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Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage | Daniel Paisner, Daymond John
3 posts | 7 read | 1 to read
Daymond John has been practicing the power of broke ever since he started selling his home-sewn t-shirts on the streets of Queens. With no funding and a $40 budget, Daymond had to come up with out-of-the box ways to promote his products. Luckily, desperation breeds innovation, and so he hatched an idea for a creative campaign that eventually launched the FUBU brand into a $6 billion dollar global phenomenon. But it might not have happened if he hadn t started out broke - with nothing but a heart full of hope and a ferocious drive to succeed by any means possible. Here, the FUBU founder and star of ABC s Shark Tank shows that, far from being a liability, broke can actually be "your greatest competitive advantage" as an entrepreneur. Why? Because starting a business from broke forces you to think more creatively. It forces you to use your resources more efficiently. It forces you to connect with your customers more authentically, and market your ideas more imaginatively. It forces you to be true to yourself, stay laser focused on your goals, and come up with those innovative solutions required to make a meaningful mark. Drawing his own experiences as an entrepreneur and branding consultant, peeks behind-the scenes from the set of Shark Tank, and stories of dozens of other entrepreneurs who have hustled their way to wealth, John shows how we can all leverage the power of broke to phenomenal success. You ll meet: . Steve Aoki, the electronic dance music (EDM) deejay who managed to parlay a series of $100 gigs into becoming a global superstar who has redefined the music industry . Gigi Butler, a cleaning lady from Nashville who built cupcake empire on the back of a family recipe, her maxed out credit cards, and a heaping dose of faith . 11-year old Shark Tank guest Mo Bridges who stitched together a winning clothing line with just his grandma s sewing machine, a stash of loose fabric, and his unique sartorial flair When your back is up against the wall, your bank account is empty, and creativity and passion are the only resources you can afford, "success is your only option. "Here you ll learn how to tap into that Power of Broke to scrape, hustle, and dream your way to the top."
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review
Trace
Bailedbailed

Started well but then the chapters became repetitive and the book is littered with solicitation.

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HotMessJess
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Cheers to me tonight- I paid off a student loan today! I think that looks like a 5oz pour 😁. So proud! If anyone wants to share any budget tips, fire away!

Megabooks I paid one off recently and put the money I was paying towards it towards my smallest loan. I didn't need the money right now, so it seemed to make sense to do that. 7y
Megabooks I need to see a financial planner though. 7y
Ashley_Nicoletto Definitely a 5 oz pour. 😉 7y
See All 15 Comments
Dweezlepip Congrats! 7y
LauraBrook There's still room at the top of that glass - keep going! Congratulations!!!! 7y
Hooked_on_books That's definitely something to celebrate! Congratulations! 7y
annkuch13 Congratulations!! 7y
HotMessJess @Booksandcooks I came back from vacation and just kind of hit a wall of not wanting to deal with loans any more 😐 one of my good friends from uni is a finance dude so he gave me so good pointers :) (edited) 7y
HotMessJess @Ashley_Nicoletto 🙌🏻🙌🏻🙌🏻 7y
HotMessJess @LauraBrook don't worry, I finished the bottle!! 7y
HotMessJess @Dweezlepip @Hooked_on_books @annkuch13 $1600 down, $30k to go! 😲😵 I know I'm not alone at least! 7y
Megabooks @HotMessJess Fantastic!! Congratulations!! 🎊🎊 I used 2/3 of my tax refund. 7y
Bookcation74 Congrats! It's such a good feeling! 7y
RohitSawant Congrats!! 7y
minkyb That is a huge deal. Congratulations! 7y
64 likes15 comments
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Broke_Girl_Reads
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Well Buzzfeed, you win this round. Did anyone else get uncannily accurate results from this quiz?

https://www.buzzfeed.com/farrahpenn/we-know-what-type-of-book-nerd-you-are?utm_t...

PurpleyPumpkin YES! Totally accurate... spooky. 👍🏼👻 7y
Garabrandtreviews Actually.... Yes. I have an eBook, paper back and audio copy of Frank Delany's Ireland. 7y
Broke_Girl_Reads @Garabrandtreviews I like to collect print and audio versions of my favorite books too! And of course I'm now collecting the illustrated editions of the Harry Potter books 7y
Broke_Girl_Reads @PurpleyPumpkin haha yeah I saw your post! I'm a bit of a book bringer too. I sometimes will bring two with me in case one of them isn't jiving with my mood 7y
WordWaller I'm the book bringer for SURE and knew that before I took the quiz 😂 7y
34 likes5 comments