MBA2499 Why I Never Needed Investors For My Businesses
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 26 July 2024
⏱️ 18 minutes
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| 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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