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The $100 MBA Show

MBA1079 The Importance of Ignoring Vanity Metrics

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 28 August 2018

⏱️ 16 minutes

🧾️ Download transcript

Summary

Sit down for this one: your “likes” don’t matter. One of the easiest traps for entrepreneurs to fall into is chasing meaningless forms of validation. It doesn’t matter how many followers you have, or how “big” your business is. What matters is whether you’re making progress towards your overarching goals.

Transcript

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0:16.0

Hey, welcome to the hundred dollar MBA show Real Business Insights for Real World Businesses

0:20.4

delivered straight to your ears every single day with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher

0:24.5

Omar and home. I'm also the co-founder of the $100 MBA, a complete business

0:29.6

training and community online. And in today's lesson you will learn the importance of ignoring vanity metrics.

0:36.7

What do I mean by vanity metrics?

0:38.6

Twitter followers, Facebook friends, even the number of employees your business has. These are numbers, these are

0:45.2

statistics, these are metrics that people often show off or compare themselves to when

0:51.2

they really have no significant value to how your business is actually

0:55.1

doing. I know founders of companies that run nine-figure businesses with barely a

1:00.4

thousand Twitter followers, but I know some entrepreneurs that have hundreds of thousands

1:05.2

of Twitter followers and are struggling to hit the six-figure mark.

1:09.0

These metrics don't matter and they slow you down.

1:12.4

In today's lesson, I'll explain to you why you have to ignore these vanity metrics,

1:17.0

how to identify them, how they slow you down, and give you the tactics so you can stay focused on what matters in your business, what helps you grow your business,

1:26.7

and not get caught up with perceived clout.

1:29.2

This is so important.

1:31.3

I used to get lost in this world years ago and I'm so glad I've implemented these

1:36.2

strategies. Strategies I'll be sharing with you today. Let's get into it. Let's get down to business.

1:49.0

Support for today's show comes from Sideline. With the Sideline app, it's easy to add a second number to your smart phone

1:52.0

so you can separate work and personal numbers on one device.

1:55.8

Sideline comes with calling, texting, picture messaging, and more.

1:59.2

Giving you the value of a second phone for a fraction of the price.

...

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