10 Reasons Why Your Small Business Will Fail - and How To Avoid These Tragic Mistakes

[@deltahomicide9300]

I have little overhead, no employees and starting to become competitive in the industry. No more excuses. Thank you this video rings true.

[@D_punkster]

This is gold. Thanks 😊

[@PhilipVanDusen]

@D_punkster, Thanks so much!~ Can you do me a favor as a small thank you? Please share my video with a friend or two! I'm trying to build my subscribers. More to come!

[@therefinedbusinessblueprint]

Spot-on video highlighting the challenges of owning a small business. The stats don't lie, and the insights into common pitfalls are crucial.

[@katelewis7267]

I am so glad I found your channel. Your delivery is so clear and for the first time I feel like I now have tangible, attainable focus points to work on my business. I find so many other advice pages over-whelming and intense that I come away feel like a deer in the headlights. Your content is so clearly delivered and in a way that encourages. Thanks Philip :)

[@labanlefleur1512]

This was really informative and came at the perfect time when I want to start focusing on my company on a serious level.

[@PhilipVanDusen]

Laban, That's awesome. Glad I could help. Let me know if I can be of any additional help as you launch!

[@labanlefleur1512]

@@PhilipVanDusen Thank you, I will defnitley give a shoutout if I need further help.

[@ka-trks837]

Awesome summation Phil. Launching small business and doing it right 101 :)

[@masterarziod]

Thank you very much! God bless you! 🙏❤⭐

[@PhilipVanDusen]

Thanks Creatika!

[@JohnDoe-fu4qd]

great video. wish I found you sooner. never too late. You explain concepts very clearly.

[@PhilipHarperGraphicDesign]

Kodak actually make high-end digital camera sensors which are bought by other high-end manufacturers. So, they're still going, just less of a b2c model and now b2b. In a way, you could say this is changing direction and innovating.

[@PhilipVanDusen]

Thanks Philip! I didn’t know that…I have to say though they were still late to the digital party. They could have totally owned it, IMHO

[@shueibdahir]

@@PhilipVanDusenthey're still successful due to the fact they survived. A lot of companies cannot say that

[@collettlitchard7690]

As always, your knowledge and insight is invaluable 🙏 thank you

[@PhilipVanDusen]

Collet! Great to see you here girl! Hope you're having a great summer.

[@FannyDiazIsrael]

Just in time! Hope soon to be able to hire a branding specialist 🌺

[@PhilipVanDusen]

Hey Fanny, I'm ready when you are...😉

[@robch4414]

Great stuff, thanks. I'd suggest another reason for failure is the inability to realise this is not just about creating a new product or service, but also building a new company, with all the boring housekeeping that involves.

[@aakansharaj3329]

This is so valuable, I really wish I would have come across this sooner! Really highlights where I need to start focusing in my own business.

[@jessicaj.1011]

Lots of info to take in here. Thanks!

[@dashiajames1882]

Great stuff to know...!! I'm just starting my business I'm selling clothes but I kinda changed it cuz I think ppl only think I sell clothes. I don't know if it's a good thing or a bad thing. I don't want ppl to think I only sell clothes. Great video..!!

[@PhilipVanDusen]

Dashia, Thanks and congrats on people knowing about your business - it's not a bad thing that people know what you do - and try not to confuse them with promoting too many conflicting ideas when you are just starting out. Keep it simple.

[@balex556]

well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services

[@cherrybattung59]

I just finally admitted my 7 month old business loss yesterday. I have lots of sleepless night and keep wondering why and where I went wrong. Now I in deep debt and depressed. Sometimes I wish I just d!*

[@tarquinmckay5104]

I hope you ok😢❤

[@richardmichael7659]

You didn't lose. You learned it's high time to go again now with some experience

[@marksummers463]

Another GREAT resource on why businesses fail us a peace titled The Hatchet Man's Playbook - a LOT of eye-popping stuff!

[@bakarekemugabekazijoyeuse2877]

I appreciate your recturing

[@VelvetAnnn]

It's insane that literally EVERY mistake you pointed out, are the exact ones that I've been making. You clearly know your shit babe. I just started up a little lipgloss business and I know I know 'Rome wasn't built in a day' but man I cannot seem to reach anyone. I've done my research and follow some of the most successful young women who do AMAZING with their lipgloss business and took all their advice when it comes to promoting on all my social media's. I even just designed my own website. I don't wanna get so discouraged to the point where I throw in the towel bc I finally got out of the dark place I was stuck in for years and I actually found something I enjoy doing. But I'm stuck 😞

[@balex556]

Hey maybe I can help you out with this let me check out your website

[@yiweilee2715]

How is your business now? I wanted to start a dessert business from home but after listening to this video, I’m wondering if I’ll be able to do it without having much start up capital

[@billyb4790]

Don't forget you can follow some of the most successful men, too. No need to pick sides ;)

[@VelvetAnnn]

@billyb4790 oh God, don't be one of those weirdos who over analyze every single thing that someone says when having a normal conversation/making a statement... making everything about sexism. My god this world is so obnoxious anymore. My goodness, crucified for saying 'ive done my research and some of the most successful young women who do amazing with their lipgloss business and took all their advice when it comes to promoting on all my social medias' 🥱😒

[@billyb4790]

@@VelvetAnnn hey suit yourself. You were the one limiting yourself to gender not me 😂

[@patriciahmuthonimaina1971]

This is very very informative. Great advice.

