The $100 MBA Show

Wealth isn't just about hitting a specific number. According to Felix Dennis, the author of "How to Get Rich", there isn't much difference in lifestyle beyond a particular number (listen to find out). In this Must Read book, Felix challenges the myths surrounding wealth and shares his personal journey to success. From comfortably poor to super rich, he defines wealth based on net worth and offers invaluable lessons along the way. But here's the catch, folks: money can't solve everything. Insecurities, relationships, and happiness? They require more than just piles of cash. Omar delves into the stories Felix shares in the book, covering his successes, failures, mistakes, and the valuable lessons he's learned along the way. Whether you're an aspiring entrepreneur, looking to build wealth, or simply seeking a new perspective on money and success, this book provides valuable insights and inspiration. Click Play!How To Get Rich by Felix DennisDiscover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In business, it's about both "who you know" and "what you know." "Who you know" provides opportunities and networking, but "what you know" is equally important. As a beginner in business, networking is essential to meet people and build relationships. However, it's important to approach networking with a spirit of generosity and adding value before asking for anything in return. It's equally important to have the necessary skills, knowledge, and mindset to be successful. Combining what you know with networking can help you become successful faster. Building knowledge in areas such as marketing, sales, and customer service can enhance your business success. The more you know and the more people you know, the greater your influence and chance of success. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As entrepreneurs, we need to be driven by the sense of accomplishment and pride that comes from putting something good out in the world. Doing something we love or are passionate about is crucial to maintaining that drive over time. This episode is all about practical advice on how to choose the right side hustle to focus on and strategies to make it successful and sustainable in the long term. Success can mean different things to different people. For some, it's making enough money to live comfortably, while for others, it might involve having the time for travel, hobbies, or exercising. Regardless of your definition of success, focus on the core activities that matter most in your business and consistently work towards making it successful.Tune in to this episode to gain insights on how to make smart decisions and choose a side hustle that will lead to long term success.To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The way buyers interact with businesses has changed. Buyers no longer want to interact with multiple car dealerships when buying a car, instead preferring to search online and conduct their own research. It is important to meet those changes and understand your customer's language and needs.Our guest teacher Steven Mark Kahan shares his expertise on modern digital marketing strategies to help increase revenue growth. Buyers now rely on digital content to make purchasing decisions, therefore, getting found online is crucial for digital marketing success.Omar shared a tip on how to know what to offer, what to sell, and what language to use in marketing and sales which in turn will also help you create a better product. Learn how to understand your customer's language, what drives their buying behavior, and how to create superior content that converts leads into paying customers. Join us for actionable steps towards implementing a successful high velocity digital marketing program. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are you optimizing for the wrong things in your business? It can be easy to focus on the wrong things in your business and lose sight of why you started in the first place. In this episode, we dive into the importance of planning and focusing on the right goals.It's essential to take a step back and evaluate whether the actions you are taking in your business are optimized for the goals you set out to achieve. By reflecting, setting clear goals, and prioritizing what you optimize for, you can build a financially viable business that aligns with your values. Remember, you can only optimize for one thing at a time, so choose wisely! So, how do you choose what to optimize for?Omar covers the different ways in which businesses can optimize for profit or growth and the risks involved in each strategy. Tune in to learn how to optimize your business for success. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation affects businesses and consumers alike, and the decision to raise prices is a difficult one for many entrepreneurs. In this episode, we dive into the question of whether or not you should raise your prices with inflation. It's important to note that even successful companies like McDonald's would go out of business if they continued to sell their products at extremely low prices. High inflation rates have been observed in some countries in the last year, putting companies under pressure and leading to layoffs. Increasing prices once a year can help bridge the gap between costs and margins for businesses.While the decision to raise prices may be difficult, it's a smart entrepreneurship strategy to recognize when your business needs to raise prices in order to stay afloat and to invest in the growth and improvement of your product or service. In this episode, you will learn valuable insights on how to raise prices strategically and thoughtfully without alienating your customers. Whether you are facing financial pressure or looking for ways to invest in the growth and improvement of your business, this episode offers practical advice and actionable steps for boosting your bottom line. Listen in to learn how to raise prices effectively and ensure the continued success of your business. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are you struggling to keep up with the day-to-day tasks of your business, leaving you with less time to focus on growing your business? If so, then you don't want to miss today’s Guest Teacher lesson with John McKenna on How to leverage a virtual assistant to scale your business.John McKenna, CEO of Peachtree VA, shares his expertise on using virtual assistants to help grow your business, taking you through the process of how to hire them and delegate tasks effectively. To determine which tasks to delegate, business owners should conduct a time study, identify pain points, and keep a list of tasks they want to do more or less of. Also Omar provides a simple method for business owners to determine which tasks to delegate by assigning a dollar value to each task. Listen in to this episode for practical tips on delegating and scaling your business with the help of a virtual assistant. