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You are not going to want to miss part 2 of my incredible chat with Mel Abraham! Founder of Business Breakthrough Academy and Thoughtpreneur Academy, Mel is mentor, author, keynote speaker and more! Matt and I had the honour of hearing him speak and met him at a mastermind last year! It doesn't matter what stage of entrepreneurship you are in, Mel's superpower is making everything he teaches extremely digestible in order to propel yourself forward! His brand new book Building Your Money Machine is out now and I hope you join us for the last part of this conversation as we chat reframing how you set goals and celebrating your wins, along with some amazing finance advice! Tune in as we touch on:• Mel's process and rituals for setting goals.• Goals vs declarations, and why most people have trouble achieving their goals and committing.• Mel's personal journey with cancer and how he reframed his mindset. • Learning to enjoy the path to our goal destinations and the art of celebrating.• What inspired his new book, Building Your Money Machine?• 3 tips for newer entrepreneurs looking to set themselves up for financial success.Time to share the wealth! Want to WIN a copy of Mel's new book Building Your Money Machine? Post a screenshot on Instagram of you listening to this episode on your favourite podcast platform, tag myself @InspireAndMove and Mel @MelAbraham9 and I'll be giving away a copy!In the words of Mel, you deserve a life of choice, that you GET to live! I hope this episode inspires you immensely and I would love to know your thoughts on it over socials! Check out part 1 here if you haven't already! Mel's Links:Instagram @MelAbraham9Website https://melabraham.mykajabi.com/Order His New Book: https://amzn.to/4ezWuaeLet's Connect!• Instagram• Website• Facebook• TikTok
I am so ecstatic to have the amazing Mel Abraham on Inspire + Move this week! Founder of Business Breakthrough Academy and Thoughtpreneur Academy, Mel is mentor, author, keynote speaker and more! Matt and I had the honour of meeting him at a mastermind last year and hearing him speak at a live event! It doesn't matter what stage of entrepreneurship you are in, Mel's superpower is making everything he teaches extremely digestible in order to propel yourself forward! His brand new book Building Your Money Machine is out now, and I hope you join us for part one of this conversation where we dive into his entrepreneurial roots and his powerful outlook on influence, leadership and communication in business and in life! Tune in to hear us discuss:• The magic spark that began his entrepreneurial journey at age 11! • The impact of really immersing yourself into a book and putting what you learn into action.• What being an “influencer” should really mean when it comes to building trust and care with others.• Making the skill of communication a priority- it's a one way street. • Your business' profit should be a byproduct of the value and purpose you create for your customers and employees. Time to share the wealth! Want to WIN a copy of Mel's new book Building Your Money Machine? Post a screenshot on Instagram of you listening to this episode on your favourite podcast platform, tag myself @InspireAndMove and Mel @MelAbraham9 and I'll be giving away a copy at the end of the week! I hope you got as much value as I did from this episode and would love to know your thoughts! Please give Mel a follow on socials, and you can order his new book here! Stay tuned for part 2 of this awesome conversation airing this Thursday! Mel's Links:Instagram @MelAbraham9 Website https://melabraham.mykajabi.com/Order His New Book: https://amzn.to/4ezWuaeLet's Connect!• Instagram• Website• Facebook• TikTok
Guest Bio:Mel Abraham is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. He's the author of the best selling book "The Entrepreneur's Solution" as well as his new book that releases in June, "Build Your Money Machine".
Wealth creation is something that is attainable for everyone. With proper planning and a good strategy, anyone can set themselves up for a financially free future. My friend and mentor, Mel Abraham, joins me on the show today to share how to set yourself up for a financially free future. Mel is the founder of Thoughtpreneur Academy and Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle they want. Mel is one of the most sought-after financial experts, entrepreneurial mentors, and strategic thinkers of our time. What you'll hear in this episode: [2:20] Who is Mel and how is he different from your typical CPA? [6:02] How are business ownership and wealth building connected? [13:01] What are some types of assets that you can purchase as part of your money machine? [22:43] What are some sustainable wealth creation habits? [29:31] How to build your wealth in alignment with your lifestyle. [36:01] What is the Affluent Entrepreneur Experience? Connect with Mel: FREE 3-day Live Training: www.AffluenceLive.com IG: @melabraham9 * Related episodes: How to Maximize the Return on an Unpaid Opportunity How to Develop a Brand Style with Tanya Smith Leveraging Collaborations for Business Growth Tactical Resources: 5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide CFO Power Session: https://www.keepwhatyouearn.com/power-session-inquiry See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator Additional Resources: Find everything you need at https://www.keepwhatyouearn.com Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa Hire us: https://www.fitnancialsolutions.com/accounting Find me on IG https://www.instagram.com/shannonkweinstein/ Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
In this episode, we have a special guest, Mel Abraham. Mel is a CPA-turned-entrepreneur and the author of the #1 Bestseller, "The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom." As the founder of Thoughtpreneur™ Academy and Business Breakthrough Academy™, Mel helps entrepreneurs bring their businesses to the world and build the lifestyles they desire. Join us as Mel shares his insights on navigating traditional financial advice, creating compelling content, and increasing brand awareness. Discover the keys to business growth and success from a globally recognized thought leader and financial expert. Tune in to the Pro Mindset Podcast and unlock your potential for entrepreneurial success with Mel Abraham!You can find Mel on Mel's #1 Best Selling Book - https://amzn.to/3NLnE14Twitter - https://twitter.com/MelHAbInstagram - https://www.instagram.com/melabraham9/LinkedIn - https://www.linkedin.com/in/melhabraham/ Website - https://melabraham.com/Listen and enjoy this podcast.Twitter - https://twitter.com/ProMindsetPodInstagram - https://www.instagram.com/promindsetpodcast/Facebook - https://www.facebook.com/ProMindsetPod/LinkedIn - https://www.linkedin.com/in/craig-domann-13b20525/
In this episode of the Digital Business Evolution Podcast, Jess is joined by the incredible Mel Abraham. Mel is a CPA and founder of Thoughtpreneur Academy and Business Breakthrough Academy where he helps entrepreneurs bring their businesses into the world and build the lifestyle they truly want to live. After finding and conquering a cancerous tumor in his bladder in June 2019 Mel began to teach his The Affluence Blueprint to help entrepreneurs find financial liberation and peace of mind. This process is what he has used to build his business and more importantly focus on what is more important which is not money, but time. Jess and Mel talk all about the process of building actual wealth. Learn today about how marketers manipulate your emotions to buy, how to start taking back control of your business and time, destructive debt vs constructive debt and how important it is to separate your business account from your personal account. With all of these tactical tools Mel provides on this episode today you will be on your way to creating and living a truly affluent life! As always, cheers to your evolution. Key Takeaways: Learn how true wealth is built slowly and consistently. Learn how important it is to separate your business account from your personal account. Learn about getting an advisor rather than listening to the next tik tok video on financial advice! Key Timestamps [3:36] – Battling cancer and how it shifted his business and life; [7:40] – What is an asset?; [10:12] – What is true wealth; [23:02] – How to start taking back control of your time; [36:56] – Business account and personal accounts; [44:44] - What are your deductibles? Episode Quotes “We need to consider that it is no longer a luxury to have multiple streams of income…it is a necessity.” - Mel Abraham “The True Currency of life is not what's in the bank account, it's what's on the clock, the time..” - Mel Abraham “The reason why wealth creation is this methodical slow growth is because we actually have to grow to be responsible enough to be the stewart of it.” - Mel Abraham Episode Resources Interested in learning more about the DBE Mastermind for 2023, check it out here: https://www.jessglazer.com/dbe-themastermind Take Mels FREE 60-Second Quiz to Unearth Your Financial Freedom Zone: https://www.melabrahamtraining.com/financial-zone Official Podcast With Mel Abraham: @TheAffluentEntrepreneurShow Ask Mel about any financial questions you might have! https://www.melabrahamtraining.com/askmel Connect with Mel Abraham Instagram: @melabraham9 Official Website: @melabraham.com Connect with Jessica Instagram: @iamjessicaderose TikTok: @iamjessicaderose YouTube: Jessica DeRose
What's in this episode:- The pillars of financial freedom.- Paying your future self.- What our fear can cost us.About Mel:Mel is a CPA by education but an entrepreneur by exhilaration, and the Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He's the founder of Thoughtpreneur Academy & Business Breakthrough Academy, where hehelps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel has built, bought, and sold numerous multimillion-dollar businesses for himself as well as his clients. He's a globally recognized thought leader, business advisor, CPA, and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the business and personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and TonyRobbins. Mel is a Certified Public Accountant with over three decades of experience as a financial expert, valuation expert, and business and success strategist. Mel is regularly sought after for consulting and valuation engagements around the country, such as family limited partnerships, co-tenant interest valuations, operating businesses as well as various entities. These projects have ranged from small family-owned businesses to large $1.7 billion companies. When not speaking, training, mentoring, or just being a little nutty, you can find him working out ortraining in martial arts. If not, he'll be creating experiences and memories with his beautiful wife, Stefanie, by traveling to exotic places or hanging at the beach where they live.Contact Mel:Website: MelAbraham.comYouTube - MelAbraham.com/tube/Instagram (melabraham9) - MelAbraham.com/ig/Podcast - TheAffluentEntrepreneurShow.comBook your 15-minute consultation call to see if Weaver Sales Academy is a fit for your agency here: https://bit.ly/3CnMjTxText BUZZ to (816) 727-7610 to connect directly with Michael and share your favorites from the episode or learn more about upcoming events and challenges happening in our industry Join Weaver Sales Academy: https://www.weaversa.com/Follow Michael on social media:Facebook: https://www.facebook.com/themichaelweaverInstagram: https://www.instagram.com/_michaelweaver_/LinkedIn: https://www.linkedin.com/in/michael-weaver-a2940095
