MBA2540 Q&A Wednesday: How Do I Make My First $1 in Business?
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 30 October 2024
⏱️ 16 minutes
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| 0:00.0 | Hey everybody welcome back to the $100 NBA show I'm your host Omar |
| 0:09.4 | in home and welcome to another Q&A Wednesday episode where we answer a question from one of you, |
| 0:15.0 | one of our listeners, one of our community members, |
| 0:17.0 | one of our viewers on YouTube. |
| 0:18.0 | Today's question is from Ken and Ken asks, |
| 0:21.0 | how do I make my first dollar, my first sale in my business? |
| 0:27.0 | Listen, I remember the first time I made my first dollar outside of my paycheck. |
| 0:30.8 | I was side hustling, building businesses on the side. I remember when I made that first sale, it was like this epiphany, wow, I can make money outside of a paycheck. I can become financially free outside of my job. |
| 0:42.6 | And it's a great moment and I want everybody who's on this podcast listening on YouTube, |
| 0:48.6 | wherever you're consuming this show right now, I want you to experience that because it's an incredible feeling because it's a feeling of autonomy of freedom |
| 0:56.2 | And I'm going to show you how to do it in today's lesson. But before that, did you know that more than 20% of small businesses fail in the first year. |
| 1:05.0 | That's according to the U.S Bureau of Labor Statistics. |
| 1:08.0 | Many businesses just don't make it. |
| 1:11.0 | And it's because they never get off the ground they never get that first sale they |
| 1:14.3 | never actually get any traction and today we're gonna change that we're gonna |
| 1:18.0 | make sure that you get that first sale as soon as possible like that first dollar |
| 1:22.2 | because it's the first step of many steps that are |
| 1:26.5 | going to lead you to financial freedom through your business. |
| 1:29.2 | So let's start with the first step. |
| 1:31.0 | The first step is focusing on selling and not building. So many |
| 1:36.2 | entrepreneurs I know the first thing I think about is creating an app, creating a |
| 1:39.3 | product, creating a service, getting all the details in order, and then start selling it. |
... |
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