Daymond John: Successful people have no ‘magic wand’ – here’s what it takes.

Success can come from moments when everything goes wrong, just as much as when everything goes right. “If I would have understood that, it would have helped me so much earlier on in my career,” Daymond John, the “Shark Tank” star and founder of apparel company FUBU, tells CNBC Make It.

John has come a long way since turning a $40 fabric budget into a successful urban streetwear brand that, at its peak, brought in $6 billion in sales globally. As a young entrepreneur, he says, he never understood why some people just seemed destined for success.
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“I thought that they had something special about them,” says John. “That all of a sudden there was some gift that they had or somebody hit them with a magic wand.”
It took meeting and speaking with people who he considered successful for John to realize that no such magic wand existed. To his surprise, John says, even his role models had the same fears and struggles, and made the same mistakes, as he did.
The lesson taught him ...read more