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The $100 MBA Show

MBA1284 Why You Would Want to Keep Your Business Small

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 11 June 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Sometimes, a small business should stay that way. Not everything has to scale. Entrepreneurship isn’t about creating the biggest company possible; it’s about creating the life you want for yourself. And if that life doesn’t involve making billions, or running a national business empire...you’re not alone.

Transcript

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0:00.0

Heyo! Welcome to the $100 MBA show! Whether your business is big or small,

0:13.4

we got your back.

0:14.5

Every day with our daily 10 minute business

0:16.1

lessons for the real world.

0:18.3

I'm your host, your coach, your teacher,

0:20.4

Omar Z at home.

0:21.8

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

0:25.5

community online.

0:26.5

And in today's listen, you will learn, why would you want to keep your business small?

0:30.8

Not every business needs to scale. Not every business needs to be on the New York Stock Exchange one day.

0:36.0

Or have a billion dollar valuation. There are many entrepreneurs out there that create businesses that are small and stay small.

0:44.0

Some of these businesses make half a million dollars a year, a million, two million dollars a year,

0:49.0

running with just themselves, and maybe a few freelancers or part-time workers.

0:54.0

Scaling a business is not for everybody.

0:56.6

It may just not fit with your lifestyle.

0:58.6

And that's what we're going to be talking about today.

1:00.3

What are some of the things that may be appealing to you in making that decision to keep your business small?

1:06.0

Because it's a conscious decision if you want it to be.

1:09.0

Just like what Paul Jarvis, the author of Company of One, spoke about in his guest lesson earlier this year.

1:15.2

This is totally doable, but it's all about what you want out of your business and out of your life.

1:19.6

Maybe you're willing to say small, maybe you're willing to deal with those trade-offs because hey, the benefits could be great for you.

1:25.8

In today's list we're going to paint that picture what a small business looks like, what the potential is,

...

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