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The $100 MBA Show

MBA2444 Q&A Wednesday: What is the most important tool you use in your business?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 20 March 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

What's the one tool that Omar considers the most important for his business? Ever wonder what it could be? Well, one listener did, and Omar spills the beans in this episode.

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the 100 R. M, because a better business begins with you.

0:13.7

That's why we deliver practical business lessons.

0:16.8

I'm your host, your coach, your teacher Omar is at home.

0:20.1

And today's episode is Q&A Wednesday where we answer a question from one of you, one of our listeners.

0:25.0

If you got a question you want to ask, go ahead and email me over at Omar at 100MBA.

0:31.0

Net. Today's questions from Len and Len asks,

0:34.0

what is the most important tool you use in your business?

0:38.0

Love this question from Len, because I use a lot of tools in our business. A lot of different software products, a lot of different apps,

0:46.3

Chrome extensions. I use physical calendars, journals, a whole bunch of different tools to make it all happen.

0:52.3

But what is the most important

0:53.9

tool? Well, I'm gonna get into it and you might be surprised by the answer, but

0:58.0

it's the honest truth. It's what really drives everything that is important in our business.

1:05.0

I'm going to get into the details of what it is and why it's the most important tool

1:09.0

and how you can start utilizing it as well in your business today. So's get into it let's get down to business

1:15.8

So what is the most important tool I use in our business a lot of people think it's going to be some sort of

1:20.8

complicated software or even a service or even some sort of AI tool.

1:25.9

But the honest truth is, the most important tool in our business is a spreadsheet.

1:31.0

Yep, plain old spreadsheets.

1:33.0

We like to use Google Sheets because it's in the cloud and we use the Google Suite.

1:36.8

But the spreadsheets rule everything, really.

1:40.2

Most importantly, a spreadsheet is used for your profit and loss sheets.

1:44.0

You can track how much money you're making, how much you're spending, what your profit is,

...

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