There's a lot of economic uncertainty right now, and finding out the facts can be confusing. Are we in a recession? Are we not? You're going to get different answers depending on who you ask. One thing that's for sure is that things are different now than they were not so long ago. Because of that, I want to give you some ideas on things that you might want to be doing or things that you should do more or less of in your business in the hope that you are financially set up in the best way possible.In this episode of The Art of Online Business, I sat down with Mel Abraham to talk about how you might want to be looking at your business in this economically uncertain moment in time. Throughout our conversation, Mel also shares some of his tips on money, business, and wealth building. Mel is a CPA by education but an entrepreneur by exhilaration, and the Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He's the founder of Thoughtpreneur™️ Academy & Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. In this episode, you'll learn:How a recession is definedWhy we should lean on human connection during times like theseHow to manage business expenses based on ROI How we should measure our wealthWhy financial stability should be our first priorityThe benefits of having multiple income streamsThe steps to financial freedomWhat types of assets you should go afterLinks & Resources:The Art of Online Business websiteDM me on InstagramVisit my YouTube channelThe Art of Online Business clips on YouTubeFull episodes of The Art of Online Business Podcast on YouTubeThe Art of Online Business Podcast websiteCheck out my Accelerator coaching programMel Abraham's Links: Visit Mel's websiteFollow Mel on YouTubeFollow Mel on InstagramListen to The Affluent Entrepreneur ShowFull show notes available at www.rickmulready.com/622One of the biggest frustrations I hear from online business owners is how overwhelmed they are with all the tech it takes to run their business. That's where Zapier comes in. Zapier helps you make the most of the technology that you already use easily connecting over 4,000 of the most popular apps that online businesses use every day. Get started with a free account today at www.zapier.com/art
In this episode, learn from Mel Abraham on how to create financial freedom and indepedence.What we chat about in this episode:-Financial resources for mindset and business -Key drivers for financial security and independence-What steps you can take now to truly live an affluent lifestyleAbout Mel:Mel is a CPA by education but an entrepreneur by exhilaration, and Author of the #1 Bestseller,The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He's the founder of Thoughtpreneur™ Academy & Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want.Connect with Mel:IG: MelAbraham97-Day Money Plan Workshop (FREE): TheMoneyPlanWorkshop.comWebsite- MelAbraham.com Facebook - MelAbraham.com/bizpage/ Instagram- MelAbraham.com/ig/ YouTube - MelAbraham.com/tube/ Podcast - TheAffluentEntrepreneurShow.com Twitter - MelAbraham.com/Twitter/ LinkedIn - MelAbraham.com/Linked/TEXT HOLLY: https://bit.ly/TextHollyJOIN THE CRUSH THE RUSH CLUB: https://www.hollymariehaynes.com/plannerI hope these tips help! Keep in touch! Leave me a message at hollymariehaynes.com or instagram.com/holly_marie_haynes
This week's episode of the Right on Time podcast is all about the benjamins! My guest, Mel Abraham, is the best-selling author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom and the founder of Business Breakthrough Academy and Thoughtpreneur Academy. If that weren't impressive enough, Mel accomplished it all as a single, full-time father. And it wasn't easy! After seeing a portrait drawn by his 6-year-old son which pictured him standing in front of two computer screens and talking into two phones, Mel knew that he had to make some serious changes… and find a balance between profits and presence. Mel made a BIG shift in both the way that he worked and how his money worked for him, tapping into new types of income that required less of his time and energy — an approach that paid off in 2019 when he stepped away from his business to focus on his health after a cancer diagnosis. Mel is now a leading expert in building affluence through entrepreneurship, creating more wealth with less sweat, and achieving peace of mind through financial liberation. In this conversation, we dive into how to get money to work harder for you than you worked for it, how to build a business model around your book that'll 10x its revenue, and why “freedom” shouldn't be your #1 source of motivation as you build your business. In my latest podcast episode, you'll discover: Wealth-building tips for investing and financial planning —and why you need to know where your finish line lies Why passive income is actually a myth (and how to create leveraged income instead)! How the lessons he learned from his son shaped the way he runs his business — and how he dealt with his cancer diagnosis Remember to subscribe on iTunes, Google Play, and Stitcher! Highlights: 01:28 Meet Mel Abraham 04:07 Mel's journey 06:55 Mel's cancer diagnosis 08:14 His most valuable lessons 11:22 Creating cash flow to feed freedom 13:08 Five stages of income 17:22 Residual income & publishing 19:25 Importance of your financial machine 19:53 How to prioritize 24:15 Financial planning & finish lines 28:47 Finish line & microloans story 32:07 Wrap-up Thank you for listening! Want more information and tips? Bookmark ambermccue.com/blog and follow Amber on Instagram: @AmberMcCue Mentioned in this episode: Mel Abraham https://melabraham.com https://podcasts.apple.com/ca/podcast/the-affluent-entrepreneur-show/id955356128 https://www.facebook.com/mel.abraham https://www.youtube.com/c/melabraham https://www.amazon.com/Mel-H.-Abraham/e/B00S1PSVXE%3F Twitter: @melabraham9 Instagram: @melabraham9
This show is all about your business, your finances, and your life. This podcast is for you if you want to play a bigger game in life, in your business, with money, and generating a massive impact in the world in the process. I'm Mel Abraham, a best-selling author, speaker and founder, CPA by education, and entrepreneur by exhilaration. I'm the founder of the Thoughtpreneur Academy and Business Breakthrough Academy. In my journey as an entrepreneur, I've built, bought, and sold several multimillion-dollar businesses for my clients and myself. I believe that everyone should be financially independent. On this podcast, we will have open, frank, and direct conversations about wealth, business, and life, shining a light on what is possible for your entrepreneurial endeavors. I'm convinced that being an affluent entrepreneur is the answer to living a bigger, bolder life, and to do it is within our reach. I'll invite successful entrepreneurs, investors, and high-performance athletes to the show to share pearls of their wisdom about business, wealth, and their lives. I will answer the questions you send me and bring some of you to do one-on-one live coaching. Allow me to guide you on your journey of becoming an affluent entrepreneur. Let's do this together! Resources: - My website https://melabraham.com/ - Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabrahamtraining.com/TES-Book-Launch-1 - Find me on Facebook https://www.facebook.com/melhabraham/ - Find me on Instagram https://www.instagram.com/melabraham9/ - Find me on LinkedIn https://www.linkedin.com/in/melhabraham/ - Find me on Twitter https://twitter.com/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham
Mel is the founder of Thoughtpreneur Academy and Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought-after financial experts, entrepreneurial mentor and strategic thinkers of our time. Unlike many other so-called “business coaches”, Mel lives everything he teaches. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the #1 National Bestselling Author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that becoming an Affluent Entrepreneur ™ is the “new frontier” and the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms.It's about having a richer lifestyle, making a deeper impact and living with complete freedom. Met last month, as he was a guest speaker at our Mommy Millionaire Mastermind event Review of the affluent entrepreneur had my head spinning in an awesome way Made me realize I needed to take a bigger front seat in my own financial destiny-Captain My income as an entrepreneur (multiple streams, random injections) very different than my husbands. Up until hearing Abraham speak, I was letting my husband run the finance ship in the house, even though I was now creating cash injections in some months equal to ou previous annual household income Neither of us had really spent anytime improving our financial competence from what we saw growing up...we were just making more money than our parents did “When you earn beyond your financial comfort zone, you can loose it all overtime if you don't raise your competence on your money mindset Brought forth some great concepts I'm hoping we can unpack a bit today, but before we get to that, let's start with your story… You weren't always one of the most highly sought after financial experts. Take us back to when you where trading time for money, right before you jumped into working for yourself? Can you share with us a bit about the affluent entrepreneur? Can you speak a bit to wealth creation the priority, not income generation, b/c this is so important Leapfrog investing, can you speak to this Where would you guide the newer entrepreneur to start their venture in asset investing? Taxes and write offs (Tax free wealth) ..is there a better place to start? Retainer in high yield (where these days) until ready to invest, then in what? Real-estate/Air B and B ???what else do you suggest to get started in here 5 layers of income to create portfolio thinking for your business-the third layer being asset based income Can you speak to the benefits of being an entrepreneur and maybe some pitfalls or misses that you see with newer entrepreneurs who don't know how to maximize their tax write offs? Taxes and write offs 15% in your example, which I thought was low until reading “Tax free wealth” Favorite book from 2020, and maybe a good book for folks to get started on with improving financial competence Where can people find you? Do you have any programs right now?
