What To Do When Your Business Is Failing

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100 thoughts on “What To Do When Your Business Is Failing”

  • What was your biggest takeaway from
    my video? Comment below.

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    in one of my next videos.

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  • This video came out at the righ time. I've been failing miserably dan. But I will never forget what you once said:

    "The most important characteristic of successful entrepreneur, is the ability to endure pain for a long period of time"

    – Dan Lok 2018

  • Priyanshu Kumar says:

    There are many bullshit prank videos on the internet (you can see whenever you open trending page) who are getting millions of views and I am following Dan from about one year and his videos have about average views of 50k – 150k , now I understood why there are very less number of millionaires and multimillionaires and why the business loses because they fucking waste their time in pranks and their life is going to be a prank

  • I'm watching your videos frequently. I am on my e-commerce journey, and you sir is the one who inspired me to start looking and take action to get to be my own boss. I am so eager to do things differently now…

  • Thanks Mr. Dan Lok. I am working with your 3 ideas in this video to fix my company problems. No 1 i have done, but no 2 and no 3 is the most important for me, and i working it and improve it.
    Many thanks sifu Dan lok from Indonesia.

  • Right now, in my affiliate marketing business, I still continue learning new things, new strategies and apply them so that my dream business will continue to work and run its pathways towards the success in generating more sales and revenue. Thanks for sharing your great ideas, Dan!

  • Sivashanmugarajan G says:

    I like your video because of you are not wasting time by putting some channel introduction and subscribe our channel messages, These are the things made me subscribe

  • "When you're not bringing enough cash flow and you say to yourself "I don't know how long I can sustain this"". Well, it is what every comic book publisher is asking right now. Unfortunately, only Marvel and DC could pay for your consultancy, or move forward with your consultancy. Some comic hosts are trying to find another way, but sites like Webtoon or Patreon require that the creative team works until death without generating a profitable, or viable, revenue. The comic industry is collapsing, generating smaller and numerous indie creators. However, in this business, there is no competition, but only domination. Every game, every comic, all the top sellers are taking 80-95% of the market. Independents can't do much. Still, I'm a f*****g optimistic and stay in the entertainment industry, trying to figure out a way to make it works… with games.

  • Arnel Macariola says:

    Wish I had seen this before my business went bankrupt… but things happen for good reasons, it can be that I have to go those processes before I REALLY learn the better stuff. Now I know I am on my way up!

  • True that they we should be the best sales person in our own company where we think it's not our job. All 3 points are very valuable and not maintaining those will lead to bankruptcy.

  • the books you don't read don't help you.(Yoink) i never finished fu money so im going to be reading that by the end of the week. fingers crossed ill be able to make some sales using eBay this week.

  • My business isn't failing but watching this anyway because I absolutely don't want to fail and I want to know what to do if that ever happens :-). Thanks Dan for all your video's and insights!

  • This can only come from someone who experienced it. For most of us, when things fall apart, you get in this panic mode. Its great reminder to what to focus on even when things are going well., Great info!

  • if you are rich and succesful and you haven't failed before, you are either super fucking lucky or an amazing business man from the start

  • Hey Dan, I have a question: Do you think ego is necessary for success? In martial arts and common wisdom would say ego blocks your progress, but if you need to walk a path that is different from most people, wouldn't believing in that different path needs some form of ego? Doesn't it make you motivated to improve yourself because in being humble sometimes you get pushed away by other people's beliefs and eventually you get brainwashed and start reverting back to sheep mentality?

  • My mentor!! Being watching your videos and it has really changed my mentality, and I really needed this video for my business

  • Dan lok. .please make a video on banking sales. .I'm struggling to sell each and every day. But I want to become like u

  • Hello Dan, i have a question if you could please answer it. So i am aware than financial freedom is a MYTH, but what abount being financially satisfied in the sense of being genuinely happy after youve achieved your goals or have everything you want?

  • Point 3 (5:00) sounds like a math problem. You might not know how to solve it unless you learn, and if you learn you'll see more ways to solve the problem. Some ways might be faster but they'll all end up with the same answer but if you don't know what you're doing then you have a small chance of getting it right.

