MBA558 Is Starting a Physical Business a Bad Idea?

The $100 MBA Show

Omar Zenhom

Careers, Marketing, Business, Entrepreneurship

4.9 • 1.2K Ratings

🗓️ 10 March 2016

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many people when they think of starting a business, the first thing that comes to mind is starting a physical business. But right now, you hear many entrepreneurs making their success online and you start to wonder, is starting a physical business a bad idea? Omar will share with you his personal experiences when it comes to running a physical business and tell you whether it's a good or bad decision. We always got your back! All you have to do is to click play!

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA Show, Best Business Podcast, Pound for Pound Because we don't fluff around with our daily 10 minute business lessons for the real world.
0:20.0	I'm your host, your coach, your teacher Omar at home.
0:23.2	I'm also the co-founder of the $100 MBA, a complete business training and community online,
0:29.3	and in today's lesson you will learn, is starting a physical business a bad idea is starting a
0:35.6	traditional brick and mortar walk into the store type of business a bad business
0:41.1	decision many people think that the best way to go is to have an online business,
0:46.0	but some of us want to have a physical store.
0:48.0	Is this a bad move?
0:50.0	Is having a physical store a bad long-term decision?
0:53.2	What are some of the experiences I've had being a part of a physical store?
0:57.8	We get into it in today's lesson, so let's get down to business.
1:12.0	Today's episode of the $100 MBA show is sponsored by Hostgator, your all-in-one website solution. Sign up with HostGator for as little as $5 a month
1:16.2	and you get all their resources.
1:18.5	24-7 life support via phone chat and email,
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1:25.6	Save 30% with this special promo code.
1:28.5	Go to HostGator.com slash MBA30.
1:31.4	Again that's HostGator.com slash MBA 30.
1:36.4	Some of us entrepreneurs out there we want to start a physical business. We want to have a
1:40.4	physical store, a storefront. We want to interact a physical store, a storefront.
1:43.1	We want to interact with our customers and our products in real life.
1:48.3	Now this is not to belittle online business.
	...

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