Daymond John: How Selfishness Makes You More Productive

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“The #1 reason small businesses fail is because of overfunding.” - Daymond John (click to tweet) We all want to be more productive. After our morning coffees, we have great ambitions for the day. And at the end of the day, we are disappointed with not reaching our morning’s goals. The trick to productivity is diagnosing where you go wrong during your day and fixing it. From becoming more selfish to giving yourself praise to working smart vs. working hard, there are many strategies you can integrate into your daily routine. On today’s episode of The Tai Lopez Show, we are joined by Daymond John. He is most well-known for his appearance on the hit show Shark Tank. As a teenager, he started the hip hop-inspired clothing line FUBU, while working his job at Red Lobster for $30,000/year. In this interview, we hear his insights on entrepreneurship, productivity, and what money actually means. He is the author of Rise and Grind. Tune in to hear his insights and take your daily hustle to the next level! Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“Obsession with your business is the same as obsession with your kid. You don’t look it as a daily job; you look at it as the process. You know you’re not going away, just like you know you aren’t giving your child up for adoption.” - Daymond John (click to tweet)

Points to Keep In MindObsession is being focused on the process, not any sort of results2 ways to operate business: either reduce costs and/or increase sales3 ways to deal with customers: buy new one, upsell current one, or make one buy more frequentlyRead The Power of Broke to learn how money is a superficial highOver 60% of Forbes 1000 are self-made men and womenThe #1 reason small businesses fail is because of overfundingThe people who tell you to quit your day job are selling insecurityMoney is a great slave and horrible masterIf you have to take a vacation from your job, you shouldn’t go backBe careful of the email inbox trap where you are focusing on fixing other people’s problems and not your ownRead The Everything Store to learn the story behind AmazonThe top 10 richest men have more money than the bottom 3.5 billion combinedProductive people are selfish, give praise to themselves, and meditate on their goalsAn entrepreneur questions the system and everything around themSometimes being born into wealth is a disadvantage  See omnystudio.com/listener for privacy information.