Heyo!

Welcome to the $100 MBA show.

Business Challenges solved every day with our daily 10 minute business

lessons for the real world. I'm your host, your coach, your teacher Omar Z at home. I'm also the

co-founder of the $100 MBA, a complete business training, and community

online. And today's episode is a Q&A Wednesday episode. On our Q&A Wednesday episodes, I answer a question

from one of you, one of our listeners. If you have a question you want to ask, just email

me over at omar at 100MBA.net. Today's question is from J.P. and J.P. asks,

how do I know if my business will succeed?

This is a question many aspiring business owners ask.

It's a valid one.

You don't want to invest all the time, the money, the effort, the anguish,

in building a business if it's doomed for failure.

Many of us want some sort of reassurance that things are going to be all right.

In today's the lesson, I'm going to get into this question, a very valid question. We'll talk about

success. We'll talk about your chances of it and how much of it is in your control. You might

be surprised by the answer. Let's get into it. Let's get down to business.

So in today's Q&A Wednesday, JPS, how do I know if my business will succeed?

Believe it or not, the first thing you actually need to answer is what is success?

What does success mean to you?

Everybody has to define their own meaning of success.

For one person, a successful holiday could be doing nothing for a week straight

...