The Single Biggest Reason Why Startups Fail

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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
• The Single Biggest Rea...

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6 ноя 2018

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Комментарии : 200

@DanLok 5 лет назад

If you like this video give it a thumbs up and subscribe so I know to make more videos like this one. If this is your first time watching my video, comment below and tell us about yourself. And if you’ve been watching my videos for some time now, comment your biggest takeaway from this video.

@dylantpage 5 лет назад

Dan Lok This format was phenomenal Dan. It felt sincere and that sincerity helped me absorb the information better. Huge props brother, you’ve got something special here! :)

@kunal10615 5 лет назад

Your videos teaches us alot just make it exciting sir

@SuperpiggGaming 5 лет назад

Such a wise incredible inspiring man ❤️

@iamcheck.thisout 5 лет назад

Thank you so much for opening up my eyes and ears again and again :)

@ishaankhuranagoc1518 5 лет назад

I want experience.

@BookLaunchers 5 лет назад

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.'

@alexspatariu1972 5 лет назад

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 RU-vid channel! I’m now posting my e-commerce journey on RU-vid and it’s only going up from here!

@yugen4k91 5 лет назад

Alex Spatariu bro I started my ecom store and it's already 5th month and not making sales..what u did to get sales?

@DanLok 5 лет назад

Keep up the excellent work.

@GowdiVi 5 лет назад

Wow man congrats

@robertadrian3310 5 лет назад

Ce faci mai exact?

@Posimistic 5 лет назад

Hey what's up Alex!

@chadelliottfahlman 5 лет назад

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.

@hasrulwayne 5 лет назад

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

@chadcybercock3915 5 лет назад

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!

@MrSarosk 5 лет назад

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

@JM-kx6sl 5 лет назад

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

@ericvondumb2838 5 лет назад

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!!!

@susshee107 5 лет назад

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.

@angeldavidpalmahenao362 5 лет назад

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

@kareemt5410 5 лет назад

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!

@howardchung905 5 лет назад

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.

@octoartairbrushandy1458 5 лет назад

I have being doing the business sense i was 19 . now i am 31 . This Video made me question if i do have that Hungry Market , Thank you Dan , i wish i had the money to book my flight and come to you for a day with Dan. But for now i got your Book F.U. Money and i am reading it over and over ! :)

@arielluria3975 5 лет назад

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

@pokaemon4153 5 лет назад

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 🤗

@RobYu 5 лет назад

“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.

@wingchung1975 5 лет назад

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

@Krishnaeternal 5 лет назад

A really well-shot video. Very scenic!

@amaantalha1036 5 лет назад

Recently my startup failed and i can relate to each and every single word in this video, very rightly said, market comes first, product comes second, thanks sir...

@evbenterprisethemotivation8073 5 лет назад

Great video Dan - Thanks for sharing 😀

@glitchingcore 5 лет назад

Thanks for the video!

@xuongluu182 5 лет назад

Every single time i got stuck for a bit of time, Sifu just publish a video to answer what I want ti know. Thank you Sifu. "Focus on the market"

@iamcheck.thisout 5 лет назад

The word "hungry market" is stuck in my mind now, thx for introducing this to us. This time is much more obvious!

@amiraref6073 5 лет назад

Dan This Kind Of Video Is So Outstanding. I love the way you filmed🔥

@omnicron245 5 лет назад

This is an excellent video. Thank you Sifu

@raves6088 5 лет назад

You're the fucking best man, I see your titles and I like .

@djsano23 5 лет назад

Love the video and content Dan. Impressive video and quality! I appreciate what you do Dan. I have learn a lot from you. Keep it up!

@oakhillhouseaustraliabridg4600 5 лет назад

Hi Dan Nice tone to this one. And on point message. Enjoy Kyoto. G

@stormbrewer1169 5 лет назад

If I could have one advantage in business: I would choose a hungry market as well. I can think of a hundred advantages I would love to have magically delivered to me, but none are worth anything without a hungry market. Thank you for another great video Dan Lok, you still film and publish while you're abroad, very remarkable, and very appreciated.

