The $100 MBA Show

In business, it's about both "who you know" and "what you know." "Who you know" provides opportunities and networking, but "what you know" is equally important.  As a beginner in business, networking is essential to meet people and build relationships. However, it's important to approach networking with a spirit of generosity and adding value before asking for anything in return.  It's equally imp...

As entrepreneurs, we need to be driven by the sense of accomplishment and pride that comes from putting something good out in the world. Doing something we love or are passionate about is crucial to maintaining that drive over time.  This episode is all about practical advice on how to choose the right side hustle to focus on and strategies to make it successful and sustainable in the long term. ...

The way buyers interact with businesses has changed. Buyers no longer want to interact with multiple car dealerships when buying a car, instead preferring to search online and conduct their own research. It is important to meet those changes and understand your customer's language and needs. Our guest teacher Steven Mark Kahan shares his expertise on modern digital marketing strategies to help inc...

Are you optimizing for the wrong things in your business? It can be easy to focus on the wrong things in your business and lose sight of why you started in the first place. In this episode, we dive into the importance of planning and focusing on the right goals. It's essential to take a step back and evaluate whether the actions you are taking in your business are optimized for the goals you set o...

Inflation affects businesses and consumers alike, and the decision to raise prices is a difficult one for many entrepreneurs. In this episode, we dive into the question of whether or not you should raise your prices with inflation.  It's important to note that even successful companies like McDonald's would go out of business if they continued to sell their products at extremely low prices. High i...

Are you struggling to keep up with the day-to-day tasks of your business, leaving you with less time to focus on growing your business? If so, then you don't want to miss today’s Guest Teacher lesson with John McKenna on How to leverage a virtual assistant to scale your business. John McKenna, CEO of Peachtree VA , shares his expertise on using virtual assistants to help grow your business, taking...

The first and most important lesson for new entrepreneurs: don’t try to create the “perfect” product or service. Instead, start with an MVP — a Minimum Viable Product you can improve on. That’s how you find out for sure that your idea is worth investing more time and money in, while simultaneously building the foundation of your customer base. An MVP is a basic version of your product that’s good...

It’s a common problem for newer and smaller teams: they have the goods, they have the skills, but they’re untested. Unproven. And they don’t trust themselves to make decisions on their own.  In business, confidence is earned. But it can also be fostered and cultivated by a great leader. It’s Q&A Wednesday, and we’ve got a listener whose team is great at everything they do, but just can’t seem to b...

Struggle to write great copy? Hit a wall when you’re trying to craft that perfect email campaign or video script? We’ve got a tool that’ll help you find the perfect narrative and turn you into an ace copywriter. …and no, they’re not a sponsor, and we’re not an affiliate. This thing just rocks.  Today is a rare “Must Have” product review of Storyteller Tactics . Storyteller Tactics is a deck of car...

Hit a sales slump? Is the ‘Profit’ side of your Profit & Loss sheet looking less than ideal?  The solution might be as simple as two words: Retargeting ads. These. Things. Work. Today, we explain how. In our experience, retargeting is an incredibly efficient, cost-effective way to create new customers and get the chance to turn them into lifers. In this episode, we unpack exactly how to set up and...

Ever wonder how some of these wildly successful entrepreneurs did it? The ones who went from startup to “never worry about money again”? You’re not the only one, and there’s a new podcast you’re gonna love. Today we’re sharing an episode of My First Million Podcast — a top 25 business podcast where Sam Parr & Shaan Puri brainstorm business ideas you can start tomorrow. Sometimes they bring on famo...

For a small business owner, “I quit” can be a terrifying thing to hear, especially from a key player. But that’s exactly what one of our listeners is going through. Fortunately, we have some experience in this arena. It’s Q&A Wednesday, and we’re helping this listener keep calm — and keep their business on track.  Sudden personnel loss is a problem, but not as much as being unprepared for it is. Q...

Money is an emotion. While we like to think of wealth-building as a purely rational or strategic exercise, those who ignore the psychological component are at a disadvantage.  Today’s Must-Read explores how your heart & soul — not just your profit & loss sheet — impacts your ability to thrive in business. The Psychology of Money by Morgan Housel isn’t your average entrepreneurship guide. It serves...