[@corallall]

Philip,where does the name Verhaal originate from? Tell us yr story!

[@PhilipVanDusen]

Adrian! Good question. Here's a bit from my website describing it: "Verhaal means 'story' in Dutch. We chose the word “story” because we believe having an authentic story is a cornerstone of all successful brands and ours is no exception. Our founder Philip’s dutch ancestor, Abraham Pieterszen VanDusen, arrived in “The New World” in 1627 and was one of the first hundred settlers of “Manatus”, the island that became Manhattan. Abraham owned two mills, a tavern and served on the “Council of Twelve” one of the first governing bodies in New Amsterdam (what NYC was called before it became NYC!). So you could say our history of entrepreneurship and commerce in this country is as authentic as it gets.The establishment of Verhaal Brand Design is a celebration of this story and the unfettered passion and curiosity with which we approach our work and your brand."

[@corallall]

@@PhilipVanDusen Wow! What a rich historical heritage revealed! Indeed, your surname is of Dutch origin.

[@juliocargnin]

That’s a really good summary! Thank you!

[@ManuManu-kv7xn]

Please explain about income tax strategies of small business owner

[@PhilipVanDusen]

I’m not an accountant- and doing that would be irresponsible. I leave taxes to the experts.

[@matyaz3558]

Thanks!!!

[@namdagoat]

You earned my sub tons of great information here ✅

[@PhilipVanDusen]

Welcome aboard!

[@NewfieAsianKid]

I like to cook 🍳 and want to start a food business someday, but I am intimidated since it will most likely fail. There was one that recently got closed, and it just opened 6 months ago. And not only that, I live here in Toronto and the rent is highly expensive too.

[@AlettaFienies]

Help to educate the family

[@EpikStudios.official]

Great video!

[@PhilipVanDusen]

MasterEpik, Thanks so much!~ Can you do me a favor as a small thank you? Please share my video with a friend or two! I'm trying to build my subscribers. More to come!

[@JuliusAnthony]

Amazing tips sir

[@joshkaye5303]

And at the same time we ask "what's your 5 year plan?" in other words - things change

[@michaelmckeary1165]

Very Good.

[@dynamics9000]

I love your contents and wonderful shared sir.... subbed and liked , a fellow creator

[@PhilipVanDusen]

Much appreciated!

[@zhouyongming4151]

great video

[@PhilipVanDusen]

Thanks!

[@akaffouni]

Gold

[@PhilipVanDusen]

Hey Abdulkarim! Thanks so much for checking out my video! I appreciate you taking the time to leave a comment. Keep tuning in!

[@Redspytotallynotinthebase]

I’m looking to start a museum, no museum within 100 miles of me, well over 150,000 people within 40 miles of me

[@SnowEclipse-official]

1:00

[@Toshibaclovis]

This video is not helpful for a long-term employee that is getting shit upon by his employer. After 25 years nothing like being told I can't afford to give you a $2.00 raise and health care benefits it's just not in the budget. My boss gets state funding. Sorry that happened yesterday and I'm just venting.

[@philnorling]

Did I just earn an MBA?

[@williamrogers4917]

Did not learn anything new. It is like all the other, telling you things you need to do but never how to do them. And so you are off through a maze of info trying to figure out where you need to go to find the info you need but never finding it because of all the other list like this.

[@muhammadelmasry7932]

I tried and I failed , it fail because the cash flow was so small

[@SnowEclipse-official]

0:1

[@masterarziod]

🙏❤⭐👌👌👌👏👏👏👏👏👏👏

[@PhilipVanDusen]

💯💥💫

[@Felicia-pk3oz]

Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

[@YemilaJosh]

You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

[@HindaErnest]

I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

[@LinterBlinse]

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

[@Rosalind-fk2yh]

Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

[@Sapphire-ly5ci]

​@@Rosalind-fk2yhObviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as sativa_hannah

[@eldahkrab]

This Is true ahahaha.

[@lemlemdema567]

DR T YOU.

[@HADIPlayzpiano]

boooo

[@عليأحمد-و7ع7د]

I invite you to Islam

[@ricardopires2897]

1 - Cash flow 2- Not understanding the customer´s problem 3- Don´t analyze competition 4- You thing a good product or service is enough 5- You don´t create a brand, you create a company 6- You don´t think you have to change or innovate 7- Inside the business is as important as outside the business 8-