Hey, welcome back to the $100 MBA show.

I'm Omar Zin-Home, and in today's lesson, you will learn whether being a

solopreneur is a good idea.

Spoiler alert, it's okay to start this way.

I started out as a solopreneur, but you can easily be trapped into something

that's far from true entrepreneurship. I'm very, very opinionated when it comes to this because I was

trapped for a bit of time and it's not fun. Today, we're going to dive into why you need to move

beyond solopreneurship as a model of

business and build a sustainable, scalable business to improve your quality of life and be

able to really build something that's significant.

Okay, we're going to talk about what that really means.

And I'm going to show you how to do it too.

I'm going to show you why it's important.

And then what are the steps you need to take,

the steps I took to break free from solopreneurship. When I was prepared for today's episode,

I learned an incredible status that really shocked me. 78% of small business owners in the US are

self-employed with no employees. That's according to the US Census Bureau. Most businesses

start this way, but many of them stay this way. And today I want to show you how to get out of

that cycle of trading time for money and go beyond, you know, this sole entrepreneurship stage.

It's just a stage. I kind of see it as like having training wheels on a bike. You got to take off

the training wheels eventually and have a full-fledged business. So what do I mean by real business or true entrepreneurship? Essentially, it's you stopping the cycle of trading time for money. It's you using a form of leverage. And there are really four basic forms of leverage. I'm going to go

through them. But I'll be kind of going into detail throughout the episode because they're so

...