What To Do When Your Business Is Failing

แชร์
ฝัง
  • เผยแพร่เมื่อ 28 ธ.ค. 2024

ความคิดเห็น • 209

  • @DanLok
    @DanLok  6 ปีที่แล้ว +69

    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.

    • @gokgokgok770
      @gokgokgok770 6 ปีที่แล้ว

      How do you sell in a market where there's a need but clients don't know? With your terms "I will sell people stuff they didn't know they needed". I think the term is hidden desire but not so sure.

    • @AllThingsChristianYT
      @AllThingsChristianYT 6 ปีที่แล้ว

      I watched this again... the thing that sells the thing is marketing. It’s what will drive the sales and sell more things. Instead we focus on the products and varieties (thinking why people aren’t buying them like crazy) rather than marketing them which will lead to people buying them. Correct me if I’m wrong.

    • @anisharahul1439
      @anisharahul1439 6 ปีที่แล้ว

      How to gather capital for a business??

    • @anisharahul1439
      @anisharahul1439 6 ปีที่แล้ว

      Best books on investments

    • @jjgoogle663
      @jjgoogle663 5 ปีที่แล้ว

      Not enough people respect the importance of being a great salesperson!.

  • @thetruthbetweenthelines8521
    @thetruthbetweenthelines8521 6 ปีที่แล้ว +130

    It's well-known that multimillionaires failed multiple times before they experience success. More than that, they go to 1 million+ and back to zero a few times before succeeding. We need to understand this is a game of patience and acquiring skills. One failure won't define you and one win will not make you rich forever.

    • @freefiretrainer8638
      @freefiretrainer8638 5 ปีที่แล้ว +2

      oops that's good sign, may be i can be a millionaire soon. But practically i am failing more than times i win.

    • @chickencurry1033
      @chickencurry1033 4 ปีที่แล้ว +1

      FreeFire Trainer persist. Keep it going no matter what. You said multiple times but your business is still up. Realise they are bumps and keep moving

    • @dashataylor6348
      @dashataylor6348 3 ปีที่แล้ว

      @@freefiretrainer8638 me too!

  • @gowithten
    @gowithten 5 ปีที่แล้ว +12

    Powerful Lessons Leraned Sifu.
    1. Focus on Cutting Expenses
    2. Focus on sale
    3. Focus on learning
    Thank you

  • @arielluria3975
    @arielluria3975 6 ปีที่แล้ว +56

    1.Ensure you have a positive variable contribution.
    2.Cut costs
    3.Prioritise your payables.
    4.Plan your cash flow carefully.
    5.Communicate with creditors.

    • @ricafesharmenbetonio4315
      @ricafesharmenbetonio4315 5 ปีที่แล้ว

      Ariel Luria this is very importante . Thanks for sharing .
      This are the things i need to learn to communicate with the creditors.

    • @erikarice6859
      @erikarice6859 5 ชั่วโมงที่ผ่านมา

      How

    • @erikarice6859
      @erikarice6859 5 ชั่วโมงที่ผ่านมา

      I can tell you to go invent fire, but how

  • @ABEL-cd2sp
    @ABEL-cd2sp 5 ปีที่แล้ว +2

    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

  • @MotiveVideoBook
    @MotiveVideoBook 6 ปีที่แล้ว +38

    Powerful . "It's not the thing, it's the thing that sells the thing." Thank you Dan, you're awesome.

  • @OLIVER949OC2
    @OLIVER949OC2 5 ปีที่แล้ว +2

    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

    • @andreassloth5130
      @andreassloth5130 5 ปีที่แล้ว

      I'm sorry to hear that. Sales is a very important skill to utilize in business and life to get what you want. You can still become the best salesman like before. Just keep pushing and you've got this! Don't give up.
      If you want to learn Dan's secrets of closing, I encourage you to check out this FREE class, where Dan taught his secrets --> danondemandtoday.danlok.link

  • @RUNNINGWATER
    @RUNNINGWATER 6 ปีที่แล้ว +7

    Sifu thank you for this video. As a leader of my own organization, myself: 3 things to do to turn back organization: 1.) cut down expenses 2.) focus sales sales sales 3.) learning what don’t I know that will support me in tasks required to sales

  • @midwestkoreantranslation2175
    @midwestkoreantranslation2175 5 ปีที่แล้ว +5

    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

  • @xbitswitzerland1570
    @xbitswitzerland1570 6 ปีที่แล้ว +1

    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.

