 days when you use offer code IMPACT at ShipStation.com SHOW NOTES:  Daymond explains that no one is going to save you or even get you off the couch [1:23] Daymond suggests that you write your own obituary and really take inventory [3:12] Daymond shares the difficulties he has overcome in his own life [5:59] Daymond’s mother always disciplined him and pushed him to own his own destiny [8:31] Daymond knew what he didn’t want out of life, so he challenged himself [14:36] Daymond strongly advocates constantly finding new mentors [18:11] Daymond suggests knowing who you truly are before getting married [22:04] Daymond describes the methods his mother used to educate herself [22:56] Daymond suggests young people become financially literate and learning coding [25:03] Daymond strongly advocates that people take what he calls “affordable steps” [26:55] Entrepreneurship was hard for Daymond because he didn’t see black people in that role [30:43] Daymond describes the traits he seeks in employees [35:35] Daymond breaks down how negotiation works [37:32] Daymond explains what you should do if you want to work with someone like him [40:25]  The key to negotiation is to figure out what’s in it for the other person [42:58] The final part of negotiation is nurturing the relationship [45:10] You need to have empathy for everyone you are negotiating with [47:11] Q FOLLOW:  WEBSITE: daymondjohn.com/  INSTAGRAM: instagram.com/thesharkdaymond/ FACEBOOK: facebook.com/TheSharkDaymond/ TWITTER: twitter.com/TheSharkDaymond Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices