
Ever wondered what it takes to keep a podcast thriving for a whole decade? What lessons have we learned, and what exciting changes lie ahead for The $100 MBA Show? Join us as we explore the 10-year journey of our podcast, the transformations we've undergone, and the pivotal moments that shaped our path.
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Omar Zenhom
All right, sweetie pie, buckle up. Good job.
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Or ring the bell on their bike.
Omar Zenhom
Okay, kid, give it a try. Nice.
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Or remember their elbow pads.
Omar Zenhom
Knees too. Okay.
Nicole Zenhom
Yep.
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Nicole Zenhom
Welcome to a very special episode of the Hundred Dollar MBA Show. I'm Nicole, the producer of this podcast. And today we're celebrating a monumental milestone. Ten years of sharing business insights, tips and real world lessons with all of you. But this episode isn't just another lesson in business. It's a rare behind the scenes look at the man who's been the voice and driving force of this podcast. Celebrate with us as we mark 10 years of the $100 MBA show. In this special episode, Omar Zenholm shares his reflections, lessons learned, and what's next for the podcast and our businesses. You'll get exclusive insights into his personal journey, hear untold stories of our highs and lows, and discover valuable lessons that can help you in your own entrepreneurial path. For a decade, Omar Zenholm has guided us through the intricacies of entrepreneurship, teaching us how to build and grow our businesses. But today, the tables have turned. I'll be interviewing Omar not just as my co founder, but as my husband and partner in this incredible journey. So sit back and join us as we celebrate a decade of the $100 MBA show with the man who started it all, Omar Zenholm. Omar, welcome to your very own podcast. How does it feel to be on the other side of the mic?
Omar Zenhom
This is surreal to be interviewed on my own podcast after 10 years.
Nicole Zenhom
Yeah, 10 years. Does it feel like 10 years?
Omar Zenhom
It does, actually. It does. I do think that I do feel a decade has gone by, not only in the work that we've accomplished, but also just how much we've both changed over the last 10 years.
Nicole Zenhom
Yeah, it does feel like 10 years. And 10 years is a long time. So Big milestone now, as our listeners have come to expect. When you sit down to interview one of our wonderful guests, present company included, you often like to uncover some of the early life experiences that have shaped the entrepreneur that you're that is talking to you now. I know a lot about these early years and you've shared some of these stories with the audience throughout all the episodes that you've done. But I want to take it back to the kind of childhood that prepared you to face some of the challenges you've had in business. So are there any key moments that allowed you to get to this point?
Omar Zenhom
Key moments? That's a tough one. I think just generally growing up in the family I grew up in, you know, as you know, mom and dad are immigrants from Egypt. All my siblings, me, my two sisters and myself grew up in the States. And I think just being the youngest of three, two older sisters, learning from my parents as immigrants, learning a new language, learning a new culture, learning a new way of life, trying to make ends meet and also just making sure that we stay out of trouble and have the education we need, you know, really early on instilled in us this concept of opportunities are not to be squandered. You should work hard for them and then when they come in front of you or they become presented to you, you shouldn't umm, and ah, you should just take action. And that's really what I remember the most of just growing up in my family. And yeah, I think that's kind of the. I can't think of a moment in particular, but if I had to choose one, probably my first job like working my dad's car dealership. He was the manager there. And one of my first jobs was cleaning cars in the wash bay in the dealership. Basically we'd have to wash the cars that are being traded in or the loaner cars. I was 13 years old at the time and I would go to work with him on Saturdays and wash the cars with Julian, who was my boss. The funny thing is that I'm going to spend some time with my dad soon, this month or next month. And I want to ask him about the story because I have my suspicions that this was not like a real job. I think that my dad might have manufactured this job for me so I can learn how to earn a buck. And I got $35 that day of washing cars all day after my hands became prunes. But I think that story reminds me of just this concept of like working hard and understanding how to earn money, understanding that the Funny thing is that, like, I was a saver as a kid and I would save my $35 and every time I would make money, okay, I got $35 and I got $70, okay, I have $105 and be like, well, if I spend it on something, then I won't have the money anymore. So it would really be a dilemma for like, okay, maybe I'll just keep saving and see something else I want. But yeah, that was one of my earliest memories of going to work with my dad and just earning my first dollar. That was my experience.
Nicole Zenhom
Yeah, I mean, we talk about this often behind closed doors, that we both have that experience of growing up with immigrant parents and growing up in a country that's new for them. Obviously, we're born. You're born in New York, I'm born here in Sydney, Australia. So we have that experience that I think is very common for us. It's interesting though that you said that you saved the money that you were earning and no one really taught you that though, right? Did anyone tell you, did your mom or dad ever say to you, you should save that money? Or was that kind of a lesson you learned yourself?
Omar Zenhom
No, actually the opposite. My parents told me, okay, whatever money you earn yourself, you could do whatever you want with it, like, as long as it's safe and nothing wrong or anything bad. But like, you know, if I wanted something that was not a necessity, like a pair of shoes, or if I wanted to buy like a video game system, for example, like, they'd be like, no, we're not going to spend money on that. That's a waste of money. If you want to earn your own money and buy that, that's up to you. Right? So that was kind of the lesson. But I think I learned from my mother. My mother's very thrifty. My mom is very good with her money. She's very long term thinker. She, you know, prepared for retirement when she was in her 30s. So she's one of those people that would probably be like a personal finance geek today. But I think I just learned that from my mom. My dad's the opposite. My dad lives in the moment and not much of a saver, but I think just being around my mom, I think is where I got that from.
Nicole Zenhom
Well, your mom's a very special person and I can attest to that. And I don't know if our listeners know that your mom bailed us out in the first year. MAN in New York.
Omar Zenhom
Yes.
Nicole Zenhom
Do you want, do you want to share that Story.
Omar Zenhom
When we started out, you know, freelancing, trying to do this full time entrepreneurship thing in 2012, you know, things were tough and our Runway was running out and our gigs were few and far. And, you know, there was this gap between getting paid and paying our rent. And, you know, I had to reach out to my mom at 32 years old, asking her, hey, can I, you know, ask for a handout? Can we? I need you to bridge the gap here with my rent so I can just pay the rent. And it was a very low moment for both of us. You know, we could have easily just said, okay, let's just get jobs and forget this thing and just try to, you know, put the entrepreneurship dream onto the back burner. But I knew if we decided to do that and we decided to sort of give in, it's so easy to turn your back on your dreams once you get that rhythm of a paycheck and, you know, and that comfort again. So we're already in the discomfort, just ride it out a little bit longer. And luckily we made it through. But, yeah, I think mom really did us a solid when we needed it the most.
Nicole Zenhom
Yeah, absolutely. It was a low moment. And it's interesting that in that moment you grappled with like, oh, could go back to the paycheck. I know that in probably the first few months that I was freelancing and we were still kind of, you know, getting things off the ground in New York, there was an opportunity where I thought, oh, maybe, you know, I should just go and get a waitressing job and. But you did tell me it was. It was you. And I remember this very, very clearly. You said that as soon as you start focusing on something else, you won't give this our business, whatever, you know, whatever the project that we were working on, your full focus. And so, I mean, in all honesty.