  • @Ful-OGold
    @Ful-OGold 9 หลายเดือนก่อน +4

    No matter how much you talk about turning it around, you can’t force people to spend money if they haven’t got it. This cost of living crisis is hitting people hard. Even businesses who sell essential things or services are struggling let along a niche thing or market.

    • @nadinedaoud2538
      @nadinedaoud2538 8 หลายเดือนก่อน +2

      That’s why we try to go after those who can afford to do business with us. It takes the same amount of time with the “haves” and “have nots”. Therefore, I choose the “haves”.

  • @1betterday
    @1betterday 6 ปีที่แล้ว +7

    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!

  • @localowcountry
    @localowcountry 5 ปีที่แล้ว +5

    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.

  • @RachelSLee
    @RachelSLee 6 ปีที่แล้ว +2

    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!

  • @ktownlee
    @ktownlee 6 ปีที่แล้ว +2

    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!

  • @hectormongezi1053
    @hectormongezi1053 5 ปีที่แล้ว +2

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

  • @ruthwhite1422
    @ruthwhite1422 6 ปีที่แล้ว +6

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

  • @erwinlim9069
    @erwinlim9069 6 ปีที่แล้ว +1

    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.

  • @kales5596
    @kales5596 4 ปีที่แล้ว +3

    this content is absolutely insane 11/10 can't thank Dan enough for creating this

  • @CreativBrian
    @CreativBrian 6 ปีที่แล้ว +35

    The thing that sells the thing 🔥

  • @Djsatile
    @Djsatile 6 ปีที่แล้ว

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

  • @scottytoorottie
    @scottytoorottie 6 ปีที่แล้ว +1

    "Focus on learning" is one of the simplest but smartest and most important things people need to hear and understand. For all successful ventures across the board.

  • @HunterGamingGr
    @HunterGamingGr 6 ปีที่แล้ว +1

    Holy fucking shit. Best timing. Just destroyed my dropshipping store. As a 17 yr old I just failed my first "business". Planning to continue tho I just need 150€ to pay the people thag trusted me....

  • @AnymMusic
    @AnymMusic 6 ปีที่แล้ว

    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

  • @momoalshi3225
    @momoalshi3225 6 ปีที่แล้ว +3

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

  • @Gears2Game
    @Gears2Game 6 ปีที่แล้ว +2

    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...

  • @RUNNINGWATER
    @RUNNINGWATER 5 ปีที่แล้ว

    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

  • @Jollylove5
    @Jollylove5 4 ปีที่แล้ว

    It’s the learning part for me.. I get faced with problems in my business and literally have no idea how to solve them.. it’s time to hit the books.

  • @freefiretrainer8638
    @freefiretrainer8638 5 ปีที่แล้ว +2

    I ALREADY HAD 3 BUSINESS ON VERGE OF CLOSING.

  • @princeeoa4567
    @princeeoa4567 6 ปีที่แล้ว +2

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

  • @insanedrummer89
    @insanedrummer89 6 ปีที่แล้ว +1

    I think the only thing I would add is focus on your customers, what they want/need/who they are/ where they come from. great video.

  • @TheLifeFormulaa
    @TheLifeFormulaa 6 ปีที่แล้ว +3

    Dan's channel is crushing it!

  • @Negative.headspace
    @Negative.headspace 5 ปีที่แล้ว +2

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

  • @djclifty5259
    @djclifty5259 3 ปีที่แล้ว

    Thanks for this video we have as a company been failing in my eyes for years simply 3 points which when the stress and stain of keeping the business afloat get forgotten
    I always had the notion should be outside of your business looking in not inside your business looking out
    Thanks for this video :)

  • @richardsayad
    @richardsayad 6 ปีที่แล้ว +4

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

  • @Shamseercollection
    @Shamseercollection 6 ปีที่แล้ว

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

  • @sourabhbali8292
    @sourabhbali8292 5 ปีที่แล้ว +1

    I like the honesty in Dan.

