MBA2373 The 3 Things You Must Spend on to Grow Your Business + Free Ride Friday

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 6 October 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As entrepreneurs, we often find ourselves wondering where we should invest our hard-earned money to ensure the growth and success of our businesses.

In this episode, Omar will share with you the three essential areas that require your financial attention in order to keep your business on an upward trajectory. Drawing from his own experience as the co-founder of WebinarNinja, Omar will reveal why investing in skills and knowledge is crucial for both you and your team. We'll discuss how continuous learning and development can lead to better decision-making, hiring, and overall success.

So, whether you're just starting your business or looking to take it to the next level, this episode will give you the guidance you need to make smart investments and ensure the growth of your business. Click Play!

Transcript

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0:15.8	Heyo! Welcome to the $100 MBA Show, the business podcast, I always got your back with our practical business lessons. I'm your host, your coach, your teacher Omar Zenholm. I'm also the co-founder of Webinar Ninja,
0:21.6	an independent software company has started back in 2014.
0:24.8	And today is Free Ride Friday.
0:26.6	On Free Ride Fridays, we give away a lifetime membership to the $100 MBA program.
0:31.3	Our six-part course on how to become a better entrepreneur, 100% gear. and our
0:35.0	weekly course on how to become a better entrepreneur, 100% guaranteed. Just leave us an Apple podcast rating and review
0:38.0	and you enter our weekly random draw.
0:40.0	We call Freer out Friday. Listen out on Friday to see if you want, it's that easy.
0:43.3	We announce this week's winter a little bit later in the episode.
0:46.6	In today's episode, you'll learn the three things you must spend on to grow your business. There's a lot of things you can spend your money on to keep your business going.
0:55.0	But if you want to grow your business, these three things are essential.
0:59.0	I've run many different kinds of businesses,
1:02.0	physical product businesses, e-commerce, a software company,
1:05.3	courses, training, you name it. And it didn't really matter what I sold. I needed to spend money on these
1:10.2	three areas to make sure my business kept on growing. So I want to share
1:14.8	those three things with you today and give you some insights on how to get
1:18.4	started, how to implement and make sure your business is always on the uptick.
1:23.2	Let's get into it, let's get down to business.
1:25.8	So what is the first thing I recommend you spend on to grow your business?
1:31.5	With whatever profits you're making in your business, what do you want to invest in or reinvest in?
1:36.5	And the first thing is skills and knowledge, meaning you should be investing in yourself and your team in getting better all the time.
1:46.3	It's the best investment you can make because if you're better, you're going to make better decisions,
	...

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