10 Reasons Why Your Small Business Will Fail - and How To Avoid These Tragic Mistakes

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  • เผยแพร่เมื่อ 15 ม.ค. 2025

ความคิดเห็น • 126

  • @D_punkster
    @D_punkster 11 หลายเดือนก่อน +3

    This is gold. Thanks 😊

    • @PhilipVanDusen
      @PhilipVanDusen  10 หลายเดือนก่อน

      @D_punkster, Thanks so much!~ Can you do me a favor as a small thank you? Please share my video with a friend or two! I'm trying to build my subscribers. More to come!

  • @deltahomicide9300
    @deltahomicide9300 ปีที่แล้ว +6

    I have little overhead, no employees and starting to become competitive in the industry. No more excuses. Thank you this video rings true.

  • @therefinedbusinessblueprint
    @therefinedbusinessblueprint ปีที่แล้ว +1

    Spot-on video highlighting the challenges of owning a small business. The stats don't lie, and the insights into common pitfalls are crucial.

  • @katelewis7267
    @katelewis7267 ปีที่แล้ว +2

    I am so glad I found your channel. Your delivery is so clear and for the first time I feel like I now have tangible, attainable focus points to work on my business. I find so many other advice pages over-whelming and intense that I come away feel like a deer in the headlights. Your content is so clearly delivered and in a way that encourages. Thanks Philip :)

  • @labanlefleur1512
    @labanlefleur1512 2 ปีที่แล้ว +12

    This was really informative and came at the perfect time when I want to start focusing on my company on a serious level.

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว +2

      Laban, That's awesome. Glad I could help. Let me know if I can be of any additional help as you launch!

    • @labanlefleur1512
      @labanlefleur1512 2 ปีที่แล้ว

      @@PhilipVanDusen Thank you, I will defnitley give a shoutout if I need further help.

  • @ka-trks837
    @ka-trks837 2 ปีที่แล้ว +3

    Awesome summation Phil. Launching small business and doing it right 101 :)

  • @PhilipHarperGraphicDesign
    @PhilipHarperGraphicDesign ปีที่แล้ว +19

    Kodak actually make high-end digital camera sensors which are bought by other high-end manufacturers. So, they're still going, just less of a b2c model and now b2b. In a way, you could say this is changing direction and innovating.

    • @PhilipVanDusen
      @PhilipVanDusen  ปีที่แล้ว +6

      Thanks Philip! I didn’t know that…I have to say though they were still late to the digital party. They could have totally owned it, IMHO

    • @shueibdahir
      @shueibdahir 5 หลายเดือนก่อน

      @@PhilipVanDusenthey're still successful due to the fact they survived. A lot of companies cannot say that

  • @ayushameshram414
    @ayushameshram414 9 วันที่ผ่านมา

    this is really great video thnakyou for such knowledge

  • @cherrybattung59
    @cherrybattung59 ปีที่แล้ว +4

    I just finally admitted my 7 month old business loss yesterday. I have lots of sleepless night and keep wondering why and where I went wrong. Now I in deep debt and depressed. Sometimes I wish I just d!*

    • @tarquinmckay5104
      @tarquinmckay5104 6 หลายเดือนก่อน +1

      I hope you ok😢❤

    • @richardmichael7659
      @richardmichael7659 2 หลายเดือนก่อน

      You didn't lose. You learned it's high time to go again now with some experience

  • @jessicaj.1011
    @jessicaj.1011 2 ปีที่แล้ว +1

    Lots of info to take in here. Thanks!

  • @robch4414
    @robch4414 ปีที่แล้ว

    Great stuff, thanks. I'd suggest another reason for failure is the inability to realise this is not just about creating a new product or service, but also building a new company, with all the boring housekeeping that involves.

  • @masterarziod
    @masterarziod 2 ปีที่แล้ว +2

    Thank you very much! God bless you! 🙏❤⭐

  • @JohnDoe-fu4qd
    @JohnDoe-fu4qd ปีที่แล้ว +1

    great video. wish I found you sooner. never too late. You explain concepts very clearly.

  • @bakarekemugabekazijoyeuse2877
    @bakarekemugabekazijoyeuse2877 5 หลายเดือนก่อน +1

    I appreciate your recturing

  • @collettlitchard7690
    @collettlitchard7690 2 ปีที่แล้ว +3

    As always, your knowledge and insight is invaluable 🙏 thank you

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว

      Collet! Great to see you here girl! Hope you're having a great summer.

  • @patriciahmuthonimaina1971
    @patriciahmuthonimaina1971 2 ปีที่แล้ว +1

    This is very very informative. Great advice.

