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The $100 MBA Show

MBA2468 Q&A Wednesday: I am making more revenue than ever but I’m still not rich. Why?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 15 May 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Are you working tirelessly to scale up your business revenue, only to find that your personal wealth isn't reflecting the success of your sales figures? You're not alone in this perplexing situation where the numbers just don't add up to a growing bank account. Omar tackles a question that stumps many entrepreneurs: Why isn't increased revenue making me rich?

Transcript

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0:16.0

Hey, welcome to the 100 R. M. B. A. A. A. A show. We're all about giving practical business lessons for the real world. I'm your host, your coach, your teacher Omar Zen Home.

0:19.0

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

0:24.0

Today's question is from Jamie and Jamie asks, I'm making more revenue than ever, but I'm still not

0:30.4

rich. Why? Great question, Jamie. This is something many entrepreneurs struggle

0:35.9

with. So you're definitely not alone. You're making more sales, you're getting more

0:39.6

customers, you're growing your team, you're making more zeros in your revenue than you've ever

0:43.9

dreamed but your personal wealth or even the health of your business is not

0:49.1

where it should be you don't feel comfortable in today's, we're going to break down why this happens,

0:54.4

what are some of the causes, and how to fix it. One of the things a lot of people talk about is that,

0:58.7

you know, business is hard work, there's a lot of sacrifice, and if you don't get a reward for that sacrifice after a long period of time

1:05.4

You will get demotivated if you don't see the wealth side of things where you're actually making more money keeping more money

1:12.4

Improving your life,

1:13.6

it's just going to get really demotivating after a while.

1:15.6

You just can't eat glass forever.

1:17.6

So let's stop that from happening.

1:19.2

Let's change things up.

1:20.4

Let's make sure more money is ending up in your pocket let's get into it let's get

1:25.4

down to business first of all I don't know the details of Jamie's financial

1:29.6

situation I'm not a financial advisor I'm not an accountant so I really can't advise him or give him financial advice that's specific to his situation,

1:36.0

but his question and his pain is something that I've heard over and over and experienced myself over the years where I'm making so much money in revenue

1:47.0

where I'm making sales. I have no problem moving product. I have no problem serving customers. I got plenty of customers. But if I look at my own personal

1:55.6

wealth or I look at my own profit in the business, it's just not there. It's all kind of

...

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