You Have An Opportunity To Build Your Dream & Change Your Life | Daymond John EP 798

13 Nov 2024 · 6 min

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

Podcast Notes: The Daily Motivation - Episode 798

Episode Overview Title: You Have An Opportunity To Build Your Dream & Change Your Life Guest: Daymond John, Investor and Best-selling Author Host: Lewis Howes

Key Themes

  • Importance of narrative: The stories we tell ourselves shape our identities and future.
  • Entrepreneurship: The evolving landscape of starting a business in the digital age.
  • Goal setting: The value of setting detailed and time-bound goals for personal and professional growth.

Summary of Discussions

  1. The Power of Proof of Concept
  2. Accessibility of Entrepreneurship:
  3. The advent of social media and technology has reduced barriers to entry for entrepreneurs.
  4. Examples include easily testing concepts through video content (e.g., cooking tutorials, product showcases).
  • Market Testing:
  • Entrepreneurs can now gauge interest in their concepts before full-scale launches.
  • Real-time feedback helps refine products and strategies.
  1. Learning from Experiences
  2. Insights from 'Shark Tank':
  3. Daymond John shares personal insights from his experiences on the show.
  4. Young entrepreneurs, like Mo Bridges, showcase innovative business approaches.
  5. Emphasis on mentorship and the cyclical benefit of learning from others.
  1. Personal Goals and Accountability
  2. Goal Setting Framework:
  3. John maintains nine detailed personal goals with varying expiration dates (6 months, 5 years, 20 years).
  4. The process involves constant evaluation and resetting of goals, allowing for adaptability.
  • Anxiety and Achievement:
  • Acknowledges the pressure of achieving set goals within the given timeframe.
  • Discusses the importance of incremental progress (70% of goals rather than full achievement).
  1. Commitment to Health and Wellness
  2. Goal Achievement Strategies:
  3. Outlines a structured approach to lifestyle changes (e.g., diet, exercise) tied to personal health goals.
  4. The significance of consistency in habits over time to achieve lasting change.
  1. Legacy and Long-Term Vision
  2. Future Planning:
  3. Discusses the importance of long-term goals, particularly those relating to family and legacy.
  4. Reflects on the impact of personal decisions on future generations.

Key Takeaways

  • You are the author of your story: The narratives you craft shape your identity and determine your ability to enact change.
  • Embrace technology: Use social media and online platforms to validate business ideas and concepts.
  • Set clear, measurable goals: Regularly assess and adjust your goals to stay accountable and motivated.
  • Learn from others: Mentorship and collaboration are crucial in the entrepreneurial journey.
  • Prioritize your health: Develop structured plans for wellness that support long-term goals and enhance quality of life.

Conclusion Daymond John emphasizes that everyone has the opportunity to build their dreams through modern resources available to entrepreneurs. By committing to personal growth, setting clear goals, and being open to learning, individuals can change their lives and achieve their aspirations.

For more insights, listeners are encouraged to check out the full episode at [The Daily Motivation](http://www.lewishowes.com/598).

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:12There's no one way to get to the level that you consider successful, but with this day and age of social media and technology, where there is no barrier to entry anymore of meeting and getting out to people. So now in any business, no matter what, you need to have a proof of concept. Meaning, hey, I may think that my cupcakes are tasty, But let me see how many people buy them. Now, if you can't even make a cupcake, I'm sure you can film a 30-second video on your phone of you making it or telling people about it. And you can get proof of concept if you have 10 ,000 people views your video. Right.

0:50Whatever. Likes. Whatever the case is. Right. And then you take that and then improve on it and improve on it and start the process. Right. Before, it wasn't that easy necessarily. Right. You know, before when I made a shirt, I had to go and either sell it on the corner, sell it to somebody, and then I had to find the person the next day to sell it to them again. Or if I sold it to the store, who would they sell it to? Who would walk by and pick it up? Unless I'm going to sit in the store all day. Let's see. Was it a woman? Was it a man? Was it a kid? Did they buy it for themselves? Was it a gift?