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The first and most important lesson for new entrepreneurs: don’t try to create the “perfect” product or service. Instead, start with an MVP — a Minimum Viable Product you can improve on.That’s how you find out for sure that your idea is worth investing more time and money in, while simultaneously building the foundation of your customer base.An MVP is a basic version of your product that’s good enough to get the job done, and lets you solicit valuable feedback for how to perfect it. It's all about smart resource management — sell a basic version, then let your product fund its own development.Of course, an MVP launch is a different animal from the launch of a “finished” product or new feature.Today, we’ve got a step-by-step game plan for your MVP launch. From sparking interest and marketing your MVP, to launching it and gathering that all-important real-world feedback, you’ll learn how to start your business in a smart, sustainable way that you can build on.Take the guesswork out of designing the right product for your audience. Lower your own risk and investment into something that isn’t road-tested. Start small, and win big — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s a common problem for newer and smaller teams: they have the goods, they have the skills, but they’re untested. Unproven. And they don’t trust themselves to make decisions on their own. In business, confidence is earned. But it can also be fostered and cultivated by a great leader.It’s Q&A Wednesday, and we’ve got a listener whose team is great at everything they do, but just can’t seem to believe in themselves enough to unleash their full potential. Can anything be done? If so, what actually works? Will people really believe it if you just tell them they’re awesome?You can give your team confidence. Today, we explain how.Whatever business you’re in, part of a founder’s job is to get the most from their team. A great deal of that will depend less on telling them what to do, and more on trusting them. In this episode, we share a few effective strategies for showing and telling your employees why they’re the best.Give your team a few reasons to believe in themselves, and they’ll rarely let you down. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Struggle to write great copy? Hit a wall when you’re trying to craft that perfect email campaign or video script? We’ve got a tool that’ll help you find the perfect narrative and turn you into an ace copywriter.…and no, they’re not a sponsor, and we’re not an affiliate. This thing just rocks. Today is a rare “Must Have” product review of Storyteller Tactics.Storyteller Tactics is a deck of cards, each one a surefire recipe for compelling copy. No more guessing games or writer's block. These cards are like a “fast forward” button for creating engaging narratives for marketing and sales, using proven tactics to hook your audience and boost conversions.If copywriting isn’t your thing (or even if it is), this product is invaluable.Whether it's social copy, persuasive email campaigns, or dynamic video scripts, Storyteller Tactics is your secret weapon for copy that resonates and drives action.Learn how to use this incredible tool — and why you should. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hit a sales slump? Is the ‘Profit’ side of your Profit & Loss sheet looking less than ideal? The solution might be as simple as two words: Retargeting ads. These. Things. Work.Today, we explain how.In our experience, retargeting is an incredibly efficient, cost-effective way to create new customers and get the chance to turn them into lifers. In this episode, we unpack exactly how to set up and execute your campaigns — and give your business the momentum it needs. With a little guidance, it’s easier than you might think. You might think of retargeting as something for businesses with a lot of tech-spertise, or a lot of money. That’s not the case! Even with a minimal investment, you can see substantial returns. It's not magic; it's just basic, effective strategy.Learn it now, and use it forever.Hear the mechanics of retargeting, why it works, and how to tailor it for your business. We'll provide the technical details, along with straightforward, actionable steps you can take the minute the episode ends. Your customers are out there, and retargeting can find them — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ever wonder how some of these wildly successful entrepreneurs did it? The ones who went from startup to “never worry about money again”? You’re not the only one, and there’s a new podcast you’re gonna love.Today we’re sharing an episode of My First Million Podcast — a top 25 business podcast where Sam Parr & Shaan Puri brainstorm business ideas you can start tomorrow. Sometimes they bring on famous guests like Mr. Beast, Rob Dyrdek, Sophia Amoruso & Hasan Minhaj and get them to open up about business ideas they’ve never shared before.In this episode, Shaan Puri and Sam Parr talk to Founder & CEO at ProfitWell, Patrick Campbell, about the billion-dollar quilting industry, using spy secrets in business, buying cheap debt, and a hostile takeover of a person.If you like what you hear, search for My First Million in your favorite podcast app — like the one you’re using right now.Learn how some of the best in business really think. Hear how seemingly improbable paths to wealth make perfect sense, if you can see what most people can’t. Get inspired — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

