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'Quit Your Day Job Is Garbage Advice' (cnbc.com)

Posted by msmash on from the do-the-smart-thing dept.

An anonymous reader shares an article: While Daymond John was building his clothing line FUBU, which would evolve into a $6 billion brand, the entrepreneur was living on the tips he made waiting tables at Red Lobster. "I was working at Red Lobster for five years as a waiter as I was running this business," the Shark Tank star said at the iConic conference in New York City on Wednesday. At first "it was 40 hours at Red Lobster and six hours at FUBU. Then it was 30 hours at Red Lobster and 20 hours at FUBU, because money started to come in." Even after FUBU started to take off, John continued waiting tables. He wouldn't do things any differently if he could, he told the audience on Wednesday: "Don't quit your day job. [...] Let's say I was making an average of $40,000 a year," he continued. "After five years, that's $200,000 of salary. I would have had to sell $1 million more worth of FUBU product to bring home the $200,000, but I didn't have to do that. I just had to sacrifice time."

4 of 227 comments (clear)

  1. "I just had to sacrifice time." by Immerman · · Score: 3, Funny

    Because everyone knows money is far more valuable than time...

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    --- Most topics have many sides worth arguing, allow me to take one opposite you.
  2. And free food. by 140Mandak262Jamuna · · Score: 2, Funny

    He probably got to eat for free, and take home left overs and feed rest of his family too. Saved money definitely. Only compromise is having to agree that what Red Lobster dishes out is food then have the gumption to eat it.

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    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
  3. Re:Suvivor Bias by Anonymous Coward · · Score: 3, Funny

    Never listen to advice from billionaires. They hate competition.

  4. I wrote my first novel while working 60/week by netsavior · · Score: 5, Funny

    I was working as a software developer on a very demanding project, pulling 60+ hours a week most weeks while I wrote my first novel.

    It was a long process, and it was very hard, and yes I had no free time between my money job and my passionate speculative job.
    As time went on I finally finished the book, and sold thousands of copies.

    I am proud to say that today I make 6 figures a year...





    ...as a software developer, because that's my real job and nearly every novelist who ever lived didn't make a living at it, and it is important to have realistic dreams.