Coaches, how financially prepared are you for life's curveballs? In this episode of PT Profit Podcast, our guest Mel Abraham shares his wisdom on reaching financial liberation and what it truly means to be affluent. This episode will blow your mind, so get ready to take notes. Mel and I discuss how to make a conscious financial decisions, determining needs versus wants, calculating risk, and so much more. You are going to hear me and Mel talk about: The three critical outcomes of becoming an affluent entrepreneur. Why living paycheck to paycheck might be a personal ego problem. The two primary sides of an entrepreneur journey, one of which is wealth creation. And more. Grab a pen and paper, and hit play on this great new episode. About Today's Guest Mel Abraham is a CPA by education but an entrepreneur by exhilaration, and Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He’s the founder of Thoughtpreneur Academy & Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. He has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. He’s a globally recognized thought leader, business advisor, CPA and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the business and personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and Tony Robbins. When not speaking, training, mentoring or just being a little nutty you can find him working out or training in the martial arts. If not, he'll be creating experiences and memories with his beautiful wife, Stefanie by traveling to exotic places or hanging at the beach where they live. Podcast Review + BONUS Offer If you enjoy this episode, I would love to hear your favorite part or what inspired you. Leave us a 5-star review over at Apple Podcasts by clicking here. Be sure to screenshot the published review and send it to the team at support@bsimpsonfitness.com, and we’ll send you a very special BONUS episode: How to Optimize your IG so that you can get your first 5 high paying clients even with just 100 followers. Related Links Mel Abraham Mel Abraham (@melabraham9) on Instagram Simple Selling Training - a new FREE 45-minute course Beverley Simpson's PT Profit Formula & PT Profit Formula Plus
Coaches, how financially prepared are you for life's curveballs? In this episode of PT Profit Podcast, our guest Mel Abraham shares his wisdom on reaching financial liberation and what it truly means to be affluent. This episode will blow your mind, so get ready to take notes. Mel and I discuss how to make a conscious financial decisions, determining needs versus wants, calculating risk, and so much more. You are going to hear me and Mel talk about: The three critical outcomes of becoming an affluent entrepreneur. Why living paycheck to paycheck might be a personal ego problem. The two primary sides of an entrepreneur journey, one of which spoiler! is wealth creation. And more. Grab a pen and paper, and hit play on this great new episode. About Today's Guest Mel Abraham is a CPA by education but an entrepreneur by exhilaration, and Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He’s the founder of Thoughtpreneur Academy & Business Breakthrough Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. He has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. He’s a globally recognized thought leader, business advisor, CPA and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the business and personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and Tony Robbins. When not speaking, training, mentoring or just being a little nutty you can find him working out or training in the martial arts. If not, he'll be creating experiences and memories with his beautiful wife, Stefanie by traveling to exotic places or hanging at the beach where they live. Podcast Review + Bonus Offer If you enjoy this episode, I would love to hear your favorite part or what inspired you. Leave us a 5-star review over at Apple Podcasts by clicking here. Be sure to screenshot the published review and send it to the team at support@bsimpsonfitness.com, and we’ll send you a very special BONUS episode: How to Optimize your IG so that you can get your first 5 high paying clients even with just 100 followers. BSimpsonFitness Links Beverley Simpson's 7-Day Social Media Content Planner - Download this FREE 7-day social media content planner, and discover exactly what to post for the next seven days so that you get your first few high-paying clients. Beverley Simpson's
Are you interested in making your money work for you? Listen to Cayla and her guest, Mel Abraham, discuss the need to invest your money first and how to design your lifestyle around what’s left, why entrepreneurs are building a house of cards without even knowing it, some real practical advice you can implement today plus much more on this https://www.mommymillionaire.co/podcasts (Mommy Millionaire Podcast) episode. Mel is a CPA by education but an entrepreneur by exhilaration and an author of the number one bestseller, https://www.amazon.com/Entrepreneurs-Solution-Modern-Millionaires-Freedom-ebook/dp/B00UAPAT10 (The Entrepreneur’s Solution: The Modern Millionaires Path to More Profit, Fans, and Freedom). Mel is the founder of https://melabraham.com/ (Thoughtpreneuer Academy) and https://melabraham.com/learn/ (Business Breakthrough Academy), where he helps entrepreneurs bring their businesses to the world and build the lifestyle they want. He is a globally recognized thought leader, business adviser, CPA, and financial expert sharing stages with a long list of Fortune 500 Companies and beacons in the personal development industry. Mel discusses finding the right financial planner and a few things to think about when searching. Mel talks about the five levels of income and how the top three should replace 75 to 100 percent of your income. He also speaks about creating a perpetual income machine that, when activated, can keep you financially stable when something unexpected happens, like when he was diagnosed with cancer. Listen, as Mel shares the difference between those that will build wealth and those that won’t, how to set up your business for success and to know your outcome and then work your journey to get to that outcome. Mel believes that when investing, you should start with the safe and mundane to build your portfolio before you dabble in the more risky investments. If you are interested in making money, you need to be committed to keeping your money and making your money work for you. Mel shares many tips and insights to help you on your journey to financial success. You don’t want to miss this episode. In This Episode: [04:12] Welcome to the show, Mel! [05:23] Mel shares his background and his love of entrepreneurship. [07:45] Mel speaks about being a CPA and wanting to control his life and be his own boss. [10:22] Listen as Mel shares the difference between passive and leveraged income. [12:36] Mel believes that the right financial planner is like your first mate on a ship, but you will always need to be the captain of the ship [14:01] Mel speaks about a couple of things he would do to find the right financial planner for you. [16:59] Mel considers himself a financial educator. [18:00] Mel talks about creating five income levels, with the top three replacing 70 to 100 percent of your income. [20:55] How many levels are you generating? [21:25] Mel shares about being diagnosed with cancer and how his life changed. [22:49] Mel wants everyone to create a perpetual income machine. [23:26] What was your mindset when you got the diagnosis? [26:01] Mel discusses what he did to keep in the right mindset when leaning towards the dark place. [28:57] “I know my outcome; what I don’t know is my journey.” [30:03] Get your active and business income running profitably first before you create the other levels. [31:45] Cayla speaks about the million-dollar launch she is doing. [33:04] Mel shares the difference between those that will build wealth and those that won’t. [35:30] Mel speaks about being duped in a Ponzi scheme. [37:42] When first investing, focus on the more mundane. If it sounds too good to be true, it is. [40:49] Listen as Mel shares how to set up your company for success. [43:45] Know your outcome and then work the journey to get to your outcome. [44:51] Mel shares some final thoughts with the listeners. [47:57] Thank you so much for being on the show! Find...
In today’s episode, we’re going to be talking about when it’s time to hire a coach. This can be a big question and a big decision you make in your business; knowing when it’s the right time to hire a coach so that you actually benefit from it. A coach is someone who is there to guide you and help you grow. Someone who can help develop your skills as a business owner in order to create a wildly successful business. If you’re ready to take the next step in your business, let’s chat! The doors to my Business Breakthrough Academy are officially open for enrollment and we start as a group in mid-May. If you resonated with the 5 signs that we talked about, the academy might just be the program you need to get your health coaching business off the ground and completely transform your life. For more information about the Business Breakthrough Academy, visit my website at livingwellwithnic.com or send me a message on Instagram!
Resources: melabraham.com Read: The Entrepreneur's Solution Mastermind: workhardplayhardpodcast.com/mastermind Connect with us on Instagram: @kimmurgatroyd | @robmurgatroyd Mel Abraham is the #1 bestselling author of the book The Entrepreneur's Solution and the founder of Thoughtpreneur Academy. We have a great conversation about providing value with your passion, putting life ahead of business, and spending your time wisely, and more. There are very strategic takeaways for you and great principles for you to live a better life. In This Conversation We Cover: [04:19] Where Mel's entrepreneurial spark came from early on [08:36] How to transition out of a career you don't love [18:28] Finding different verticals to make money in [22:11] Getting away from swapping hours for dollars [23:15] What the Business Breakthrough Academy is [33:46] When hitting your goal isn't what you thought it would be Follow me on social media @robmurgatroyd on Instagram and check out workhardplayhardpodcast.com. Work Hard Play Hard is a production of Crate Media
Resources: melabraham.com (https://melabraham.com/) Read: (https://www.amazon.com/Entrepreneurs-Solution-Modern-Millionaires-Freedom/dp/1630473308) Mastermind: workhardplayhardpodcast.com/mastermind (https://workhardplayhardpodcast.com/mastermind/) Connect with us on Instagram: @robmurgatroyd (https://www.instagram.com/robmurgatroyd/) Mel Abraham is the #1 bestselling author of the book Thoughtpreneur Academy (https://melabraham.mykajabi.com/store/5UvruSXA) . We have a great conversation about providing value with your passion, putting life ahead of business, and spending your time wisely, and more. There are very strategic takeaways for you and great principles for you to live a better life. In This Conversation We Cover: [04:19] Where Mel’s entrepreneurial spark came from early on [08:36] How to transition out of a career you don’t love [18:28] Finding different verticals to make money in [22:11] Getting away from swapping hours for dollars [23:15] What the Business Breakthrough Academy is [33:46] When hitting your goal isn’t what you thought it would be Follow me on social media workhardplayhardpodcast.com (https://www.instagram.com/robmurgatroyd/) . Work Hard Play Hard is a production of (http://crate.media)
It’s a very special “Best Of” edition of the podcast this week! Sara Anna’s re-sharing her very favorite episodes this holiday season, and her interview with Mel Abraham is at the top of the list! Mel Abraham is a recovering CPA, entrepreneur and the Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He’s also the founder of Thoughtpreneur Academy, Influencer’s Intensive and Business Breakthrough Academy. In this episode, Mel shares transparently about the big why behind his 7-figure business, the challenges he still has to overcome to make the impact he desires, and the necessity of creating powerful frameworks, messaging, positioning so you can stand out from the crowd. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. He’s a globally recognized thought leader, business advisor, CPA and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and Tony Robbins. Find Mel online at: www.melabraham.com Follow him on Instagram @melabraham9 Learn more about Mel Abraham’s Thoughtpreneur Academy at melabraham.com/anna PLUS! If you’re looking for more support, faith-centered strategy and high-touch accountability moving into 2020, Magnify Group Coaching may be your solution! Click here to book a call with Sara Anna’s team and find out if Magnify Group Coaching is right for you. For more information on how Magnify Group Coaching can get you results, as well as client case studies, click here. If you’ve enjoyed this podcast, please leave us a rating and review on Itunes. It’s how we get heard by new listeners and make a bigger impact in the world. Thank you and happy holidays!
