WEBVTT 00:00:00.000 --> 00:00:00.800 align:middle line:90% 00:00:00.800 --> 00:00:02.490 align:middle line:84% MATT FORTE: Do you think we're going to see as-- 00:00:02.490 --> 00:00:04.350 align:middle line:84% right now we're in the midst of everybody's panicking 00:00:04.350 --> 00:00:06.490 align:middle line:84% and the stock market's tumbling and all this stuff's happening, 00:00:06.490 --> 00:00:07.440 align:middle line:84% but something really interesting is 00:00:07.440 --> 00:00:08.873 align:middle line:84% more people than ever are going to see what 00:00:08.873 --> 00:00:09.870 align:middle line:90% it's like to work from home. 00:00:09.870 --> 00:00:11.300 align:middle line:84% Do you think there's going to be-- 00:00:11.300 --> 00:00:13.080 align:middle line:84% what do you foresee long-term effects 00:00:13.080 --> 00:00:15.573 align:middle line:84% on business coming out of this onto the other side of this? 00:00:15.573 --> 00:00:17.640 align:middle line:84% DAYMOND JOHN: I think there is going to be a lot of businesses 00:00:17.640 --> 00:00:19.650 align:middle line:84% that are going to fall by the wayside and then 00:00:19.650 --> 00:00:22.050 align:middle line:84% a lot of businesses that are going to excel. 00:00:22.050 --> 00:00:24.840 align:middle line:84% I think there's going to be a lot of new entrepreneurs 00:00:24.840 --> 00:00:26.820 align:middle line:84% in this world who had an idea and/or 00:00:26.820 --> 00:00:28.950 align:middle line:84% something, and now all of a sudden 00:00:28.950 --> 00:00:30.197 align:middle line:90% they're going to do really well. 00:00:30.197 --> 00:00:32.130 align:middle line:84% There are going to be businesses that have said-- that are 00:00:32.130 --> 00:00:33.790 align:middle line:90% going to say, wait a minute. 00:00:33.790 --> 00:00:36.840 align:middle line:84% We always thought that social media was for kids, 00:00:36.840 --> 00:00:38.580 align:middle line:84% but now no customers in our store, 00:00:38.580 --> 00:00:40.523 align:middle line:84% and we have no data on these customers, 00:00:40.523 --> 00:00:41.490 align:middle line:90% and they live down the block. 00:00:41.490 --> 00:00:42.823 align:middle line:84% I can't even get to them anymore, right? 00:00:42.823 --> 00:00:44.390 align:middle line:84% There are going to be other businesses that are 00:00:44.390 --> 00:00:45.540 align:middle line:90% going to say, you know what? 00:00:45.540 --> 00:00:48.190 align:middle line:84% We've been preparing virtually to have people work, 00:00:48.190 --> 00:00:48.990 align:middle line:90% and you know what? 00:00:48.990 --> 00:00:52.110 align:middle line:84% I'm glad we invested in this stuff five years ago 00:00:52.110 --> 00:00:53.790 align:middle line:90% or we're always up for change. 00:00:53.790 --> 00:00:55.300 align:middle line:84% And other companies are going to say, 00:00:55.300 --> 00:00:58.920 align:middle line:84% man, we had to work through this so hard to learn this stuff. 00:00:58.920 --> 00:01:00.540 align:middle line:84% I'm not going to let this happen to me again. 00:01:00.540 --> 00:01:02.910 align:middle line:84% I'm going to prepare because no matter what, something 00:01:02.910 --> 00:01:04.360 align:middle line:90% else is going to happen. 00:01:04.360 --> 00:01:05.770 align:middle line:84% So this is a time where it's going 00:01:05.770 --> 00:01:09.000 align:middle line:84% to be very polarizing for businesses and people. 00:01:09.000 --> 00:01:12.650 align:middle line:90% [MUSIC PLAYING] 00:01:12.650 --> 00:01:16.000 align:middle line:90%