MBA57 Should You Start An Offline Business?
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 22 October 2014
⏱️ 14 minutes
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Summary
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| 0:00.0 | Heyo! |
| 0:09.0 | Welcome to the 100 R&B show where business feels good like a warm day at the beach with our daily 10 minutes The In business. I've started an offline business in the past. I'm going to share my experiences, |
| 0:34.8 | tell you what are some of the big advantages of having an offline business, and what are some of the challenges |
| 0:39.9 | you'll have. I'll also share with you some life-saving advice if you're |
| 0:43.9 | starting an offline business what to look out for and how to do it right. What are |
| 0:47.8 | we waiting for? Let's get down to business! Now before I jump in and talk about should you start an offline business what do I mean by offline business? |
| 1:01.0 | When people say offline business they're referring to a physical business. When people say offline business, they're referring to a |
| 1:03.9 | physical business, a business that's not online. Either there is a physical |
| 1:08.2 | product or a physical store like a storefront in the real world where people interact in real life. So an offline business could be a |
| 1:15.9 | pizzeria, it could be a clothing shop, it could be a electronic store, it could be a barber shop. |
| 1:21.7 | All these are offline businesses because they exist in the real world in a physical location. |
| 1:26.0 | Okay, so should you start an offline business? |
| 1:30.0 | Well, it all depends on what kind of business you want to have. |
| 1:33.0 | As I mentioned I had an offline business. |
| 1:36.0 | It was actually quite a large business, one of my largest businesses I had |
| 1:40.0 | before I started the $100 MBA. |
| 1:42.0 | I sold custom- made clothing for men. I saw a need in the market |
| 1:46.6 | where men wanted to have custom tailored shirts. We sold dress shirts and some casual shirts as |
| 1:52.4 | well and that was my business I had a |
| 1:54.3 | physical product and when I first got started I didn't have a storefront I actually my |
| 1:59.3 | storefront were conventions and trade shows every two or three months we would set up our |
| 2:04.0 | booths at an expo hall or convention hall and we'd sell our clothing directly |
... |
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