MBA2282 Are You Thinking Big Enough?

Let me tell you about Intuit QuickBooks. When I was starting out my business, I remember sitting at my desk late at night, not working on my business, but cleaning up numbers, tracking and reconciling payments and wondering how this became my life. But once I automated the admin side of things, of my finances, those nights had disappeared and I felt a whole lot better. Outdo it with Intuit QuickBooks. QuickBooks is the trusted end to end solution that businesses rely on for getting paid, managing finances, paying employees, finding new customers, and more. QuickBooks provides a team of AI agents and trusted experts. So doing it yourself no longer means doing it alone. Their payment agent gets you paid faster, their customer agent finds leads, follows up and secures more sales, and the accounting agent automates and categorizes transactions. Get your critical business jobs done with QuickBooks on the Intuit platform. Ready to save on new tech? It's time for Dell Tech Day's annual sales event celebrating our customers with fantastic deals and benefits. Perks include Dell rewards, free shipping, premium Support and more. PCs like the Dell 14 with Intel Core Ultra processors will help you do more faster. And with a premium suite of monitors and accessories, you can upgrade your whole setup with amazing savings. Visit Dell.com deals. Hey, welcome to the $100 MBA show, the business podcast that always has your back every single day with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher, Omar Zenholm. I'm also the co founder of Webinar Ninja, an independent software company I started with my co founder back in 2014. And in today's lesson we're going to discuss the question, are you thinking big enough? This is a question I have to ask myself from time to time. It's so important and I'm going to challenge you to ask that question of yourself. Sometimes we get laser focused. We focus on the tasks we have at hand, what we got to do, what we got to accomplish. We think of the next step and the next step and really don't make the time to think bigger, to think wider, to think what is this all for? And how can we get to a higher level in in this game we call business? In today's lesson, I'm gonna share with you three stories of three friends of mine that inspired me to think bigger. And then I'm gonna wrap up by showing you how you can start thinking bigger in your business. Because they say if you shoot for the moon, even if you miss, you land among the stars. So let's get into it. Let's get down to business. The term thinking big is so cliche, right? It's like, you need to think big. You gotta think humongous. You can do anything, anything is possible. The sky's the limit. All. All these cliches. But the mind is very powerful. What you focus on is really what you achieve. And if you focus on something and you don't really think big about it, if you don't think, hey, maybe this is a possibility. Maybe I can create something bigger than I imagined. Initially, we set off on a goal. When you start a business, right, we think, this is what I want. This is what success means. And years go by, and we never change it, right? We never actually up the ante or. Or think bigger. So I wanna share with you three stories that inspired me to think bigger and then share with you how I like to practice big thinking. The first story is courtesy of Ramit Sethi, who's a New York Times bestselling author of I'll Teach youh to Be Rich. He's a friend of the show, he's been on the podcast several times, and he's recently become a good friend of mine. And I really have learned a lot by getting to know him. Yes, this guy has a New York Times bestseller multiple times. It's been on the list. But he started with a very simple blog out of his college dorm room, geeking out on personal finance. Yes, it just started with a simple blog, but he grew an audience, he grew his credibility, he improved his voice, his writing skills, his ability to communicate his ideas and opinions. That became his book, I'll Teach youh to Be Rich, that became an amazing success for the last decade. He then launched a podcast that's incredibly successful where he talks to couples about their financial situations, about their struggles on both sides of the spectrum. People that are in debt, but also people that are wealthy by any objective means, but don't see themselves as wealthy and have a hard time spending money. Burme is constantly thinking big. He's practicing big Thinking is how I like to put it. And in a couple weeks, he's launching his very own Netflix series, How to get rich. It launches April 18th on Netflix. And I couldn't be prouder because Ramit didn't just say, hey, I got a great blog. It's going well. I've monetized it with some courses. Let me just stay here, stay in my lane. In a couple of months, our mothers will know who Ramit CD is, right? My mom's gonna know who Ramit CD Is even though she's not into business or finance or anything like that, because he's on Netflix and he's thinking, big, you know, how can I reach a larger audience? Yeah, I got this massive blog. Yeah, I have a New York Times bestseller that's in every bookstore. Yeah, I got this amazing podcast, but how can I reach everyday people? And he grew his audience and credibility over the years. This is like 15 years in the making. And now he has his own Netflix show. It made me stop and think, am I thinking that big, right? Am I thinking about how high I can go or how I can reach new people, or am I just getting content and almost, like, lazy with what I'm trying to achieve? These are confronting questions, right? We don't like to question ourself or hold ourselves, you know, accountable or put our feet to the fire, but that's how we grow when we say, you know what? Maybe I'm not pushing enough. Maybe I'm not pushing myself enough, or maybe I need to start believing in myself