Daymond John Quotes

Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.

I didn't go to business school, didn't care about financial stuff and the stock market.

I started my first business when I was 19. I learned a valuable lesson as a small business owner. You are the first one to work, last one to leave, and last one to be paid.

I didn't realize how hard it was to run a small business.

But we didn't have the financial structure, like the right attorneys, the right managers, the right accountants, and we were going against the grain of what black entertainers is supposed to do.

I think for any small business that's bootstrapped, the overwhelming challenge initially is getting to positive cash flow.

I like the challenge of growing small companies into big global companies.

You can't run a €10 million business the way you run a €1 million business.

Like all small-business owners, I know what it's like to take a risk on an idea, manage cash flow, navigate regulations and tax laws, and create jobs.

I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.

For over forty years, I've been one of the most passionate believers in entrepreneurs. From day one, I've learned that too many small businesses are predicated on business models that the owner barely understands, and then, those same men and women are baffled when their business dreams are overwhelmed with struggles they never foresaw.

Running your own business can be the loneliest job in the world. You are the MD, answer the phone and make tea, handle the invoices and have to make payments on time.

This industry is a business - I'm a business myself, and I want to be able to run my own business.

Honestly, if I could be anything, I'd love to be a small-business authority type of person.

What I learned about America is that anything is possible, but sometimes people get into businesses they shouldn't be in. They go in without capital or know how, but their mothers had told them that they could cook, and they're good with people.

It's tough for entrepreneurs when they're small to get good prices on stuff.

Struggling to start a small business is all-encompassing. It is a 24-hour job that places strain on those involved. As well as worrying about your own mortgage and kids, you worry about those of your staff.

The problem for new businesses isn't corporate taxes. Anyone who has actually started a new business knows you don't make enough money for years to pay any meaningful tax on it.

Having a financially illiterate society is dangerous, and we have to do something about that.

Access to capital is one of the most important first steps entrepreneurs take when starting a business, and it is also one of the biggest difficulties, especially for our veterans.

When I was starting a small printing shop in Wembley, I vividly remember coming out of the cinema, realising I had spent the two hours worrying about that month's payroll, rather than focusing on the film.

I've run several of my own small businesses in my life.

I think a lot of entrepreneurs think they need money to build the business faster when they actually haven't figured out the business equation yet.

I always had a deep respect for people who started businesses, but now I cherish them. There's a lot of anxiety and blood, sweat, and tears that goes into this, and I love it.

Start step by step. I didn't start being a big company in the beginning. You go to the bank for loans when nobody knows about you.