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🗓️ 11 November 2024
⏱️ 21 minutes
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Are you ready to hit that million-dollar mark in your business? Are you ready to catapult your revenue to millionaire status? If so, today’s lesson is exactly what you need. Omar walks you through the fastest way to make a million dollars a year in revenue, breaking down five crucial steps that he learned from […]
The post MBA2545 The Fastest Way to Make a Million Dollars appeared first on The $100 MBA.
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0:00.0 | Hey everyone, welcome back to the $100 MBA show. |
0:08.8 | I'm Omar Zin-home. |
0:09.8 | And in today's lesson, you will learn the fastest way to make a million dollars. |
0:15.3 | Now, let's get something clear first. |
0:17.9 | What do I mean by a million dollars? |
0:19.4 | Are we talking about just a million |
0:20.9 | dollars cumulatively or a million dollars a year? Are we talking revenue? Or we're talking |
0:26.5 | profit? So for today's lesson, we're going to be talking about how to make a million dollars |
0:31.7 | a year in revenue. Because if you're hitting a million dollars a year in revenue, you have a |
0:36.6 | viable business. If a business that's providing something that people want enough for you to make that kind of money |
0:41.8 | and it has potential to grow beyond that. |
0:44.6 | And this is what I've seen with many businesses that I've mentored and many entrepreneurs I've worked with, |
0:49.4 | that once you hit the million dollar revenue mark, sky's the limit. |
0:52.8 | You really can go beyond that |
0:54.9 | and you have something that's really got product market fit. So I'm going to walk you through. |
0:59.2 | What are the five things I think are most important to get you to a million dollar business |
1:05.2 | as soon as possible? And these are things that worked for me in my experience. It took me some time to get there. |
1:12.3 | And once I got there, I looked back and I thought, man, I worked on a lot of things that really didn't matter. |
1:17.7 | But these five things I'm going to share with you today really do matter and really make all the difference to helping you get to that million dollar mark. |
1:25.1 | But before that, quick stat that might surprise you, |
1:28.2 | did you know that the average self-made millionaire took about 12 to 20 years to make their first |
1:35.1 | million? That's according to a study by the Ramsey Solutions Group. Think about that. 12 to 20 years, |
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