The $100 MBA Show

Latest Episodes:

MBA1972 Should You Offer Your Product in an App Store + Free Ride Friday Jan 28, 2022

Show notes

So you created an app. But can you sell it totally on your own, or should you make it available on the most popular marketplaces: the App store, Play store, etc?

What do you have to gain? What do you have to lose?

Today, we run a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for independent app developers. There are very good reasons to work with a major app store, but also undeniable drawbacks.

So what’s your move?

Tune in to this discussion, and decide if being on a big app marketplace can work in the context of your specific business model. We’ll lay out the facts, so you can make the right decision for you.

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MBA1971 How To Ensure You Become a Better Business Owner in 2022 Jan 27, 2022

Show notes

If you’re not growing, you’re dying.

That’s just as true for a business founder as it is for the business itself. If you’re not improving your ability to run a business, your business can stagnate.

In other words, you can never stop upping your game.

But how do you go about that? What can you do in concrete terms to make sure you’re developing as an entrepreneur? In this episode, we help you do exactly that.

Today, we explain how to identify and narrow down key areas of improvement to focus on over the course of the year. This isn’t just advice we’re giving; it’s the exact system Omar uses annually, including for 2022.

Get a handle on your professional development, and take specific action to keep your butt off your own laurels. Click Play!

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MBA1970 Q&A Wednesday: How do I handle health insurance for my global remote team? Jan 26, 2022

Show notes

Some countries cover their citizens’ healthcare needs. Some cover a portion. In others, employers are the only real source of coverage.

So if you’re hiring globally, what the heck kind of health plan do you even offer?

It’s Q&A Wednesday, and one of our listeners is building a borderless distributed team. How can they possibly accommodate the needs of…everyone? It’s a fair question, one that’s becoming more important as remote work becomes the norm.

In this episode, we discuss all the factors you have to consider, and how expectations vary from nation to nation.

Learn what you can expect when it’s time to hire from abroad, and where to find help and services that help small businesses tackle the healthcare question. Click Play!

To submit your questions, visit 100mba.net/q.

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MBA1969 Do You Need To Hire A Full Time Website Manager? Jan 25, 2022

Show notes

As we like to say, your website is your biz.

Even if you have a physical store or office, your site can make or break your whole operation.

But of course, every website needs regular maintenance, updates, and protection from cyber-threats in order to run properly. Is that the kind of thing you can do on your own, indefinitely? Or do you need someone to be in charge of it?

More importantly, is this “someone” a full-time hire?

Today, we discuss what your website needs, and who your website needs. If something goes wrong, every minute your site is down can cost thousands. And even when everything is working fine, constant tweaks and updates are necessary.

Even if you’re a solopreneur for now, your website’s needs will grow with your company. At some point, ensuring those needs are met may be worth a full-time salary. Click Play!

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MBA1968 Guest Teacher – Jessica Norwood – How to overcome adversity as an entrepreneur Jan 24, 2022

Show notes

It’s been quite a year for adversity.

From a global pandemic and its effects on hiring and supply chains, to a drastic reckoning with structural inequality, times got tough.

But as any successful entrepreneur will tell you, navigating adversity is the one skill that everyone in every business needs. So how can you dig deep and respond constructively when the struggle becomes real?

Jessica Norwood is an activist and entrepreneur who specializes in overcoming adversity. Today, she’s here with 4 powerful insights that only experience with true adversity could produce.

Entrepreneurship is about being challenged; the choice to start a business is a choice to face adversity head-on. With this lesson, Jessica shares practical wisdom that can prepare pretty much anyone in any industry to adapt and overcome. Click Play!

Runway

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MBA1967 How to Increase Profits With Lower Prices + Free Ride Friday Jan 21, 2022

Show notes

Let’s be clear: we almost never recommend lower prices.

In fact, we spend lots of time on this podcast encouraging people to charge more. Often, raising prices is the best way to boost overall revenue.

Often, but not always.

Today, we explain how lower prices can be a powerful tool — when applied correctly. There is a way to sell to the clearance-bin crowd that won’t kill profit, or devalue your brand or products.

…and it’s one of the best ways to grow your business.

If we sound self-contradictory, give this episode a listen. You’ll see what we mean! And you’ll walk away with an excellent strategy for taking your business to the next level. Click Play!

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MBA1966 Does Having an Office Space Make Sense in 2022? Jan 20, 2022

Show notes

So..are we ever going back to work?

More importantly, should we?

Not ‘work’ as in doing work, of course. We mean going back to the physical, brick & mortar office space that used to be a requirement for any business, big or small.

The key phrase is “used to be.”

Office space is expensive, especially for new and small businesses. For all that money, is it really worth it? Has COVID shown us that the office is a thing of the past? Today, we explore that question, and offer our own answers.

Spoiler alert: our company has never had an office. Ever.

Even before the pandemic, we hired remotely for literally every position, and we wouldn’t have it any other way.

But on the flip side, our host Omar maintains an office space outside the home for himself. Find out why, explore your own options, and discover your own answer to the remote vs office question. Click Play!

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MBA1965 Q&A Wednesday: How do I fire my brother? Jan 19, 2022

Show notes

Well this is awkward.

However, it’s not that uncommon. Hiring family members who just don’t work out is a thing that happens. In fact, it even happened to Omar!

It’s Q&A Wednesday, and it also happened to one of our listeners. Six months into a new position, and one business founder’s brother just isn’t up to the task. How in the world do you let a close family member go without creating chaos at home?

There is a way.

It’s not easy, but it’s not supposed to be. The good news is that — if you handle the firing properly — both your business and your relationship can recover from it.

Learn how to handle one of the most difficult situations a business (and a family) can face. Click Play!

To submit your questions, visit 100mba.net/q.

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MBA1964 Top 5 Website Mistakes Jan 18, 2022

Show notes

What’s the difference between a website that works, and one that doesn’t?

When we say ‘works,’ we mean the site’s ability to reach an audience, generate leads and sales, and represent your brand.

In our experience, most ineffective sites are suffering from one or more of 5 specific mistakes. These common no-no’s are like cinderblocks tied to the neck of your business. They’re holding you back, and you shouldn’t waste any time getting rid of them!

Today, we share the absolute do-not’s.

We’ll discuss how each of these screwups can ruin even the best-designed website — and hold back any business, no matter how great its potential. For the majority of us, the website is the business. So making sure it performs is critical.

Learn what people do wrong, how to check for it, and how to fix it. Give your business website a health check, and make the changes necessary to unleash its true potential. Click Play!

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MBA1963 Guest Teacher – Joe DiChiara – How to set up and manage a business’ finances Jan 17, 2022

Show notes

We’re not all great with numbers. And we don’t all know the rules.

If you’re thinking of starting a business, but not sure how to do the whole financial management thing, you’re not alone.

That’s why we brought an expert in for advice. Joe DiChiara is a rare combination: successful independent entrepreneur and CPA (Certified Public Accountant). While most CPA’s work for someone else, Joe knows what it takes to build your own business — and how to make the finances part a little easier.

The key is to get ahead of it.

Today, Joe explains what you need to do now, so that you’re not overwhelmed by financial stuff later. With straightforward, practical instructions, Joe demystifies accounting, so you can get a firm handle on it — and prevent potential legal trouble down the road.

Learn the basics of small business finance from a true expert. Click Play!

Bedrock Business Builders

Bedrock University

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