  • @aakansharaj3329
    @aakansharaj3329 9 หลายเดือนก่อน

    This is so valuable, I really wish I would have come across this sooner! Really highlights where I need to start focusing in my own business.

  • @juliocargnin
    @juliocargnin 2 ปีที่แล้ว

    That’s a really good summary! Thank you!

  • @FannyDiazIsrael
    @FannyDiazIsrael 2 ปีที่แล้ว +4

    Just in time! Hope soon to be able to hire a branding specialist 🌺

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว +2

      Hey Fanny, I'm ready when you are...😉

  • @marksummers463
    @marksummers463 3 หลายเดือนก่อน

    Another GREAT resource on why businesses fail us a peace titled The Hatchet Man's Playbook - a LOT of eye-popping stuff!

  • @matyaz3558
    @matyaz3558 ปีที่แล้ว

    Thanks!!!

  • @VelvetAnnn
    @VelvetAnnn ปีที่แล้ว +4

    It's insane that literally EVERY mistake you pointed out, are the exact ones that I've been making. You clearly know your shit babe. I just started up a little lipgloss business and I know I know 'Rome wasn't built in a day' but man I cannot seem to reach anyone. I've done my research and follow some of the most successful young women who do AMAZING with their lipgloss business and took all their advice when it comes to promoting on all my social media's. I even just designed my own website. I don't wanna get so discouraged to the point where I throw in the towel bc I finally got out of the dark place I was stuck in for years and I actually found something I enjoy doing. But I'm stuck 😞

    • @balex556
      @balex556 ปีที่แล้ว

      Hey maybe I can help you out with this let me check out your website

    • @yiweilee2715
      @yiweilee2715 ปีที่แล้ว

      How is your business now? I wanted to start a dessert business from home but after listening to this video, I’m wondering if I’ll be able to do it without having much start up capital

    • @billyb4790
      @billyb4790 ปีที่แล้ว

      Don't forget you can follow some of the most successful men, too. No need to pick sides ;)

    • @VelvetAnnn
      @VelvetAnnn ปีที่แล้ว

      @billyb4790 oh God, don't be one of those weirdos who over analyze every single thing that someone says when having a normal conversation/making a statement... making everything about sexism. My god this world is so obnoxious anymore. My goodness, crucified for saying 'ive done my research and some of the most successful young women who do amazing with their lipgloss business and took all their advice when it comes to promoting on all my social medias' 🥱😒

    • @billyb4790
      @billyb4790 ปีที่แล้ว

      @@VelvetAnnn hey suit yourself. You were the one limiting yourself to gender not me 😂

  • @joshkaye5303
    @joshkaye5303 ปีที่แล้ว +1

    And at the same time we ask "what's your 5 year plan?" in other words - things change

  • @dashiajames1882
    @dashiajames1882 2 ปีที่แล้ว +4

    Great stuff to know...!! I'm just starting my business I'm selling clothes but I kinda changed it cuz I think ppl only think I sell clothes. I don't know if it's a good thing or a bad thing. I don't want ppl to think I only sell clothes. Great video..!!

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว +3

      Dashia, Thanks and congrats on people knowing about your business - it's not a bad thing that people know what you do - and try not to confuse them with promoting too many conflicting ideas when you are just starting out. Keep it simple.

    • @balex556
      @balex556 ปีที่แล้ว

      well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

  • @namdagoat
    @namdagoat ปีที่แล้ว +1

    You earned my sub tons of great information here ✅

  • @EpikStudios.official
    @EpikStudios.official 2 ปีที่แล้ว +1

    Great video!

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว

      MasterEpik, Thanks so much!~ Can you do me a favor as a small thank you? Please share my video with a friend or two! I'm trying to build my subscribers. More to come!

  • @michaelmckeary1165
    @michaelmckeary1165 ปีที่แล้ว

    Very Good.

  • @JuliusAnthony
    @JuliusAnthony ปีที่แล้ว

    Amazing tips sir

  • @AlettaFienies
    @AlettaFienies ปีที่แล้ว

    Help to educate the family

  • @corallall
    @corallall 2 ปีที่แล้ว +4

    Philip,where does the name Verhaal originate from? Tell us yr story!

