Why 99.999% of businesses fail …

This short (less than 2 minute) poorly made commercial for “Dan’s” product or service (or whatever it is that he is offering) is delivered by a ‘talking’ toy car.

Aside from that, he gives a great summary of what it takes to have a business rather than a glorified job. On that basis alone, it’s worth the effort to try and watch without snickering.

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6 thoughts on “Why 99.999% of businesses fail …

  1. To many times people ride the wave of success only too find the grit and endurance needed to sustain ones business is more than once anticipated. Staying grounded in principles and commitments to long term achievement challenges many at the critical point.

    Though your business plan may change, real effort is needed when the competition copies your efforts, finding the niche to separate yourself will be the hidden gem.

  2. He gives a very good summary, Most people do not have enough passion to stick to anything. They just want to see quick results and fast money.

    I suggest start doing a business part time and slowly grow it.

    Most people just blindly quit their day jobs and take a leap of faith

  3. Starting a business can be difficult. As a Real Estate Agent in Tampa, FL, it was hard starting out and trying to develop a business. I believe the best thing one can do is to do something that you love and stick with it. Money should not be the sole motivator for starting a business. It should be doing something that your passionate about. If you do something you love then I believe the money will come. Personally, I enjoy what I do and I have been succesfull because of it. http://www.fnunezrealestate.com

  4. @ sarsen – That beats me by a few years … you probably also meet the Millionaire Next Door criteria?

    What have you done to prepare for the inevitable day that you, pass on to next generation; or, (best case) sell; or, (worst case) shut down?

    @ fnunez – “the best thing one can do is to do something that you love and stick with it. Money should not be the sole motivator for starting a business.” Very true …

    BUT, one should also think about the exit before going in, otherwise you just may end up with a job that you may love, but a job nonetheless.

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