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The $100 MBA Show

MBA2474 Q&A Wednesday: Do I need to be more pessimistic as a business owner?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 29 May 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Is it possible to be too optimistic as a business owner? Kathy, one of our listeners, grapples with this question, wondering if a shift toward pessimism might actually pave the way to greater success. This episode delves into the balance between optimism and realism in the challenging world of entrepreneurship.

Transcript

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0:00.0

Heyo! Welcome to the $100 NBA show Practical Business Lessons you can count on from the real world

0:16.4

I'm your host your coach your teacher Omar Zen Home and today's lesson is Q&A Wednesday

0:22.3

where we answer a question from one of you, one of our

0:24.4

listeners. Today's question is from Kathy. And Kathy asks, am I too optimistic? Do I need to be more pessimistic

0:31.9

as a business owner? I see the good in people and maybe trust them too

0:36.2

much. I also see the big picture and dream big for our business. I often only see the bright side in the situation.

0:45.6

Am I too optimistic? Do I need to be more pessimistic to be successful?

0:50.3

Very interesting question from Kathy and I have an answer for her. I definitely

0:55.0

resonate with you Kathy because I am more of an optimistic person. I am more of a kind

1:00.7

of person that tries to see the good in people, hope for the best, and loves to dream big.

1:06.0

But over the last 20 years in business, I learned a few lessons on how to calibrate that, and understand, you could be optimistic but also have a

1:15.9

contingency plan if things don't go to plan if people do disappoint you if things

1:21.2

go sideways and that doesn't mean being more pessimistic just

1:25.8

means being more prepared I'm gonna get into the details of this what this

1:29.2

exactly means and how to prepare how to approach trusting team members or colleagues or partners

1:36.5

in business without getting burnt.

1:39.0

Let's get into it.

1:40.0

Let's get down to business.

1:41.9

One of my favorite quotes and something that I've learned over the years in business

1:45.2

is trust but verify.

1:48.2

Okay?

1:49.2

It's okay to trust people, especially if they have a good reputation, if they've given you no reason not to trust

...

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