MBA2351 Why Chasing Home Runs is a Bad Idea + Free Ride Friday

The $100 MBA Show

Omar Zenhom

Careers, Marketing, Business, Entrepreneurship

4.9 • 1.2K Ratings

🗓️ 18 August 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

We often believe that success comes from one big, game-changing idea or business. But here's the reality: slow, incremental growth is the true key to long-term success.

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA show powering up your business with our practical
0:14.1	business lessons. I'm your host, your coach, your teacher Omar Zenholm. I'm also
0:18.7	the co-founder of Webinar Ninja, an independent software company I
0:21.6	started back in 2014.
0:23.4	And today's episode is Free Ride Friday.
0:25.2	On Free Out Fridays, we give away a lifetime membership to our $100 MBA program.
0:30.1	If you want to win a free ride, just go ahead and leave us an Apple podcast rating and review
0:33.9	and you enter our weekly random draw we call Free Ride Friday.
0:36.9	Listening on Friday to see if you want, it's that easy.
0:39.4	We announce this week's winner a little bit later in the episode.
0:42.8	In today's lesson you'll learn
0:44.9	why chasing home runs is a bad idea.
0:47.4	Many entrepreneurs, especially new entrepreneurs,
0:50.0	think that success lies in the big thing, the big idea, the one product of one business
0:56.1	that's going to blow up and make them successful, make them rich, and solve all their problems.
1:01.1	Many of us will keep chasing these quote-unquote
1:04.6	home-run ideas, home-run businesses, hoping that the next one will be the one
1:09.6	that's going to make us big and take us to the Promised Land. But this is a huge mistake and can cost you a lot more than you think.
1:15.2	In my experience, and the experiences of all the entrepreneurs that I've studied,
1:19.8	ranging from billion dollar companies to small businesses doing seven figures.
1:24.2	This is not how they get rich.
1:26.4	It's not how they get successful.
	...

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