
#182 Daymond John on The Skills You Need to Build A Multi-Million Dollar Business| Impact Theory
Tom Bilyeu's Impact Theory
08/04/20
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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.
This episode is brought to you by:
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SHOW NOTES:
Daymond explains that no one is going to save you or even get you off the couch [1:23]
Daymond suggests that you write your own obituary and really take inventory [3:12]
Daymond shares the difficulties he has overcome in his own life [5:59]
Daymond’s mother always disciplined him and pushed him to own his own destiny [8:31]
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 knowing who you truly are before getting married [22:04]
Daymond describes the methods his mother used to educate herself [22:56]
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 describes the traits he seeks in employees [35:35]
Daymond breaks down how negotiation works [37:32]
Daymond explains what you should do if you want to work with someone like him [40:25]
The key to negotiation is to figure out what’s in it for the other person [42:58]
The final part of negotiation is nurturing the relationship [45:10]
You need to have empathy for everyone you are negotiating with [47:11] Q
FOLLOW:
WEBSITE: daymondjohn.com/
INSTAGRAM: instagram.com/thesharkdaymond/
FACEBOOK: facebook.com/TheSharkDaymond/
TWITTER: twitter.com/TheSharkDaymond
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If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
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Previous Episode

On this episode of Health Theory with Tom Bilyeu, Caroline Leaf explains the biological processes that constitute thoughts, feelings and choices, emphasizes the importance of becoming more aware, and describes the latest brain research, including exciting findings about how to change your biological age through mind management. You can pre-order Dr. Leaf's new book here: https://amzn.to/3fbM9kX
This episode is brought to you by:
Athletic Greens: Go to athleticgreens.com/impact for a free gift with your first purchase with a minimum value of $20. ISSUU: Go to ISSUU.info/impacttheory to sign up for your FREE account.
Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory
SHOW NOTES:
[1:06] Form Your Identity: Caroline explains why your identity is so important, and how to consolidate and strengthen it.
[6:48] Think, Feel, Choose: Caroline describes the biological processes that underlie making choices and building identity.
[14:43] The Science of Thought: Caroline uses the analogy of ocean waves to explain how the brain functions.
[23:43] How to Become Aware: Awareness is strongly linked to empathy, and requires you to stand back and observe your own choices and reactions.
[28:45] 5 Steps for Mind Management: Even if you are not conscious of it, and even if you don’t remember it, your choices and habits will change your brain on a physical level.
[44:03] The Latest Researcher: You can change your biological age by controlling your brain functions.
Follow Dr. Leaf:
WEBSITE: drleaf.com/
INSTAGRAM: instagram.com/drcarolineleaf/
FACEBOOK: facebook.com/drleaf/
TWITTER: twitter.com/DrCarolineLeaf
DR. LEAF'S PODCAST: https://anchor.fm/cleaningupthementalmess
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Next Episode

On this episode of Conversations with Tom Bilyeu, Bret Weinstein advocates learning to see both individual responsibility and collective responsibility simultaneously. He discusses the Unity 2020 platform, shares some insight on Andrew Yang’s presidency, and talks about what we need to do now to avoid civil war, environmental destruction, and general moral failure.
This episode is brought to you by:
Butcher Box: Go to ButcherBox.com/IMPACT Raycon: Get 15% off Raycon wireless earbuds at BUYRAYCON.com/impacttheory
Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory
SHOW NOTES:
You are living in your own simulation, which is your biggest asset and your biggest liability [2:11]
Fights, whether marital or societal, are rarely only about the explicit content [3:18]
Those who see the hazard clearly don’t understand where the energy is coming from [7:26]
Bret describes rent-seeking behavior and how it is impossible to eliminate it entirely [13:25]
Bret and Tom discuss learned helplessness and why it’s such a bad idea [18:31]
Bret describes the collective responsibility we have as human beings [25:03]
Tom compares liberals and conservatives to visionaries and integrationists [28:35]
Radical change sucks, but may be necessary, and personal responsibility is paramount [33:10]
Tom and Bret discuss the severe divisions in current American society [36:28]
Bret describes the Unity 2020 plan and why we need to remove influence peddling [44:22]
Tom explains why he was so interested in Andrew Yang [45:54]
Bret talks about what you can learn from Andrew Yang’s presidency [49:41]
A groundswell of support is more important than naming a ticket for Unity 2020 [54:04]
Tom talks about the intoxication of rage and cognitive bias [1:00:06]
We are the ones we have been waiting for [1:04:25]
Tom and Bret discuss the leaders we need to have and how to find them [1:06:21]
Bret talks about the desire to remain unenlightened [1:14:18]
The US tries to step out of the normal evolutionary current and do something different [1:20:01]
Tom and Bret discuss the problem with attacking the scientific method itself [1:22:49]
Our education system has screwed people up so badly that they don’t want to learn [1:29:53]
Natural selection has turned sex for humans into a bonding mechanism [1:36:05]
Tom discusses Thomas Sowell and the Black Lives Matter movement [1:46:26]
Bret discusses the likelihood of Donald Trump being reelected [1:50:41]
Bret explains why schools don’t get fixed [1:53:22]
FOLLOW BRET:
WEBSITE: bretweinstein.net/
FACEBOOK: facebook.com/official.bretweinstein/
TWITTER: twitter.com/BretWeinstein
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
- Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
- New episodes delivered ad-free
- Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
- You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
- Legendary Mindset: Mindset & Self-Improvement
- Money Mindset: Business & Finance
- Relationship Theory: Relationships
- Health Theory: Mental & Physical Health
- Power Ups: Weekly Doses of Short Motivational Quotes
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