Omar Zenhom
That was very scary for me to say that to you, because I could be wrong. We could not make it. We could. We could have not succeed or, you know, ran out of money, seriously, and not really be able to kind of bounce back. So the truth is, is that there's just a certain amount of hours in the day. You can't spend eight hours working at a job and then think you're going to have the energy and the focus to be able to build something that's going to compete with somebody else who's doing it full time. And that's really what I was thinking about.
Nicole Zenhom
Yeah. And we've got the 10 years now to look back and go, that was the right decision at the time, but someone who's in it right then and there, it's tough. And that was a low moment because of that.
Omar Zenhom
That.
Nicole Zenhom
That intense grappling. Okay, so that was like, 2012. 20, yeah. 2012, 2013. What was the initial inspiration for starting the Hundred Dollar mba? Because I was freelancing. You were building businesses on the side. We were helping each other out in our own respective gigs. But one day you came to me and you said, I've got this idea for the Hundred Dollar mba. I had just finished a course at New York Film Academy, so I had these freshly minted videography skills. You said, you can lend your skill set to helping me put these videos together. And I remember that day very clearly when you came to me with that project idea. But what was the initial inspiration?
Omar Zenhom
I think it was two things. First, reason was very practical, was both of us were doing gig work, both of us were doing freelance work where it's either feast or famine, and it's also tied to the amount of work you do. So the more work I do, the more I get paid, the less work I do, the less I get paid. You know, I was doing websites and branding and you were doing film work. And I wanted to get out of that business model. I wanted to get into a business model where we can create something that was a value that could scale and help people. Create it once, sell it many times. And that's kind of the business model of the $100 MBA. And then later, we figured out with the podcast as well. That's the first reason. The second reason is this is 2013, when we came together and started working on this, and there was not a lot of alternative business education options. Basically your options were to go to business school, or you can buy a bunch of books and read them, and hopefully you can understand them and extrapolate and have a game plan out of it, which is very, very hard, especially if you're not used to that kind of dedication and motivation. The third thing is you're gonna buy a 2000, $3000 course from somebody who would be considered like a scammer these days. I'm gonna be honest with you, like, there was a lot of Internet markety, schwarmy people out there selling these kind of courses. You know, how to, you know, earn a million dollars in a year or whatever it might be. It wasn't all bad. I would say that there was some good content in there, but, you know, it's mixed with a bunch of, you know, sleazy marketing. So it was kind of hard to kind of use it as a role model or use it as a model to build a course. On top of that, you know, I went to business school for a semester and I dropped out because I realized that this is a lot of money being spent. And I realized this because I had a chat with one of my professors and he was asking me why you were here. And I was like, well, I want to be a successful entrepreneur. I had side hustles building businesses on the side, and now I want to go full time. And I thought getting an MBA would give me credibility. And I learned that MBAs are not for that. MBAs are for people who want to get a finance job at a bank like Morgan Stanley or something like that at the time. And I realized, okay, there is no monopoly on education. I don't need to spend all this money so that I can learn how to start a business. In fact, you know, being an educator for so long, you know yourself, it takes so long for institutions to catch up with the real world because there's so much red tape around textbooks and curriculum and test testing bodies. And, you know, in order for them to approve something, it takes years. So it's. It's not really up to date. So I thought there's probably a lot of people in my position who want to start a business that want to know the fundamentals of business, and they want to learn enough so they can get started, learn enough so they can use this information to get the ball rolling. And that was kind of just the genesis of the idea. I knew that you were the best videographer I knew, so. And I thought it would be a great collaboration because also you're great with design and aesthetics, and I'm not so great with that. And I thought I needed somebody that can complement my skills. So that's why I approached you. I thought, okay, let's make something happen. We didn't have all the answers in the beginning, but we figured it out.
Nicole Zenhom
No, and I think that's right. And one of the lessons we learned, too, was our using our complementary skills to move things. Along the way, I was reminded of, like, why it was also very appealing to me. And this, again, lends itself to the two experiences we've both had in education, being formally trained educators, both with master's degrees. Like, we've been through that long route of education. We've seen what a formal, traditional world of education looks like, how many years it takes to get, you know, a certain skill set, to get some knowledge and it definitely, you know, has its place for certain industries and fields. But I think what was really appealing was, you know, what you were sharing with me was that. And I think one of the main drivers as well was that you wanted to inspire people to get up and running a lot quicker, a lot faster, to distill everything in a way that was practical, that was efficient, economical in a sense, so that people could get up and running. Would you agree?
Omar Zenhom
100%. And I think one of the things that hold people back from starting a business is because they think it's this big ordeal. And, you know, they think about the big businesses that they see, like Apple or, you know, Walmart or whatever, and they think of these big corporations and really the best businesses start with just one transaction, one sale, one. One convincing one person that, hey, I have this thing that you might like, that might solve your problem. Would you like to buy it? That is the start of your business.
Nicole Zenhom
And added to that, too. Again, we're Both in our 30s at that time, right? So aging us now, moving on 10 years later, but we're both in our 30s and we don't have all the time in the world to get going. And so I think that idea of. And one of the bigger lessons I learned at that time was just in time learning. Just learn what you need to know right now, start implementing it right away. Case in point with the videography skills that I had just learned. Didn't spend, you know, spent just months putting it straight into practice and, you know, just taking the next step forward, next step forward. So, yeah, I think we didn't. We didn't have. I don't want to say time wasn't on our side, but it was different. I think it would have been different had we started in our early 20s.
Omar Zenhom
I think there'd be advantages and disadvantages. But just on that point, I do think that. I don't know, I heard this before, but if you don't experience imposter syndrome, then you probably started too late. Like you. You. If you feel 100% confident and you got everything in order and you know, the ins and outs and can predict the outcome of everything, that's going to take forever. You know, that's. And your opportunity is going to leave. Entrepreneurship is, you know, jumping out of plane and building the parachute on the way down is figuring out, because you're really not going to have all the answers because you got to put the product out there and you got to ask your customers and get feedback and customize it based on what the market needs, and it's really not about you or your idea or your skills, is about being a servant, serving your. Your. Your audience. So I think that's what we learned. I think if we started younger, the advantage is obviously time, but I think we had a maturity about us. I think the experiences we had in education and teaching helped us tremendously in building an online program that teaches, helped us with the podcast, with teaching every day. So I think that that was a gift that we definitely used and wouldn't have it if we didn't have that. You know, that decade of experience in education.
Nicole Zenhom
Something that you and I talk about a lot and maybe don't share a lot with other people, is that feeling of, we felt we escaped a nine to five. We left a traditional career. We left, you know, working for other people, working for other institutions. And it probably would be part of the reason why we didn't want to go back. But we talk about the feelings of what that feels like when you do break free and you do get out and why you wouldn't want to go back. Can you share some of those feelings?
Omar Zenhom
It's like going to a new planet. I think it's like going to a new planet, really, when you change your life from a 9 to 5 job to creating your own life with entrepreneurship, it's like you're opened up to this new world. You realize, oh, the rules are not the same here. What applies in my normal job doesn't apply here. I gotta figure everything out myself. The people that I'm meeting are different. The circumstances that I'm meeting them in is different. I gotta create my own circumstances. I gotta create my own luck. It's just a different world. And as difficult and challenging as it is, it's thrilling as well. It's exciting. Everything is. It's like everything is brand new again. It's like you're a child again. So you don't want to kind of that to end in a lot of ways. I also like the amount of investment that we made to have those careers in the first place, Whether it's our education, whether it's the amount of hours we did in the classroom, all the other certifications we had to do so that we can be up to time and all that kind of stuff. It's a lot. So I think it was the idea of like, okay, I'm starting a new life. I'm learning new things, I'm achieving new things. But also I feel the sense of, I want to make this worth the leap. I don't want to kind of. I've made a big sacrifice. I've left my job and my career. How do I make sure that this was worth it?