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว +4

      Adrian! Good question. Here's a bit from my website describing it: "Verhaal means 'story' in Dutch. We chose the word “story” because we believe having an authentic story is a cornerstone of all successful brands and ours is no exception. Our founder Philip’s dutch ancestor, Abraham Pieterszen VanDusen, arrived in “The New World” in 1627 and was one of the first hundred settlers of “Manatus”, the island that became Manhattan. Abraham owned two mills, a tavern and served on the “Council of Twelve” one of the first governing bodies in New Amsterdam (what NYC was called before it became NYC!). So you could say our history of entrepreneurship and commerce in this country is as authentic as it gets.The establishment of Verhaal Brand Design is a celebration of this story and the unfettered passion and curiosity with which we approach our work and your brand."

    • @corallall
      @corallall 2 ปีที่แล้ว +3

      @@PhilipVanDusen Wow! What a rich historical heritage revealed! Indeed, your surname is of Dutch origin.

  • @zhouyongming4151
    @zhouyongming4151 ปีที่แล้ว +1

    great video

  • @dynamics9000
    @dynamics9000 2 ปีที่แล้ว +1

    I love your contents and wonderful shared sir.... subbed and liked , a fellow creator

  • @Toshibaclovis
    @Toshibaclovis 3 หลายเดือนก่อน +1

    This video is not helpful for a long-term employee that is getting shit upon by his employer. After 25 years nothing like being told I can't afford to give you a $2.00 raise and health care benefits it's just not in the budget. My boss gets state funding. Sorry that happened yesterday and I'm just venting.

  • @akaffouni
    @akaffouni 2 ปีที่แล้ว +2

    Gold

    • @PhilipVanDusen
      @PhilipVanDusen  2 ปีที่แล้ว +2

      Hey Abdulkarim! Thanks so much for checking out my video! I appreciate you taking the time to leave a comment. Keep tuning in!

  • @Redspytotallynotinthebase
    @Redspytotallynotinthebase 7 หลายเดือนก่อน

    I’m looking to start a museum, no museum within 100 miles of me, well over 150,000 people within 40 miles of me

  • @ManuManu-kv7xn
    @ManuManu-kv7xn 6 หลายเดือนก่อน +1

    Please explain about income tax strategies of small business owner

    • @PhilipVanDusen
      @PhilipVanDusen  5 หลายเดือนก่อน

      I’m not an accountant- and doing that would be irresponsible. I leave taxes to the experts.

  • @muhammadelmasry7932
    @muhammadelmasry7932 6 หลายเดือนก่อน

    I tried and I failed , it fail because the cash flow was so small

  • @philnorling
    @philnorling 2 ปีที่แล้ว +2

    Did I just earn an MBA?

  • @williamrogers4917
    @williamrogers4917 ปีที่แล้ว +3

    Did not learn anything new. It is like all the other, telling you things you need to do but never how to do them. And so you are off through a maze of info trying to figure out where you need to go to find the info you need but never finding it because of all the other list like this.

  • @SnowEclipse-official
    @SnowEclipse-official 3 หลายเดือนก่อน

    1:00

  • @masterarziod
    @masterarziod 2 ปีที่แล้ว +1

    🙏❤⭐👌👌👌👏👏👏👏👏👏👏

  • @Felicia-pk3oz
    @Felicia-pk3oz ปีที่แล้ว +1

    Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

    • @YemilaJosh
      @YemilaJosh ปีที่แล้ว

      You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

    • @HindaErnest
      @HindaErnest ปีที่แล้ว

      I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

    • @LinterBlinse
      @LinterBlinse ปีที่แล้ว

      yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

    • @Rosalind-fk2yh
      @Rosalind-fk2yh ปีที่แล้ว

      Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

    • @Sapphire-ly5ci
      @Sapphire-ly5ci ปีที่แล้ว

      ​@@Rosalind-fk2yhObviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as sativa_hannah

  • @SnowEclipse-official
    @SnowEclipse-official 3 หลายเดือนก่อน

    0:1

  • @Eldahkrab
    @Eldahkrab ปีที่แล้ว

    This Is true ahahaha.

  • @lemlemdema567
    @lemlemdema567 ปีที่แล้ว

    DR T YOU.

  • @HADIPlayzpiano
    @HADIPlayzpiano ปีที่แล้ว

    boooo

  • @عليأحمد-و7ع7د
    @عليأحمد-و7ع7د ปีที่แล้ว

    I invite you to Islam

  • @ricardopires2897
    @ricardopires2897 หลายเดือนก่อน

    1 - Cash flow
    2- Not understanding the customer´s problem
    3- Don´t analyze competition
    4- You thing a good product or service is enough
    5- You don´t create a brand, you create a company
    6- You don´t think you have to change or innovate
    7- Inside the business is as important as outside the business
    8-