Watching Shark Tank is an obsession of mine. I think it is a great supplement to my MBA.
On the latest edition Daymon John said something profound. The first entrepreneur is asking for $450k and said he would use $300k as his salary for the first three years.
As Mark later said, he was looking for “security.”
Daymon John, who was out very quickly, said that he was in business for NINE YEARS before he took any money.
Can you do something you believe in for NINE YEARS before you take a salary?
What an awesome vision. Yes, it was a gamble, but it paid off beautifully for him, didn’t it?
Watch this edition here.