1:17Did they buy it to wash their car with? I have no idea. Did they haggle over the price? Now, you know. You're on the computer. You go, boop. Oh, somebody bought it. Oh, yeah. It's an 18-year-old kid. Lives in California. and you love to skateboard, has a pit bull, and has a bad case of dandruff. This is where we are today. So you can test your concepts very, very easily, and you can then be more equipped to go out to the world, and you'll find funding. There's so many ways of getting funding now. The person who learns the most from Shark Tank, whether the viewers or anybody else, is me. I learned from my joke about the other sharks, but all joking aside, I learned from them, and I learned from these young men and women who are coming up here, and they're doing business an entire new way.

1:57Little Mo Bridges. You know, he came on the show, young man, very laser focused on making bow ties, him and his mother. They remind me of my relationship with my mother. And he was going to do a deal and takes Kevin O 'Leary's offer, which is not wrong because he came on the show to ask for capital and resources. And Kevin O 'Leary stepped up to the plate. But I told him that if he would have taken that$30 ,000, you know, if I would have taken that back then with the FUBU days, it would have been worth a couple hundred million dollars. Right. Because of, you know, the percentage. So he decided to decline the deal.

2:31I became his mentor. And honestly, I barely helped the kid. He helps me more than I help him because I turn on TV. He's the fashion correspondent on the NBA draft. Right. Doing about three hundred thousand dollars in business. I go and I take him on to CNBC one day because I say, hey, I want to introduce you to Mo. And I want to take Mo out to Fashion Week in New York. Neiman Marcus, the CEO of Neiman Marcus, one of the highest retail outlets in the world. calls the show, and I've never been in Neiman Marcus, and I pick up the phone. Yeah, how can I help you? You know, you want my Coogee brand and all that.

3:04She's like, let me speak to Mo. All my life, I've never talked to this person. She wanted to speak to Mo. I have nine goals that range from business to health to family. Six of them expire every six months. Really? Yeah, and two of them expire in five years, and one expires in 20. They're very, very detailed in what they are. And the reason is I just want to read. I want them to be the last thing I think about when I go to bed. I reset them every six months. But I notice that as the date comes up, I start to have this anxiety. If you haven't achieved it yet. Yeah, if you haven't achieved it. And most of them you're not going to achieve if you really set aggressive ones.

3:48But you're going to get their 50, 60, 70 percent. bang, then reset it for a longer period of time with another, a higher goal to reach. I read this book the first time when I was 16. The third time I read the book, I was 19. I read the book every year, Think and Grow Rich. The ritual is pretty simple. It's if I say, hey, I need to, I need to lose X amount of pounds, you know, by this date I'm going to, and then what's the process? Well, I'm going to drink six bottles of water. I'm going to drink one green drink a day. I'm going to do cardio in the morning. And if I can slip in some weight training at night.

4:22I'm not going to eat out to 7 p.m. I'm not going to eat fried foods and or meat. And in return for that, I will be healthier and I will be able to live a longer, prosperous life and be in my daughter's lives longer and to make sure that I'm there for them. So, you know, what is the goal? How are you going to get to that point? When does it expire? You know, and what is the reward for the goal? Sure. I think six months is a reasonable time to accomplish something and or say to yourself, what's wrong with you? You've been talking this crap for six months, right? I think that also in six months, you can see the change because if I sit there every morning and I sit there and say, I'm going to have a green drink or a banana for breakfast, then that's one less time that I'm going to have that everything bagel with sour cream and salmon and all that stuff.

5:10And by, you know, by the time the six months ago, I probably done that 40 times, 90 times. and you start to see the difference in what it is. So the five-year one, I want to be somewhere in, you know, what are we going to do in five years? I don't know. And then 20-year one is always going to be about that kind of, as you look over, as I look over my family and my health. Your legacy. Your legacy to some extent. And hopefully then I have to reset the 21.

5:42I am so excited for you to finish the rest of your day strong. If you enjoyed this episode, make sure to click the link in the description and it will take you to the full episode of my other show, The School of Greatness. Make sure to come back tomorrow for another episode of The Daily Motivation Show.

6:07Thank you.

From the publisher

Daymond John, Investor and Best-selling Author reveals how to think about becoming an entrepreneur and building your dream.

 

Check out the full episode: http://www.lewishowes.com/598


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

More from The Daily Motivation

All 1,249 episodes
You Have An Opportunity To Build Your Dream & Change Your LifeThe Daily Motivation · 6 min
Listen in VO