Heyo! Welcome to the $100 MBA show. Your business gets better with our practical business lessons. I'm your host, your coach, your teacher, Omar is at home.

And in today's lesson you will learn how to know if your business will succeed. Many entrepreneurs and

aspiring entrepreneurs don't even get started because they're wondering

will my business succeed? Is it worth my effort to get started and build and invest and hire a team if my venture is going to fail?

I'm so tired of this excuse that I'm going to show you today exactly how to find out, how to calculate if your business will succeed or not.

It's actually quite simple, it's actually not that complicated.

So once and for all, you will know whether your business is up and running or you haven't started yet

if it's gonna make it if it's going to succeed if it's going to win I'll show you

in today's episode so let's get into it let's get down to business.

Let's start by defining what is success. Let's agree on what success means and I think

the best definition to be objective is every business should strive to be profitable.

This should be the goal, it should be the standard, this equals success.

Everything beyond this is great.

When I say profitable, I mean that after you've paid all your expenses in your business,

including your own salary, so that you can sustain yourself, there's still more money than you are spending. Even if that amount is $1, that is success.

You have a sustainable business. You have a business that is making more than it's spending.

Obviously we want to have more of a margin,

we want to make much more than what we're spending,

but it's a start.

There's levels to success.

So how do we find out if we're going to hit that target?

How do we know if the business that we're about to start or we are doing or

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