Nick PerryFounder and CEO of 7 Figure Cartel

These Businesses Fail the Most — Avoid Them Like the Plague ⚠️

16 Dec 2025 · 0 min

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Nick Perry (speaker/creator) warns viewers against starting three types of businesses he considers likely to cause severe financial losses: clothing brands (market saturated), independent restaurants (low customer demand/economic pressures), and day trading (prevalence of scams and difficulty of finding legitimate teachers). The video is short-form, advisory, and cautionary.

Never start these three businesses, they will put you in multiple millions of dollars in debt. First, a clothing brand. The world really doesn't need any more of these. Second is an independent restaurant. Nobody is really eating out these days because of the economy and other reasons. And last is day trading. Most people who teach this are scammers and the ones who are legit are difficult to spot. So just stay away from these types of people and invest for the long term.