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The $100 MBA Show

MBA2298 How to Know What to Spend More On + Free Ride Friday

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 28 April 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

You’re in profit. Congrats! To keep it that way, you have to reinvest. But where? How much? Where you put your money will determine if your business grows or stagnates.

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the $100 R. M. B. A. A. A. A. A. A show. The place to be to build a business you want every single day with

0:14.5

her daily 10 minute business lessons for the real world.

0:17.6

I'm your host, your coach, your teacher Omar Zenholm.

0:20.5

I'm also the co-founder of Webinar Ninja, an independent software company. I start with my co-founder back in 2014.

0:26.0

And in today's episode, it's Free Riot Friday. On Free Heart Friday, we give away a lifetime membership to one of our programs.

0:31.0

We're giving away the $100 MBA. Our full six-part

0:35.7

course on how to become a better entrepreneur, 100% guaranteed. If you want to win a

0:40.3

free ride, just leave us an Apple podcast rating and review and you enter

0:43.7

our weekly random draw. Listen in on Friday just like today to see who won, we announced

0:48.1

this week's winner a little bit later in the episode. In today's episode, you will learn

0:52.3

how to know what to spend more on.

0:54.0

One of the most critical but difficult decisions you're going to need to make in your business

0:58.0

is knowing how to allocate your funds.

1:01.0

You're going to start making money, you're going to start making money, you're going to start having

1:02.7

customers, you're going to start making revenue, how do you actually reinvest in

1:06.8

your business in the right things? Do you spend it on a new employee? Do you spend

1:10.5

it on marketing? Do you spend it on infrastructure or tools? Do you give it to yourself as a dividend? But more importantly, what do you spend more money on? Where should you reinvest in your business to get maximum results?

1:24.2

Money is an amplifier, it's an accelerator to success,

1:27.6

but it all depends on where you allocate it.

1:30.7

So let's get into it.

1:31.8

Let's get down a business.

1:35.0

One of the hardest lessons I've learned in my over 20 years of building businesses is that you have to, you have to, you have to, you have to track what you do. You have to track your efforts and the results of your efforts.

...

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