Nicole Zenhom
Yeah. The first year, though, that we launched, when we launched the $100 MBA was the end of 2013. You know, it was a new business. What are some of the challenges that we had?
Omar Zenhom
I mean, everything. Everything was new. I mean, how do we accept credit cards? And Stripe was very new then, and I was learning how to integrate it to the website. SEO, how we gonna sell, how are we gonna get our first customers, email marketing. I mean, everything was absolutely new. This is why I think that what we're doing at the 100 LMBA with the podcast and the program is so important because there's so much you can do and there's so much opportunity for you to get overwhelmed. There's also so much choice. And now it's even more because there's so many options now to do whatever you want to do online. So I think the biggest challenge was just the amount of work we had to do, the amount of things we had to learn, the amount of things that we had to figure out. Yeah, I think that was the biggest one for me.
Nicole Zenhom
Yeah. And again, We've got this 10 years to look back on, Right. And sometimes, you know, you're kicking up all this dust, you're doing all these things, and you don't know what's going to work, what's going to lead to the next thing, what's going to unlock that next opportunity in the business, you know, to keep it sustainable, to keep moving and to keep it growing and to grow it to the point where we've grown it today. What were those key moments? If we look at, like, key inflection points in the last 10 years that kind of like these moments that unlocked the next thing and the next thing.
Omar Zenhom
Yeah, I think there were some smaller ones and there were some big ones that come to mind. I think as we were starting the $100 MBA, we started it in December of 2020, 2013. We got our first few customers, we started to build our community. But then we went to New Media Expo, that conference that kind of changed our life in a big way. We could barely afford getting there. Somehow we found some early bird tickets and went on Spirit Airlines or something to get there. It was tough and really, really low cost hotel, you know, off Fremont street in Old Vegas. That's where the conference was. But I think that moment, that conference was so pivotal for us because we met some of our people that we looked up to our heroes, people that were kind of starting their entrepreneurial journey as well. At the same time, people like Nathan Barry, who started ConvertKit, and some interesting creators at the time, you know, Cora Rubar and Chase Reeves and, you know, met people like Lewis Howes at that conference, Amy Porterfield, John and Kate from Entrepreneurs on Fire. And I think it was a good chance for us to realize, oh, these people are just like us and this is possible, like, we can become successful in this world of business because these people are human. I made sure they're not robots, they're real people. Right. And I think leaving that conference, we also had the concept of starting a podcast. We did start a podcast. Not the honorable NBA show, one that came before that, that didn't do so well. But through that failure, we learned. I think that moment was a big inflection point, was us coming back and saying, okay, you know, almost like double downing on our commitment to build this thing.
Nicole Zenhom
And really inspired by those. By the people that we.
Omar Zenhom
Oh, 100%. 100%. I think that we were just inspired, but also gained a little bit of confidence that, okay, this is possible. This is not something that you just saw online. Like, these people are real. Not that they weren't impressive, but, you know, they didn't seem out of this world. Like, you know, they were relatable. That was one inflection point. I think the other bigger inflection point for us was when we won Best of itunes. I think that was kind of the first, like, big validation for us that, okay, we've created something that's worth people's attention. And, you know, Best of itunes is a. Is an award that comes out. It's called Best of Apple Podcast now. That comes out once a year and awards, you know, the top podcasts. It's about, you know, I think a dozen and a half podcasts or something like that.
Nicole Zenhom
It's the Oscars, let's face it.
Omar Zenhom
It's the Oscars of podcasts. And we won it about six months into starting the Honda NBA show in December of 2020. 2014, sorry, 2014. And that moment was a big moment for us because we've. We. Somebody outside ourselves believed in us and somebody recognized that this show was worth listening to and really was different from the other podcasts out there, especially the different pod business podcasts out there. That really helped us get on the map, was really a moment where we felt finally some relief. Like, we felt like, okay, maybe this is now we're turning a corner. Because up to that point, it was a lot of struggle.
Nicole Zenhom
That was my big I told you so moment.
Omar Zenhom
Yes, you told me so. For those who don't know this story, prior to winning Best of itunes, that year in 2014, we were. We became friends with John Lee Dumas and Kay Erickson from Entrepreneurs on Fire. And we'd go to John Lee Dumas speeches and conferences and meetups, and every time he would be introduced or his bio would be read, they would say, you know, the winner of Best of itunes. And it just sounded so nice. And it sounded like, wow, so much credibility. The funny thing is that every time you would hear that, you would say, we're going to win it, too. And I'll be like, what are you talking about? Like, we don't have control over that. And like, let's just get this podcast out there in the first place, you know? And, you know, I just saw this, like, as, yeah, maybe one day kind of thing. Maybe I get that from my mom. Just too much of a realist. But you were like, no, no, I'm going to show you. We're going to do it. And then when we did win it, you almost, like, you know, shoved me into the wall. I told you. I told you that you were going to win it. And it's true. You were right.
Nicole Zenhom
No one loves an I told you so moment. But in that moment, as much as you. Well, as much as me. But in that moment, that wasn't a bad I told you so moment.
Omar Zenhom
That was, well, you know, worthy. I'll tell you, some moment.
Nicole Zenhom
We got that image of Elaine.
Omar Zenhom
Yes.
Nicole Zenhom
That's the shovel. Yeah, that one. Yeah. I mean, that was. That was a huge moment for us.
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Omar Zenhom
Got in from his client lunch and he's got receipts. His next meeting is in two minutes.
Nicole Zenhom
The team is asking, can he get through his expenses in that time?
Omar Zenhom
He's going for it.
Nicole Zenhom
Is that his phone?
Omar Zenhom
He's snapping a pick. He's texting Ramp.
Nicole Zenhom
Jim is fast, but this is Unheard of.
US Cellular
That's it. He's done it. It's unbelievable.
Nicole Zenhom
On ramp expenses are faster than ever. Just submit them with a text. Switch your business to ramp.com. i think one thing that you and I share in common and what allows us to continue to grow and learn and grow as people really and as a couple is our attitude to learning and being open to personal growth. Which is not something that came very instinctively to me. You know, in my, in my younger years. This is definitely something that entrepreneurship has brought into my life. Personal development, personal growth. And I mean I honestly, the first personal development book that I read was, was your old copy of Think and Grow Rich by Napoleon Hill. And that was huge for me. And so I want to talk about personal growth because that is a big, big part of your life. It's a big part of our life. What has this decade meant in terms of professional growth? Personal growth, rather what, you know, what, what lessons I suppose have been the most impactful?
