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John Paul DeJoria, CEO of Paul Mitchell, weighs in on why he believes now is the time to start up a new company, despite the economic climate.
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Business network.
Are now it's good to John Paul -- -- -- CEO of up Paul Mitchell co-founder -- and and -- last time he was on he hadn't played this before the break jump -- you said the great time to start a new business you know.
Bad economy yes -- lot of people done it before now's the time to -- -- since then we've probably had even worse economic news if anything but.
I -- stick by you know today people are reluctant in many cases.
To start something brand new -- -- of a new business.
You have lazy people in active people that procrastinate and -- in the economy they may not do that well.
But you have people that want to take action if you look at it.
There's less competition out there now for something new than ever before -- During and usual times people look for something new something exciting to add to their life and -- let people know that if if enough enthusiasm and belief in your service or in your product.
And go out there and -- enough people about it.
Yeah be prepared for rejection a lot people say no you've got a good shot of starting something new and getting people excited.
Well it's the guy we're talking to in John Paul -- who knows a thing or two about this -- in white story that includes being homeless twice and now.
Forbes tells -- that is worth four billion dollars so.
Risks that have paid off is probably your specialty but let me ask you about a word that is.
Probably over used maybe it's a little cliche but we hear from from everybody every few days uncertainty.
They say that there's so much uncertainty out there that I don't know what to do a much or should I hire people should I take a risk.
What about that the fact that we of these debt negotiations on going on in Washington people don't know much about the future and are afraid to take risks as a result.
Where it goes back the other child you might say living through the 68 and there was -- saying there -- saying be here now.
The passion every -- -- change you can change yesterday's newspaper.
The future could change but if you look at be here now the resource is you have right now.
Use those resources they here and now let's go back to nineteen -- is very quickly 1980.
Inflation was twelve and half percent interest rates for 18%.
Unemployment was ten and a half percent.
We have to stand in line to get ghastly around the block things are much worse off than they are today.
And -- forecasters at the end it's another depression we're going into times were worse than they -- today how.
However that's so we started -- Paul Mitchell systems was.
How big -- hundred dollars.
Bingo and then look at least as they're leaving yourself yeah alright John Paul you're one of these and that is why we like avenue on because a lot of people come on glass half empty and your your glass half full and -- Have the results to back it up thanks for joining us again we'll talk you talk to see and hopefully.
They say we have a great country we're gonna come out of this as usual there you have a great -- scenario enough -- of people.
We do -- -- great country that we all agree on that no doubt about it and hopefully we do.
Up a lot of this pretty.
