The $100 MBA Show: Episode MBA2282 - "Are You Thinking Big Enough?"

Release Date: April 6, 2023

Host: Omar Zenhom
Podcast Description: Awarded Best of Apple Podcasts, The $100 MBA Show delivers practical business lessons for the real world. These no-fluff episodes are packed with only the pure business-building training you want.

Introduction

In episode MBA2282 titled "Are You Thinking Big Enough?", host Omar Zenhom challenges entrepreneurs and business enthusiasts to evaluate the scope of their ambitions. Drawing from his over two decades of entrepreneurial experience, Omar emphasizes the importance of expansive thinking in achieving substantial business success.

The Importance of Thinking Big

Omar begins by addressing the common cliché, "think big," and underscores its significance beyond mere motivational jargon. He posits that the power of the mind determines what one can achieve, stating:

"The mind is very powerful. What you focus on is really what you achieve."
[02:15]

He warns against the trap of becoming too focused on immediate tasks without envisioning a larger purpose or higher goals in business.

Story 1: Ramit Sethi - Expanding Horizons

Omar shares the inspiring journey of Ramit Sethi, the New York Times bestselling author of "I’ll Teach You to Be Rich." Starting with a simple blog from his college dorm room, Ramit systematically built his credibility and audience, eventually authoring a bestseller and launching a highly successful podcast.

Notably, Omar highlights Ramit's recent venture:

"In a couple of weeks, he's launching his very own Netflix series, How to Get Rich."
[04:30]

This leap to a mainstream platform exemplifies Ramit's commitment to thinking beyond his established successes, reaching a broader audience and solidifying his influence.

Story 2: Jordan Harbinger - Beyond Podcasting

Next, Omar recounts the achievements of Jordan Harbinger, host of the Jordan Harbinger Show. Since 2006, Jordan has amassed millions of downloads monthly, featuring high-profile guests like Kobe Bryant and T. Pain.

A pivotal moment comes when Jordan secured a shoe deal with K-Swiss, mirroring the brand partnerships typically reserved for athletes like LeBron James:

"When that happened, I was like, oh, that's interesting. That was not even a consideration for me as a podcaster, as a brand."
[06:10]

This unexpected diversification showcases Jordan's willingness to explore unconventional opportunities, demonstrating the rewards of expansive thinking.

Story 3: Patrick Campbell - Achieving Monumental Success

The third story focuses on Patrick Campbell, founder of ProfitWell, who sold his business for an astounding $200 million. Omar reflects on this achievement:

"Maybe I'm not thinking big enough because a nine-figure exit, that's pretty amazing."
[07:45]

Patrick's success serves as a testament to the potential rewards of setting audacious goals, inspiring Omar to reassess his own ambition levels.

Strategies for Thinking Big

Building on these stories, Omar outlines practical strategies to cultivate a bigger mindset:

1. Network with Greatness
   Omar stresses the importance of forming meaningful relationships with high-achieving individuals:

   "Meet as many great people as you can... Then go deeper on the ones that you feel like can inspire you and help you grow."
   [09:00]

2. Expand Your Vision
   He encourages dedicating time to envision the grander scale of current projects:

   "Whatever you're working on right now, just for a moment, just maybe five, ten minutes, think about what's the bigger, bigger, bigger version of that?"
   [09:45]

3. Suspend Disbelief
   Omar advises temporarily setting aside perceived limitations to explore expansive possibilities:

   "Don't think about limitations. Don't think about, you know, financial limitations, abilities, you know, connections... Let's not worry about that right now."
   [10:10]

Practical Application: Thinking Big with The $100 MBA Show

Omar applies these principles to his own podcast, which boasts over 250 million downloads. He contemplates future expansions, such as:

• Airline Partnerships: Making the podcast accessible on flights.
• Documentary Production: Showcasing success stories through a documentary on platforms like Amazon.
• Annual Festivals: Collaborating with other entrepreneurs to create large-scale events.

"You gotta suspend disbelief for a moment and just think big."
[10:25]

Conclusion: Mindset is Key

Omar wraps up by emphasizing that business success is predominantly a mindset game. He draws parallels with renowned visionaries like Edison, Steve Jobs, and Elon Musk, highlighting their relentless commitment to big thinking.

"Thinking big is a skill. Thanks so much for listening and I'll check you in tomorrow's episode."
[14:00]

Key Takeaways

• Expand Your Ambitions: Regularly evaluate and elevate your business goals.
• Build Meaningful Relationships: Connect deeply with inspiring individuals to foster growth.
• Visionary Mindset: Cultivate a mindset that prioritizes expansive thinking and continuous improvement.

Final Thoughts

"Are You Thinking Big Enough?" serves as a compelling reminder for entrepreneurs to push beyond their comfort zones and envision larger possibilities. Omar Zenhom effectively illustrates through real-life examples how thinking big can lead to extraordinary achievements, encouraging listeners to adopt a more ambitious and expansive approach in their business endeavors.

For more actionable business lessons, subscribe to The $100 MBA Show and access over 2,200 business lessons in their archive at 100mba.net.