Shark Tank viewers already know Daymond John as a keen investor and owner of fashion line FUBU. He recently hosted a webinar for executives and key decision-makers at growing and complex companies. Looking for advice on scaling your own business? Learn from a serial entrepreneur like John, who grew FUBU to a valuation over $1B, in addition to scaling several other companies.
In the webinar, John shares five game-changing strategies he learned from his mentors when scaling his own business. If you missed it, be sure to watch the replay and read on for advice from a true pro.
Business is a team sport
John stressed the importance of collaborators, proximity, and strategic partners when growing a business. This is his way of leveraging the fact that, as he says, “Business is purely a team sport.”
Building a strong team
John emphasized the benefits of having a diverse team whose combined skills will help improve performance. He also provided tips on how to cultivate a team that will enable your company to thrive.
Investing wisely beyond finances
John challenged the traditional focus on the need for major financial investments to grow your business. He posits that investing in learning and mentorship. Informed decisions guided by experienced mentors can sometimes be more beneficial than major capital infusions.