Sara Anna is joined on this episode by Mel Abraham, a recovering CPA, entrepreneur and the Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. Mel is the founder of Thoughtpreneur Academy, Influencer’s Intensive and Business Breakthrough Academy. In this episode, Mel shares transparently about the big why behind his 7-figure business, the challenges he still has to overcome to make the impact he desires, and the necessity of creating powerful frameworks, messaging, positioning so you can stand out from the crowd. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. He’s a globally recognized thought leader, business advisor, CPA and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and Tony Robbins. Find Mel online at: www.melabraham.com Follow him on Instagram @melabraham9 Learn more about Mel Abraham’s Thoughtpreneur Academy at melabraham.com/anna If you’ve enjoyed this podcast, please leave us a rating and review on Itunes. It’s how we get heard by new listeners and make a bigger impact in the world. Also, check out Sara Anna’s FREE Stellar Sales Page Template right here: http://www.saraannapowers.com/stellarsalespage
Are you ready to become the go-to thought leader and influencer in your industry? Are you ready to live your legacy right now? If so, today’s episode will show you how! On this episode of the IHML Show, we’re speaking with Mel Abraham, entrepreneur, thought leader and author of the number one best seller, The Entrepreneur’s Solution. As the founder of Thoughtpreneur Academy, Influences Intensive and Business Breakthrough Academy, Mel uses his programs to share his expertise around business practices of impact, distinction and freedom. Although Mel has advised some of the top thought leaders of our time, his career actually began on a more traditional path. Mel Abraham started as a CPA for one of the largest consulting firms in the world. But when he realized he was living someone else’s life and not following his purpose, he quit his job. That was the moment when Mel began to make decisions based on his values, desires and passions. Although he had his fair share of ups and downs on his entrepreneurial journey, Mel learned from his failures and continued to make choices that were in alignment with his higher purpose. He is now a globally recognized thought leader, business advisor, CPA and financial expert, encouraging other entrepreneurs to live their legacy and serve their community now. After this episode, you’ll be ready to fail forward, take action with courage and become the influencer you were born to be. Mel is a recovering CPA, entrepreneur and the Author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. He is the founder of Thoughtpreneur Academy, Influencer's Intensive and Business Breakthrough Academy. Mel uses his various programs, blog and show to share his thought leadership around building practices of impact, distinction and freedom. He's been called the "thought leader to thought leaders" and advised some of the top thought leaders of our time in their content creation, positioning and building their market influence. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. He's a globally recognized thought leader, business advisor, CPA and financial expert sharing stages with a long list of Fortune 500 Companies as well as beacons in the personal development industry, from Arianna Huffington and Chalene Johnson to Brendon Burchard and Tony Robbins. Today, one of Mel's superpowers is the art of frameworks, and how you can become a thought leader even in the most saturated of marketplaces! Behavior change begins with thought change and influencers change people's thinking. When not speaking, training, mentoring or just being a little nutty you can find him working out or training in the martial arts. If not there he'll be creating experiences and memories with his beautiful wife, Stefanie by traveling to exotic places or hanging at the beach where they live. For Further Insight: Follow on Twitter - https://twitter.com/MelHAb Facebook - https://www.facebook.com/melhabraham LinkedIn - https://www.linkedin.com/in/melhabraham
There’s a lot of talk in the entrepreneurial world about maintaining a work-life balance, and today’s guest, Mel Abraham, talks about the defining moment that made him focus on what that term really meant. A CPA by education, he was pushed out of a firm partnership and did what anyone would do… He dug his heels in and worked countless hours to keep profits coming in so he could support him and his son. However, when his then 6-year-old, Jeremy, drew a picture of his dad surrounded by computers and phones while working, he knew something had to change. Today it’s no longer about the myth of work-life balance – it’s about finding work-life harmony so his entrepreneurial dream can coexist with the responsibility and gift of being a father. Mel has a way of breaking down and simplifying this complicated topic so we feel connected to those we care about and our businesses at the same time. He also drops some serious, game-changing knowledge on marketing and intellectual property that you don’t want to miss. -- Question Highlights: What’s one of your superpowers? What is one regret you have? Who is someone who has changed your life? What is something generous you’ve done lately? After you realized your son only thought of you working, what did you do next? Why do people tend to abandon their why or their above the line stuff? What’s the common thread between you and your friends that makes you such success stories? What role has generosity played in your success? Why do you think some people have a hard time asking for help? What’s the most common cause of people getting stuck? What do you teach at your academy that’s so unique? How did you view money growing up? In This Episode We Talk about: The moment that caused Mel to improve his work-life balance Time-blocking to do more reflecting, connecting and rejuvenating Connecting with people on a level where they feel they’re cared about Why it’s so important to protect your intellectual property Why Mel thinks indecision is dangerous Why there is no competition to your unique view (just competitors) Recognizing that everything we create has value The significance of the photo Mel included in his book And so much more… Mel’s Thoughts… “If my greatest success was raising my son as a single, full-time dad, then I did OK when I was here.” “Work-life balance is a myth. It’s about getting work-life harmony.” “My son didn’t need the profits, he needed the presence.” “The more we can make people feel more connected, the more people feel cared about, the more we all grow and get better from it.” “Give because it’s the right thing to do.” “If you have the ability, you have the responsibility.” “There’s an audience for every perspective.” “Marketing doesn’t matter if your positioning is correct.” “It wasn’t about the wealth, it was about the richness and peace of mind I could get.” “I want to create experiences for the people I serve at the level I want.” -- MEL ABRAHAM is the author of The Entrepreneur’s Solution: Getting the Mind - Set & Mechanics of a Millionaire and Founder of Business Breakthrough Academy where he works with entrepreneurs and business owners to create, grow and optimize their businesses so that they can create a life of impact, meaning and financial freedom. Mel is a CPA by education but an entrepreneur by exhilaration. This unique combination of advisor and entrepreneur has allowed Mel to build numerous successful businesses for himself as well his clients. As the CEO of a strategic consulting services firm, Mel has helped entrepreneurs; businesses and management teams across the country create meaningful, mission - driven careers/ventures. As an inspiring leader and in - demand international speaker, trainer and mentor, Mel has trained thousands of people to change the way they think about, business, money and wealth. His goal is to assist them combine the practical elements of business tactics and strategies with the psychological essentials of the entrepreneurial mind to more effectively execute their vision and establish a meaningful legacy. -- Resources: The Entrepreneur’s Solution by Mel H. Abraham http://www.MelAbraham.com http://www.Thoughtpreneur.com IG: @melabraham9 FB Group: facebook.com/groups/influencersdojo/ -- For more stories and tips on becoming unapologetically wealthy, follow me @Chriswharder on Instagram and check out fortheloveofmoney.com.
Have you ever wondered what it would be like have a breakthrough as a business owner and thoughtpreneur? Mel Abraham, best-selling author of The Entrepreneur’s Solution and creator of Business Breakthrough Academy and Thoughtpreneur Academy, has sat down with us to talk about his expertise in business growth, as well as his experience going from a CPA, to a full-time single dad with no cash-flow, to becoming the successful entrepreneur, teacher and leader that he is today. Mel and I discuss how to LIVE a legacy, not leave a legacy, by: Busting the myth of work-life balance (yes, myth!) Using his “frameworks” theory and practice to get the results you want. Understanding the 4 types of communicators And telling us how he has created and implemented successful growth strategies for businesses. Visit the links below to connect with Mel, and happy listening! Connect with Mel: Facebook Twitter YouTube Programs Connect with Shannon: Facebook | Instagram | Epic Success Website Join the Epic Tribe to get all of Dr. Shannon’s exclusive content she reserves only for her tribe! Subscribe to the Epic Success Podcast today!! SUBSCRIBE ON ITUNES SUBSCRIBE ON STITCHER SUBSCRIBE ON GOOGLE PLAY SUBSCRIBE ON ANDROID
Happy 4th of July! We're revisiting one of our most popular non-racing episodes with Entrepreneurship Expert Mel Abraham. While we cruise through the 2017 season, take a moment to take stock in your business mindset. (FIRST AIRED: 1/24/17) So you're a racing entrepreneur. Are you crazy or just a typical business owner? What does it take to win as a business owner? How do you create sustainable long-term value instead of short-term profits? On this episode of The Inside Racing Podcast, we chat with entrepreneurship expert Mel Abraham. Mel dives into the passion required and approach you'll need to have success. Business expert and motorsports professional John Robbins works with Mel to uncover the in's and out's of business ownership. What are the myths and misconceptions, what are the risks and what are the common mistakes other business owners have made. Mel shows us there's a way to think about owning your business that will help you sustain the good times much longer. Most importantly, he provides us with the most important question you can ask yourself as an entrepreneur and the future of entrepreneurship. (Hint: It has a lot to do with a recurring theme we've been discussing on the podcast.) Whether you are just getting started or you've been promoting racing for decades, there's something here for you. Want more episodes like this? Visit www.NSTAracing.com/archive for past episodes. Become a VIP Listener and get access to exclusive listener bonuses. Join the conversation on Twitter (@NSTA_Racing), Facebook (@NSTAracing) or email podcast@NSTAracing.com. Do you want to learn more about Entrepreneurial Thinking? Check out www.melabraham.com. For a deep dive into how to build a business model, you'll love Business Breakthrough Academy (http://www.businessbreakthroughacademy.com/) or for some great online training related to Mel's Book The Entrepreneur's Solution visit: http://www.theentrepreneurssolution.com Mel also recommended some great books: Start with Why by Simon Sinek and Blue Ocean Strategy by Mauborgne and Kim.