@malvernkupex6765 5 лет назад

Dan Lok.Thank you for the daily inspiration

@cathodion 5 лет назад

This was a good one! Practical advice to keep people focussed on what differentiates a business from a hobby.

@sirburn2249 5 лет назад

Dan, another great video of inspiring words and I formation. I can use. I have about a dozen Inventions and I told myself I know 3 of these has great potential to have success. Doesn't matter how much I think it's a great idea I must know if people want my product. Thanks you for the honest wisdom and truth Dan. Much respect for sharing your knowledge.

@ashleymackenzie7209 5 лет назад

I think this advice is priceless, thank you Dan!

@suza7383 5 лет назад

I just needed this dose of a really potent thought

@ahmedalthaf2028 5 лет назад

Kind of Market is first product and services comes second. Thanks a lot Sifu!

@hleet 5 лет назад

simple, short, impact, good, more video like that please

@faithnwaobia9980 Год назад

Thank you kindly Dan.

@oliverngamaleu850 5 лет назад

Always good giving value, Law of value. I very proud to have you as mentor.

@williamwatersiiimba2333 5 лет назад

Your videos and insights are amazing! I always take notes and try to put your strategies to work. To focus on the market is so simple but also so overlooked as you mentioned. But this was like an aha moment for me. If they don't take the bait, pivot and reevaluate!

@leonardogoncalves.oficial 5 лет назад

Thank you Dan.

@idragonidragon2796 5 лет назад

You blew me out of the water when you said “ A hungry market “. No matter how good my product is, if there are no buyers, item means it shit. Why don’t they teach these philosophies in school man.

@ms.finelady4014 5 лет назад

I aggree, I've been testing products on marketplace and it seems effective😇. I hope I'll pull this off, my first start---having customers with no tangible products yet. Thanks Dan lok, I learned a lot from you.😇

@yerchifoods8146 5 лет назад

Hey Dan that k you for your knowledgeable idea and videos .it means a ton for me a Kickstarter in medical value travel company...am feeling tough to carry this forward ..so in my bait is only marketing and am sure we are doing this .

@rajendrasinghrathore6885 5 лет назад

Dan, you are the Best. You're someone I can look up to.

@RobinHunuki 5 лет назад

So much truth!! 💯

@grantb9042 5 лет назад

Thats a tough one. Would love all three. Best Team

@arianrahman4840 5 лет назад

best team , with a team you are comfortable with , all the others are achievable with ease

@jasonhall756 5 лет назад

Great content and thats so true.... I always test first then modify later

@UnwrappingByMimiKoteng 5 лет назад

Amazing advice Dan!

@khuramzahid 5 лет назад

Sifu, you've done it again.

@R_Thomp Год назад

On point!

@abuzahid948 5 лет назад

I was thinking the same I was thinking about the best market and became happy when u told hungry market.

@FitnessartistTraining 5 лет назад

Exactly the point. We should be adjusting to what the needs of the people are. We are doing good service this was by being considerate and personal with their needs. In that sense, we can earn as we give good service.

@socarandy 5 лет назад

Dan you are the flipping best

@802reptiles4 5 лет назад

Great video.

@jeffreyhuang3814 5 лет назад

I would choose to have the ability to take complicated matters and simplify it to its core.

@PracticalInspiration 5 лет назад

Really informative video that's got excellent points. Loved watching this

@AJ-lv9ex 5 лет назад

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!

@notavalible8212 5 лет назад

Beautifully edited video!

@pfhantomgamr1964 5 лет назад

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

@RealPaulKearney 5 лет назад

The one advantage I'd want to have is you sifu as my business coach and consultant, because you have sooo much experience. You would help me with much more than just targeting my hungry market.

@joro142 5 лет назад

Love the short videos!

@themadgamerott753 5 лет назад

Thank you dan

@jumokeolanipekun8600 Год назад

I would like the perfect timing!

