What To Do When Your Business Is Failing

What To Do When Your Business Is Failing

Comments (100)

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

    Also, you can comment any questions
    you have for me.

    I might feature your question
    in one of my next videos.

    Don’t forget. Like. Comment. And subscribe.

  2. Great material here, Mr. Dan. Thanks! I do have a question (not related to the video, though): according to your experience, is marketing and selling separate but related concepts? Seems to me that selling is the byproduct of marketing. Many thanks, once again!

  3. Your business is a direct reflection of you. When you grow my business grows.

  4. What if the problem is getting leads to sell to? I can close 60% of my sits, but without leads that's useless. Any advice when lead gen is the problem?

  5. You're either growing or dieing.

  6. Great advice! I canceled my Dan on Demand subscription and started saving the money I was flushing down the toilet.

  7. Less than 200 k and we'll hit the First One Million!

  8. Learning new things from every video. Thank you Dan.

  9. I really like your videos … they certainly help me focus on the main thing

  10. Omg, I am close to that situation now….

  11. Thank you very much Dan Lok.
    I really needed this.thank you

  12. 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

  13. Dan, how do I have virtual assistants for my company, instead of real people managing my company, so it's easier

  14. 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

  15. 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…

  16. 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.

  17. 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!

  18. 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

  19. What should i do if i have different vision with my partner bussiness ?

  20. "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.

  21. iam respecting you,because your not wasting free time,and sharing valuable information to humanity

  22. iam respecting you,because your not wasting free time,and sharing valuable information to humanity

  23. It's good to know that you didn't need a good handwriting to be successful

  24. 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!

  25. Another outstanding video Dan! Thank you very much.

  26. 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.

  27. 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.

  28. We listen to Both GC & Dan Lok, Both are different so we have to listen to both

  29. 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!

  30. Dan You gotta make a video dedicated for teenagers

  31. Congrats in advance towards reaching the 1Million subscriber mark

  32. Thanks dan!!! 😊

  33. 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!

  34. 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

  35. what exactly are "high ticket sales" and what do you sell?

  36. 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?

  37. Dan could you briefly explain "entrepreneurial supply chain"..

  38. Wow nice handwriting,

  39. Sifu dan, next video on deep voice ,what you do?!!

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

  41. Your teachings have helped me work on my weaknesses as a person and a CEO

  42. "Its not the thing, its the THING that sells the thing", Dab]n Lok.

    the books you dont read wont help you.

  43. 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

  44. 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?

  45. 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.

  46. What I see here is work yourself up to become the right person, waiting for the right time and be at the right place

  47. 👍👍👍👍👍🙂🙂

  48. Watched from beginning to end, Like and Subscribed.

  49. 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?

  50. 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.

  51. Dan and grant cardone both say that you need cash. Grant says do more, sell more. Dan says sell assets and cut costs.

  52. Impressive VIDEO 🙂

  53. It's a thing that sells a thing, its not a thing.

  54. Is it just me or did we all nearly cry at the end because of the passion you can hear and feel is this mans voice!

  55. 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.

  56. 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

  57. Can you learn about to start up small company for youngster.
    How to start a business in low investment..
    Teach me.

  58. Thanks Dan. I love those framed pictures in the back, who are they by?

  59. nice i learn more about business thank you

  60. Aye Projects To Mansions!

  61. Hi Dan ,how can you make a video on how you manage you time (I.e relationship, business,family and expenses

  62. 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

  63. I am learning the most from you then any other entrepreneur, I am blessed I found you

  64. From your failures ,I will learn to succeed ,thank you

  65. thanks for this tomorrow i will focus on being the best sales man for my business

  66. 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

  67. 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

  68. 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?

  69. Brief but gold, you're a great mentor Dan Lok.

  70. You're simply reading my mind, Dan. Thanks for the video.

  71. This changed my life. Thanks Dan

  72. I like the honesty in Dan.

  73. Powerful Lessons Leraned Sifu.

    1. Focus on Cutting Expenses
    2. Focus on sale
    3. Focus on learning

    Thank you

  74. looking mighty sharp today sir


  76. 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.

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

  78. 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?

  79. 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

  80. I think this video is more relevant and meaningful…

  81. Thanks for telling

  82. Boo…god bless you…😇tan you…mister Dan

  83. what if you have too much high interest loan payments?

  84. This guy is king when I need answers for something. 🙂

  85. Knowledge is power.Thanks for all these pearls of wisdom from your past experiences👍

  86. I love it, straight to the point, I think my problem is lack of focus and maintaining a set path.

  87. 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

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