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The $100 MBA Show

MBA2499 Why I Never Needed Investors For My Businesses

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 26 July 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Ever thought about whether you really need investors to build a successful business, or if it's possible to thrive without their backing? Many entrepreneurs believe that securing investor funding is crucial for launching and growing their ventures. But what if there's an alternative path that's just as viable, if not more rewarding?

Transcript

Click on a timestamp to play from that location

0:16.0

Heyo! Welcome to the $100 NBA show, no fluff, just the good stuff with our practical business lessons. I'm your host, your coach, your teacher, Omar is at home.

0:19.0

And today we're diving into a topic that's really close to my heart and something I get asked

0:24.9

about a lot.

0:26.4

And it's why I never needed investors for my business.

0:30.1

Many entrepreneurs believe that securing investors is a crucial step to building a successful business,

0:35.7

but I've taken a different path.

0:37.3

Today I'm going to share with you the four reasons why I've chosen to bootstrap my businesses and how this approach has benefited me.

0:45.6

Now I'm not saying that I will never get investor funding, but up to this point, these are the

0:50.5

four reasons why I decided to go the bootstrap route.

0:54.7

Let's get into it.

0:55.8

Let's get down to business.

0:57.8

I absolutely love business.

1:00.5

I love the game of business. The strategy, the challenge, the personal growth that you experience.

1:08.0

And in a lot of ways, the more challenging it is, the more beneficial is for you. Now, I'm not a glutton for pain. I think that to some

1:16.7

extent you should try to make things easy on yourself, especially in the beginning when you're trying to grow and

1:21.1

trying to get some traction and get some wins under your belt.

1:23.6

But having the constriction of money, of finance, it actually helps a lot when it comes to you

1:30.4

and growing your business in a smart way in a practical way and I'll explain in

1:35.4

today's lesson. Let me start with the first reason why I've never taken

1:38.8

investor capital and bootstrapped all my businesses and the first reason is taking on all the responsibility.

1:45.9

For me, it was crucial to prove to myself

1:49.6

that I could create a successful, profitable business on my own.

...

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