'Shark Tank' Shark Daymond John, CEO of Fobu & The Shark Group, explains growing personally in your business.
First of all you have to be realistic that you are going to get knocked down. You have to know that every industry that you get into, someone has been mastering it for a long time and many people have failed at it.
Going on Shark Tank, Daymond thought he was going to be able to make a lot of money by approaching things the same way. After 8 years, he started making money because he surrounded himself with experts that understood that industry.
He points out that it's crucial to know when to be the teacher and when to be the student.
You can start to grow when you realize that you do not know everything. Daymond learns from his 4 fellow sharks (or bozos according to him), as well as from the new, young entrepreneurs + contestants who are doing business in a whole new way.