Daymond John Shares His Tips For Successful Entrepreneurship [Video]

Everyone and their mother has a business idea. But not everyone knows how to turn the random thoughts in their head into a successful (and profitable) operation. According to 2024 data from the U.S. Bureau of Labor Statistics, just over 20 percent of new businesses fail in the first year and 49 percent fail in the first five years.

One person who knows a thing or two about getting a business off the ground is entrepreneur and FUBU co-creator Daymond John, who turned a $40 budget into a multi-billion dollar clothing brand. He’s been sharing the love with other aspiring entrepreneurs on the hit reality business competition series Shark Tankfor 15 …