What To Do When Your Business Is Failing
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- čas přidán 14. 10. 2018
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What do you do when your business is failing? In this video, Dan Lok reveals his secrets to save a failing business. He's failed many, many businesses and now he's started many successful businesses. You'll discover 3 powerful ideas and what to focus on to save a failing business. Watch this video to discover what to do when your business is failing.
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This video is about What To Do When Your Business Is Failing
• What To Do When Your B...
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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.
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.
How to gather capital for a business??
Best books on investments
Not enough people respect the importance of being a great salesperson!.
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.
oops that's good sign, may be i can be a millionaire soon. But practically i am failing more than times i win.
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
@@freefiretrainer8638 me too!
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.
Ariel Luria this is very importante . Thanks for sharing .
This are the things i need to learn to communicate with the creditors.
Powerful Lessons Leraned Sifu.
1. Focus on Cutting Expenses
2. Focus on sale
3. Focus on learning
Thank you
Powerful . "It's not the thing, it's the thing that sells the thing." Thank you Dan, you're awesome.
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
The thing that sells the thing 🔥
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
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!
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
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.
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.
What I see here is work yourself up to become the right person, waiting for the right time and be at the right place
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
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
I am learning the most from you then any other entrepreneur, I am blessed I found you
Dan's channel is crushing it!
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!
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
Congratulations on hitting 800K. You have inspired me and altered the way I think. Cannot wait for the future. #watchthisspace
Thank you Michal.
this content is absolutely insane 11/10 can't thank Dan enough for creating this
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!
You're simply reading my mind, Dan. Thanks for the video.
Excellent information! Thanks for sharing.
I learned that the first step of business is to improve my high incomes skills, before diving into the deep end.
Thank for sharing those with us Sifu. God bless you, your family and your great team. George from Greece.
I ALREADY HAD 3 BUSINESS ON VERGE OF CLOSING.
Thanks dan!!! 😊
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...
I love it, straight to the point, I think my problem is lack of focus and maintaining a set path.
Your teachings have helped me work on my weaknesses as a person and a CEO
Thank you very much Dan Lok.
I really needed this.thank you
My mentor!! Being watching your videos and it has really changed my mentality, and I really needed this video for my business
Nice one Bro. You hit the nail on the head.
Another outstanding video Dan! Thank you very much.
This changed my life. Thanks Dan
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.
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.
"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.
57th view. Earliest for me. Love the content, very informative. It also keeps me thinking straight. Thank you for the constant updates and content!
Wow, sifu. Powerful lessons from this content piece!
Brief but gold, you're a great mentor Dan Lok.
LOL.. yep he managed to fool people like you, indeed is gold.
Your business is a direct reflection of you. When you grow my business grows.
The best advices. You are my mentor from far away. Thank you, Dan.
Knowledge is power.Thanks for all these pearls of wisdom from your past experiences👍
Watched from beginning to end, Like and Subscribed.
Thanks for telling
Thanks for this video.
I like the honesty in Dan.
Very helpful thank you
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 :)
Learning new things from every video. Thank you Dan.
You are speaking to me and hurting my feelings. I needed to hear this and thank you!!
*THANKS*
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....
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.
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”.
Video motivated me when I needed it
Thank you so much
Your amazing thank you!
With that writing for your third point, you should be called the doctor of high ticket sales
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.
Thanks dan
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.
I really like your videos ... they certainly help me focus on the main thing
Thanks
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
This guy is king when I need answers for something. :)
Thank you sir for your very valuable advice 🙏
you have helped me a lot now, I need this to grow up my business
Your 3 amazing ideas are really so beneficial
thanks for this tomorrow i will focus on being the best sales man for my business
Nice one Dan
The way he make people's understand is just mind-blowing ❤️
Thank you sir
Great video sir
Great Video bro
From your failures ,I will learn to succeed ,thank you
Thanks a lot
Excellent
Thanks Dan. I love those framed pictures in the back, who are they by?
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.
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.
my business is failing right now, i’m only 18 i have a lot of things to know
very nice - simple but effective
nice i learn more about business thank you
bravo!
iam respecting you,because your not wasting free time,and sharing valuable information to humanity
Hi sifu, thanks for teaching us. However I have a question " how would you best market a service?"
Thanks
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!
Hi Dan ,how can you make a video on how you manage you time (I.e relationship, business,family and expenses
Congrats in advance towards reaching the 1Million subscriber mark
Impressive VIDEO :)
Good entrepreneur and also best advices.
It's good to know that you didn't need a good handwriting to be successful
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.
looking mighty sharp today sir
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
Boo...god bless you...😇tan you...mister Dan
Very best tips for business well grownup 👏🤝
Thanks sifu
"Focus on sales"
"What do I mean by that..."
"...produce sales"
wow, thanks! problem solved.
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?