For a small business owner, “I quit” can be a terrifying thing to hear, especially from a key player. But that’s exactly what one of our listeners is going through. Fortunately, we have some experience in this arena.It’s Q&A Wednesday, and we’re helping this listener keep calm — and keep their business on track. Sudden personnel loss is a problem, but not as much as being unprepared for it is. Quickly filling a crucial role and ensuring a seamless transition is never easy, but it’s way tougher when you don’t have procedures in place for the inevitable resignations and suddenly-necessary firings. Fortunately, Omar’s been through this one. More than once. And he’s learned how to be ready for it.Today, we explore how to effectively pass the torch to a qualified new hire, even on short notice. With a few strategies and policies, you can literally replace anyone if you have to, without your business missing a beat.It's not just about filling the role quickly — it's about ensuring your new hire can absorb what they need to know to keep the wheels turning. It's about ensuring continuity. People come and go, and your business needs the agility to keep up. Learn how to get prepared, stay prepared, and be able to roll with the HR punches. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Money is an emotion. While we like to think of wealth-building as a purely rational or strategic exercise, those who ignore the psychological component are at a disadvantage. Today’s Must-Read explores how your heart & soul — not just your profit & loss sheet — impacts your ability to thrive in business.The Psychology of Money by Morgan Housel isn’t your average entrepreneurship guide. It serves up high-impact insights on personal and business finance in bite-sized chapters and everyday language. But it's not just about making money — it’s about understanding the deeply human factors that affect how we manage it: our life experiences, biases, fears, and attachments. No one (seriously, no one) does business with just their rational mind.Ever been baffled by someone else's business decision? Housel’s book sheds light on the mysteries, breaking down how our subjective perceptions of money guide our financial moves, and demonstrating that almost anyone can make money, even if they lack financial advantages.In other words, you don’t need a silver spoon; you just need the right mindset.Embrace the emotional side of business, and you’ll make more rational decisions. Dive into the psychology of money, and come out richer on the other side. Click Play!Discover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Business is a tightrope: lean too far in one direction, and you’ll fall. That’s why every entrepreneur has to carefully balance producing and developing their product against marketing and selling it. How do you know if you’re doing too much or too little of either?Without sufficient marketing and sales, funds dry up, and you can’t ensure your product meets peoples’ needs. But if you neglect product development in favor of marketing and sales, all the marketing and sales in the world won't save your business from an inferior offering. So how can you strike the right balance? Today, we dive into the dance between these two vital components. We'll share insights on how to ensure harmony between product development and sales, and offer tips on how to tell if your business needs to shift in one direction or the other.We'll explore how to allocate your time, money, and resources, and how your balance of priorities should change at different stages of your business growth. Plus, we’ll share a few ways to improve your efforts in both areas.Build a balanced business — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ready for new funding? You don’t have to take on a loan or an investor. There’s an option that straddles the line between both: debt financing, or, as its proponents like to call it, "non-dilutive" funding. Never heard of it? This is the episode for you. Heard of it, but not sure how it works? We got you.It’s Q&A Wednesday, and one of our listeners needs to know if debt financing is the right move. Today, Omar explains exactly how it works. We’ll cover the advantages and disadvantages, the risks and potential rewards, and how to know if it’s a smart path forward for your own business.It’s not a scam — but it’s also not right for everyone.Debt financing can be a boon for certain types of businesses at specific stages of growth. That said, it's definitely not a one-size-fits-all solution. Learn the fundamentals, hear the pros and cons, and decide if debt financing can work for you now or in the future..Get the lowdown on this creative option, and see if it has potential for you. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What is “wealth” anyway? With modern material comforts well beyond what even the most powerful monarchs enjoyed centuries ago, you'd think we'd all be feeling pretty rich. Yet the goalposts of what defines wealth keep moving. So how do you actually become “wealthy”...whatever that means?Today, we explore a fresh take on the concept from one of this century's most impactful investors and influencers: Naval Ravikant. Eric Jorgenson’s The Almanack of Naval Ravikant isn’t a biography per se. It’s not a linear narrative, but a mosaic of deep insights and hard-won wisdom from one of this era's most innovative entrepreneurs.So what can you learn from it?Today, we unravel this thought-provoking compilation, and share our top takeaways. By redefining your goals — and taking the most direct, logical path to achieving them — you can define success in the ways that matters most to you.Get a truly independent thinker’s take on business, the point of entrepreneurship, and what money can really buy. Be inspired to approach entrepreneurship in a whole new way — your way. Click Play!Discover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Have you missed the boat on podcasting? It’s a crowded field out there, with podcasts from every self-annointed expert with a microphone and some free time — so should you even bother?The short answer is yes.Today, we address a question that Omar gets…oh, about a zillion times a week. Thing is, there are lots of reasons starting a podcast is harder today than it was when the first episode of The $100 MBA Show debuted. …but there are lots of reasons it’s easier now, too. We’ll discuss everything that’s changed since then, for better and worse. As technology and media have evolved to allow more people to create and listen to podcasts, it can be hard to stand out and find your audience. But those exact same developments are why a great podcast with truly valuable content has a reasonable chance of success!Learn the biggest challenges to getting your own show going, and decide if podcasting might be the best way for you to make a name for yourself. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Every business owner goes through tough times, those truly awful moments when the wins seem unreachable. Even the most successful entrepreneurs go through this, time and again.So how do they deal with it?How can you navigate those ugly times and keep moving forward? How do seasoned entrepreneurs press on when things seem hopeless?It's Q&A Wednesday, and one listener is experiencing hardships in their personal and professional life. They need advice on cultivating resilience and making it through the inevitable troughs and valleys that running a business creates. Today, Omar shares strategies for coping with the tough times, using examples from his own most painful business “lows.” Nobody has an easy road to success. Learn how to gain perspective, restore optimism, and continue doing great work — even when it feels like everything is falling apart.Tune in, and learn a few ways to see the bad times as valuable challenges instead of defeats. