Daymond John On Shark Tank (Image Source: Instagram/@sharktankabc)
Highlights
- Daymond John hires interns mostly as they bring dedication and commitment to the table.
- Most of his employees started as interns, highlighting his belief in in-house growth.
- Daymond emphasizes nurturing talents from within, even when it gets challenging.
Daymond John, a renowned entrepreneur and an insightful mentor on Shark Tank, recently shared his unique approach while hiring interns. Shark Tank fans and followers of Daymond John would already know his tradition of dispensing manful guidance and anecdotes on business and life. This time, he spoke about developing talent from the starting point of their careers.
He opens up about his hiring philosophy and says that all the budding entrepreneurs out there can take notes. His interns had been mostly with him since he started his company. He said that he puts interns into place not as coffee wannabes but as engaged and hard-working members of his team. “I hire interns first. I get interns from colleges as many as I can,” he explained. “This is not to get coffee. This is to really work, put in the work.”
Daymond remarked that even where one lacks in prior experience, is a learner; he said, “You may not be good at social media or various things. Hire somebody in communications, hire somebody in graphics, or someone in new business.” In fact, a large 80 to 85 percent of the recruits he now has were previously interns, thereby providing evidence for the success of allowing talent to develop.
The Plan for In-House Growth and Learning
Daymond John believes in developing talent from within. The best workers, too, in a team effort, started as interns, working their way up and gaining all the exposure to the company from scratch. This helps them develop individual ways for success while conforming to the organization’s vision. Daymond insisted on providing opportunities to show their worth: “Listen, this is what you’re used to making. I’m gonna give you this for three months. Figure yourself out.” The moment a highly skilled person comes in as an intern, it allows for collaboration and growth on either side.
He, too, spoke of promoting growth from within. Such methods, in his eyes, instill loyalty among the recruits and guard the company culture. He mentioned that it is nevertheless vital to ensure the hiring of people “on the way coming up,” meaning those still learning and developing in their careers. By investing in such individuals, according to Daymond, a company can grow better just by believing in one another.
Balancing Growth with Challenges
Daymond was also open about the difficulties of nurturing talent. He acknowledged that as people grow and learn in their employment status, they might face some difficulties. “People get swamped when making too much money,” he added, pointing out the challenges of balancing personal growth with the demands of work. He pointed out that nurturing people has to go on when it is really hard.
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The Takeaway: Invest in People, Build Success
Daymond John’s intern hiring policy reflects his strong belief in people investment. By hiring interns to work and learn, he creates a culture of learning and growth. Fostering talents internally creates not only loyal workers but also establishes an environment for/in which his company can innovate and compete.
Simply put, there is a shortage of competent leaders. A relevant message by Daymond in the world of business and marketing is clear. In order to be successful in building lasting businesses, managers must invest in people, offer them meaningful work that permits growth, and become catalysts for that growth. They will foster more than success for their employees, setting the course for success for the organization.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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