beyond what I've already achieved. The next story comes courtesy of my good friend Jordan Harbinger, host of the Jordan Harbinger Show. Jordan's been podcasting for so, so long, since 2006. That's before the iPhone. It's pretty crazy. His podcast is incredibly successful. Millions and millions and millions of downloads every single month. He's interviewed some of my heroes, like Kobe Bryant, interesting artists like T. Pain, and has some real original guests, like hostage negotiators. Yeah, he is amazing what he does. He's an amazing podcaster. He has a great audience. But I never thought a podcaster can get a shoe deal, right? Like an athlete, like LeBron James or Steph Curry having their own signature shoes and their own brands backing their brand. And Jordan thought bigger. He thought, hey, I have an audience and people listen to my podcast, and I'm a stylish dude, and K. Swiss gave him a shoe deal. And when that happened, I was like, oh, that's interesting. That was not even a consideration for me as a podcaster, as a brand. And I started asking myself, why? Why did I never consider that? And it's probably because I'm not thinking big enough. I'm not stretching what's possible. The next story comes courtesy of Patrick Campbell, the founder of ProfitWell. Patrick was on the show talking about how he sold his business, ProfitWell, for $200 million. When he announced the sale and shared the numbers with me, it really had me taken aback, right? Had me, like, really readjust myself in My seat. I was like, wow, that is crazy. Because I know Patrick. I've been to conferences with him. We've, you know, had meals together, chats, video calls, in person meetups. And we're like building our software businesses around the same time and growing and learning from each other. And the next thing I know is he sells for this incredible life ch changing amount. And I thought to myself, maybe I'm not thinking big enough. Because a nine figure exit, that's pretty amazing. Even if your goals are not to have a Netflix show or shoe deal even, it's just purely financial, are you thinking big enough? Are you thinking about turning your maybe $500,000 a year business to a $10 million business or $100 million business? There's something different about knowing somebody and then seeing an extraordinary result and be like, oh, oh, wow. Patrick is a brilliant guy. He's a smart guy, he's super hardworking. But somehow now it seems more possible for me. I start to see that I'm not thinking big enough. And what I started to realize is I'm not doing things to think big enough. So I want to share with you some of the things I've been doing to try to open up my thinking. A lot of times we meet amazing people at conferences, at meetups, at parties, at whatever, and we have superficial conversations. We get to know them a little bit, and we probably don't become quite close friends. I've made it a point now to start getting to know people more. So after I've met them at a conference or a meetup, I will get their contact, we'll message each other, we'll get on a call, maybe have lunch or dinner if we're local. And the reason why I'm doing this is because I don't want to just have these conversations where we talk about, what do you do? I do this. What do you do? You do this. Okay, great. I want to learn how they do it. I want to learn what they do every day. I want to know what they think about how they set their goals, what's on the horizon, what are they trying to do in the next few years? And that opens up my thinking. It challenges me thinking, oh, wow, you're going to launch a Netflix show. At least I can do is start a YouTube channel, right, which we have for Webinar Ninja. It's been growing incredibly well. So feel free to subscribe if you want to learn more about how to run great webinars and live courses. Shameless. Plug here. But the point here is Is that by having these real intimate conversations about the how and not the what, you start to think bigger. Now, this means you're going to have to focus more on quality and not quantity of relationships. It doesn't mean you neglect trying to meet as many people as possible. What I like to do is, you know, go to as many events as I can see. Networking and relationship building as a part of work. That's work, by the way. This is part of what you do as an entrepreneur, because like they say, your net worth is your network. Right? But once I've kind of met everybody, I then choose who do I want to get closer to, who do I want to learn from, who is thinking big. And that can inspire me to think bigger. So whatever I do, whether it's the podcast or the software company or even just launching a little product or course, I think, okay, this is what I'm doing now. But what does this look like if it's big, if it's something that is beyond my dreams? And even though this is just a thought experiment, we tend to get lazy. We tend to be like, oh, no, we don't want to think about that, or that's too hard. There's no work involved here right now. We're just in our minds and we're forcing ourselves to push the envelope and say, okay, let's think a little bigger. What's the bigger version of that? Let me give you an example. I have a podcast, the $100 MBA Show. And it's been an amazing, amazing podcast for the last eight years. We've grown an incredible listenership, over 250 million downloads. Incredible, right? And I want to continue to serve this audience for as long as I can. But what's the next step for the podcast? Well, let's think a little bigger. Maybe I can get the podcast on airlines so people can listen to my podcast on a flight. Maybe I can showcase some of the success stories we've had through the 100 LMBA show, podcast and program through a documentary. And maybe that can be on Amazon. Maybe I can collaborate with other entrepreneurs and create an annual festival. You gotta suspend disbelief for a moment and just think big.