Omar Zenhom
The funny thing is that you learn more from your failures than your success. I think that's really the challenges of your life, the challenges of business, don't get me wrong, they're horrible and we don't enjoy them. But there are so many lessons and there's so many opportunities that come about when, when you, when you go through that. I think my personal growth journey kind of started maybe, I would say 20 years ago, maybe a little bit earlier that started listening to Tony Robbins CDs. Personal power, it's called Personal Power. And There was like 12 CDs and I had to pop them out. And I would listen to one each time I would go to work, come back from work. This is maybe 2002 or something like that. And yeah, okay, the guy was known to be, you know, cheesy, big white teeth, all that kind of stuff. But a lot of great information in there. And it really opened up my mind to maybe I'm capable of more. Maybe I can change my life. Maybe I can be one of those people that I see and all those guys are wealthy, whatever, and there's a lot of unlearning that happens when you are trying to change yourself. And interpersonal development. There's a lot of stuff that gets poured in when you're young and your upbringing and that's not your parents fault. They did their best and they had their own, you know, things that they got from their parents. And so I think there's a lot of stuff where you have to kind of convince yourself like, well, maybe there's Another way to do this, maybe I don't have to like work so hard every day until I die and then just settle for maybe, you know, a middle class lifestyle or something like that. And there's nothing wrong with a middle class lifestyle. But if you want. My, my personal belief is that if you want to reach your full potential and make the most impact in the world, it's very hard to do that without being financially independent because there's a lot of things that money unlocks, and that's just the truth. And that's really my motivation to help people every day with 100 MBA and the podcast is because I believe that if that part of your life is solved, that financial freedom part, there's so much good you can do in the world and for yourself and your family, whether it's for your health, whether it's your impact on your community, your, the causes you believe in, you know, your ability to improve yourself and therefore improve what you do for others. That is all a financial, just a financial element there. So I think that those early days listening to Tony Robbins and Tony Robbins led me to Jim Rohn, who he was his mentor. And Jim Rohn is somebody I really love and I listen to till this.
Nicole Zenhom
Day, even over breakfast.
Omar Zenhom
Over breakfast. Jim Rohn, start your day right, a.
Nicole Zenhom
Little behind the scenes of what happens in the household.
Omar Zenhom
Yeah, well, it's all basics that you need to hear over and over. You know, it's kind of those things. So that's kind of how I started. I think it takes repetition, whether it's a book, whether it's a cd, whether it's a, a course, you're watching a video. It's not just going to happen overnight. There was never like the switch, okay, now I am got the wealthy mindset. Like, no, it's just over and over, that repetition of picking up a new book, reading this, chatting with somebody interesting, reading something online over and over, over years. I think it's kind of like the erosion of your mind starts to form something new and you start to be like, okay, I'm getting closer to where I need to go. And the last 10 years, the personal growth has accelerated tremendously because of building two businesses, the 100 MBA and our software company, Webinar Ninja. That was an incredible ride, you know, because you learn really quickly how to hire somebody, how to fire somebody, how to deal with a disgruntled employee, how to, you know, change your prices and then realize, oh, that didn't really go so well. Customers are not happy about that. How do I deal with that. You know, that's where the rubber hits the road. And I think that's what really makes, I think, the content that we create different is that we don't talk in theory, we talk in reality. I mean, I always kind of say as a joke, but if you listen to, like, today's episode of the podcast is probably a challenge I was dealing with six months or a year ago, and it took me that time to get over that pain, but also to. To create the lesson for the viewer. So. And I kind of see that personal growth is a chance for me to improve the product. So if I get better, what I produce is going to get better, and.
Nicole Zenhom
You never know what it's going to be that unlocks that. It could be a book, it could be an episode of the podcast. If I go back to that first book of Think and Grow Rich and never really having had the experience or exposure to personal development, the one thing that that book unlocked was the growth mindset versus a fixed mindset, and that just unlocked everything else afterwards. So, you know, the fact that you share all the books that you've read, it could, you know, it could be any of these books, any of these lessons that kind of opens up your mind to more ideas, to. Yeah, just different. A different way of thinking, and that can, you know, put you on the path to the next thing. And the next thing.
Omar Zenhom
I do want to touch on that because I think a lot of people hear that, like, yeah, growth mindset. I'm with you. It's important to learn and to grow. I think the thing that people don't really understand or really grasp is you can know ideas, but are you actually changing what you're doing? Or you can listen, read all the books, you can take all the courses, watch all the YouTube videos and have all this information, but are you actually changing what you're doing? And a growth mindset, in my opinion, is you have to be okay and open and willing to change who you are. A lot of people ask me, what's the difference between a successful entrepreneur and somebody's not? Successful entrepreneurs are people that understand that in order for them to get results, they have to change. You as a person has to change. You can't be married to who you are today. A lot of people are like, oh, you know, I like who I am. I never change. You know, you ever see that in your books? You know, but the bottom line is, is that whatever your situation is right now, like my situation when I was in teaching, when, you know, whatever I Was whatever I was as a person, you know, whoever I was as a person or whatever I did is what got me those results. So if I like these results, I just continue to do the same things, same habits. I got to continue to do the same work. If I want different results, I can't expect to be the same person. The same person. The person I am now got me these results, not the results I want. So if I want to go somewhere, I want to get to some other station and life or a different situation, you have to change in that process to get there. And I think that's the most difficult part of the whole idea of growth mindset is that, like, you have to become something you're not anymore. And that's going to upset a lot of people. That's going to upset your friends, your family. People, for maybe subconscious reasons or selfish reasons, want you to stay who you are. Because that's who I know. That's the relationship I have. Once you start changing, what does that mean about me? Do I don't want to change to, you know, stay friends with this person and everything. In terms of your life, you know.
Nicole Zenhom
It could be how early you have to go to bed because you decide suddenly that, like, it's actually really important to get up early in the morning and all of a sudden to your other friends, what, you want to have dinner at 6 instead of 7 or 8? Like, boring. But, like, no, it's actually really important to me to get up early. And I love that you talked about the change, the thing you being a different person, the doing of different things. I think as an entrepreneur, what I've seen and what I've experienced personally in these, over this, over this decade is a fuel is a fire, a desire to, you know, to keep doing, to achieve more, to grow and to impact others. But that's all well and good, but you need daily disciplines in order to keep that going. Otherwise it's just misdirected energy, misdirected passion, whatever you want to call it, right? And we promised our listeners that they'd get a little bit of an insight into, you know, your little bit more of Omar every day. What are some of the daily disciplines?
Omar Zenhom
It's a good question. I think that my daily disciplines, there are a few that are, that are consistent and some change depending on the season or what I'm working on, my business. If I'm sprinting, meaning I'm trying to accomplish a project at a certain period of time, maybe some of these things won't get done and that's okay, I can come back to them later. But one thing that I like to stay consistent with is my journal. And I like to write in my journal every morning. And a lot of people think journaling has to be one way. And I thought that, I thought journaling has to be like, dear Diary, these are my words. And I wonder, how am I going to get out of this?
Nicole Zenhom
I could never keep one of those.