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does it really take to run a remote team? As businesses grapple with the choice to bring employees back to the office or maintain COVID-era remote work policies, entrepreneurs find themselves at a crossroads. Liam Martin, founder of remote team management software Time Doctor, still believes remote work is the future. Today, Omar and Liam explore the secrets to asynchronous success!Omar and Liam share a road-tested faith in the power of remote work (since 2014, our software company has operated fully remotely). Time Doctor measures and analyzes remote employees' task efficiency, empowering managers and business owners to strategically improve productivity.In this extended conversation, Omar and Liam discuss the essential elements for a thriving remote team. From the buy-in needed from everyone in the organization, to being sure not to waste your team’s time trying to recreate the in-person experience with excessive meetings, learn how remote is done right!Hear the story of Time Doctor's creation, and how it evolved to meet the changing needs of businesses. Discover the strategies for measuring and managing time, treating it like any other business resource — funds, inventory, etc. Get the insights you need to optimize your remote team's performance, and an invaluable lesson in how to stay adaptable in an ever-changing business landscape. Click Play!Running Remote by Liam Martin and Rob RawsonSUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Will your business make it, realistically? Does it offer what people really want? Do you have the skills, assets, and resources to succeed as an entrepreneur? How can you even tell?In other words, are you good enough? Today, we nail down what "good enough" actually means in the world of entrepreneurship — and how you can gain a realistic sense of your business's chances of success. We'll share and debunk myths and misconceptions, giving you a clearer perspective on what truly separates business ideas from business realities.If you’re wondering — or even worried — about your prospects, this is the episode for you.We’ll explore the key factors that can make or break your business, how to assess your performance (and potential) in those areas, and actionable ways to improve where it’s needed.Big hint: it’s mostly about understanding the real value of what you’re offering people, and how to communicate it effectively. To that end, we'll share practical ways to gather critical information from consumers.Ease your doubts, and go into entrepreneurship with a solid idea of what it takes to succeed. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What’s the best venue for a productive retreat? Where your team or network gets together matters a ton — but with so many hotel alternatives available, is it smarter to go with a short-term rental?It’s Q&A Wednesday, and one listener needs to know.This fellow entrepreneur has a retreat to plan, and wonders whether an AirBnB or something like it is a smarter move than a full-on proper hotel. Fortunately, this is the right podcast to ask; Omar’s planned and executed several retreats over the years.From team retreats to founders' retreats involving multiple businesses, Omar’s learned that each event has unique goals and priorities, making the choice of accommodations more important than you might realize. And yes, he has a firm answer on the “hotel vs AirBnB” question.Join us as we explore the advantages and disadvantages of both options in the context of a business retreat. Retreats can be an invaluable way to forge stronger bonds among a team, generate networking opportunities, or both! Let our experience help you nail it, when it’s your turn.To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Can you have both money and a ton of free time? Is it actually realistic to build a business that generates multiple millions in annual profit, but doesn’t take more than 4 hours a day to run?Turns out, yeah.Today, Omar sits down for an extended interview with Steve Chou. Steve doesn’t work all that much, because he’d rather hang out with his kids. And who wouldn’t? But making that dream a reality took serious strategy, work, and a clear vision of his priorities.As the child of extraordinarily hardworking immigrants, Steve wanted the best for his own children too — but without having to sacrifice the amount of family time his own parents missed out on. So he and his wife started an ecommerce business.After a while (and a few tough but critical lessons), they achieved both financial success and the freedom to prioritize family.Learn how they did it! From automation tips to balancing work and family priorities, discover the secrets to becoming a The Family-First Entrepreneur – providing for your loved ones while enjoying quality time together. You can have it all. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How do you know the person sitting in front of you is a bad hire? We’ve found out — the hard way, and more than once. Today, we invite you to let our mistakes be your guide.Seriously. Listen to this episode before your next interview!It's exciting to build a team. It’s a sign your business is growing, and you’re about to experience the joy of delegating tasks to specialists so you can focus on leadership. But hiring the wrong person can be costly.When you make a bad hire, it’s not as simple as having to find someone else. All the time, resources, and effort you put into that person is…gone. Forever.Over the course of our team-building, we’ve seen a few clear signs that identify a candidate as a no-go. In this episode, we’ll share the biggest, reddest flags that are almost always a sure sign you should move on to the next resume.Pro tip: skills can be taught. Attitude can’t.Learn what to ask, and what answers to look out for, when evaluating someone’s potential to be an asset to your team. The longer a team works together, the better they get — so hire the right people the first time! SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you're a new entrepreneur, the best way to start is by "bootstrapping" your first business: as in funding it with only your own resources, rather than getting a