3 Reasons Why Most Entrepreneurs Fail
Dan Lok Show
Dan Lok
4.9 • 825 Ratings
🗓️ 4 October 2019
⏱️ 11 minutes
🧾️ Download transcript
Summary
Becoming an entrepreneur is now one of the mainstream paths for many people, but they’re not aware of the pitfalls that cause most entrepreneurs to fail. That’s why Dan decided to share the 3 reasons why most entrepreneurs fail to make it in business, and what’s the best solution to prevent business failure.
Transcript
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| 0:00.0 | I want to share with you three reasons why most entrepreneurs fail. |
| 0:05.0 | Hi, this is Dan Lockett. |
| 0:13.0 | Welcome. |
| 0:15.0 | Dan has been educating and inspiring individuals, entrepreneurs and leaders for decades. |
| 0:23.6 | He's helped millions of people to move past the mental barriers that were holding them back from stepping into their power to become a better version of themselves and live a kick-ass life. I know this firsthand as I'm Jenny |
| 0:41.1 | Dan's wife. And here's your host, Dan Locke. Becoming an entrepreneur is now one of the |
| 0:50.4 | mainstream paths for many people, but they're not aware of the pitfalls that cause |
| 0:55.1 | most entrepreneurs to fail. That's why Dan decided to share the three reasons why most |
| 1:00.4 | entrepreneurs fail to make it in business. And what's the best solution to prevent business failure? |
| 1:06.9 | One of the hardest parts of entrepreneurship is knowing where to get started. |
| 1:12.8 | Everyone tells you, go ahead and start that business, |
| 1:16.2 | or invest in some imaginary coin, |
| 1:19.7 | or stop that Shopify store in 15 minutes |
| 1:24.0 | and it doesn't cost you anything. |
| 1:26.2 | Well, here's what they don't tell you. |
| 1:28.3 | Inventory costs us money. |
| 1:30.3 | Or maybe it's some digital marketing opportunities |
| 1:34.3 | or some consulting opportunities that you could get clients overnight |
| 1:38.3 | even though you have no experience and no credibility. |
| 1:43.3 | Or maybe you have an idea, you have a great idea, |
| 1:46.2 | but you don't know how to get started. |
| 1:48.4 | So to give you some clarity, I wanna share with you |
... |
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