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about how to take your concepts and communicate them in a way that gets action as well as results from the people that you are serving. As visual learners, we learn with pictures and frameworks. They are the key to inspire understanding and results. If we don't get it right, your marketplace will be lost in complexity and confusion, there's no understanding and what really happens is that there is no progress. When we get it right, the mess becomes simple, your audience sees themselves in there and it gives them path to results. It's how they take their first step. The 3 things that you need to know: Geometry is real. There's basically squares, circles and triangles. Emotions are imbedded. Your audience identifies with the fears, frustrations, aspirations, and dreams. Choreography gives it life. The syntax and process to unpack it will move them. The Framework Formula Here are the 4 common elements that all frameworks will have: Geometry: Squares, circles and triangles are pushed together. The shapes have different meanings attached but we must realize that every framework has geometry and it needs to be really thought out. Content: Content needs to be meaningful. They are the points that start to bring things home and allow for that movement. Emotion: Think about what emotions you are trying to bring out. Think about their fears, frustrations, aspirations, dreams and how you will instill certainty in them. Choreography: It's about the steps that you are going to use to reveal the whole thing. An emotional dance of understanding to bring simplicity to complexity. There are 6 types of frameworks: Value framework: Present levels of value so that your market can identify where they are, the challenges that exists and where they want to go. It gets them to have that desire or emotion. What framework: It's about teaching someone a set of principles. Most of the times they are in the form of matrices. Process framework: With process frameworks, you are sharing the steps and what needs to be done. If framework: It's evolutionary. It talks about “If we do these things, we will evolve to this level”. Urgency framework: It's a model that creates a need to do something now. It's to move them by giving them the consideration of inaction. Genius framework: You combine several frameworks into one. It includes a multitude of things that grasps everything. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, answers a question about whether it is time to quit your job and go from job to entrepreneur. As risk mitigators, entrepreneurs must weigh the risks before moving forward. If you do not get it right, you are living a dual life, there is no joy in earning, and you find yourself in no or low cash flow. If you get it right, you feel like you are in flow, you are monetizing your passion, and you find freedom and cash flow. The 3 key principles you should understand: Committed vs reckless. There's a difference between being committed and being reckless. Plan and test. Put strategies in place and get feedback. Set your scale threshold. Not everyone has the same transition point. The Entrepreneur Transition Formula Preparation: It is about your thinking. Clarify what you are passionate about but passion itself isn't enough. You must create value in other people's lives with your passion. Also, interview the people you want to serve and know about the things that they are looking for. Evaluation: It is about analyzing. Plan your idea and how the journey looks like. Do micro-launches, test, get feedback and tweak it as needed. Finally, assess everything so you can move forward. Execution: It is about doing. Look at the financial viability and see whether it's a viable commercial option. Understand who do you need to make it happen and form a team over time. Decide on your scale threshold. It's the tipping point where you believe that you can make money at it, scale it if you dedicate more time on it, and it will allow you to fulfill your dreams and live your aspirations. Get preparation and evaluation correct and you will find some comfort in the process. When you get evaluation and execution correct, you get clarity. Through evaluation and execution, we are living our calling. Transition is built on all of this. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, teaches you how you can get your market to message right by building a bridge between the two. If you want to build an audience or a following, you need to be able to spread the right message to the right ears at the right time in the right way. This episode will teach you how you can get your market to message right by building a bridge between the two. If you do not get it right, your message gets lost and no one sees it. Nobody is there for your content and you end up with no sales. But if you get the market and the message right, there is clarity. Once they have it, your message becomes music to their ears and deals end up getting done. The 3 principles that you need to know: They need to feel understood. You have walked in their shoes or understand what it's like. They need to see a path. That you can take them from point A to point B. Transformation drives value. Articulate the transformation that they get. The Market/Message Bridge This framework allows you to articulate the value, transformation, messaging, and empathy. It's about (1) being able to articulate the frustration, (2) giving them hope and (3) speak to their aspirations. There are 6 levels or hot buttons to this process: Emotion: What are they feeling? Articulate their frustrations, fears, anger, angst, and anxiety at the base level. Existence: It's their current reality. What is really going on? Appeal to their struggles. Empathy: Understanding them from their position. What did you do when you were in their place? Evidence: They need to see the solution in you. Move them from frustration to hope. Envision: It's about giving them a foretelling of the future. Say how you figured it out. Evolution: Attach to the desires. What are they feeling now and what new feelings come to light? __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, discusses about how you can create a training that builds in transformational results for the people that buy, use, attend and learn from you. We need a killer program for it because if we do not do it right, there is no one that has attention on us, there is no demand and it results in the fact that we can't improve other people's lives. When we get it right, there is an intense focus on us, we are in demand and the users get the results in the process. The 3 principles that you should know: Insights drive transformation Feelings deepen retention Action steps will lead to results The Killer Program Paradigm This framework will allow you to make an experience and build the feelings necessary to give your audience the action steps which in turn gives them the results in the process. Education: They come to us for training and so we educate them. We give them the insights which are not just the data but the interpretation and application of it. Experience: It shouldn't flow in just one direction. People want to experience it and you have to make sure that they immerse in it so that it creates feelings inside of them. This is how you retain them. Execution: It should be executable. They should be able to apply it. Give them a step-by-step action plan. If we build their feelings and give them the insights, they assimilate and identify with it. When you educate them, and give them the execution plan, you're giving them the clarity. Finally, when we create the experience and education, passion sparks inside of them. Ultimately, when you get everything right, you end up with creating Transformation. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, shares with us the framework and the tools so that you can build a lead magnet that converts. If you do not get it right, we're going to end up with a bunch of lookie-loos, we are in a situation where there's literally no traffic and we don't even get that first date with our audience. But if we get it right, qualified people will be attracted to our content, they even share it and you end up with courtship which is a trusting and loyal relationship. The 3 key principles that you need to know: They are looking for something It solves a specific problem It highlights a bigger solution The Lead Magnet Pillars The objective here is to get something that actually attracts and converts. There are 3 keys to it: Educate: They got to feel that it's going to educate them. There should be information that is useful. The easily digestible content that you provide should empower them. Engage: It should not be a data dump but something that can engage them. Ultimately, what we're looking for is eyeballs. You want them to be attracted to it so you can convert. Inspire: It should inspire them to (1) take action and (2) take them to a higher aspiration. It should build excitement of what is possible in the sense of growth, ease, and certainty. When we create a lead magnet that engages and inspires them, we are able to create loyalty. Trust is gained when we inspire and educate them correctly. Lastly, if we get the engagement and education in place, we are going to build authority. All of this is going to attract and convert. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
So you're a racing entrepreneur. Are you crazy or just a typical business owner? What does it take to win as a business owner? How do you create sustainable long-term value instead of short-term profits? On this episode of The Inside Racing Podcast, we chat with entrepreneurship expert Mel Abraham. Mel dives into the passion required and approach you'll need to have success. Business expert and motorsports professional John Robbins works with Mel to uncover the in's and out's of business ownership. What are the myths and misconceptions, what are the risks and what are the common mistakes other business owners have made. Mel shows us there's a way to think about owning your business that will help you sustain the good times much longer. Most importantly, he provides us with the most important question you can ask yourself as an entrepreneur and the future of entrepreneurship. (Hint: It has a lot to do with a recurring theme we've been discussing on the podcast.) Whether you are just getting started or you've been promoting racing for decades, there's something here for you. Want more episodes like this? Visit www.NSTAracing.com/archive for past episodes. Become a VIP Listener and get access to exclusive listener bonuses. Join the conversation on Twitter (@NSTA_Racing), Facebook (@NSTAracing) or email podcast@NSTAracing.com. Do you want to learn more about Entrepreneurial Thinking? Check out www.melabraham.com. For a deep dive into how to build a business model, you'll love Business Breakthrough Academy (http://www.businessbreakthroughacademy.com/) or for some great online training related to Mel's Book The Entrepreneur's Solution visit: http://www.theentrepreneurssolution.com Mel also recommended some great books: Start with Why by Simon Sinek and Blue Ocean Strategy by Mauborgne and Kim.
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks with Anthony Trucks. Anthony shares his incredible journey about how he rose from adversity by trusting his hustle so that he could become what he is today. He makes us realize about how adversity is just a circumstance and how you can rise above it. About Anthony Trucks Anthony Trucks went from a foster care to the NFL to becoming an entrepreneur, coach, international speaker, author and consultant with numerous successful businesses. He teaches entrepreneurs what it means to trust your hustle and to get out of your own way to attain success in your business and your life and no one in the world does it quite like him. An incredible father of three children, he travels around the world to literally use football or use entrepreneurship and his story to help youth see possibility and a different way of living life. He gets it that all of this isn't just about acquiring, accomplishing and achieving but it's also about giving back. What Anthony Stands For Anthony believes in doing things for somebody else. Others don't have to give you the permission to do it. He says that, “If it is not you, who? If not now, when?” So, he takes the message that was given to him and pushes it out into the world in a space where there are others who need it. Key Takeaways Trust your hustle. Don't make mediocrity your goal. Statistics don't matter. So, go after it even though your chances are low in percentage points. Do not look so much into your negatives or focus just on the bad things. Emotions are driven from actions whether they're good or bad. Perspective precedes enlightenment. Looking into the Future Virtual reality and 360 cameras will change the entire world. The Nightmare Gift Anthony talks about how he once ended up in a dark place in his life after dealing with unpleasant circumstances and how it forced him to start thinking about who he was, what his role was and how he shifted his mindset. Resources Write everything down in spreadsheets. Streamline the content and use technology to do multiple things at once. Your cellphone and apps in it are your biggest tools. The Book: 7 Habits of Highly Effective People Interview Links AnthonyTrucks.om RenewUniversity.com The Doozy Trust your hustle, pay attention and learn the lessons along the route. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about how you can create unity as you bring people together in a situation. In whatever you do, chaos is always around the corner and to deal with that we should create a unified front or a unified body while moving forward. If you don't get it right, you will have lone wolves and they don't go in the same direction. So, the entire focus is directionless and ultimately you end up with dysfunction. If we get it right, you will feel supported in the journey, you will have a group of people with targeted focus and ultimately you end up with a team that is committed to fight side by side for the commonality of the goal. Hence, what you need to know is acceptance is the baseline, it is also important to create alignment in values & intent and finally, there is agreement on the opinion and steps. The Unity Formula Acceptance: At the base level, we need to build acceptance. The team needs to accept the vision, direction, decision and process. Alignment: Create alignment to take your team to a place where they trust you. There needs to be an atmosphere of articulation where they have the ability to communicate as you provide them with access and openness. Agreement: When the trust level is high, what ends up happening is that there will be agreement in opinions, strategies and tactics. These are the steps to move from acceptance to agreement: Understand and acknowledge the awareness of the levels of acceptance. Come together and articulate the values, vision, strategy and process. Allow a safe place for dissent where people can have a conversation that is meaningful and it gives them the ability to co-create. Listen, reflect and consider everyone in the process. In the end, we make a decision and ask everyone for agreement. After you follow these steps, you have created unity where everyone agrees because they had a voice and were a part of the co-creation. