The Power of Broke
Author: Daymond John
The Power of Broke by Daymond John, the renowned entrepreneur and star of Shark Tank, explores how starting a business with limited resources can be a catalyst for success. In this inspiring book, John outlines how the mindset of having "nothing to lose" can drive you to think creatively, work harder, and hustle more effectively than those who have access to substantial financial resources. Drawing from his own experiences, including his rise from a struggling entrepreneur to the co-founder of FUBU, John explains how starting from scratch forces you to innovate, focus on your strengths, and be resourceful.
John emphasizes that having limited capital can be an advantage, not a disadvantage. Through stories of other successful entrepreneurs who started with little, the book shows how the power of passion, resilience, and determination can turn "being broke" into a powerful motivator. The book offers invaluable advice for aspiring entrepreneurs looking to start their own businesses, particularly those who may not have access to traditional forms of funding.
Why The Power of Broke is a Must-Read
Real-Life Insights – Daymond John shares his personal journey, offering wisdom based on his real-life entrepreneurial experiences.
Inspiration for Aspiring Entrepreneurs – The book is a great motivator for anyone looking to start a business without large financial backing.
Practical Advice – It provides actionable tips on how to be resourceful, create value, and build a brand from scratch.
Underdog Story – If you’ve ever felt limited by your resources, The Power of Broke will inspire you to see your challenges as opportunities.
Key Takeaways from The Power of Broke
Use What You Have – Limited resources push you to be creative, resourceful, and work smarter, not harder.
Passion Over Capital – The most successful entrepreneurs often succeed because of their passion, not because of initial funding.
Embrace the Hustle – Starting with limited funds means you have to hustle harder, but that hustle is a huge advantage.
The Power of Personal Branding – Building a brand is essential, and you can do it with limited resources if you focus on authenticity.
Leverage Your Story – Your personal story, challenges, and journey can be your strongest asset in building a successful business.
Memorable Quotes from The Power of Broke
"You don’t have to have money to make money; you have to have hustle."
Sinhala Translation: "පේනවා ගෙවීමකට මුදලක් නැතිව ආදායම් උදව් කිරීමට අයවැයක් නැත. ඒ වෙනුවට, ඔබට අවශ්ය වන දේ නම් ශක්තිමත් කටයුතු කිරීමය."
Tamil Translation: "பணத்தை சம்பாதிக்க பணம் தேவை இல்லை, உங்களிடம் உற்சாகம் இருக்க வேண்டும்."
"The power of broke is not that you're poor, it's that you're hungry and you're going to make it happen."
Availability at Booxworm.lk
You can purchase The Power of Broke by Daymond John from our online store, booxworm.lk, or visit our physical stores to grab your copy.
Physical Store Location:
Colombo 6, Wellawatte – 180 W.A. Silva Mawatha
Book Details
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Title: The Power of Broke
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Author: Daymond John
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ISBN: 9781101991889
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Publisher: Currency
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Published Year: 2016
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Number of Pages: 240
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Binding: Paperback
