Hey, welcome to the $100 MBA show. I'm your host Omar Zen Home and welcome to another

Q&A Wednesday episode where we answer a question from one of you,

one of our listeners, one of our viewers, one of our community members. If you have a question you want to ask,

just head on over to 100MBA.net slash Q and you can submit your question right there.

Today's question is from Angela and Angela asks,

Is now a bad time to start a business?

This is a question on many people's minds, especially with the

uncertainties in the world today, with the economy, with inflation, with everything going on.

But did you know that some of the world's most successful companies were started during an

economic downturn. Companies like Microsoft, General Electric, and AirB&B, they all

began during tough times. And today I'm going to help you understand why there's no right time or wrong

time to start a business. The truth that I learned over the last 20 years in this game

called entrepreneurship or business is that the world doesn't really

change all that much.

I learned this from Jim Rone that the world basically repeats itself over and over.

If you look at the last 50 years the economic downturns that happen

they happen every 10 to 8 years it just repeats itself over and over right yeah

there's fluctuations in the economy yes there's new technologies yes there's shifts in the economy. Yes, there's new technologies. Yes, there's shifts in consumer behavior. But these are actually consistent. These changes are consistent.

It happens over and over and over. What really changes and what really makes the difference between success and failure

is you, your mindset, your skills, your ability to adapt are what determine your success.

Today I'm going to break down the four things, in my opinion, that really dictate your success in business.

Not the economy, not what's going on politically in the world, but these are the four things that will actually serve

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