Brandon Dawson: 97% of Startups Fail! How to Beat the Odds and Scale to 9 Figures | Entrepreneurship | E364

Listen to this episode from Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing) on Spotify. A few years after being voted 'least likely to succeed' in high school, Brandon Dawson defied expectations by scaling his first company from zero to $75 million. Since then, he has built and sold multiple nine-figure businesses. As the co-founder of Cardone Ventures, he helps entrepreneurs build wealth, scale effectively, and lead with purpose. In this episode, Brandon reveals why 97% of businesses fail and shares how to beat the odds and achieve business growth. He also discusses his core leadership principles and the key traits of a great business partner. In this episode, Hala and Brandon will discuss: (00:00) Introduction (02:21) His Early Life and Entrepreneurship Journey (09:27) Bootstrapping a Startup vs. VC Funding (19:10) Why Entrepreneurs Should Prioritize Cash Reserves (26:14) Scale vs. Scaling: Redefining Business Growth (36:48) Why 92% of Businesses Fail to Scale Past $3M (40:25) The ‘Law of the Lid’ in Leadership (45:47) Actionable Steps to Improving Leadership Skills (55:46) Building 9-Figure Businesses with Grant Cardone (01:03:01) The Key Traits to Look for in Business Partners Brandon Dawson is an entrepreneur, scaling expert, and co-founder of Cardone Ventures. As CEO of Sonus Corporation, he grew it to over 1,400 locations and raised $58 million. He later founded Audigy Group, scaling it from $500,000 to $35 million before selling it for $151 million. With over 30 years of experience, Brandon helps businesses scale using data-driven strategies, navigate breakpoints, and avoid common pitfalls. Sponsored By: Shopify - Start your $1/month trial at Shopify.com/profiting Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING  OpenPhone - Get 20% off your first 6 months at OpenPhone.com/profiting Airbnb - Find a co-host at airbnb.com/host  Mercury - Streamline your banking and finances in one place. Learn more at ⁠⁠mercury.com/profiting⁠⁠  Policy Genius - Secure your family’s future with Policygenius. Head to policygenius.com/profiting  Framer - Launch your site for free at Framer.com, and use code PROFITING Resources Mentioned: Brandon's Website: bdawson.com  Brandon's Book, Nine-Figure Mindset: bit.ly/9FigureMindset Brandon’s Podcast, Building Billions: bit.ly/BuildingBillions-Apple  The 21 Irrefutable Laws of Leadership by John C. Maxwell: bit.ly/21-Laws  Good to Great (6 book series) by Jim Collins: bit.ly/GTG-Series  Rich Dad's Cashflow Quadrant by Robert T. Kiyosaki: bit.ly/CashQuadrant  Sell or Be Sold by Grant Cardone: bit.ly/Sell-Be-Sold  Start The Work by Natalie Dawson: bit.ly/StartTheWork  Three Feet from Gold by Sharon L. Lechter: bit.ly/3-Feet-Gold  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive income, Online Business, Solopreneur, Founder, Networking