@funguy83 5 лет назад

Amazing! Simply Amazing!

@dasabucha 5 лет назад

Is amazing correctly, thank you very much!

@TheGymromeShow 5 лет назад

This quality of this video is crazy

@andrasvarga8614 5 лет назад

If i could choose one person from the whole world to be my mentor, it would be Dan.

@advaitpathak3996 5 лет назад

Dan Sir, you broke my fream, thank you so much. Plzz video about, exiqution & implementation.

@sebastianteixeira2290 5 лет назад

My role model and I'm sure to many others and in many other ways even peoples hero I'm 16 and I want to be just like you much love from South Africa♥️♥️♥️♥️♥️

@promisepromise4250 5 лет назад

All I need is more knowledge about pricing the market and how to offer the best service/good at a low price while offering the best quality

@nnamanijohnbosco3464 4 года назад

Perfect timing

@James-vx3cx 5 лет назад

This is good info all of his videos had helped me and the book f.u money is great

@stateviewcapital667 5 лет назад

Well said

@arminhamzic7136 5 лет назад

Dan can you please tell us something about how to research marketplace? Thank you.

@michaelchen7923 5 лет назад

Dan it’s Michael here, and I just wanted to let you know Sifu. I watch ur content almost everyday, and try to put myself out there to work hard and try to achieve what I want in life. As, a 17 years-old I’ve been working at McDonald’s for 2 years, and I can’t find opportunities to take a bigger leap to the next level. So Sifu could you make a video on how teenagers or young people who wants to succeed can start closing at an young age? Like what can I do to start closing at a young age, and what are the opportunities out there for us young people to take ourself’s to the next level, and start earning some real income for my family. Thank You- Michael Chen

@radityasanjaya6593 5 лет назад

But the consumer sometimes don't know what they need it until they saw it, you can follow the market or you can create a market of your products

@Sealife__ 5 лет назад

Sir please make a video on how to get most out of the workers. How to make company more efficient? Thanks

@misonnayak6265 5 лет назад

nice jacket dan.....u r brilliant as well

@MubeenKhan-dz3lw 5 лет назад

I LOVE YOU DAN! ❤️❤️❤️❤️❤️❤️

@aronchoi6836 5 лет назад

My biggest takeaway is to choose a market that is hungry for what you offer. When I think of what it means to be truly hungry, there are few objections and mental BS that get in the way of satisfying that hunger. People will pay and do virtually anything to solve that problem.

@Lander12 5 лет назад

Dan Lok is basically the opposite of click bait.

@SharifSourour 5 лет назад

So funny, I was thinking the exact same thing today.

@Ahem2002 5 лет назад

People who create like engineers loves the details. But when they buy something they won't ask for details before they open their wallet, but somehow when they are in building mode they get too bulked down with the details.

@OpenPhoenix 5 лет назад

Tough call but I would say perfect timing

@MotiveVideoBook 5 лет назад

"People vote with their wallet." "Your market comes first , your product and service comes second" Thank you for the eye-opening tip!

@ParametricHouse 5 лет назад

Great great👍🙏

@NireshaFalls 5 лет назад

What's your opinion on a catering business. Corporate lunch and breakfast delivery service.

@hassemsadiq 5 лет назад

So look into the market and see what people are hungry for offer that service which isnt easy

@insidethebook3601 5 лет назад

Working on a jewelry company in the demi-fine category with a unique e-commerce/ mobile platform , essentially a new way to shop for jewelry. Didn't go into much detail but what is the best way to validate ideas with products like this? Would love to hear anyone's experience.

@tch908 5 лет назад

Sifu do you have any videos on how to start a Sole Proprietorship business if so could I please have the link

@AceKinG2024 5 лет назад

Hi Dan, at 39 is it late to achieve my dreams? I have tons of skills but I keep sabotaging myself, weird! Probably the setbacks I had started defining me.

@iamcheck.thisout 5 лет назад

need more contents on start up business