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The $100 MBA Show

MBA698 How Much Time Does it Take to Be Profitable?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 28 July 2016

⏱️ 12 minutes

🧾️ Download transcript

Summary

Success requires delayed gratification. But how much delay is acceptable? Many go into business resigned to not profiting for months or years. How long is too long? Our answer may surprise you. Today, we discuss the problem with the waiting game, and why "viable" is the operative word in "minimum viable product." Click play!

Transcript

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0:00.0

Heyo! Welcome to the $100 R&B A show. Building a business is not always easy, but it can get a bit easier

0:16.6

if you got the right skills and strategies. That's why we deliver our daily 10 minute business

0:21.4

lessons for the real world.

0:23.8

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

0:27.3

I'm also the co-founder of the $100 MBA, a complete business training and community online.

0:33.0

Make sure you check out all our free guides and courses over at 100 MBA.net.

0:39.0

In today's episode you will learn how much time does it take to be profitable. Many of us when we

0:45.2

think about starting a business we think about how long do I have to wait until I'm

0:49.3

actually making money? How patient do I need to be until my business is actually profitable. It's making a profit, after all my expenses.

0:57.0

Well in today's episode, I'm going to turn that question on its head.

1:01.0

And I'm going to answer that question, how long does it take to be profitable?

1:03.7

But I want to allow you to see things a little bit differently, as well as have a proper action

1:09.0

plan when it comes to starting a business and making sure your business is profitable because if you're not

1:14.1

profitable you're a charity organization not exactly but you know what I mean

1:18.4

let's get into it let's get down to business out of business. Today's episode of the 100 R&BA show is sponsored by We Are Podcast.

1:30.0

We Are Podcast is the largest podcasting conference in the Southern Hemisphere and they're back in 2016 for round two.

1:37.0

Learn from the best of podcasting with a mixture of keynotes, panel discussions, workshops, in-depth sessions, and a whole lot more.

1:44.4

We would love to see you there in beautiful Brisbane Australia.

1:47.6

Come and check it out and save $100 off with this special link.

1:51.4

We are Podcast. com slash one zero zero mba again that's

1:56.3

we are podcast dot com slash one zero mba mba

2:01.9

many people get into a business, start a business thinking, okay, I'm not going to be profitable

...

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