The Single Biggest Reason Why Startups Fail

What is the single biggest reason why startups fail? Most people think you need to know how to build a massive business... that you need to have a great team... that you have to have business experience and know how to make money online. While those are important, they are not why startups fail. So what is the single biggest reason why startups fail? Watch this video and find out.

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This video is about The Single Biggest Reason Why Startups Fail

[DanLok]

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If this is your first time watching my video,
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And if you’ve been watching my videos
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takeaway from this video.

[alexspatariu]

Dan Lok is hands down the best out there! 🙏 Because of Dan, I got out of my comfort zone and started by own e-commerce store 8 months ago. Right now, my store is currently profiting 5 figures a month. Not only did Dan’s advice help me start my e-commerce store, but he motivated me to start my own YouTube channel! I’m now posting my e-commerce journey on YouTube and it’s only going up from here!

[BookLaunchers]

I love this "if your friends tell you it's a great idea - it's a sh*tty idea. If they say 'where can I buy that?' it's a great idea.'

[chadcybercock]

I just adore how every single video you produce is linked to the previous ones. In this one, you are talking about the offer, something your did in the copyrighting formula in part one. This makes people relate to your previous work and is absolutely fantastic! Keep up the great content!

[JM-kxsl]

This is one of the most cinematic and aesthetically pleasing video you’ve posted, Dan. Great work

[chadelliottfahlman]

I learned this the hard way. Spent 2 years developing a mobile action game for the visually impaired.

People looked at me with awe. They thought I was so smart when I told them the idea.

Yet it did not make my FU money.

Were I to do it again, I would crowdfund the product or upload a small version to the internet and test demand.

[susshee]

I love this video, the way you simplistically explain what and why accompanied by the calmness that both is found in the way you spoke, and the garden or temple behind you created sucha nice aura, this video taught me something very important, thank you sifu.

[hasrulwayne]

"Don't focus on your product, focus on the marketplace. Always the market comes first, your product and your service comes second."

[MrSarosk]

"I am not talking about what you think they want, but 'what they actually want'"!

[kareemt]

This is the first time ever I comment on a video but your words are 100% correct, there's an old Egyptian quote that says "The decency of the market is better than the decency of the product" I work for Mercedes Benz & I see it every day its all about how satisfied & needy the market is even with the best brand in the world. Great video Dan keep the good work up!

[pokaemon]

Hey Dan You always motivate me and I am 18 years old planning to do a business but it will take some time to collect money for it and plan it properly but I will take your advice and will show you my business at that time I am saving money for you too Hope to see you soon 🤗

[angeldavidpalmahenao]

I love this video. the concept, the location, the information, everything is perfect! congrats Dan Lok you are killing it as always!! my best mentor!!

[AJ-lvex]

Key takeaways:
> Choose a hungry market for what you sell.
> Don’t fall in love with your product, instead fall in love with your customers and clients 
> What’s your irresistible offer?
> Remember: People vote with their wallets
> You don’t have a business until someone is willing to pay you/ buy from you

Don’t focus on your product, focus on the marketplace.
Thanks, Sifu!

[wingchung]

Thank you Si-fu for reminding it to us. Really nice different relaxing video. George from Greece.

[ericvondumb]

Nailed it! I've always found it amazing to watch a business fail and then the same business opens up, under a new owner, and it fails. Watching another business starting to open up. Same location, same business. This is business number five, in three years. Guaranteed to fail, just plain sad. THX for you insight!!!

[arielluria]

I'm going to share these vids on my whatsapp contacts..they need to rethink how they do business.

[howardchung]

I got my licensing to begin operating my business last week. I am 27 and this is my first business, I also currently attend University as a Junior after having dropped out for over 4 years. Your videos have awoken me to a truth that I can sell things that give more value then I receive monetarily and I feel like I would hope to strive with this mentality as I progress. Even just a few weeks after watching your videos I feel more structured in my planning for business and hope that structure translates to prosperity. I hope to find wealth in a way that gives more to this world then I receive. Thank you Mr. Lok.

[evbenterprisethemotivation]

Great video Dan - Thanks for sharing 😀

[RobYu]

“People vote with their wallets”.

Really enjoyed this reminder, thanks Sifu Dan!

Being someone who loves sharing things with friends, I used to just share indiscriminately without looking for interest level, then I’d be disappointed when they didn’t share the same excitement.

Nowadays I understand I can TEST for interest so that when I DO share, my friends care more.

[pfhantomgamr]

The best advantage, to me, would be a Marketing strategy