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The $100 MBA Show

MBA293 When to Stop Bootstrapping Your Business Plus Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 19 June 2015

⏱️ 13 minutes

🧾️ Download transcript

Summary

For new entrepreneurs, we always recommend bootstrapping your business first. But overtime as your business grows, you will need to stop bootstrapping so you can grow out of that stage and start focusing on growing even more and building your team. Find out when to stop by pressing play!

Transcript

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0:00.0

Hey guys, today is Free Ride Friday, so make sure you hang on to the end of the episode to hear who won this week's free ride to the $100 MBA training and community.

0:09.0

That's a lifetime membership to all our training videos over 180 of them, workbooks, ask questions any time,

0:15.0

interviews with experts, and a whole lot more.

0:18.0

Every week, we give away a free lifetime membership

0:21.0

in our weekly random draw, and all you got to do is drop us on iTunes rating. free free ride in today's episode so make sure you hang on to hear that so let's jump

0:34.0

right into today's episode. Hey, welcome to the $100 NBA show, the business podcast that shows up whether rain or shine,

0:54.0

whatever the weather is, we're here with our daily 10 minute business lessons for the real world.

0:59.0

I'm your host, your coach, your teacher Omar Zenhome.

1:03.1

I'm also the co-founder of the $100 MBA,

1:06.4

a complete business training and community online.

1:09.2

And in today's episode, you will learn

1:11.0

when to stop bootstrapping your business.

1:14.0

At some point you can do everything yourself.

1:16.9

It's important to bootstrap in the beginning,

1:18.4

but at some point you're gonna have to grow out of that stage.

1:21.1

What are the signs that it's time to stop bootstrapping and

1:23.7

start building your team? We're gonna be talking about that in today's episode

1:27.4

it's very important because if you bootstrap too long it may cost you your

1:31.1

business. Let's get into it guys, let's get down to business. Today's episode of the $100 MBA show is sponsored by Intuit Quick Books.

1:45.9

If you work for yourself guys, save up to 50% for an entire year on the new Quick Book

1:50.5

self-employed.

1:51.6

It helps separate your business and personal expenses so you can quickly track what you spent for your work and what you spent on yourself. Quick Book Self Employed helps take the guesswork out of estimated federal quarterly taxes. So come tax time you know how much money

...

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