Business is a tightrope: lean too far in one direction, and you’ll fall. That’s why every entrepreneur has to carefully balance producing and developing their product against marketing and selling it.  How do you know if you’re doing too much or too little of either? Without sufficient marketing and sales, funds dry up, and you can’t ensure your product meets peoples’ needs. But if you neglect pro...

Ready for new funding? You don’t have to take on a loan or an investor. There’s an option that straddles the line between both: debt financing, or, as its proponents like to call it, "non-dilutive" funding.  Never heard of it? This is the episode for you. Heard of it, but not sure how it works? We got you. It’s Q&A Wednesday, and one of our listeners needs to know if debt financing is the right mo...

What is “wealth” anyway? With modern material comforts well beyond what even the most powerful monarchs enjoyed centuries ago, you'd think we'd all be feeling pretty rich. Yet the goalposts of what defines wealth keep moving.  So how do you actually become “wealthy”...whatever that means? Today, we explore a fresh take on the concept from one of this century's most impactful investors and influenc...

Have you missed the boat on podcasting? It’s a crowded field out there, with podcasts from every self-annointed expert with a microphone and some free time — so should you even bother? The short answer is yes. Today, we address a question that Omar gets…oh, about a zillion times a week. Thing is, there are lots of reasons starting a podcast is harder today than it was when the first episode of The...

Every business owner goes through tough times, those truly awful moments when the wins seem unreachable. Even the most successful entrepreneurs go through this, time and again. So how do they deal with it? How can you navigate those ugly times and keep moving forward? How do seasoned entrepreneurs press on when things seem hopeless? It's Q&A Wednesday, and one listener is experiencing hardships in...

What does it really take to run a remote team? As businesses grapple with the choice to bring employees back to the office or maintain COVID-era remote work policies, entrepreneurs find themselves at a crossroads.  Liam Martin, founder of remote team management software Time Doctor, still believes remote work is the future. Today, Omar and Liam explore the secrets to asynchronous success! Omar and...

Will your business make it, realistically? Does it offer what people really want? Do you have the skills, assets, and resources to succeed as an entrepreneur? How can you even tell? In other words, are you good enough?  Today, we nail down what "good enough" actually means in the world of entrepreneurship —  and how you can gain a realistic sense of your business's chances of success. We'll share...

What’s the best venue for a productive retreat? Where your team or network gets together matters a ton — but with so many hotel alternatives available, is it smarter to go with a short-term rental? It’s Q&A Wednesday, and one listener needs to know. This fellow entrepreneur has a retreat to plan, and wonders whether an AirBnB or something like it is a smarter move than a full-on proper hotel. Fort...

Can you have both money and a ton of free time? Is it actually realistic to build a business that generates multiple millions in annual profit, but doesn’t take more than 4 hours a day to run? Turns out, yeah. Today, Omar sits down for an extended interview with Steve Chou. Steve doesn’t work all that much, because he’d rather hang out with his kids. And who wouldn’t?  But making that dream a real...

How do you know the person sitting in front of you is a bad hire? We’ve found out — the hard way, and more than once. Today, we invite you to let our mistakes be your guide. Seriously. Listen to this episode before your next interview! It's exciting to build a team. It’s a sign your business is growing, and you’re about to experience the joy of delegating tasks to specialists so you can focus on l...

If you're a new entrepreneur, the best way to start is by "bootstrapping" your first business: as in funding it with only your own resources, rather than getting a loan or outside investment. Why? Well, that’s exactly what we’ll get into in today’s episode. Truly seasoned entrepreneurs will tell you that your first business is not likely to be the one that brings you long-term success. That doesn’...

What makes a sales video convert? And what do you need to make it happen? The answer might surprise you — and cost less than you think, at least in strictly financial terms.  It’s Q&A Wednesday, and we’ve got a listener who wants to sell their online course with a top-notch video pitch. But they need to know what tools are best for the job.  Fortunately, we’ve been there. Many, many times. Today,...