Fan Favorite: This episode originally aired on August 4, 2020. On this episode of Impact Theory with Tom Bilyeu, Daymond John shares the practical advice and no-nonsense wisdom that has made him incredibly successful. He discusses the three critical steps to negotiation, advises entrepreneurs to take what he calls “affordable steps”, and strongly advocates constantly seeking out new mentors. SHOW NOTES: Daymond suggests that you write your own obituary and really take inventory [3:12] Daymond knew what he didn’t want out of life, so he challenged himself [14:36] Daymond strongly advocates constantly finding new mentors [18:11] Daymond suggests young people become financially literate and learning coding [25:03] Daymond strongly advocates that people take what he calls “affordable steps” [26:55] Entrepreneurship was hard for Daymond because he didn’t see black people in that role [30:43] Daymond explains what you should do if you want to work with someone like him [40:25] You need to have empathy for everyone you are negotiating with [47:11] FOLLOW: WEBSITE: daymondjohn.com/ INSTAGRAM: instagram.com/thesharkdaymond/ FACEBOOK: facebook.com/TheSharkDaymond/ TWITTER: twitter.com/TheSharkDaymond CHECK OUT OUR SPONSORS Audible: Sign up for a free 30 day trial at https://audible.com/IMPACTTHEORY  ButcherBox: Ready to level up your meals? Go to https://ButcherBox.com/impact to get $20 off your first box and FREE bacon for life. Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out Upway: Get $150 OFF any purchase over a thousand when you use code IMPACT at https://upway.co. Kettle & Fire: Get 20% off your first order at https://kettleandfire.com/impact with code IMPACT  Netsuite: Download the CFO’s Guide to AI and Machine Learning at https://NetSuite.com/THEORY Found: Try Found for FREE at https://found.com/impact Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Thrive Market: ​​Go to https:thrivemarket.com/impact for 30% off your first order, plus a FREE $60 gift! American Alternative Assets: If you're ready to explore gold as part of your investment strategy, call 1-888-615-8047 or go to https://TomGetsGold.com Tech Unheard: Tune into Tech Unheard from Arm and NPM—wherever you get your podcasts. iTrust Capital: Use code IMPACTGO when you sign up and fund your account to get a $100 bonus at https://www.itrustcapital.com/tombilyeu  Mint Mobile: If you like your money, Mint Mobile is for you. Shop plans at https://mintmobile.com/impact.  DISCLAIMER: Upfront payment of $45 for 3-month 5 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details. ********************************************************************** What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices