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

Send UpFlip a message now! 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/podcast Connect 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!