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The $100 MBA Show

MBA2559 How To Make Six Figures in Your First Year of Business

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.82.2K Ratings

🗓️ 13 December 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Ever wondered how to make six figures in PROFIT in your first year of business? Not just revenue, but what you actually KEEP? If so, this lesson is tailor-made for you. Imagine the confidence of knowing you can reinvest in your business while meeting your financial needs at home. That’s the power of hitting six […]

The post MBA2559 How To Make Six Figures in Your First Year of Business appeared first on The $100 MBA.

Transcript

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0:00.0

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

0:08.8

I'm your host, Omar Zin Home.

0:10.6

And in today's listen, you're going to learn how to make six figures in profit in your

0:15.9

first year of business.

0:17.1

Yep, I said profit, not revenue.

0:20.0

What you keep is what matters, okay? We want to hit a milestone

0:23.5

that actually impacts your life. So hitting this milestone is not just about earning big bucks.

0:29.9

It's about running a smart, effective, efficient business. In today's episode, I'm going to break down

0:36.2

step by step so you can make this happen.

0:39.1

Total transparency, I didn't make six figures my first year in my first business.

0:43.4

It took me a few times to learn how to do this. And I want to share with you what really matters.

0:48.1

Well, to focus on in that first year, so you hit that six figure mark in profit.

0:53.5

But first, did you know that only about

0:54.9

33% of small businesses hit six figures in revenue? Period. Not even their first year, let alone

1:00.6

profit. This is only revenue, right? And I picked up the statistics from the small business genius.

1:06.7

They have a great article on a lot of statistics on small businesses. And what I learned and with

1:10.6

the statistics show is that the difference is knowing where to focus

1:14.1

your time and your energy.

1:15.9

You only have a certain amount of time in the day.

1:18.1

You only have a certain amount of energy left after you do everything you have to do

1:20.7

for your life and work.

1:22.1

So what do you actually use that time and energy towards?

...

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