MBA1741 The Perfect First Business
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 11 March 2021
⏱️ 11 minutes
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| 0:00.0 | Heyo! Welcome to the $100. |
| 0:01.0 | Your personal business boot camp every single day with our daily 10 minute business |
| 0:16.0 | lessons for the real world. |
| 0:18.1 | I'm your host, your coach, your teacher Omar's at home. |
| 0:21.2 | I'm also the co-founder of Webinar Ninja and independent software |
| 0:24.3 | company I started with my partner back in 2014 and in today's lesson you |
| 0:28.7 | learn what is the perfect first business for you to start. If you are looking to get into |
| 0:35.7 | entrepreneurship you're trying to figure out which business model is a good |
| 0:40.6 | first business. Whether you want to start it as a site hustle while you're working or you're going to go all in full time. Not all businesses are created equal. Some businesses have a much higher threshold for risk, require a lot of capital to get started, |
| 0:56.8 | require a lot of manpower. |
| 0:58.2 | But in today's lesson, we're going to take a stroll down Easy Street. |
| 1:01.6 | I'm going to describe to you a good first business to start. This is a very |
| 1:06.4 | viable option for you. I'll be sharing from my own experiences how this type of business |
| 1:11.7 | is easy to start, inexpensive to fund, and low risk to scale. |
| 1:17.4 | So let's get into it, let's get down to business. |
| 1:21.9 | Starting your first business can be scary, intimidating, nerve-wracking, and frankly just risky. |
| 1:28.0 | There's so much you don't know yet because you just don't have the experience under your belt. So it's really important for you to |
| 1:34.4 | mitigate that risk. Too many first-time entrepreneurs shoot for the |
| 1:39.0 | stars. They start like a software company that requires a lot of talent, a lot of |
| 1:44.8 | engineers, a lot of funding. Or they get into e-commerce and they want to sell |
| 1:50.3 | physical goods and items in their e-commerce store which requires inventory, storage, |
| 1:57.1 | tons of technology and a lot of customer headaches. |
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