1 00:00:00,000 --> 00:00:00,800 2 00:00:00,800 --> 00:00:02,490 MATT FORTE: Do you think we're going to see as-- 3 00:00:02,490 --> 00:00:04,350 right now we're in the midst of everybody's panicking 4 00:00:04,350 --> 00:00:06,490 and the stock market's tumbling and all this stuff's happening, 5 00:00:06,490 --> 00:00:07,440 but something really interesting is 6 00:00:07,440 --> 00:00:08,873 more people than ever are going to see what 7 00:00:08,873 --> 00:00:09,870 it's like to work from home. 8 00:00:09,870 --> 00:00:11,300 Do you think there's going to be-- 9 00:00:11,300 --> 00:00:13,080 what do you foresee long-term effects 10 00:00:13,080 --> 00:00:15,573 on business coming out of this onto the other side of this? 11 00:00:15,573 --> 00:00:17,640 DAYMOND JOHN: I think there is going to be a lot of businesses 12 00:00:17,640 --> 00:00:19,650 that are going to fall by the wayside and then 13 00:00:19,650 --> 00:00:22,050 a lot of businesses that are going to excel. 14 00:00:22,050 --> 00:00:24,840 I think there's going to be a lot of new entrepreneurs 15 00:00:24,840 --> 00:00:26,820 in this world who had an idea and/or 16 00:00:26,820 --> 00:00:28,950 something, and now all of a sudden 17 00:00:28,950 --> 00:00:30,197 they're going to do really well. 18 00:00:30,197 --> 00:00:32,130 There are going to be businesses that have said-- that are 19 00:00:32,130 --> 00:00:33,790 going to say, wait a minute. 20 00:00:33,790 --> 00:00:36,840 We always thought that social media was for kids, 21 00:00:36,840 --> 00:00:38,580 but now no customers in our store, 22 00:00:38,580 --> 00:00:40,523 and we have no data on these customers, 23 00:00:40,523 --> 00:00:41,490 and they live down the block. 24 00:00:41,490 --> 00:00:42,823 I can't even get to them anymore, right? 25 00:00:42,823 --> 00:00:44,390 There are going to be other businesses that are 26 00:00:44,390 --> 00:00:45,540 going to say, you know what? 27 00:00:45,540 --> 00:00:48,190 We've been preparing virtually to have people work, 28 00:00:48,190 --> 00:00:48,990 and you know what? 29 00:00:48,990 --> 00:00:52,110 I'm glad we invested in this stuff five years ago 30 00:00:52,110 --> 00:00:53,790 or we're always up for change. 31 00:00:53,790 --> 00:00:55,300 And other companies are going to say, 32 00:00:55,300 --> 00:00:58,920 man, we had to work through this so hard to learn this stuff. 33 00:00:58,920 --> 00:01:00,540 I'm not going to let this happen to me again. 34 00:01:00,540 --> 00:01:02,910 I'm going to prepare because no matter what, something 35 00:01:02,910 --> 00:01:04,360 else is going to happen. 36 00:01:04,360 --> 00:01:05,770 So this is a time where it's going 37 00:01:05,770 --> 00:01:09,000 to be very polarizing for businesses and people. 38 00:01:09,000 --> 00:01:12,650 [MUSIC PLAYING] 39 00:01:12,650 --> 00:01:16,000