loan or outside investment.Why? Well, that’s exactly what we’ll get into in today’s episode.Truly seasoned entrepreneurs will tell you that your first business is not likely to be the one that brings you long-term success. That doesn’t mean you shouldn’t give it an honest try — but it’s more strategic to think of your first venture as (primarily) a way to develop your business skills.Real entrepreneurs don’t sink all their hopes, and other people’s money, into their first idea. Real entrepreneurs are agile. They learn and pivot. They fail until they figure out what works. It might be your second, third, or tenth idea that really breaks through!The fact is, taking outside investment creates unhelpful pressure. You'll be responsible for paying back loans or delivering an ROI, which can be incredibly stressful. But by bootstrapping, you'll have the freedom you need to succeed on your own terms. You'll also develop a sense of autonomy and self-reliance, which are crucial skills for any entrepreneur.Explore why bootstrapping your first business is the best approach, and get some tips and examples for how to pull it off. Until you know how to win, play with house money. SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What makes a sales video convert? And what do you need to make it happen? The answer might surprise you — and cost less than you think, at least in strictly financial terms. It’s Q&A Wednesday, and we’ve got a listener who wants to sell their online course with a top-notch video pitch. But they need to know what tools are best for the job. Fortunately, we’ve been there. Many, many times.Today, we share what you really need to make a video do the trick, and what you don’t. The truth is, even if you have the fanciest equipment in the world, that doesn't guarantee conversions. Likewise, the right conceptual ingredients can make your video a winner with even a modest budget.It’s more about the process than the hardware.With examples from our own business (and some more famous campaigns), we’ll explore what’s proven to work. Plus, we'll share our own process for creating sales video, starting with the most important ingredient — and it’s not a piece of tech.Whether you're a seasoned video creator or a total noob, tune in and learn how to create a sales video that'll bring you customers. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

No business leader can do it all. But here’s the good news: you don't have to! Today, learn why you should consider putting together a board of directors (even if your business is just getting started).Yes, this is something even new entrepreneurs should start thinking about.It might sound a little daunting or even corporate-y, but having a team of experts to help guide your decisions can make all the difference. Plus, it's a way to avoid "founder's syndrome," where you feel like you have to make every decision yourself, even if it's not your area of expertise.In business, nobody makes it on their own. And the more you “make it,” the more input you’ll need.In this episode, we'll walk you through all the reasons a board of directors can be valuable, and how to go about assembling one. We'll cover everything from figuring out what expertise you need on your board to how to approach potential members.Whether your business is new, scaling up, or still just an idea, it's always smart to think about what you'll do as the operation grows. Being a step ahead is always smart — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Crazy thought: cold emails can work. Yeah, we didn’t think so either — until we realized how they work when you do it properly. All thanks to this week’s Must-Read for entrepreneurs!If you're like most people, you probably assume that cold emailing is a bad marketing strategy. It's too direct, too forward, too scammy, too annoying. Right? But what if you're wrong? What if cold emailing can actually do the trick? That's the premise of The Cold Email Manifesto by Alex Berman and Robert Indries.Omar chose this book specifically because he wanted to challenge his own assumptions about the efficacy of cold emails. And to his (pleasant) surprise, he learned more than he thought he would! Today, he shares key takeaways and explains how to approach cold emailing in a way that builds relationships — without pestering anyone.Short version: cold emailing is all about strategic intent. You have to be subtle, patient, and focused on building a connection. It's not about dropping unsolicited pitches and hoping for a response. It's about crafting a personalized message that speaks to the recipient's needs and interests.Then, you go from there.With this episode, you'll learn how it’s done. We'll break down the strategies, and show you how to create a plan for reaching out to people in a way that won’t get their guard up. Try something you might not have considered — Click play!Discover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thinking about bringing interns into your business? Free labor has its upsides — but also its disadvantages. Even if you’re paying nothing, both parties in an internship need to get an ROI.So when do interns make sense? It all depends on what your business needs, and what role the intern is fulfilling. Some work, anyone can do. Other work requires the kind of skill, experience, or credentials that are always worth paying for. On top of that, no intern is truly “free” in the sense that your business will invest time and resources into them, even if it’s just to show them how to do the grunt work.And of course, an intern can always become a real-deal hire — but only if you approach it correctly.Today, we discuss where the internship opportunities might be in your business. If you’ve got a role that someone new to the game can grow into, internship may be a strategically sound option to give someone a way in. Weigh the pros and cons, and make the choice that’s best for your business. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Looking to get started with paid ads? It’s the perfect time! Over the past year, the most effective strategies have become more clear and well-established — though some of them might surprise you. Today, you'll learn why paid ad campaigns can fail, and how to increase their odds of success. We'll discuss how to spend your time, money, and resources more wisely and effectively to get the best ROI. You'll also learn what services are worth spending money on when it comes to creating ad campaigns.Hint: the right creative is everything.We'll explore a few different options for getting your campaigns started, and help you choose the one that's right for your business. And, of course, we'll feature some great (low-to-no-cost) resources to learn even more.The paid ad game is less opaque and more understandable than it used to be. But you can still waste a ton of hard-earned revenue if you don’t approach it strategically. Learn where to focus your effort to get the best results — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

