BiggerPockets Money Podcast

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

Mar 8, 2024

Learn from serial entrepreneur Omar Zenhom how he built, scaled, and sold a multimillion-dollar SaaS company. Discover the importance of teaching in business, the pros and cons of bootstrapping, and leveraging your network for success. Hear about the emotional challenges and strategic preparations required when deciding to sell a business.

40:53

Episode guests

Omar Zenhom

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Episode notes

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Quick takeaways

Omar scaled a multimillion-dollar SaaS company by preselling lifetime deals to fund growth.

Teaching as a crucial skill in business, exploring bootstrapping vs. raising capital for financial independence.

Deep dives

Omar Zenholm's Entrepreneurial Journey and Upbringing

Growing up in an immigrant family from Egypt, Omar learned the value of hard work and seizing opportunities. His uncle's gift of influential books sparked his interest in entrepreneurship. Despite his teaching career for over a decade, Omar pursued side businesses, learning through trial and error.

Introduction

4min

Journey from Teaching to Entrepreneurship and Wealth Accumulation

3min

Navigating the Entrepreneurial Journey: Successes, Failures, and Connections

5min

Entrepreneurial Journey and Business Evolution

14min

Building Genuine Relationships and the Art of Selling Authentically

5min

Navigating the Emotional and Strategic Terrain of Selling a Business

9min

Review Encouragement and Navy Federal Credit Union Benefits

2min

If you want to make money online in 2024, good news: it’s easier than ever! Just ask today’s guest, who had to bootstrap his online business before you could launch a business with little to no startup costs. If you have an entrepreneurial spirit and need a little inspiration to get your next business idea rolling, this episode is for you!

Welcome back to the BiggerPockets Money podcast! Today, we’re joined by serial entrepreneur Omar Zenhom from The $100 MBA Show. For many years, Omar worked as a full-time educator while nurturing his fledgling businesseson the side. Naturally, many of them didn’t work out. But rather than letting these failures deter him from entrepreneurship, Omar applied each new lesson to his next business venture. Eventually, he struck gold with WebinarNinja, a software company he scaled to 30,000 users before selling his business and enjoying the spoils.

Want to achieve financial freedom without being reliant on your W2 job? Stick around to learn the ins and outs of building a business from the ground up—saving money to get started, leveraging your network to scale the business, and ultimately, selling your company for a huge profit!

In This Episode We Cover

How Omar built, scaled, and SOLD a multimillion-dollar SaaS (software as a service) company

How to start your own online business from square one

Why teaching is the ultimate skill you NEED to develop for business

The pros and cons of bootstrapping versus raising capital

Leveraging your network to help grow and scale your company

Preparing to sell your business (and how to exit successfully!)

And So Much More!

Links from the Show

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