Introducing Fidelity Trader plus with customizable tools and charts you can access across all your devices. Try our most powerful trading platform yet@fidelity.com Trader investing involves risk, including risk of loss. Fidelity Brokerage Services LLC Member nyse SIPC.

If your team isn't using ClickUp, you're wasting time. And data proves it. 61% of knowledge workers manage work more than Doing it, switching apps a thousand times a day, that's work sprawl and costs millions. ClickUp replaces 20 apps with convergence, uniting projects, docs and chats while AI super agents handle the busy work. Join 4 million teams using ClickUp to finish work 30% faster, try it free and get 15% off AI upgrades@ClickUp.com podcast that's C-I C K U P.com podcast.

So my first piece of advice when it comes to starting to think bigger is meet as many great people as you can. Now, obviously, everybody can't be great that you meet. So again, like I said, first, try to meet as many people as you can, then go deeper on the ones that you feel like can inspire you and help you grow. Secondly, whatever you're working on right now, just for a moment, just for just maybe five, ten minutes, think about what's the bigger, bigger, bigger, bigger version of that? Where can this go? Don't think about limitations. Don't think about, you know, financial limitations, abilities, you know, connections. How do I know anybody on Amazon? It doesn't matter right now. Let's not worry about that right now. The how is that important. Know, as entrepreneurs, we like to know the how, but right now we got to think of different ways we can grow. And the thing I noticed is, even in my own journey, as you start thinking bigger and achieving bigger things, it actually gets easier. Like, things get easier, you get introductions, you get connections, people help you out. There's doors that start to open that were not even visible before. And it all starts by thinking big. So anytime I start a project, anytime I start even working on something in my day to day, I think to myself, okay, this is what I'm doing, this is how I'm doing it. Why am I doing this? What is the end goal? What is the big version of this end goal? How else can I contribute? How can this be bigger than what I imagine or what I'm doing now? This is what I'm doing now. This is the goal, this is what I'm achieving, this is what I'm producing. But how can this lend itself to something bigger in the future? Thanks so much for listening to the Hundred RMBA show. I hope today's episode was helpful. You learned something if you did Share it on social. Let people know that you listen to the podcast. Send them over to 100- MBA-NET so they can subscribe to the podcast on any podcast app they use. By the way, if you're not subscribed yet, go ahead and do that now. By subscribing, you get access to over 2200 business lessons in our archive. So go ahead and hit subscribe, hit follow on your favorite podcast app right now. Before I go, I want to leave you with this I've always said that business is totally a mindset game. It's probably 80% mindset. If you look at the great visionaries of business, whether it's Edison or Steve Jobs or Elon Musk or Sarah Blakely from Spanx or Barbara Corcoran. If you hear their stories, okay, they think anything is possible. They think big constantly. They're almost delusional, right? But that's because they practice thinking big constantly. They dream big. So therefore their bar is high. And even if they don't hit the mark, like I said, they're still successful to some degree. And eventually you will hit the mark. Because it's all a practice. It's all something that we do in repetition. It's all something that we do to get better and better at. Just like a muscle, thinking big is a skill. Thanks so much for listening and I'll check you in Tomorrow's episode Freeride Friday. I'll see you then. Take care.

You see where your business can go. To get there, you may need another 10 trucks. At Century Insurance, we put more than 115 years of industry experience to work to help protect you as you launch a new delivery service or expand into a new region and reach reach your business goals. Sentry right by you. Property and casualty coverages are underwritten and safety services are provided by a member of the Sentry Insurance Group, Stevens Point, Wisconsin. For a complete listing of companies, visit sentry. Com. Policies, coverages, benefits and discounts are not available in all states. Epolicy for complete coverage details.