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about building alignment with our team, in our relationships and everything else so that we move in the right direction toward better results. If we are not aligned, people will have no direction and will get lost in the way. When you try to move forward, it results in little progress and there will be constant resistance in every step of the way. But if we are able to build alignment with our people and teams, there will be a clarity of direction and everyone will move in a united sequence. You will actually be able to make great leaps forward and you end up with results that flow. To put this together, access is required for people with whom you want to be in alignment with. There should also be an atmosphere of articulation that allows them to communicate openly. Finally, you should also create an ally relationship where there is trust between you and your parties. To tie up the 3 principles of access, articulation and allies together, the following comes into play: The Alignment Navigator The 3 keys to get alignment and better results: Access: The ability to walk in and have a dialogue. Articulate: To have an atmosphere of open communication. Ally: To create a connected feeling with the people that you communicate with. Rhythm: You need to create an environment that is based on rhythm. It means that when someone knocks on your door, they are not there because there's a problem but they are there because they have that access and the ability to articulate. Trust: We need to build trust which comes from the rhythm that we create by allowing a good flow of communication. Trust is gained when people are not ridiculed, ostracized or criticized. We achieve it by being open, honest and tolerant. Supported: Ultimately, you have a group of people that feel supported. It doesn't mean that everyone is in unanimous agreement but they feel heard and supported. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks with Justin Herald about his perspectives on business and life, how he started and the valuable lessons he learned along the way. About Justin Herald Justin herald is an author, entrepreneur and motivational speaker. At the age of 25, he started his T-shirt business with only 50 dollars and his business transcended into the company Attitude Inc. His clothing brand took off with international licensing success with revenues over 20 million dollars a year. Justin is the author of eight international bestselling books and he mentors over a hundred business owners each year. As a motivational speaker, he speaks all over the country and internationally in front of 150K people a year. He is one of the most sought after speakers from Australia. In 2005, Justin was named The International Entrepreneur of the Year and recently, he was awarded the Future Leaders Award which recognizes him as one of the 50 most influential leaders of the next generation in Australia. He recently launched a brand called ReferUs which helps businesses to magnify their sales with the help of word of mouth referrals. What Justin Stands For Justin likes to keep it real. He thinks that money doesn't make you a success but it is a by-product of doing it all. When it comes to character traits: (1) Integrity and (2) Ethics are high on the list for him. Key Takeaways NEXT: Walk away from things quicker. To grow, you will have to get out of your comfort zone. Business does not have to be difficult or complicated. Things and mindset change so give it another try. Don't do it because it's always been done that way. Looking into the future People spend too much time looking into the future. 5 year, 10 year plans sound great but we should rather look at what we are doing now. Don't let time master you and grab the opportunities that are here today. The Nightmare Gift The breakup of his marriage. It led to a new, better spark. Interview Links JustinHerald.com ReferUs.com The Doozy Don't change a thing __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about the 4 stages of leadership progression and what it takes to shift and create movements while leading from behind as a thought leader. Without elevating yourself to the highest level of leadership, things get messy and don't turn out the way you want them to. If you are not good at leadership, you will find yourself in a solitary pursuit and your pace of movement will not be inertia-full. However, when you understand the key principles of leadership, you are going to build momentum in which things move at an accelerating pace. You also end up with a bigger vision to look at things differently and people will march with you as champions and cheerleaders. So, what you need to know about it is that good leadership is empathy based, you come at it from a communication perspective and service is the fuel as it comes from a place of serving. The Leadership Progression Model There are 4 levels of leadership that create influence and change in people. All of them are phenomenal and as you move up this model, the level of influence increases. Tasker: They are the doers who do the heavy lifting part. They operate from to do lists and check off the tasks from it. Taskers are focused on completion of tasks. Manager: They focus on delegating the duty to the taskers and they are in fact driven by processes and systems. They manage those to get an outcome. The result that they look for is consistency. Leader: They are there to create a bigger vision for people to see and get behind as they are the role models. They focus on evolutionary change which allows things to move positively and grow. Thought Leader: They have elements of all the other levels of leadership and they focus on thinking. They are the thinkers who want to create a movement and people will rally for it. A thought leader creates revolutionary change by shifting the thought process and behavior. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, answers a question by Laurence Marie David. The question is about why people unconsciously sabotage themselves and how it can be transformed. If we don't conquer this thing called self-sabotage, we find ourselves in a situation where we create strategies that break down, we relive the experience over and over again, and we also feel helpless. But if we are able to conquer it, our confidence builds, we have micro successes that needs to be celebrated and we get a bigger vision. In order to defeat self-sabotage, we need to: Have Behavior Baselines: Recognize those behaviors that contribute to self-sabotage. Get to Higher Ground: Move upstream to identify the trigger. Keep Your Eye on the Prize: Understand why we are in the game. The Sabotage Eliminator There are 4 stages involved in removing self-sabotage from your life: Observe Behavior: Revisit and reflect those times when you felt self-sabotage and discern those behaviors. You need to become aware of it and recognize what it is. Find the pattern of such behavior and then list them out. It could be any habits or patterns that distract you—things like internet, food and drinks. Define Trigger: Find that moment in time that triggers the behavior or thought which redirects you from success to unproductivity. Identify the thought process or mindset and do it specifically so that you get an understanding of what is going on. Replace Behavior: Now, it is time to replace the behavior with something that is more appropriate, positive and productive. Do this by connecting the old triggers with a positive behavior. Journaling or writing down the commitment statements definitely help you stick to it. Get Champions: Find mentors, accountability partners and a community who are willing to help and support you. Give them your triggers, old and new behaviors that they can identify. Also, give them the permission to hold you accountable for your actions. Finally, tie the outcomes to a consequence or reward and you are on your way to eliminate self-sabotage. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks with Jeff Moore on a number of topics related to entrepreneurship and business. About Jeff Moore Jeff Moore is President of International Pacific Seafoods, a seafood importer, processor and global seafood sourcing specialist. For over 20 years, Jeff has established himself as a Trusted Advisor to Foodservice Distributors, Chain Restaurant Operators as well as various entrepreneurs and industry professionals from established enterprises in and outside the food industry. Jeff is also the Founder of an Entrepreneurial and Marketing Mastermind Group called Thursday Night Boardroom, with over 500 members in 24 countries around the globe and chapters popping up across the country. Jeff is a business optimization expert and has worked with scores of businesses in dozens of different industries helping them discover Hidden Pockets of Profit throughout their offering, marketing copy, customer relationships and supply chain joint ventures. Jeff has discovered, refined and evangelizes a system called ValYOU which has been successfully applied by some of the most successful brands and business leaders. Jeff is a proud husband and father of 4 children and resides in sunny Southern California. What Jeff Stands For In the eyes of close friends and customers, Jeff sees a person better than they are and he is the biggest cheerleader of his friends, family, customers and peers. He stands for: A better way, A better life, and A better explanation of where his friends are today. Key Takeaways The 3 habits that contributed to most of Jeff's success: Intense Curiosity, Explaining via Parable, and Work Ethic. Biggest Hurdles Believing in oneself Conscious eating Looking Into the Future To have the greatest impact, we need to teach our youth the importance of personal engagement, competition, collaboration and hard work. The Nightmare Gift The acquisition of Jeff's company recently. Interview Links Asana Evernote FollowUp.cc Yet Another Mail Merge The Resource The Power of Habit, Charles Duhigg The Doozy Set your Vision, goals, strategy, plans and tactics and then put them all away except the next step. The only step that matters is the next one. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about how you can build a great reputation. It is something that takes years to build and moments to destroy. Your reputation is envisioned from the outside in and developed from the inside out. Without a good reputation, people won't buy from us, they won't trust us and will definitely break up with us in terms of business and financial transactions. But if you get it right, you get tons of return customers who tend to buy more. You also build goodwill that are the intangible values for any business. It also creates loyalty for a premium and the entire community will be willing to pay more to get a chance to work with you. So, when it comes to reputation building, what you need to know is: Perception is reality: Instead of what you think, it matters what those around you think. So, we need to manage their perception and then manage their reality. Shrink the gaps: The wider the gap between perception and reality, the bigger the problems you have. We want to shrink that gap. Control active voice: Control the conversations that happen around your business. Get ahead and make sure that you have twice as many positive messages in the marketplace than negative. Reputation Navigator Your reputation is huge and it depends on three things: The things that you say, The things that you do, and The things that are seen. There's more: Trust is the result of doing what you say and saying what you do. Role model is the intersection between what you do and what is seen. Notoriety comes from the combination of what you say and what is seen. Also focus on “Who” we are building the reputation with. These are the stakeholders of your reputation: Community Suppliers Owners/Investors Customers Team We also need to see “What” our reputation is built on. There are five broad categories for it: Financial Relations Quality Governance Social Manage your reputation on all these levels and you will be on the right path to build it in a great way. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
What do you do when a situation comes up? Do you react or respond to your employees, teams and customers? There is a huge difference between reacting and responding, and it will determine the outcome in the end. Key Problems: If you get it wrong by reacting instead of responding, you are going to be in a volatile stage, you become a slave to others and the problem is actually escalated. Key Promises: If you get it right, you will find yourself living in a much calmer state, you will have created methodical solutions and the outcomes will definitely be better. To embrace it, you will need to follow these Key Principles: Stress Inoculation: It is about putting your body emotionally, spiritually and physically into a situation to see your response and process it so you are able to manage it better. Power of Anticipation: If you anticipate potential pitfalls and challenges, you can figure out ways to navigate through those and become better prepared. Establish Options Early: Develop multiple plans and options early on so that you have your alternatives in your arsenal when the real deal comes up. The Reaction Response Paradigm This paradigm helps us to understand and compare the different outcomes that reacting vs responding modes produce. If you just react: Your goals will be short-sighted There will be passive aggressive behavior Responses will be emotional There will be no or very poor communication There will be overreaction A lot of assumptions will be there and people will directly jump into conclusions On the other hand, if you respond: Goals will be visionary Values will drive the situation The responses will come from a place of knowledge Communication will be highly connected Instead of overreacting, you will focus on facts Your anticipation will help the response to be pre-thought out So, if you don't get it right and just react, it will lead to more issues. But if you do get it right by responding, it will lead to solutions. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham answers a common question that comes up when transitioning from employee to entrepreneur and that is when to quit your job. There isn't a single answer that works for all as it is different for each and every person. First, you have to understand that if you don't get it right, you face key problems that are: You are living a dual life, You have no joy in earning, and There is no or low cash flow. When you get it right, these key promises are fulfilled: You feel the flow, Your passion is monetized, and Ultimately you have freedom and cash flow. So, for the transition we have to work from the principles of: Being committed vs reckless, Planning and testing, and Set your scale threshold. Now, we can move forward and understand how you can affect the transition from job to entrepreneur using the framework: The Entrepreneur Transition Formula Preparation Passion: Find what you enjoy doing. It should be something that you would do even if you didn't get paid—something that you just love to lose your time in. Value: Figure out how you can provide value doing what you are passionate about so that you can gain in the value exchange economy that is out there. Interview: Go out and survey or ask your potential customers, clients and markets whether what you create is what they will buy Evaluation Plan: It is about planning your business. Plan the how, when, where, when and what about your products, market, costs and revenue. Micro launch: To reduce the risks, do a test launch on a small audience and see how your product or service performs. Assess: Get the information from the micro launch and evaluate it so that you can make adjustments before taking it to the market. Execution Financial viability: It needs to make financial sense so work out the costs, investments and revenues. Team: Take careful steps to decide on the critical people that you need on your side. Scale threshold: This is the point where you can quit your job. The threshold is different for everyone, so factor in your current income, cost, lifestyle, family and other people that depend on you. