Heyo, welcome to the $100 MBA show, helping you grow with our practical business lessons.

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

And in today's lesson, you will learn what businesses you should never start as your

first business. When you are new to entrepreneurship, when you're starting your first business,

there's a lot of things that you need to learn, a lot of skills you need to take on, a lot of

mindset shifts. It's a whole lot of stuff that you need to adapt to. Regardless of what kind of business it is, whatever you're selling, whatever the market

you're in, you're going to need to learn things like finance and management and hiring

and leadership and marketing and sales and productivity and time management and a whole bunch

of other skills.

So you can do this business thing.

So there are certain businesses that are a whole lot

easier to start than others. So you want to make sure you steer clear from these businesses in

today's episode as your first business. Of course, there are going to be some exceptions. I'm going to

talk about those as well. But if you want to have the highest likelihood of success in your first business, then you

want to listen up to this episode. And it's really important to really get that momentum

in the beginning is to start your first business, get some wins, taste success, get some

profits, get some money in your pocket, learn the ropes, and then after you have one solid business experience

under your belt, you can start to venture and think about some other options out there.

So let's get into it.

Let's get down to business.

There's so many different kind of business ideas and different business models that you can start.

But today I want to share with you three major business models,

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