Heyo!

Welcome to the $100 M.

Business Insights you can count on every single day with our daily 10 minute business lessons for the real world

I'm your host your coach your teacher Omar at home. I'm also the co-founder of Webinar Ninja, an independent software company I started my co-founder back in 2014. And today's episode is Free Riot Friday. On

Free Ride Fridays we give away a lifetime membership to one of our programs. We're giving away access to our

$100 MBA program. All you gotta do is leave us a rating and review on Apple

Podcast to enter our weekly random draw to have access to our full program helping you become a better entrepreneur.

We announce this week's winner a little bit later in the episode.

In today's episode, you will learn should you hire interns. Many entrepreneurs see

internships or hiring interns as a great low-cost way to get stuff done in

their business. But like anything in business, it's not that straightforward. We'll talk about the things you need to

consider before hiring an intern and if your business is in the position to actually

benefit from internships, if the interns are actually going to add value to your

company to your customers and also if your company can add value to the intern. So let's

get into it. Let's get it down to business. I've always been a big believer in you get what you pay for,

whether it's in business or in life. If you're going to hire somebody who's junior, who's a full-time employee, they're going to pay my salary,

you're going to expect them not to give you as much velocity, not as much production.

The quality of their work is just not going to be as good as somebody who has a bit more experience or a

senior person in that position. And you understand the trade-off. You understand you're going to

pay a little less, you're going to get a little less, and you have the potential for growth in the future, you can train them you can work with them they can learn and hopefully you can get into a position where they're great value because maybe they have a great attitude they have a good work ethic they're a good cultural fit for the business.

Now I have to mention that even with low paying jobs on interns just low paying

junior entry level jobs these positions are okay in certain areas of your business

...