I've had many business failures over the years. Some have resulted in millions of dollars lost,

lawsuits, bad press. You name it, I have failed at it. And even my most successful businesses

have come very close to failing. And so if you are in that position right now, your business is

headed in the wrong direction, you might be at the brink of failure. I'm going to show you

how you can turn it around and what steps you need to take

right now today. First off, let's define what failure actually is because failure is a relative

term for different people. For example, if somebody is just starting out in business,

failure to them could be not selling a client. Man, they just never really got it off the ground.

For another person,

they could be in business for years and it's just not growing or now it's starting to lose money

and they don't really know what to do. They could be headed for bankruptcy. They could be headed

for shutting down the business and therefore it's now on the brink of failing. For others,

they might have not made money for years, but they're having success. You see this

with startups and tech companies where they know they're not going to be profitable. It's built

into the business model for years, and that's why they've raised capital, knowing that,

eventually getting market share and being worth, you know, many, many millions of dollars.

And then lastly, you've got people who might consider a business

a failure that's been very successful, but now is no longer growing. It could be very profitable

for a long period of time, but it's just no longer worth the time and energy to continue on

in that business. I can tell you, I've had mixes of all those different businesses in my

career. For this video specifically,

I want to address the business that has been going for a while, but is now on the brink of failure.

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