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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Great advice from Daymond John on staying focused on your customers. It's easy to get distracted, but maintaining that laser-like attention is key - kind of like on omegle, where you really have to hone in on each conversation. Solid insights for any entrepreneur!