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about the concept of leveraging and scaling a Thoughtpreneur business which is about sharing knowledge and ideas in the marketplace to have an impact and make money while doing it. The Practice Spectrum It determines the level of involvement/process and access to intellectual property that you have. Your expert business might fall in one or more of these categories: 1 to 1: You share your packaged thoughts on a singular basis as a coach or a trainer. 1 to Many: You have a bit more process when you deliver 1 to many in the form of live events or webinars. 1 to Few: You deliver in small groups and they have more access to the knowledge. Many to Many: Train people to do what you do; certify and license them to deliver your expertise. Scaling & Leveraging a Practice Models Time: A traditional model where we sell our limited hours for financial returns. Product: To get over time limitations, you take what you know and create a product out of it to package and sell. Hybrid: When you give a bit of your time as well as products, the model becomes hybrid. License: After systematizing your knowledge, teach it to someone and give them the license to use the package. Scale Scaling grows your revenue but it also increases the expenses. Here are the things that you can scale: Marketing: Putting in automated funnels of connection with the market will allow you to scale your marketing process. System: You can create a systematized framework which someone else can use and they can do the work that you are doing. Duplication: Create guides and online programs that duplicates the experience without the need to deliver them repeatedly. Licensing: Create a certification so that you can license your intellectual. Leverage Leveraging will help you to deliver better, faster and in more ways. The things that you can leverage are: Time: Instead of doing 1 on 1 switch to 1 to few or many. Products: Create jump start products that gets people in the process. Groups: This is when you deliver in groups that can be of different sizes. Licensing: After having a well-developed portfolio of intellectual property, license it. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about how the wealthy think. To be successful, you not only look at what the wealthy do but also how they think. Then you can bring it to your life and create richness for yourself. So, the first thing that you have to do is define what wealth means to you and understand what the destination or success looks like for you. After you are clear on it, follow: The Prosperity Paradigm Profile This framework is for grasping what manifests in the thoughts of the wealthy. Internal Creator: They all believe that they are the creator of their life, success and the meaning of it. They trust that they themselves are the creator of their wealth. Committed: Another thing is that the wealthy are committed to building a life filled with richness—something that is more than money. Big Thinking: Successful people think big. They don't shrink down because of what society has led them to believe. They have the capability to think of the impossible as possible. Activity Play to Win: There's a difference between playing not to lose and playing to win. The latter is the way to emerge in the game of wealth. Self-promotion: When the wealthy search and find opportunities, they are not shy to go out and promote themselves. They step ahead to show the gifts that they have. Successful Circles: They hang out in successful circles of friends, acquaintances and colleagues. Their inner circle is filled with people that are at their level or above; so they can learn and elevate with the help of those people. Focus Net worth Focus: Simply put, net worth is what you own minus what you owe. They focus their thinking on their net-worth and have a maintained liquidity. Value vs Price: In this value exchange economy, instead of getting caught up on price, it is beneficial if you understand that transactions happen because people believe that they get more value in return for the payments. So, focus on creating value. Manage Self First: It is easy to become wealthy if you are disciplined. So, live at a level where you are not only creating today's joy but also allowing for tomorrow to grow. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham summarizes the elements of habits and then shares the top 10 habits of successful entrepreneurs with the help of what is known as The Entrepreneurial Ten. Here are the top 10 habits of very successful entrepreneurs: Service: The ultra-successful entrepreneurs come from a place of service, and what they are trying to do is make an impact on the lives of people. So, you should schedule your activities not just for financial reasons but in order to have a positive effect on the society and the people around you. State: Along with the state of their mindset, they have their health, vibrancy and energetic state in the highest levels. So, it gives them the energy and resilience to manage and deal with high-stress obstacles in their journey. Self-aware: As they dedicate time to evaluate themselves, they are aware of their strengths and weaknesses. If there are gaps, they invest their time in self-development for a continuous personal growth. Strive: They are goal-oriented, and very clear on what they want, what success is for them and their process to get to where they want to be. Standards: Successful entrepreneurs have a set of standards and after they put it in place, they don't compromise it. They follow it and raise the bar to a very high level. Strategic: Making flippant choices or having their decisions squandered is not something that the uber-successful entrepreneurs do. Their decisions and actions are strategic and it aims to push their mission and vision in the right path. Search: They constantly search for opportunities to grow and their desire to be better is continuous. You will find them looking for new and better ways to serve. Survey: They survey internally and externally to get feedback. So, they look at their business and customer continuously. The information helps them move up. Support: The most successful entrepreneurs always have mentors who help them avoid pitfalls with the help of real and related experiences of their own. Schedule: They schedule everything—from achievements to success—so that it is all in place and has been calendared. Everything is planned and assigned a date. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about goal setting and achievement. When it comes to goals, we set them easily but to make them actionable and achievable, you need to have a process in place that makes them come to life. Your goals have to be ASMART: Aligned with your vision/mission, Specific, Measurable, Actionable or Achievable, Results driven and Time bound. The Ladder of Achievement If we don't create a process to accomplish goals, then there is a gap that keeps you away from success. This action plan is meant to get rid of that gap. Personal Growth The desire to grow is the natural state of humanity and without it we start to question our worth. We need to dream big with great aspirations that keep us from being mediocre. You should be committed to specific growth elements like building relationships and skills in your life. Perseverance It's the stick-to-it-ness factor, so that even though things don't go according to plan, you still persevere and are ready to move through obstacles and challenges. Purpose: Only reaching financial outcomes should not be your purpose; have something that is meaningful and fulfilling. Passion: To keep your life in balance and have a holistic success, have that emotionally compelling "Why" to drive you towards your passion. Patience: You can't control everything, so you need the patience to move through the process and be flexible in the journey. Practice It's about your discipline in taking actions. There are three elements under it: Plan: Everything changes, so our plans need to be broken down into bite-sized chunks so that the long term vision can be reached. People: Success and achievement are not solitary pursuits. You need people, the driving force to take steps in the right direction. Positivity: Approach everything with a positive expectancy. If you develop the ladder of achievement, then positivity becomes easy as you know how to navigate past the obstacles. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham deals with the business and relationship lessons learned after visiting a football locker room and by observing a sign there. The sign said, “Plan to win — Georgia Southern" and underneath it are 5 other little signs that said: Take Care of the FootballWin the Turnover and Takeaway Margin. Control the Running GameControl the Clock. Control the Game. Great Special ForcesWin the Kicking Game. The Eagles Don't Beat the EaglesEliminate Pre-snap and Post-play Penalties. FinishWin the 4th Quarter. There are a lot of lessons we can learn from sports, and relate it to business and relationships. Plan to Win—Business Take Care (Customer & Team): What do you do in business to make your customers and team feel cared about because they want to feel appreciated? Design a process to make them feel your gratitude Experiences (Customer & Team): Instead of just having a transactional relationship, make an experience to elevate your perceived value and create loyalty. Distinction (Be Unique): Find your strength and create your distinction so that it separates you from the mass and elevates your brand in the marketplace. Delivery (Superiority & Excellence): Deliver your unique experiences with superiority and excellence, and have a feedback process that allows you to change and shift as you need. Extra Mile (Customer, Team & Brand): To make customers and your team think that you went beyond the expected to serve them in a superior way. Plan to Win—Relationship Take Care (Family First): Make your family the priority and make them feel cared about like they are number one. Experiences (Create & Cultivate): Create life experiences that you share with your family and friends so that in your later years when you look back it is enriching. Identity (Be yourself): All of us are unique and we need to allow that distinctness to come out in a positive way for our loved ones instead of comparing them to a social paradigm. Presence (Best & Good Intentions): Have the right intentions without desiring to hurt others that would affect your relationship negatively. Dependable (Your Word is Gold): The people in your lives should be able to look at you and believe that you are dependable, and you will go the extra mile to make things come to life. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about productivity and how you can maximize it. To drive up your effectiveness, you will have to follow certain rituals that maps out your day. One way to do it is with the help of a tool called The Productivity Ritualizer and it has 10 time zone rituals for your day. 10 Time Zone Ritual With 5 times zones in the morning and 5 in the evening that can be a maximum of 90 minutes, it is framework for you to effectively invest your time. Morning Creative Time: This is the time for you to do your creative work. Now, your creativity can peak at different times—in the morning, or later on in the day. Spend the time creating, building and inventing. Exercise Time: Spend a little time for your exercise and it will help you to energize and bring vibrancy back in your body to wake it up. Make sure you are always doing it, even when you are traveling. Team Time: Now it's the time to look at your team and provide them everything they need from your end so that they can carry on with their work even when you are not around. Strategy Time: Revisit where you are heading towards. Take your 90 day plans, have strategies in place and make sure that they are working. MIF Time: Most Important First is when you do the tasks of the day by the order of their importance. It's not placing the difficult ones in front; it's doing something that ranks high in your priorities. Evening Review Time: This is when you check off your to-do lists, and review anything that comes from your team, clients or customers. Wins Time: No matter how small they are, acknowledge the things that have happened throughout the day and document the wins. Gratitude Time: Try to make gratitude your daily act and reflect on who or what you are grateful for. Acknowledge your team members and it can turn around their day. Plan Time: Plan for the next day with three W's: (1) What are the 3 things that you need to get done, (2) What's for the next day and (3) Who are the people you need to connect with. Unplug Time: Completely unplug from all the agendas, and have the time for you to just disconnect. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham continues the journey about success. This episode is about revealing some of the concepts of success using The Success Maximizer framework. The Success Maximizer Reflect: Look at what has happened in the last 12 months—the good and the bad—and go back to relive it. Identify your wins and of those around you, and create a habit in your life to celebrate them as they take you to bigger victories down the road. Journal them down in ink and paper. Lessons: Understand the top 10 lessons that came out of the year, and make sure to take a holistic approach to success by looking into your health, business, relationships, work and wealth. Journal these down as well so you can recap the lessons anytime. Attitude: It is about the attitude you approach your year, day and moment with. Look at it and say how it was—optimistic, pessimistic, persistent, positive or negative. By reflecting on them on an ongoing basis, you can reconstruct it in all aspects of your life. Gratitude: In the last 12 months, identify the things and people that you are most grateful for and celebrate them. Reach out to the people and say how thankful you are and journal it down to shift your emotions towards positivity. Simplify: Find the three things that you can let go of to simplify the next year of your life. Shed the excess out of your life, so as a result, you get a little more relaxation and peace of mind. Process: The thing that is more important than setting goals is the process that you design to accomplish them. Commit to such processes consciously, set it into attainable chunks and segregate them into 90 day periods. Disconnect: This is the time where you reflect, rejuvenate and reconnect to bring the motion into your life. Disconnect by intentionally blocking out time on your calendar and spend it with your loved ones to give the gift of unplugging. Block: Schedule your process, your 90 days while keeping it real and making sure that it is not moved around. Block it out in your life for the next 12 months and you have the roadmap to continue your journey. