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121. How to Fail the Right Way: Lessons from a Multimillion-Dollar Company

121. How to Fail the Right Way: Lessons from a Multimillion-Dollar Company

FromThe UpFlip Podcast


121. How to Fail the Right Way: Lessons from a Multimillion-Dollar Company

FromThe UpFlip Podcast

ratings:
Length:
48 minutes
Released:
Apr 26, 2024
Format:
Podcast episode

Description

Dok Kwon co-owns CUPBOP, a Korean BBQ business, with 220 stores worldwide and $3.5M monthly revenue. But it all started with a single food truck! In this episode Dok digs deep to share his insights on entrepreneurship, growing a business worldwide, and why sometimes you just have to fail the right way.Key Takeaways:Never linger with failure. You have to have the takeaway from it but you likely made the best decision with the data that you had.The biggest misconception about entrepreneurship - it looks glamorous but it requires a much higher pain threshold than working for a company.Don’t take no for an answer. Execute and figure it out - to be successful you will find a way.Resources:Join the UpFlip Academy today: https://www.upflip.com/membershipConnect with Dok: https://www.cupbop.com/For more advice, check out Episode 115 where Michael Tecku shares the principles he used to scale his business to $1M per year.  https://www.upflip.com/podcastConnect with UpFlip: On Facebook On Instagram @UpFlipOfficial on Twitter For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts. Thanks for listening!
Released:
Apr 26, 2024
Format:
Podcast episode

Titles in the series (100)

The UpFlip podcast is where you get to unravel how great businesses are built, how they are run behind the scenes, and how their success can be replicated. We feed on the idea that no matter what the circumstances are, the American Dream is still just around the corner. With over 100+ videos and 21 million views on YouTube, UpFlip has ignited the spark that rekindles the fire of entrepreneurship in its ever-growing 434K+ audience. Through this podcast, we aim at sharing practical nuggets of gold and brilliant advice with you by making knowledge more accessible. For more information about us and our services, please visit https://www.upflip.com.