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The video tutorial discusses seven reasons why dog grooming businesses fail, with the number one reason being the employee mindset versus the business owner mindset. Statistics show that about half of small businesses fail within 5 years, and 9 out of 10 fail before their 10th year. It is important to approach your business as a business owner, not just a job for yourself. Remember you are creating a business, not just a job, and focus on the bigger picture to avoid becoming a statistic.