Hey everyone, welcome back to the $100 MBA show.

I'm your host, Omar Zen home.

And in today's episode, you're going to learn why new ideas are keeping you poor.

This is going to be a wake up call from any of you because if you're constantly chasing new ideas,

you're not building wealth. The people who get rich, they know how to focus. They know how to

double down. They know how to stay consistent. I'm speaking out of experience here because

for many years, I was chasing the next idea. I was just a slave to the next idea that pops in my head. Let's go do this. This is a new business idea. This is a good product. Oh, I can't wait to try this out. And I was constantly going from one thing to another and I had no momentum, I had no consistency. I had no way to kind of build any kind of business that has any kind of value or reputation. And therefore, I wasn't

making any money. I wasn't making any significant wealth. Once I chose something to commit to and

was consistent, which I call pick and stick, where you pick and stick to what you're doing,

that's when I started to get momentum. That's when I started to build my wealth, started to build my business, started to be able to start thinking exponentially about what I can do

and what I can earn. So today's lesson is incredibly important because if you're having a hard

time getting traction, you're probably falling into this trap. It's time for you to get honest

with yourself and have a new

way forward. I'm going to show you how to do it. Let's get into it. Did you know that 70% of startups

fail due to reasons like lack of focus, poor planning, or they're trying to do too much at one time?

This was a study that I found from CB insights. And the data really

reveals that distractions will kill your business. It's just a matter of time where you run out of

time. And that's the thing about business is that you need consistency and you need enough reps

after another to learn to iterate to grow.

But if you're not doing the same thing over and over, you don't get a chance to learn, right?

You're starting over all the time and then you lose that compound interest of skills and reputation and customer testimonials and all that kind of stuff, right?

Today I'll explain how staying focused is the real secret to building wealth.

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