YouTube can be a gold mine — or a minefield. One of the biggest headaches for YouTube content creators is getting flagged for copyright violations. Even music you think is “safe” can trigger a demonetization.So how can you ensure your soundtracks won’t kill your revenue?It’s Q&A Wednesday, and we’ve got a listener whose videos keep getting flagged, despite their best efforts. Before losing yet another big monetization opportunity, this listener needs to know where to find music that won't raise the alarm. In this episode, we'll share resources to help you find the perfect copyright-free jams.You might be surprised to learn that there are low-and-no-cost options right at your fingertips (in some cases, literally) for trouble-free tunes. Hear what your options are, and go into your next video confident that you’ll get exactly what you deserve for your content.Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's tough to give your business your all. We're always juggling multiple projects, sometimes a day job, hobbies, and personal commitments. But if you're serious about your business, it's time to focus.So why do we struggle to go all-in? Most of us think it’s due to fear of risk, of putting all the eggs of our time and energy into the basket of one mission. But that’s not really it. The truth is, we’re not afraid, we’re just a little delusional. We think we can succeed at everything, all at once. But the truth is, we can't. It takes laser-sharp focus to make real progress in your own business.When we don't commit fully, we limit our potential for success. Fear and lack of confidence aren't the real culprits here. It's the misconception that we can do it all.Today, we explain why going all-in is essential, and share strategies to help you get there. Give your business the singular focus it deserves.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If nothing else, an entrepreneur needs to be a fighter. And who better to learn fighting from than Iron Mike himself, whose rise and fall (and rise again) is the perfect lesson in resilience and adaptability. No matter what business you’re in, this book is a knockout.Entrepreneurship is much like boxing; you have to fight through challenges, adapt to changing situations, be disciplined, and learn from potentially costly mistakes.Mike Tyson started with nothing, but invested in his abilities, trusted the right coaches, and took a few strategic risks. And it paid off huge! However, his downfall came when he lost humility, and — worse — stopped evolving. This is exactly how business works!Fortunately, Tyson ultimately bounced back through patience, work, and a willingness to start learning again. If Tyson can go from poverty to success, fail, and still find a way back, then your business plans aren't so far-fetched. Hear our review and takeaways from this super-inspiring autobiography. Then get back in the ring yourself.Undisputed Truth by Mike TysonDiscover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’re in profit. Congrats! To keep it that way, you have to reinvest. But where? How much? Where you put your money will determine if your business grows or stagnates.Let’s approach this strategically.Today, we take a detailed look at how to evaluate your business’s strengths, weaknesses, and opportunities for improvement. By doing a little homework, you can get a clear picture of where reinvestment is likely to have the biggest impact. Hint: it’s all about tracking data.Whether you use a sophisticated metrics tool (we recommend one in particular), or a simpler, high-level approach to gauging how effective your various assets and campaigns are, you need to measure. In this episode, we’ll show you how. Compound your success. Make moves based on actionable insights. Multiply your profit. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stress doesn’t just hurt you (although that’s reason enough to address it). It also hurts your business. Understanding this is the best way to stop thinking of stress management as an afterthought or a luxury.You can’t avoid stress, but you have to mitigate it. Once you see what stress costs, you’ll do something about it. If you don’t take action, the costs aren’t just emotional — they’re tangible. Today, we’ll explain several specific things stress takes away from your business, and how to treat stress like any other business challenge.And yes, that includes an action plan.Learn the real-world consequences of unmanaged stress, and how to treat the issue like any other threat to your profitability. If you’re not taking care of you, you’re not taking care of business. Learn how to approach stress like an entrepreneur: strategically and effectively. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Remote work isn’t going anywhere, especially for lean startups who want a big talent pool and low overhead. But for new entrepreneurs, it can be hard to know if you’re in touch with the team enough.Also, let’s admit it: most people hate meetings. Including the boss.It’s Q&A Wednesday, and we’ve got a listener with a small remote team who isn’t sure how often to bring the crew together (virtually, of course). As the CEO of a company with employees all over the world, Omar can relate. Talking in real time matters.Spoiler alert: there’s probably no such thing as meeting too often.That doesn’t mean you should waste your team’s time. It means that when in doubt, you should always communicate more, not less. And there’s a way to do it that won’t test your team’s patience, or rob them of autonomy and trust. Hear our approach to remote meeting cadence, and learn how to keep your team on the same page. