509: How to Build, Grow, Scale, and SELL Your Online Business

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 8 March 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you want to make money online in 2024, good news: it’s easier than ever! Just ask today’s guest, who had to bootstrap his online business before you could launch a business with little to no startup costs. If you have an entrepreneurial spirit and need a little inspiration to get your next business idea rolling, this episode is for you! Welcome back to the BiggerPockets Money podcast! Today, we’re joined by serial entrepreneur Omar Zenhom from The $100 MBA Show. For many years, Omar worked as a full-time educator while nurturing his fledgling businesseson the side. Naturally, many of them didn’t work out. But rather than letting these failures deter him from entrepreneurship, Omar applied each new lesson to his next business venture. Eventually, he struck gold with WebinarNinja, a software company he scaled to 30,000 users before selling his business and enjoying the spoils. Want to achieve financial freedom without being reliant on your W2 job? Stick around to learn the ins and outs of building a business from the ground up—saving money to get started, leveraging your network to scale the business, and ultimately, selling your company for a huge profit! In This Episode We Cover How Omar built, scaled, and SOLD a multimillion-dollar SaaS (software as a service) company How to start your own online business from square one Why teaching is the ultimate skill you NEED to develop for business The pros and cons of bootstrapping versus raising capital Leveraging your network to help grow and scale your company Preparing to sell your business (and how to exit successfully!) And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! The Digital Nomad’s Guide to High-Income Skills and Making Money Online Humphrey Yang: How to Save $100, Quit Your Job, and Build a Business How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business Click here to check the full show notes: https://www.biggerpockets.com/blog/money-509 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's show is about bootstrapping, running, scaling, and selling a business.
0:04.7	Today we're talking to Omar Zenholm from the $100 MBA about how he was able to start the software company
0:11.6	Webinar Ninja, scale it to 30,000 annual users and
0:15.2	successfully exit it.
0:16.3	Hello my dear listeners and welcome to the BiggerPockets Money Podcast.
0:19.7	My name is Mindy Jensen and joining me as always is my never sassy co-host Scott Trench.
0:26.8	Thanks Mindy, great to be here and I always appreciate the way you're churning out these interests.
0:35.8	We're here to make financial independence less scary. Less just for somebody else to introduce you to every money story because we truly
0:39.2	believe financial freedom is
0:44.0	a
0:42.0	a matter when or where you're starting.
0:44.0	Scott, I think we should clarify our little jokes today.
0:47.6	SAS is Software as a Service, which refers to Omar and what he's talking about and Churn is just part of
0:55.0	having software as a service. It's the amount of people who cancel a subscription
0:59.6	product for example. But if you're in the know that was really really funny
1:02.4	Omar Zenholm from a hundred dollar for example. But if you're in the know that was really, really funny.
1:02.8	Omar Zenholm from a hundred dollar MBA. Welcome to the BiggerPockets Money
1:06.8	Podcast. I'm so excited to you today. I'm excited too, Mindy. Thanks for having me.
1:10.6	Omar, before we jump into your entrepreneurial journey, can you tell us a little bit about your
1:14.8	upbringing with regards to money?
1:16.8	That's a great question, upbringing.
1:18.9	So my parents are immigrants from Egypt.
	...

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