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Why Being Broke Had It’s Advantages! An Entrepreneur’s Story

By Jatinder Singh, Associate Partner, Lighthouse International

Daymond John is one of the Sharks in American TV Program Shark Tank - America’s equivalent to the UK's Dragon’s Den.

Daymond became a successful entrepreneur through his clothing label FUBU, which he started after seeing wooly hats being sold for $20 in New York. He thought he could do them better and cheaper- so after sewing his own hats - he went out and sold them successfully on the streets! This gave him confidence in his idea and now the label - today known as FB Legacy has sales in the hundreds of millions of dollars.

In this short video - Daymond discusses how not having a lot of start-up capital forced him to be very creative and come up with lots of solutions that didn't require a lot of money! Watch it here..

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