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There’s one skill that differentiates people who can make it in business (or anything really) in the long term: a comfortable relationship with disappointment. Including the kind that comes from your own failure.Don’t worry, this episode won’t bum you out. It’ll empower you!Long understood in the sports world, the ability to shake off a bad outcome is the key to survival in business. If you don’t allow your motivation, confidence, and belief to be derailed by losses, you will get to the wins — even if it takes a few more losses.Call it “grit.” Call it perseverance. But whatever you do, develop this skill now.Learn how important it is to be ok with getting knocked down, and hear a few strategies that’ll help you do just that. Embrace disappointment as a fact, so you can let it go as an anchor. The sooner you cultivate this very healthy skill, the less disappointment you’ll have to discipline. SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’ll never stop saying it: the easiest people to sell to are the people you already sold to. But too many of us focus almost exclusively on new customer acquisition, instead of going back to a perfectly good well.This is especially important when it comes to eCommerce.Today, special guest Jessica Totillo Coster shares a detailed, step-by-step plan for making sure that those who buy, buy again. And keep buying. Once you’ve established a good customer base, you can’t just assume they’ll want more — you have to make sure of it.Bonus: you won’t believe how much easier this makes your marketing.By utilizing Jessica’s STAR framework, you can virtually guarantee that happy customers will keep coming back for more. For eCommerce, maybe more than any other kind of business, keeping the inventory moving is critical. Repeat business is the best way to ensure that. Learn how to turn customers into lifers. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You might think “If only I had a coach…” And you’d be right — a good business coach can make a world of difference. But that’s only true if you hire the right coach for the moment you’re currently in.What do we mean by that?Well, different kinds of coaches can help you in different stages of your business. The person who gets you from A to B may not be the person who gets you from B to C. It all depends on where you and your business are in their development, growth, and potential.Get the wrong coach at the wrong time, and you’ll end up losing faith in coaching altogether. But nail the timing, and you’ll accelerate your growth.Today, Omar shares his view of the best time to get started with a coach, plus a few other key milestones on the journey where a coach can help you move to the next plateau. He would know — he’s been both coach and coach-ee more than once. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Habits are the key to achieving anything. So which habit brings about growth for your business? It’s not meditation or drinking enough water (though those things don’t hurt). It’s something…unexpected.Except it’s totally expected. But not in the way you might think.It takes some explaining, ok? And this episode description isn’t the place to do it, for one because we don’t like these to be too long, and also because we really, really want you to listen to the episode. After all, Omar explains this stuff best. It’s his whole thing.All we can tell you here is that it works.People with consistent business growth month over month, year over year, do this every day. But too many people don’t do it — because it falls through the crack between habits that are too obvious, yet not obvious enough in how to implement. Does that make sense? If not, it will after you hear the episode. It’s a forehead-smacking, light-bulb realization that’s taken many a business to its next level. Why are you still reading this? Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sometimes, you just need revenue. For small businesses, cash is oxygen — and when the waters rise, you need to make sure you can breathe for as long as it takes to get to dry land. That’s when it’s time for a sales push.It’s Q&A Wednesday, and we’ve got a listener who ran into some unexpected expenses outside their control (that’s gonna happen, entrepreneurs). Now, the business needs a lil’ extra somethin’ to stay in the black in the short to medium term. This is not the time to panic or make bad offers. It’s time to get creative.In this episode, we share a few quick sales-boosters that’ve worked for us. They don’t involve being pushy or manipulative. They’re just about leveraging your assets (and also, other people’s assets) to temporarily rev the ol’ sales needle. Dig yourself out of a hole when you need to — just follow the steps in this ep! Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Motivation is easy when things are awesome. But how do you stay on top of your game when the game isn’t going your way? If you can answer that question, you can make it through anything.Today, we offer several answers.Omar’s been there — frustrations, failures, plans that go sideways when you least expect it. And here he is, still running a successful independent business with a global team that needs steady leadership. How does he get out of bed when the skies are gray? The key is to have a few go-to practices in your pocket.Learn a few ways to keep your motivation right where it should be, by putting things in perspective. Do what it takes to see clearly, and you’ll always know — and feel — exactly what you need to in order to do your best work. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s never the best idea that wins. It’s the best execution. In the history of business, the most successful entrepreneurs were the ones who adapted existing ideas better than anyone else (including whoever had the idea first). Now it’s your turn.Today, special guest Derek Lidow explains how building on pre-existing concepts is the all-time best way to pursue success. With real-world experience as a successful entrepreneur — and deep academic knowledge of business as a Princeton University teacher — the man knows what he’s talking about. This episode will shift your mindset about what it means to create the next great thing.Take the examples Lidow shares today, and apply them to your own space. By developing an eye for ideas and concepts that could be better-executed, you can make your mark. Take someone else’s first steps the rest of the way. Awaken your inner copycat, and see how far you can go. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Despite what you might’ve heard, ChatGPT isn’t here to end careers. Quite the opposite, really — it can help you start a whole new business, with less time and effort on your part.Today, we discuss how. We’re sharing five different ways you can fire up the AI and set it to work on services people need. You might ask yourself: why don’t these potential customers just use ChatGPT for themselves, instead of paying someone else? But that ignores a crucial fact: AI doesn’t work alone. Like any other piece of software, ChatGPT only works well if the person using it knows what they’re doing.Yes, a car can get you places faster than a horse. But cars need drivers! That’s how AI works, and ChatGPT is no exception. If you can master the skills necessary to get ChatGPT to take care of people’s needs, you become valuable. Learn what ChatGPT can do in the right hands, and how it can be the start of a whole new venture for you. