Avoid the “Holiplagues” | One Reason 96% of Business Fail (Recorded on the Wednesday Before the Wednesday Before Thanksgiving 2017)
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 25 November 2019
⏱️ 14 minutes
🧾️ Download transcript
Summary
Increased holiday spending combined with increased days off is a major reason that many small business owners suffer the “holi-plagues” while large businesses benefit from the “holidays” and overall sales BOOM that comes with increased holiday spending.
Transcript
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| 0:00.0 | Over eating and deadlines forgotten making excuses why your business does rotten |
| 0:07.6 | because nobody else cares about how small your bank accounts gotten more time off, we'll only make more problems. |
| 0:15.0 | The Hall of Plains will kill us all. |
| 0:19.0 | We take off the Wednesday before the Wednesday before |
| 0:22.0 | before... Thanksgiving. The Wednesday before the Wednesday before. Thanksgiving. |
| 0:25.0 | Although it's not legal to text and drive, |
| 0:28.0 | to our knowledge there are no laws against broadcasting while driving. |
| 0:32.0 | Here's yet another edition of The Hummer of Love |
| 0:35.2 | on the Wednesday before the |
| 0:49.1 | Wednesday before the Wednesday before Thanksgiving 2017 so right now we got the it's the Wednesday before the |
| 0:56.5 | Wednesday before Thanksgiving. So you know Thanksgiving falls on a |
| 0:59.0 | Thursday and the day before thanks before the Thanksgiving Thursday is always a Wednesday. |
| 1:03.8 | I'm talking about the Wednesday before the Wednesday before |
| 1:07.5 | before Thanksgiving to talk about something I call the hollow plagues. |
| 1:17.4 | Now the hollow plagues are a time of the year where small business owners start acting like employees and start having financial problems as their income goes down while their life spending |
| 1:30.0 | habits go up. |
| 1:32.0 | You see the rest of the world who are employees they typically |
| 1:34.7 | spend more money during the holidays. They buy Christmas gifts and food for |
| 1:38.8 | Thanksgiving, they travel, that kind of thing. However, they have jobs, they work at a business, right? |
| 1:45.0 | And so they're not impacted too much by the fact that they're spending more during the |
| 1:49.7 | holidays than other times of the year because they're actually spending more but they're |
| 1:54.0 | making the same income maybe they're on a salary or they have a consistency of an |
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