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A business meeting

Daymond John to Detroit entrepreneurs: 'Be overly obsessed with your customer'

Daymond John, the founder of clothing line FUBU and co-star of ABC’s "Shark Tank," shared some insight he’s learned along the way during BuyDetroit’s Passport to Procurement Conference.

“The biggest reasons small businesses generally fail, besides their lack of education, is overfunding,” John told an audience of entrepreneurs during a fireside chat with Detroit Pistons in-game arena host Kevin Irwin. “They actually take out too much too early.”

Read more at The Detroit News.

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