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There are lots of ways to make money on your own. But one of the most reliable (and least risky) is the agency business. Today, we discuss what that is, and why it’s such a great option.Long story short, it’s about as low-risk, high-reward as independent businesses get.By providing a service like design or copy or multimedia, you can almost guarantee that if your work is up to snuff, you’ll always be able to find clients. Even if you start as a solopreneur with just a single client, you can leverage every successful project into future work. Best of all, you can keep yourself in profit the whole time, by taking things one project at a time.Today, we dive into the ins and outs of agency work, with examples that show just how smart this path to independent success is. We’ll explore different types of agencies, recommend the best and most cost-efficient tools you’ll need, and discuss what kinds of clients offer the most dependable recurring revenue.If you have talent, but aren’t quite sure how to turn it into a business, consider an agency — and start by listening to this episode. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

So you’re starting a business, and you’ll need some outside investment to really make it work. Where to seek funding is one problem — but just as important is when to seek funding.Timing is everything when you’re asking for money!No matter who the funding source is, you’ll have to convince them that you’re a good investment. And you can’t do that until you’ve gathered enough hard evidence that your product, systems, and team are viable. And that takes time.But how much?It’s Q&A Wednesday, and we’re helping one listener figure out when to start shopping for funding. By getting the timing right, you can not only increase your odds of hearing a “yes,” you can actually create more favorable terms. Learn what you should have in place before you seek funding, and why a little patience can pay off in a very big way. Click Play!To submit your questions, visit 100mba.net/q.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Yes, even startups and small businesses can have incredible team retreats. In fact, it’s more fun with a smaller, tight-knit team — especially when that team is remote and doesn’t get much face-time.Of course, not everything will go perfectly.Today, we share lessons learned from our most recent team getaway. We invited our engineering, marketing, design, and other pros from around the globe to finally see each other in person, having lost that opportunity to COVID for so many years.And it was awesome…except when it wasn’t.If you’re considering bringing your team on a retreat (and you should), listen to this episode first. You’ll learn what can go sideways, as well as what makes a retreat a truly memorable bonding experience. Whether you’re looking to give your team some R&R, accomplish some work goals that are better achieved in person, or some combination of both, a great retreat can’t be beat. Take a lesson or two from our experience — Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How much time do you really have? It’s easy to say “life is short.” But if you really look closely at the numbers, it’s shorter than you might realize. And all the “productivity” in the world can’t change that.That’s the premise of today’s Must-Read book for entrepreneurs: Four Thousand Weeks by Oliver Burkeman.Yep, that’s about how many weeks most people (in industrialized nations) get before they kick the bucket. Much of it is already gone by the time most of us decide to start a business!Mountains of advice and products are designed to increase productivity, and promise a way to get more out of every precious week. But what if this approach is all wrong? What if the key isn’t trying to do more, but in embracing mortality and focusing on what matters?How much do you really need to “get done”...before life is done?It’s a challenging, scary fact to confront. But it’s a fact nonetheless, and being mindful of it can change the way you approach building your business. It’s too easy to get lost in the “to do’s,” as your 4,000 weeks slip by.Get a fresh, more brave perspective on constructing your own life and work. Hear the top takeaways from this eye-opener, and how it might apply to your entrepreneurial journey. Click Play!Discover all our must-read book reviews at https://100mba.net/bookreviews.SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ve launched — but your business just can’t seem to get anywhere. Why? What makes some businesses grow steadily (or suddenly), while others just get stuck on the ol’ hamster wheel? Today, we diagnose the problem.In this episode, we’ll explore what exactly creates that all-important traction, and allows new companies to reach “escape velocity,” a.k.a. the point at which you break through the invisible barrier, and your expenditure of energy isn’t the only thing moving you forward. Y’know…like a rocketship.It’s the difference between pushing the boulder uphill, and simply guiding it while it rolls downhill. Need another analogy? No, you don’t! What you need are actionable strategies to get your new business its first few wins, so success becomes a self-perpetuating cycle.Long story short, it comes down to concentration and focus. Applied strategically and consistently for a certain amount of time, your business will develop some momentum. Then, the fun begins. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you think the sky’s the limit, you’re forgetting what’s beyond the sky. Too often, entrepreneurs are held back not by market forces or competition, but by self-limiting beliefs. So how big can you really go? And how do you define “big” anyway?This episode isn’t a hollow pep talk. It’s about realizing that when you create your own future by starting your own business, you get to decide for yourself what’s possible. With real-world examples, we’ll explain how no matter how small you start, success can compound.This applies to our own business, too.It’s not that you have to set unrealistic goals or risk losing a good thing to shoot for a great thing. But if you stay open to incredible, seriously life-changing possibilities, you’ll ensure that your business doesn’t underachieve. Learn how to think bigger, and why you should. Click Play!SUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.