Daymond John of "Shark Tank" on How to Secure and Manage Small-Business Funding

If you've ever watched an episode of Shark Tank, you know that investor and FUBU founder Daymond John strongly believes in helping small businesses succeed. John regularly volunteers his time to offer guidance and mentorship to entrepreneurs. And this summer, he's on the road with JPMorgan Chase for its annual Chase for Business Conference series.

Last year, JPMorgan Chase announced it would be doubling its investment in the Small Business Forward initiative to help small businesses run by women, minorities, and veterans. In an age when community banks are disappearing, that's positive news. And as someone who believes in making capital accessible to underrepresented businesses, John is proud to be a part of it. He's also happy to dish out advice on how to secure and manage funding when you're building a business from the ground up. Here are some pointers he shared in an email interview with The Motley Fool.

Daymond John. IMAGE SOURCE: BOB EVANS FARMS AND MICHAEL SIMON/STARTRAKSPHOTOS.COM.

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