Omar Zenhom
Yeah. And I realized at one point, oh, okay, I can make my journal whatever I want it to be. And sometimes it's just a to do list. Sometimes it's just notes about what I want to get done over the week or this weekend. Maybe it's just a thought or a quote that I heard from a Jim Rohn video that I was watching that breakfast and I wanted to write it down. It could be, you know, just an idea of like, hey, I need to do more of this. And it's just a one liner, but this idea of just writing down your thoughts. And I like this because. And sometimes I just write down my worries too. Like, you know, I'm worried about this, this, this. And it could be life things, business stuff. And I find it very helpful. Once I would say a quarter or something is to go back and flip the pages back from the beginning of your journal and, and read what you wrote and see if there's any patterns. Am I saying the same thing over and over? This is a problem. I need to fix this problem because I keep saying I have this problem almost once a month. Or is there a progression, is there a change? And it's a kind of a documentation of what's happening in your life. So that's kind of one habit I like to do. I think exercise is something that has been part of my life for a very long time. And I like to exercise somehow every day, as much as possible. Some days I miss because I'm working on something, but I just tell myself, myself, let's try again tomorrow. And I get up and I go, so whether it's the gym or whether it's playing basketball, which is my, my love in life, other than you, so I love basketball. So that's something I, I looked forward to doing. Yeah. And so exercise is very important. I remember one time, I think it was Jerry Seinfeld who said that when he was working on being a professional comedian, he worked on two things is his craft, his comedy and his, his health. And he said if I just focus on those two things, I remember that for some reason because I'll be Healthy. And I'll be doing all right in life, whether financially or with my career because I'm working on my craft every day and I'm, you know, working on my health every day. And it's kind of hard to go wrong if you just prioritize those two. So those are a couple of things I would, I would add to the mix. What else? I would say one of the things I like to do as well is I like to get to work as soon as possible. Like, I don't like to check my email or do social media or whatever in the morning. I'm kind of person that almost feels like I can't be happy or something. I know that sounds strange. I can't be content until I get the most important things done. You know, it's kind of like a debt I have to pay. So if I have to record two episodes today and I have to get on a meeting and whatever it might be, I need to get those things done before I can allow myself to like, okay, have a break or go to the gym or whatever. Because I feel like if I've done that, then I've fulfilled my obligation to myself. And that's kind of. I kind of see those disciplines of the show and the work I have to do. The priorities of my work, very important. So I think I have a pretty good work ethic in terms of staying disciplined. So those are kind of the habits I have.
Nicole Zenhom
Yeah, yeah, I'll back you up on that one. I can attest to that for sure. Definitely a disciplined person. You wouldn't have the discipline. I mean, it would be very hard to record 2000 plus episodes if you didn't have the discipline.
Omar Zenhom
Yeah, you could enjoy something a lot. I mean, anybody who has done something they love for a living knows that it becomes work at some point because you start working on the finer things. But yeah, I do feel a sense of obligation. People are waiting for the next lesson. I need to make sure that it's. It's great.
Nicole Zenhom
One of the disciplines though, that one of the habits I suppose that you have that, that it's. No, it's going to be no surprise to our listeners is that you're an avid reader and reading is a big part of your life, your personal life. It's a big part of our life. You know, we're always, we've always got one or two books on the go. How did you develop your reading habit?
Omar Zenhom
That's funny because I just shared this within a conversation with Matt Fidesz, who was one of Michael Jackson's closest friends and bodyguard. Also the founder of the largest martial arts studio studios in the world. It's got over 1800. Can't wait for the episode to come out. But I shared the story when I was. I was never really a big reader as a child. Watched cartoons most of the time, actually. I loved, like, Darkwing Duck and ducktales and all those kind of shows, Ninja Turtles. But when I was 11, I think it's my 11th birthday, as a birthday gift, my mom bought me the book Moonwalker, which is the autobiography of Michael Jackson. I'm a big Michael Jackson fan. It was kind of the first time I read a book cover to cover, because I wanted to. And it wasn't like a book report from school because she gave me something that I enjoyed or something I was interested in. And therefore I was motivated to keep on reading. And, you know, I actually think that reading is an exercise. It's sort of like your eyes have to get used to going back and forth on the page. It's not something that comes, I guess, second nature to most people over time, like reading 30, 40 pages at a time. So I think that kind of started it. I started reading some books, but when it came to business books, I have to credit my mother's brother, my Uncle Ash, who lives in Germany. And at the time I was living in Dubai. And he used to come and visit me maybe once a year or something like that because of work. And he was the first kind of person that exposed me to this world of modern entrepreneurship, growth, mindset. And the first book he gave me when he would visit was Rich Dad, Poor dad by Robert Kiyosaki. We talked about this book a million times. It's a great book. Not the best written book. It's not a perfect book. Everybody's got their flaws. But it was the right book at the right time and unlocked a lot of things for me. And then the next time I would see him, we would chat about the book and he would give me a new book. And the next book he gave me was how to Win Friends and Influence People by Dale Carnegie. These are classics. So he got me in the habit of like, okay, these books can change your life. You could read a book and it could change the way you think about something. You could learn something that can really influence your future, which was, you know, usually people think of. At the time, at least I thought of novels. I thought of like, you know, things that were just to pass the time poolside or something.
Nicole Zenhom
You know, once the book report's Done. That's it. It's done. You know, look at that book again or think about that again.
Omar Zenhom
Really what ignited my passion for reading. And I, I primarily just read non fiction. I don't read fiction at all, actually. I read maybe one fiction book in the last. Maybe two or three fiction books in the last three years. Sorry, last decade, maybe.
Nicole Zenhom
I was gonna say, if anyone has any ideas of how to get you into more non fiction, because I love to have both, you know, going at the same time, but it's been a struggle.
Omar Zenhom
There's so much, there's so many good books out there. That's the thing.
Nicole Zenhom
Fiction, I meant.
Omar Zenhom
Yeah, yeah, yeah. And, and honestly, like, you know, we have this segment on the podcast called Must Reads, and in order for me to have a certain number of must reads to deliver, I have to read a lot of books. And some, many of them don't make it because it's not a great book and I wouldn't recommend it. But even the not so great books, I learned the one or two things that kind of stick with me. Yeah, I think that's what started it for me.
Nicole Zenhom
We've talked about habits, we've talked about disciplines, daily disciplines. Are there any personal qualities that you think you have that you can attribute your success to?
Omar Zenhom
I don't know. You tell me. You know more than I do. It's hard for me to, to analyze myself. But you mean. You know me better than anybody else, so.
Nicole Zenhom
All right, you're throwing it back to me. No, that's a good one. That's a good one. I, I would say that a lot of. I can definitely think of some key personal qualities you have that maybe even our listeners might not realize about you. And, and humor is one of them. The ability to, to, to be funny, to not get easily offended, to see the, the humorous side of life. That is definitely something that I'm going to say I love about you. And, and I think it has a. It plays a huge part in being able to overcome the tougher days, the slumps, the lows.
Omar Zenhom
I do think that in order for you to have a sense of humor or to be funny, quote unquote, or try to be funny, you have to have some level of not caring what people think. You can't, you can't be so self conscious because you won't try, you won't try to throw out a corny joke, oh, that didn't land. Whatever, you know, you kind of have not, not care so much. And I think that came from growing up as an outsider, I grew up in, I went to school mostly a white neighborhood. I was, you know, brown kid with a weird last name from Egypt and was just, I was different. So over time you start to realize, okay, I'm never going to be like everybody else and I shouldn't try and I shouldn't just care so much what everybody thinks of me. And that kind of builds up. And then you use humor to kind of break the tension and use humor as a youngest child as well to break the tension with. There's art arguments with my sisters or, you know, with my, you know, my parents or something like that. And it was just a way for me to, as a coping mechanism, but also as a way to kind of lighten the mood. So I think that that's helped me a lot. I think life is too short too. Life is too short for you to take yourself too seriously.
Nicole Zenhom
It doesn't come easily to everyone. So. But I definitely appreciate that about you.
Omar Zenhom
Thank you.
