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Dan Lok Show

Can Your Business Survive The “Valley Of Death”?

Dan Lok Show

Dan Lok

Entrepreneurship, Careers, Management, Business

4.9825 Ratings

🗓️ 8 July 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

As a business owner, what would it mean to you to know how can your business survive the “valley of death”? It might get you into the exclusive 4% who make it. If you are a business owner listen carefully for profound insights into your business’ future.

Transcript

Click on a timestamp to play from that location

0:00.0

If you are a business owner, what I'm about to share with you, will have a profound impact on your business.

0:21.6

Over the years I have started a lot of businesses.

0:24.6

I failed in a lot of businesses and some worked and some didn't.

0:28.6

And I'm always very fascinated by the question

0:32.6

why some businesses are more successful than others.

0:36.6

How come some businesses could never even break through

0:40.2

that six figure and how come they're businesses

0:43.3

that's worth a billion dollars, the unicorn?

0:46.2

Put aside the entrepreneur, put aside timing,

0:49.1

put aside luck, put aside even skill.

0:52.4

And how could I take some of these findings

0:54.2

and implement it in my own business

0:56.4

and also teach other business owners?

0:59.6

Now, in case you don't know some of the statistics,

1:02.5

in U.S. alone, there are 28 million businesses.

1:06.9

And out of those 28 million businesses,

1:10.7

there's what I call the Valley of Death.

1:13.6

96% of those businesses never surpassed the $1 million mark.

1:21.6

96%.

1:23.6

Only 4% bypassed, surpassed, exceeds that million dollar mark.

1:31.5

And out of those, think about it, 96% don't do that.

1:36.0

That means most businesses don't make it.

...

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