  • @rodjonsmwigambe
    @rodjonsmwigambe 4 ปีที่แล้ว +2

    Hi sifu, thanks for teaching us. However I have a question " how would you best market a service?"
    Thanks

  • @MartynDamara7
    @MartynDamara7 5 ปีที่แล้ว +2

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

  • @adrianqw1234
    @adrianqw1234 6 ปีที่แล้ว +7

    With that writing for your third point, you should be called the doctor of high ticket sales

  • @30Rosabell
    @30Rosabell 2 ปีที่แล้ว

    you have helped me a lot now, I need this to grow up my business

  • @hanadraws2002
    @hanadraws2002 4 ปีที่แล้ว

    my business is failing right now, i’m only 18 i have a lot of things to know

  • @usmanahmad5332
    @usmanahmad5332 5 ปีที่แล้ว +2

    This guy is king when I need answers for something. :)

  • @MyNameIssaSimon
    @MyNameIssaSimon 6 ปีที่แล้ว +1

    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.

  • @michalpeterizeboud3402
    @michalpeterizeboud3402 6 ปีที่แล้ว +31

    Congratulations on hitting 800K. You have inspired me and altered the way I think. Cannot wait for the future. #watchthisspace

    • @DanLok
      @DanLok  6 ปีที่แล้ว +5

      Thank you Michal.

  • @Whosestory-h2d
    @Whosestory-h2d 6 ปีที่แล้ว +2

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

  • @wingchung1975
    @wingchung1975 6 ปีที่แล้ว +1

    Thank for sharing those with us Sifu. God bless you, your family and your great team. George from Greece.

  • @0s0sXD
    @0s0sXD 4 ปีที่แล้ว +1

    Video motivated me when I needed it
    Thank you so much

  • @merquitiedd
    @merquitiedd 6 ปีที่แล้ว +1

    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!

  • @nkosikhonantuli8268
    @nkosikhonantuli8268 4 ปีที่แล้ว +1

    Thank you so much Mr Lok, we learn so much from you...I see a lot of improvements in my small business that I just started in the last three months...Thank you Sir.

  • @jahanzaibrehmani7182
    @jahanzaibrehmani7182 6 ปีที่แล้ว

    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

  • @NiNiD80
    @NiNiD80 5 ปีที่แล้ว

    I got thrown into a business I had ZERO experience with. The main issue is financial stability. There's simply not enough money to pay for supplies and pay my employee, and pay for recurring bills (water, utilities, etc) ... Also, I don't take home a paycheck. I need a mentor, and an investor.

  • @iconicon5857
    @iconicon5857 5 ปีที่แล้ว +5

    "Focus on sales"
    "What do I mean by that..."
    "...produce sales"
    wow, thanks! problem solved.

  • @hidayam
    @hidayam 6 ปีที่แล้ว

    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.

  • @sourabhbali8292
    @sourabhbali8292 5 ปีที่แล้ว +1

    This changed my life. Thanks Dan

  • @jasmineolsson9447
    @jasmineolsson9447 4 ปีที่แล้ว

    The best advices. You are my mentor from far away. Thank you, Dan.

  • @DennisSuryana
    @DennisSuryana 5 ปีที่แล้ว +8

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

    • @BeeeHonest
      @BeeeHonest 2 ปีที่แล้ว

      LOL.. yep he managed to fool people like you, indeed is gold.

  • @toushifalam3405
    @toushifalam3405 3 ปีที่แล้ว

    The way he make people's understand is just mind-blowing ❤️

  • @OLIVER949OC2
    @OLIVER949OC2 5 ปีที่แล้ว

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

  • @DroneWolfMedia
    @DroneWolfMedia 6 ปีที่แล้ว +4

    Excellent information! Thanks for sharing.

  • @HarishKumar-ei6me
    @HarishKumar-ei6me 6 ปีที่แล้ว +3

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

  • @techno4u487
    @techno4u487 5 ปีที่แล้ว

    you should know your competitors or enemies better than know themselves.

  • @hasansirajuddin304
    @hasansirajuddin304 6 ปีที่แล้ว

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

  • @princeeoa4567
    @princeeoa4567 6 ปีที่แล้ว

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

  • @metfreak100
    @metfreak100 2 ปีที่แล้ว

    I used to have a nicely running gaming cafe. It failed only because the competitor had better equipments at same prices and lowering prices didnt help.