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Omar Zenhom
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Nicole Zenhom
Yay. Free your team from expense reports today. Switch your business to ramp.com I think a sense of humor is definitely one of your personal qualities that, that is crucial to success. It might be a little bit counterintuitive, but I definitely think it's played a big part. I also think there are other character traits that, that you've demonstrated over the years. Humility, kindness, empathy. And I think these traits in particular can bring a lot of respect and admiration. And I think this is something that is probably not talked about enough. It might be a little, I don't know, let's see what you think of this because I don't know if even we've discussed it. I think entrepreneurship can fast track the development of these traits or can teach you lessons in, in humility, in kindness, in empathy. And I'm not saying that there's you know, you can't develop or nurture these in other walks of life. But I feel like entrepreneurship makes you a better person by your own standards, not by comparing yourself to anyone else. But I feel that in many ways, the tests and the challenges that we go through, we feel, you know, we're a better person than we were a year ago, two years ago, 10 years ago. Do you see where I'm going?
Omar Zenhom
I think so. I think that as entrepreneurs, as business builders, you're constantly pushing the envelope, which means you're always out of your comfort zone. And most people do everything they can to stay in their comfort zone. So when you're out of your comfort zone on a consistent basis, you're going to grow and you're going to have challenges and you're going to develop new skills and you're going to change. Like I mentioned, you're going to change all the time, and you're going to become a better version of yourself because of those moments where you're like, oh, I'm not really sure I could do this. I've never done this before. How many moments have we had where we've said, I've never done this before? Like, countless. Like, you know, and it's important for you to do that because then you'll never do it. You'll never do something you've never done before if you'd never try. So I think that that has a lot to do with it. Being an entrepreneur, you're always out of your comfort zone, and you're always kind of stretching what is possible. Oh, maybe in the beginning, you're like, if I could just get 5k a month, I will be able to pay all my bills and I won't have to go back to my job. It'd be amazing. And then you get to 5K and you're like, okay, that's great. And you get comfortable with that barometer. And then you get to 10, and you get to 20, you get to 30, then you get to 40. And don't forget, when you have 40, in order to get 40, you have employees, you have team members. You gotta pay. So you're not actually keeping 40, so you gotta make more. So those goalposts are always moving, right?
Nicole Zenhom
And it gets you. It gets you out of your comfort zone, but it also gets you out of a bubble is not the right. It gets you out of your world, whatever that world is. It could be an industry that you're in. It could be, you know, a circle of friends that you have that's Particular that, you know, is affiliated with the, you know, the, the job that you're in. And, and so like that empathy piece really comes into play when all of a sudden the world becomes so much bigger when you're serving, you know, your mission is to, you know, create an impact, to teach these lessons and, you know, to help people along their business journey in so many different countries in different, you know, different stages of their life. And so I feel like, yeah, those muscles, those traits, a really. Yeah. Have it, have a chance to grow via.
Omar Zenhom
Yeah.
Nicole Zenhom
Entrepreneurship via building a business.
Omar Zenhom
I think it's also the nature of what we do. Like, I constantly have to tap into the different levels that I went through to be able to deliver a lesson with empathy, with, with a sense of understanding. I know how hard this could be. Let me show you how I did it. I'm. My memory's not very good when it comes to details of things that happen 10, 20, 30 years ago, but I have a very vivid memory about how I felt in the moment. So I can definitely tap back into and say I know exactly how it feels when your first employee leaves you. And it's just like, oh gosh, like you invested so much into that person and they said they loved working there, but they got another opportunity and money talks and you can't match the salary they're getting and, or the, the offer they got. So now you are forced to kind of rehire somebody and you're overwhelmed because you already got too much on your plate. Like, I know exactly how, how that feels even though it happened like a decade ago. So. Yeah.
Nicole Zenhom
Well, we've reached the 10 year mark of the $100 MVA show. What are some of the things our listeners can expect from you and us in the coming months? What are you excited about?
Omar Zenhom
So much. We've been working on so much just for context, you know, after Proprofs acquired Webinar Ninja, after 10 years of building that company, which was a great moment to celebrate and we're so happy that Webinar Ninja is going to such an incredible company. And for us personally, it was a great milestone because we were able to build a company of value that have a successful acquisition. But I think it also was, okay, where are we going to focus our attention, our efforts now? And it was not even a question. We both looked at ourselves like, let's take the $100 MBA further than it's ever been. We want to impact more people, want to reach more people, want to be able to help them faster to get to what we call Escape Velocity, where they are able to leave their job and be able to build a business that they're proud of. In that process of talking about it, we realize, okay, in order for us to mark this moment of full dedication, let's give the brand a new refresh, a new look. So we've been working on a rebranding and you can check it out right now on our website, by the way, way 100 MBA net, which is a whole new look and feel of the, of the brand. We refreshed our logo and the whole website looks brilliant. But we've hired the best to work on every aspect of the things I'll be sharing right now, you know, all the aspects of the things that we're launching. We just basically found out who's the best at this, and we found them and we contacted them and we said, hey, we want to work with you. And we figured out a way to make it happen. So because at this point, after 10 years, we felt like we wanted this to be sort of like a gift, a love letter to our audience of like, hey, we want to double, triple down on our commitment to you. So, yep, brand new website, brand new branding. We have some amazing features and amazing freebies for people to check out at the website. One of the great new features we have is that now you could search podcasts by topic or, you know, by area of, say, marketing or sales or team or product. And you can find all the episodes on that, given the fact we have over 2,500 episodes. So you can easily find the materials you're looking for. So very excited about the new website that's coming out or is out right now. I'm saying coming out because we recorded this earlier, but, yeah, excited for that, that to launch. The second thing that we're very excited about is from tomorrow, every episode is going to also be available on video. So you'll be able to watch the 100 OMBA show on YouTube. We are publishing every episode. So three days a week, you'll get a fresh episode on YouTube. You can go to 1000mba.net YouTube and you can subscribe there. And again, this is our commitment to reach new people, reach a new audience, reach our current audience in a different modality, knowing that some people prefer video. So that's really fun that we're looking forward to.
Nicole Zenhom
You'll be able to watch Omar as well as listen to him.
Omar Zenhom
Yeah. And you could see all the, all the investment we made in our studio, building our studio for this, for this project. Also super excited the fact that we're adding a few extra. I talked about freebies and tools and templates, but we're also adding some worksheets that go along with our episodes, some particular episodes that are going to be hands on and you can check those out from tomorrow. They'll be launched with the new episodes.
Nicole Zenhom
Really putting those teacher skills totally back into use, right?
Omar Zenhom
100%. And the other thing that we're really excited about is we are doing the hundred MBA program all over. Basically we have built it from scratch from the bottom up. Not only the content is going to be brand new and revised and updated to reflect the modern world, it's also the membership area is being rebuilt. It's going to be one of the most interactive membership areas ever. We're going to also include some interesting tools. They include some AI tools that are going to help people get some answers. But also we're very excited about just the curriculum that we're going to be rolling out some amazing courses on marketing, sales, finance and also different levels. So we're going to be offering courses for people just getting started, people that are looking to grow their business and take it beyond their first dollar and then scaling it so they can get to a million beyond. So that's really our mission with the $100 MBA program which will be released later in the fall.
Nicole Zenhom
Lots to get excited about.
Omar Zenhom
Lots. Yeah, for us. I'm so tired of being excited.