  • Great Dan! All those are very powerful insights. My case is this: I'm losing market share because other Fuel Pump competitor are selling with 4.00 less than me. And I can't get the product paying less since government regulates prices. How to fight against price on a commodity as Petrol?

  • XBIT Switzerland says:

    Dan, seriously. You are just a legend for me. I will be a multi billionaire and I will change the world. Thank you sooo fucking much for all your videos.

  • Dan on Demand is great. it's not just a place to learn more from Dan Lok. It's a place to be with other like minded people and surround yourself with good entrepreneurial influences. No one can do it alone. You need a community. If you want to be top 1% income, then you need to know 100 people to meet that 1 person who will become top 1% just to try and start a community. If you want to become top 0.1% income, you'll need to know 1000 people to meet that 1 person who will become 0.1%. You have time to personally get to know thousands of people? Aren't you busy with your business?. DoD does that hard work for you. The monthly payment is a filter for people who aren't serious. It's a great place, I recommend you check it out. Feel free to reply below this message if you have any questions.

  • Hey Dan am Raymond from Ghana, my question is what of if your company is failing because of new highly competitive similar company has been introduced in your country

  • jahanzaib rehmani says:

    Dan you know man
    I applied your information on my 2nd prospect and you know what i close the dam fucking next sales meeting almost 50% done ✅ snd they showing intrust thanks dan you are really a HIGH TUCKET CLOSER applause 👏 for you

  • Im at that point where im at the bottom im almost out of all my money but now i know why… i stopped focusing on sales being the best salesman for my company I lost my edge I feel like my business sucks now i exhausted all my money…. when my business was in a good position i was generating sale after sale saving money making money ,,, thanks for this… i stopped believing in myself and my company and my companies objective

  • What if your business idea is new but the people aren't acquainted with. Plus many false prophets offering similar services ruin the business idea getting prospects scared with a political crisis. What do I do to revive my business with this problems

  • Abdullah Siddique says:

    Hey dan i need some advice.i want to marry a girl but i am.not settle so what u say i marry first or settle first?

  • Critic121 Kibitzer says:

    My problem is NO CONFIDENCE IN SELF!!! No self worth .. in myself and my work …
    Can’t go out meeting clients.
    That’s my greatest fear.
    … even clients comes to me … I tend to sell myself cheap … worst when they come in with sad stories and needing my help.

  • Hector Mongezi says:

    I learned that the first step of business is to improve my high incomes skills, before diving into the deep end.

  • Thank you so much for this video.

    Do you believe that there are some areas that people wont buy a certain product because they are satisfied with their lives? I know it sounds off but thats what Im experiencing. Currently i'm studying in a Province away from home and I started selling perfumes as I did at home. At home alot of people were so willing to buy and i was out of stock almost immediately after i started (i advertised the product through social media). But here in this Province seems like people dont really think they need perfumes.
    Do you believe in this? That there are places that dont sell certain products because people are satisfied with what they have?

  • Jakrapatra Lauhawatana-HTC Graduate says:

    Cash cutting expense… cut out unnecessary expense…
    Focus on sales…no.1 sales person for my organization… the things that sell the thing.., focus sales
    Learning be honest with urself learn more know more about competitors than they know themselves

  • My dad is basically driving our business to the ground by not doing anything and I just wanna research and do everything I can to shut him up and if I have to fix it myself so be it we can survive without the business no problem but the idea of a business failing while I can do something about it just grinds my gears to the max.

    And that’s why I’m here now

  • Dr. Austin Milbarge says:

    As a former corporate sales trainer, I wish I had discovered your work several years ago. You have a great style and present a nice mix of classic proven psychological techniques, as well as add a modern understanding of today's business climate and demands. Excellent channel Dan! Anyone interested in becoming a better closer should pay attention. Thank you for what you have shared with us.

  • THE SEX DOLL CHANNEL says:

    This morning when I woke up depressed about my failing business, I went back to sleep three more hours. I felt better when I woke up. This was just the video I needed. It is often darkest right before the dawn. Thank You, Dan Lok

  • Midwest Korean Translation says:

    Dan, I am a Korean interpreter and own a business. I have been watching you for the past couple of months and have benefited so much by watching your videos and actually applying the material. I came across this video at the right time, as I am currently going through some financial challenges that I am determined to overcome. Best of luck and keep producing.

    Robert

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