  • @theaggressor1374
    @theaggressor1374 5 ปีที่แล้ว +1

    How about the spiritual aspect of success pls teach us that part

  • @nounbookstv8540
    @nounbookstv8540 6 ปีที่แล้ว +3

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

  • @fyah
    @fyah 6 ปีที่แล้ว +1

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

  • @felixmerchant02
    @felixmerchant02 6 ปีที่แล้ว +2

    Thanks dan!!! 😊

  • @TheProfGray
    @TheProfGray 6 ปีที่แล้ว +5

    57th view. Earliest for me. Love the content, very informative. It also keeps me thinking straight. Thank you for the constant updates and content!

  • @annierampersad3982
    @annierampersad3982 5 ปีที่แล้ว

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

  • @victoradedamola4797
    @victoradedamola4797 6 ปีที่แล้ว +1

    Nice one Bro. You hit the nail on the head.

  • @lawrencegroves8307
    @lawrencegroves8307 6 ปีที่แล้ว

    Another outstanding video Dan! Thank you very much.

  • @georginavlog
    @georginavlog 6 หลายเดือนก่อน

    Very helpful thank you

  • @UnwrappingByMimiKoteng
    @UnwrappingByMimiKoteng 6 ปีที่แล้ว +2

    Watched from beginning to end, Like and Subscribed.

  • @riyorishbathingsoaps8398
    @riyorishbathingsoaps8398 6 ปีที่แล้ว

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

  • @bingbungbong
    @bingbungbong 6 ปีที่แล้ว

    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?

  • @ganeshaassociates1270
    @ganeshaassociates1270 10 หลายเดือนก่อน

    Thank you sir for your very valuable advice 🙏

  • @alainnkindu9542
    @alainnkindu9542 6 ปีที่แล้ว +1

    Wow, sifu. Powerful lessons from this content piece!

  • @rajamany5422
    @rajamany5422 4 ปีที่แล้ว

    Good entrepreneur and also best advices.

  • @vineykumar5926
    @vineykumar5926 6 ปีที่แล้ว

    Learning new things from every video. Thank you Dan.

  • @rasekhon
    @rasekhon 5 ปีที่แล้ว

    My competitors are not my enemies

  • @akulasrinivas733
    @akulasrinivas733 5 ปีที่แล้ว +1

    Excellent

  • @sayedazeem5157
    @sayedazeem5157 3 ปีที่แล้ว

    Bussiness can fail overnight

  • @a.m.a.b7368
    @a.m.a.b7368 4 ปีที่แล้ว

    1. Cut expenses
    2. Focus on sales
    3. Learn . You almost fail because you lake skills or knowledge

  • @AnymMusic
    @AnymMusic 6 ปีที่แล้ว

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

    • @susantochua8644
      @susantochua8644 6 ปีที่แล้ว

      hts/htc means that we help entrepreuner/companies sell premium products services for comission

  • @d_iron_temple
    @d_iron_temple ปีที่แล้ว

    Thanks for this video.

  • @rianawilliams9608
    @rianawilliams9608 3 ปีที่แล้ว

    Your amazing thank you!

  • @BernardHumphreyGaskin
    @BernardHumphreyGaskin 6 ปีที่แล้ว

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

  • @afaqvip
    @afaqvip 6 ปีที่แล้ว +3

    Thanks

  • @manikantaoruganti7022
    @manikantaoruganti7022 6 ปีที่แล้ว

    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

  • @rationalthinker9541
    @rationalthinker9541 5 ปีที่แล้ว +1

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

  • @jewelazad7979
    @jewelazad7979 6 ปีที่แล้ว +1

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

  • @GarvChopra1
    @GarvChopra1 2 ปีที่แล้ว

    very nice - simple but effective

  • @JosueGRuiz
    @JosueGRuiz 6 ปีที่แล้ว

    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!

  • @munendradn6680
    @munendradn6680 2 ปีที่แล้ว

    Very best tips for business well grownup 👏🤝

  • @scholas_creative_space
    @scholas_creative_space 5 ปีที่แล้ว +1

    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?

  • @seiraymond9741
    @seiraymond9741 6 ปีที่แล้ว

    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

  • @hi-nessenglishspeakingcomp7985
    @hi-nessenglishspeakingcomp7985 4 ปีที่แล้ว

    Your 3 amazing ideas are really so beneficial

  • @heather-vs9qe
    @heather-vs9qe 3 ปีที่แล้ว

    Leadership Sales Buying..