Nicole Zenhom
No, no, for us and for our listeners. Yeah, lots to look forward to. You know, I think if you think about it, we've had 10 years to look back on the next 10 years. Do you see it playing out differently in some way or how do you think?
Omar Zenhom
100%. 100%. I think that we've changed in the last 10 years. So what we're going to create is going to be different. I think really what we want to do. Nicole and I have really been fortunate enough to build a great business with Webinar Ninja, the software company, have, you know, a successful acquisition. Our job really is to get the 100 MBA out to as many people as possible with as much great content as possible, you know, through the podcast, through the YouTube channel, through our, you know, guides that we have on our, on our website. We're going to try through the social media channels that we're, you know, doubling, tripling down on to help reach new people. And we're trying to do this so that even if you don't have $1 to get started, you can get started through our content and Then if you want to go deeper, if you want a little more guidance, you know, we have the 100 RBA program, which is $100 a year, which is very inexpensive, but we wanted to just make it enough for you to have skin in the game, enough for you to feel like, okay, I should maybe watch these videos. I paid $100 for them. So that's really the, the, the game here. You know, you don't get, you're not going to get rich off that. But we're not really trying to do that right now. What we're really trying to do is just impact as many people as possible because we believe that if we do that, then we'll learn from our audience and come up with some new solutions for them in the coming 10 years. And I think one of the things we learned is that you don't need to have all the answers right now. First help people, first serve them and you'll learn from them. What are some problems you can solve?
Nicole Zenhom
Yeah. If I think about how drastically our life has changed in just over a decade from that taking, after taking that leap from full time work and education being teachers to full time entrepreneurship, I'm just so passionate about giving people that opportunity as well, just to, to try it for themselves. And it could be, it could be that book, it could be that must read lesson that unlocks it. It could be, you know, any, any number of lessons, a course and you know, a lesson in one of the courses that just, you know, allows that person to take the next step and then the next step.
Omar Zenhom
I also want to say that we spent 10 years building webinar Ninja, our software company. And to be quite honest, there's a lot of things that we Learned in that 10 years. A lot that was too close to the grain for me to share on the show, especially the fact that it's, you know, it was still our business, you know, but now that, that we've been acquired and I've had some time to separate myself from that business, there's a lot of things I'm looking forward to sharing about what to do, what not to do, what are some of the mistakes I made along the way or some of the opportunities that I missed or the, some of the opportunities that I did hit and made all the difference. So I'm looking forward to sharing those lessons.
Nicole Zenhom
Get excited, folks. Something that we don't do, or I should say you don't do on this podcast is rounds of rapid fire questions. Okay, we're gonna borrow this idea and I'm Gonna put you through some rapid fire questions.
Omar Zenhom
Ready?
Nicole Zenhom
Okay. Just to give our listeners a little more insight into you as a person. Are you ready?
Omar Zenhom
Yeah. How much time do I have to answer the question?
Nicole Zenhom
Well, you basically have to answer right away. So no thinking, just. Okay, whatever comes out. And try to keep your answer to one or three words.
Omar Zenhom
Oh, one or three words. Okay.
Nicole Zenhom
Yeah, yeah. These are just.
Omar Zenhom
Okay.
Nicole Zenhom
I think you should be able to do it. All right, you ready?
Omar Zenhom
I'm ready.
Nicole Zenhom
If you could have any superpower, what would it be?
Omar Zenhom
Flying.
Nicole Zenhom
Morning person or night owl?
Omar Zenhom
Morning.
Nicole Zenhom
What's your guilty pleasure snack?
Omar Zenhom
Chocolate, probably, or ice cream or both? Yes, chocolate ice cream.
Nicole Zenhom
Cats or dogs?
Omar Zenhom
Cats.
Nicole Zenhom
If you could travel anywhere in the world right now, where would you go?
Omar Zenhom
Oh, Japan.
Nicole Zenhom
Speaking of Japan, what's your go to karaoke song?
Omar Zenhom
New York, New York by Frank Sinatra. Because he doesn't sing, he talks.
Nicole Zenhom
Coffee or tea?
Omar Zenhom
Coffee, but I do like tea.
Nicole Zenhom
What's a hobby you've always wanted to pick up but haven't yet?
Omar Zenhom
I've picked up the piano a few times but dropped it. So I'd like to commit to it in the near future.
Nicole Zenhom
If you're an animal, what animal would you be and why?
Omar Zenhom
I don't know.
Nicole Zenhom
You said you wanted to fly.
Omar Zenhom
Maybe an elephant.
Nicole Zenhom
Okay.
Omar Zenhom
I feel like elephant. For some reason, I relate to them. Yeah, yeah.
Nicole Zenhom
Beautiful. Last question, and I think I know the answer to this one. What's the weirdest thing you've ever eaten?
Omar Zenhom
Oh.
Nicole Zenhom
Come on.
Omar Zenhom
Weirdest thing. I've eaten cat food before.
Nicole Zenhom
I was gonna say yeah.
Omar Zenhom
Yeah. My sister Mona dared me in and I did it for $5 when I was 9 or something, but it was well worth it. Didn't taste too bad.
Nicole Zenhom
You heard it here first. Omar ate cat food for $5 on.
Omar Zenhom
A day that would go a long way in 1989. Come on, guys.
Nicole Zenhom
Wow. Well, Omar, thank you, thank you, thank you.
Omar Zenhom
This is an interesting experience.
Nicole Zenhom
Yeah.
Omar Zenhom
Being on the other side on my own podcast. Yes. That's a really interesting one. But hopefully it was valuable for those who are listening and thank you. And I have to say that all throughout this journey last 10 years, you've been with me, by my side. We've helped each other. Luckily, throughout those 10 years were never down at the same time. Either I'm having a tough one and you pick me up and. Or vice versa. So this would not be possible, you know, without having a good partner with you. I mean, I'm very lucky. And I think that anybody looking to start their entrepreneurial career and make their lives a little easier, find a good business partner. It doesn't have to be your wife. It could be. Or your husband. It could be anybody. But I think that sharing the journey with somebody is like sharing a trip. Like you go on holiday with somebody and you, you can, you know, call them up and say, oh, I remember when we experienced this. That was crazy. Oh my gosh. You know, and we have those moments all the time. So the adventures was, Was. Has been great, you know, with you on my side.
Nicole Zenhom
With the risk of sounding cheesy or corny, I think we're pretty lucky to be able to do this together.
Omar Zenhom
Yeah, lucky in a lot of ways. I think. A lot of ways. You know, we didn't have it easy. It was tough. We. We took advantage of the opportunities we had. And, you know, I think that through the journey, I think we realized that, yes, there are journeys tough, but a lot of people have it tougher. And it's not always easy. And you don't always want it easy. You know, making the tougher it is, actually the more satisfying it is. So I have to say that that's something I remember the most.
Nicole Zenhom
And happy birthday to the $100 MVA show. Happy 10th birthday.
Omar Zenhom
Time to grow up. No, 10 years is great. To the next 10 years.
Nicole Zenhom
To the next 10 years.
