Why ‘broke’ builds businesses.
19 Mar, 2018INFLUENCIVE.COM
A few years ago, my sister and Greenovate Construction co-founder Catalina Campos got to have dinner with FUBU Founder and ABC’s Shark Tank star, Daymond John. She asked him one question, “What’s the number one reason entrepreneurs fail?” Without a second thought, he responded, “You have too much money.”
Mr. John knows something most entrepreneurs don’t want to admit: when you can rely on your parent’s/spouse’s/your own dripping salary, you don’t need to grow quickly. Our product is the main focus, right? Nothing is more important than scalability and authenticity.
I’ve been studying millionaire and billionaire minds by living in one of the top 10 most expensive zip codes in the U.S. over the last six months.
Successful entrepreneurs understand why “broke” is good:
Running low on funds is a blessing and a curse. I’m not trying to say that broke is good. But I definitely am saying this:
This article was first published by Juan Felipe Campos on Influencive