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The $100 MBA Show

MBA1736 How to Make More Money With the Team You Have

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 4 March 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Need more revenue? Sometimes, we’re so focused on the quality of our product or marketing that we forget one thing: profit. To stay in business, lean startups need to keep their eye on revenue. Always. But especially in tougher times like these.

Transcript

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0:00.0

Heyo! Welcome to the $100 B. A Show because a better business begins with you every single day with

0:15.3

our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher

0:20.6

Omar is at home. I'm also the co-founder of Webinar Ninja and

0:23.8

independent software company. I started with my partner back in 2014 and in

0:28.4

today's lesson you'll learn how to make more money with the team you have?

0:33.8

Sometimes we think in order to make more money, I gotta grow my team.

0:37.3

I need to bring on new talent.

0:39.2

Sometimes we always default to you need to spend money to make money.

0:43.8

But many times that's simply not true.

0:46.8

In today's lesson I'm going to show you how to re-evaluate what everybody's doing on your

0:51.7

team, how to get them to focus on tasks that bring in revenue,

0:56.8

and how to get every team member motivated to bring in more cash.

1:02.3

So let's get into it. Let's get down to business.

1:05.0

Whether you're a team of one or a team of 100, there are certain tasks you can do to bring in more cash. And in today's episode I'm going to put on my

1:16.5

frugal hat on. I want to make sure we squeeze as much money out of the current team you already have.

1:25.0

Spending money is not the answer.

1:27.0

First, let's maximize what we can do with who we have.

1:31.0

Once we do that, we want to take things to the next level, then we can

1:35.9

consider bringing on somebody else on our team, but we need to maximize who we have right now.

1:43.0

And you'll be surprised how much output, how much benefit, how much money we can generate

1:48.2

in new sales if you just realign certain tasks for your team members, no matter what department they're in.

1:55.3

Before we get into the nitty gritty details, let's discuss what are the ways we can bring in money?

...

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