Omar Zenhom
Well, there you have it, guys. Thank you so much for listening to this very special 10th anniversary episode of the $100 MBA Show. Remember, from tomorrow you can listen to this show. You can watch this show as well on YouTube. So go ahead and check us out over@100mba.net of course, you can check out our brand new website as well with all our amazing goodies. And you can search the podcasts by genre, by topic. So go ahead to 100mba.net. I want to thank Nicole for taking the time to prepare that interview. And it was really fun to kind of sit down with her in person and go back to old memories and old times and stories that really, I almost forgot about, didn't completely forget about, but I almost forgot about. That was a lot of fun. Thanks so much again, guys. And if you want to say thank you. If you want to give us a 10th anniversary gift, the best gift you can give us is to subscribe. Subscribe to the show, whether on Apple or Spotify or now on YouTube. Thanks so much. I'll check in next time.
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The $100 MBA Show: MBA2508 - The 10-Year Journey and What’s Next
Episode Release Date: August 16, 2024
Host: Omar Zenhom
Producer: Nicole Zenhom
In this landmark 10th-anniversary episode of The $100 MBA Show, producer and co-founder Nicole Zenhom interviews Omar Zenhom, the visionary behind the podcast. The episode offers a heartfelt reflection on the past decade, exploring the lessons learned, challenges overcome, and the future direction of the show and their entrepreneurial ventures.
Nicole Zenhom introduces the episode:
“Welcome to a very special episode of the Hundred Dollar MBA Show. [...] Omar Zenhom shares his reflections, lessons learned, and what's next for the podcast and our businesses.” ([01:05])
Omar delves into his upbringing, highlighting the impact of his immigrant parents from Egypt and the values instilled during his childhood. Being the youngest of three siblings in the United States, Omar learned the importance of hard work and seizing opportunities.
Omar Zenhom:
“...immigrants, learning a new language, learning a new culture, trying to make ends meet... instilled in us this concept of opportunities are not to be squandered.” ([03:24])
He recounts his first job at his father’s car dealership at age 13, which taught him the value of earning money and saving diligently—a habit inspired by his thrifty mother.
Omar Zenhom:
“I was a saver as a kid and I would save my $35... that was one of my earliest memories of going to work with my dad and just earning my first dollar.” ([05:55])
The inception of The $100 MBA Show in 2013 stemmed from Omar and Nicole’s desire to create scalable, valuable business education accessible to everyone. Frustrated with traditional business education's high costs and limited practicality, Omar envisioned a platform that offered actionable lessons without the hefty price tag.
Omar Zenhom:
“I wanted to get into a business model where we can create something that was a value that could scale and help people. Create it once, sell it many times.” ([10:53])
He criticizes the existing education system for being slow to adapt and too focused on credentialing rather than practical entrepreneurship.
Omar Zenhom:
“MBAs are not for [aspiring entrepreneurs]. MBAs are for people who want to get a finance job at a bank...” ([10:53])
Launching The $100 MBA Show wasn’t without hurdles. From integrating payment systems like Stripe to mastering SEO and email marketing, every aspect of starting an online business was a learning curve.
Omar Zenhom:
“The biggest challenge was just the amount of work we had to do, the amount of things we had to learn...” ([20:03])
A pivotal moment came when they attended the New Media Expo, where they connected with influential entrepreneurs like Nathan Barry and Amy Porterfield. This experience validated their vision and inspired them to persevere despite initial setbacks.
Omar Zenhom:
“These people are just like us and this is possible... they were relatable.” ([21:23])
Winning the Best of Apple Podcasts award six months into the podcast’s launch was a significant validation, marking their entry into the entrepreneurial space with credibility.
Omar Zenhom:
“It was a big validation for us that we’ve created something worth people’s attention.” ([24:02])
Omar emphasizes the importance of personal development in his entrepreneurial journey, citing early influences like Tony Robbins and Jim Rohn. He believes that facing and overcoming failures fosters more growth than successes.
Omar Zenhom:
“You learn more from your failures than your success... challenges are horrible but there are so many lessons.” ([28:12])
He shares his daily disciplines, which include journaling, exercising, and prioritizing work tasks to maintain productivity and mental clarity.
Omar Zenhom:
“I like to stay consistent with my journal every morning... sometimes it’s just a to-do list or notes about what I want to get done.” ([36:37])
Nicole echoes the significance of these habits, highlighting their collective commitment to continuous learning and discipline.
Nicole attributes Omar's success to his sense of humor, humility, kindness, and empathy—traits that not only make him approachable but also resilient during tough times.
Nicole Zenhom:
“Humor is one of them. The ability to... see the humorous side of life... plays a huge part in overcoming the tougher days.” ([44:43])
Omar Zenhom:
“Life is too short for you to take yourself too seriously.” ([47:02])
These qualities, combined with their entrepreneurial mindset, have enabled them to build a supportive community and navigate the complexities of business building effectively.
As they celebrate ten years, Omar and Nicole unveil exciting plans for the next decade. Key upcoming initiatives include:
Rebranding and Website Overhaul: A refreshed brand identity and a new, user-friendly website featuring enhanced search capabilities for over 2,500 episodes by topic.
Video Content Expansion: Launching a YouTube channel where all podcast episodes will be available in video format, catering to diverse audience preferences.
Enhanced Membership Programs: Revamping the $100 MBA program with updated content, interactive elements, AI tools, and tiered courses targeting different business growth stages.
Omar Zenhom:
“From tomorrow, every episode is going to also be available on video. So you’ll be able to watch the 100 MBA show on YouTube.” ([56:06])
Nicole Zenhom:
“We're adding worksheets that go along with our episodes, some particular episodes that are going to be hands-on...” ([56:38])
Their mission remains steadfast: to empower individuals to achieve financial independence and build businesses they're proud of through accessible and practical education.
To provide listeners with a more personal glimpse into Omar’s character, Nicole conducts a rapid-fire segment, revealing his preferences and quirks:
Omar expresses deep gratitude towards Nicole, acknowledging her unwavering support throughout their entrepreneurial journey. He underscores the importance of having a reliable partner, whether in business or life, to navigate the ups and downs of building a venture.
Omar Zenhom:
“...without having a good partner with you. I’m very lucky.” ([63:33])
He emphasizes the significance of perseverance and the satisfaction derived from overcoming challenges, reinforcing the podcast’s core message of resilience and continuous growth.
Omar Zenhom:
“We realized that, yes, there are journeys tough, but a lot of people have it tougher... making the tougher it is, actually the more satisfying it is.” ([64:39])
Nicole concludes the episode by celebrating the milestone and encouraging listeners to subscribe and engage with their newly enhanced platforms.
Nicole Zenhom:
“Happy 10th birthday to the $100 MBA Show. To the next 10 years.” ([65:20])
Omar on Opportunities:
“Opportunities are not to be squandered. You should work hard for them and then when they come in front of you... you should just take action.” ([03:24])
Omar on Learning from Failure:
“You learn more from your failures than your success.” ([28:12])
Nicole on Humor’s Importance:
“Humor... plays a huge part in overcoming the tougher days.” ([44:43])
Omar on Entrepreneurship as a New Planet:
“It's like going to a new planet... you realize, oh, the rules are not the same here.” ([18:26])
Omar on Growth Mindset:
“If I want different results, I can't expect to be the same person.” ([33:27])
This special episode serves not only as a celebration of The $100 MBA Show's ten-year legacy but also as a roadmap for aspiring entrepreneurs. Through heartfelt storytelling, practical insights, and a vision for the future, Omar and Nicole Zenhom continue to inspire and educate a global audience, empowering individuals to achieve financial freedom and build meaningful businesses.
For more information and to engage with their new offerings, visit 100mba.net.