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham shares a model dealing with the two forces and the four zones that drive your success. When it comes to assessing where you are in life in terms of business, health, finances and relationships you can make use of the two success drivers: 1)Action and 2)Focus and they give you an indication of where you stand. These two forces that drive your success helps you in knowing where you are currently and what you should do to push towards where you want to be in life. The two forces of success along with the four indication zones can be better understood with the help of the following quadrant model: The Success Zone Evaluator On one side of it is action, and on the other is focus. Depending on how you score on these two factors, you lie in one of the following four zones: Frozen Zone: With very little focus and action, the people that are here are doing nothing to vitalize their life and are spending the time that they have on things that don't contribute to any type of positive results. They have been squandering away the years on things that may erode their health, business, relationship and wealth. Scattered Zone: If you rank here, then you are full of energy but you lack the focus to invest the energy in a particular direction. Sporadic results are common in the scattered zone where there may be momentary successes but they are not sustainable. Instead of shifting gears regularly, you have to create systems in place to focus your energy and trigger yourself for productivity gains. Hope Zone: People who hope all day long instead of taking action is in this zone. They are hoping, they stare at things, and all they know is where they want to be and what they would like to have. Identifying the goals isn't enough because we need to have a process in place for you to take action so you find yourself in a better and successful position. Success Zone: When you have high focus and high action that is moving you towards the direction of triumph, you are in this zone. You are someone who has a conservative focus that moves you forward. High performers and achievers who know where they want to go and are pushing their actions to take them there are the folks in the success zone. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham answers a question about how to figure out what your gifts are and what you should be doing. So today, we deal with The Greatness Framework that helps you pin-point where your greatness actually lies and the things that you should be focusing your energy on to have the greatest impact and fulfillment. The Greatness Framework Understand what your talents and skills are. To really find your greatness, discover the level of uniqueness that you can take to the marketplace. You might have accumulated your talents or the things that you are good at from school, with education, by reading and researching, or from your life experiences and mistakes. The things that you are good at can be in areas like design, technology or just anything else. These are the skills that even other people know that you are good at and they come looking for you when they need that specific talent. This is what you are going to monetize in the future. Identify the opportunity where you can use your talents to serve, shift and make a difference. The intersection of your skill and the opportunity to impact positively is called your Niche, and it is imperative that you identify the niche that you can serve with excellence. So, marry and match your special abilities with the opportunities that might exist out there. Next, you should have the action and discipline which is the over-arching beam that brings together everything mentioned above. Today, those who have the ability to make a tremendous impact are lacking in success because they are missing this special ingredient. So, in order to bring success and cash flow into your game, you must have the discipline to work countless hours, and sweat blood and tears, and finally find the success that you are seeking for. Also, identify the intersection between your skills and the action which is Development—where you grow with what you already know by putting it into use. Similarly, the marriage between discipline and opportunity is Monetization—where you find the ability to have an impact and create a lucrative gig. Finally, the sole focal point that everything intersects in is where your greatness lies. It is the union of: Talents/Skills, Opportunities, and Action & Discipline. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this special episode released on Thanksgiving week, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about bringing gratitude into your life. Being thankful impacts more than just your personal life as it reflects in your business and society. The framework is about how to make the habit of being grateful a part of your life, business and everything. The Gratitude Grid Internal Notice: We are able to notice the good and bad things in life, but it is a matter of what we pay our attention to. Without ignoring the bad, intentionally notice the good that comes in our path. Humility: It is imperative to be modest and respectful while putting away your ego. Your modesty attracts many towards you, and the respect you have for others will make you humble which in turn will help you become grateful towards the things in life. Commit: Really commit to showing gratitude, and stop perpetuating the negativity that might exist around your life. Instead of complaining, criticizing and judging, break that pattern and commit to it. Activity Journal: Journal everyday at the same time to write about the five things that you are grateful for. Those things might repeat or change but you should truly feel, reflect and appreciate them. Compliment: Without having ulterior motives, introduce complimenting words as a part of your everyday vocabulary. Don't miss the opportunities where you can honestly compliment others—that you know or don't know—at least three times a day. Cause: Find the external thing that is driving you and go out there to give back. It should be something that is beyond your accomplishments, and do it so that the lives that you have touched are better because of you. Practice Transform: Your negative associations and memories should be transformed into positives. When they are triggered, you have something warm and fond to remember. Transforming them might be complex but over time it is possible. Learn: Get to know about other people and things so that you can grow as a person, intellect and a force in the society. Learn something new every day. Sincerity: Be sincere while being grateful. Do not do it just as a checklist, but do it with authenticity. If you really mean it, you end up feeling much better. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham tackles a question that gets asked all the time which is about what it takes to become wealthy from a money standpoint. First, we need to understand that the concept of wealth building is less about the money and more about the discipline that you have in the process. We also should take a look at how the wealthy deal with their money versus others. Most people spend their income on items that they want and they invest the remainder. The wealthy first invest and the remaining is what they use on their living. So, prioritize investments. Understand that wealth creation is not something that happens overnight. It takes a lot of work and discipline. Here is the 5 step framework to become wealthy: Wealth Creation Funnel Comfort: At first, create a comfort fund of around 2000 dollars. It will be your cushion. Get it right and you'll have a little more relaxation but if you don't get it right, you will live in anxiety. Consumer Debt: Get rid of the drains that are sucking out your financials such as credit card payments, car loans etc. Do not spend tomorrow's dollars for today's benefits. Start paying down your debt. Use the Debt Breakthrough Calculator which allows you to prioritize your debts. You won't have to deal with high interest if you get it right. Peace of Mind Fund: Beyond the comfort fund, now you build a peace of mind fund which is 2 years of your expense. Prioritize it, and make it happen with the help of your discipline and integrity. If you don't get this fund right, you won't see a vision. If you do, then a lot of possibility opens. Property Debt: Next, handle your real estate debt and start paying it down. You will effectively be debt free in the process. There is no appreciation or increase in your property without it but if you get it right, it builds your equity over time. Freedom: Finally, continue to accumulate enough wealth so that your lifestyle can be maintained even after retirement. Your freedom fund is the cash flow machine that generates earnings from the wealth that you created. With freedom fund you've got life your way otherwise you're shackled to a job for the rest of your life. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about deciding at what point we delegate and the things to delegate. The CORES of Business To grow, scale and build something that is meaningful we need to let go of control. Here's how you decide on the things and whether they are something that you delegate or hold on to: Critical: If it is critical to the operations of your business and drives profit, then be the one in control of it. Others will not be as effective as you. Even if it is something that you do not like or are not proficient in, you need to responsibly monitor it. Have a system in place that drives things and you are on the monitoring end. Original: Keep in control of those elements that is your differentiating point. Stay close to the key characteristics that set you apart in the marketplace. For example: Your image, culture and branding. These things are your market differentiators so keep tabs on it at a great level. Revenue: If it drives your revenue, stay on top of it. Without cash, your business cannot survive. So, be the one who is closely monitoring the things like client relationships and sales that bring in the revenues of your business. Expansive: Spearhead those strategies that keep your business going. Command the strategic elements that allow your business to grow and expand. You can have other people for implementation and execution but the expansive piece is yours. Strategic: As a visionary and the strategic thinker of the business, be the one to decide on the techniques that fits. You do not need to be the implementer but be that visionary who oversees where your business is heading. Always have your finger on the pulse. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham looks at how we can motivate people. PROUD Positive Impact: Having a positive impactnot just on the team member but on those that are around them so that they are magnetized and attracted. Recognition: People want to be appreciated and recognized. When you care personally about them, they produce at great levels. Outside: As much as they want a paycheck, people want to know that what they are doing is affecting others in a positive way. Unifying: Ask yourself what you unifying cry is which can attract people in an inspirational way to mutually drive the mission and purpose that is there. Developing: To inspire people, they need to know that they are developing. You need to give them a place to feel safe, grow and develop their skills. The Pride Cycle Anticipation: A nervous anticipation is there when there is something new coming about. Energy: Anticipation brings with it an electrified energy of excitement which brings you in the job. Commitment: The next thing that you do is commit that energy to the process as you move forward. Action: Once we make the commitment, we can make it happen intentionally to get the action behind it. Once the action is put in play, you will see a lot of things. Results: Now you get the results and they may or may not be what you are looking for. But know that your choices in business aren't terminal. Reflect: We then need to reflect on what happened—whether it is something that we wanted or not. If it is what we wanted we can expand and escalate it. If not we need to make some changes. Recognition: We need to recognize what happened. Even if it a result that wasn't our goal, we need to recognize the team members for their successes. Look for things that went right. Adjust: Finally, we need to adjust it and tune it; and the cycle continues. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham digs into the 9 elements of a conversation which is about how we can have a meaningful discussion. This episode is the second part of a two part series on communication. This one covers The Resolution Roadmap and it helps us understand how we can have a difficult conversation with others. The Resolution Roadmap It is about learning, clarifying and understanding the opening, conversation and completion of a dialogue. Opening Issue: At first, you need to learn what the issue is. Share or discover the challenges by asking or telling explicitly. Example: Seek to clarify by giving a specific situation or example. Instead of being generic, you will have to specifically mention the challenges and the issues. Concern: Share your concern without accusing the other party. Make sure that they understand what the concerns are. Conversation Importance: They should understand why it is important for us to have a good resolution. Create a dialogue where you connect and explain what the importance is. Personal: Clarify the personal side of it without them feeling attacked. Allow them to own the issue and you should also own what you brought to the situation. Take the responsibility of your contributions and you will have the ability to shift it. Listen: Give them the opportunity to voice their understandings and concerns. You need to listen, see where it goes without interrupting and don't get caught in the details. Completion Curiosity: After hearing their positions and concerns, you have the opportunity to tell them where they are not right. But instead of keeping score or attacking them with words, you can use language patterns which tells them that you are curious and you want to understand the situation better. Resolution: In some cases, we might need to dictate a resolution; but to create something that is embraced by people, we need to jointly come up with a solution. This is how you find a meaningful resolution. Agreement: After creating a resolution, come to an agreement so that you can move forward. At the end, the needs of all the people invested in the conversation should be met. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about communication. Your ability to communicate serves you across all aspects of your life. This first part of a two part series will show you how you can prepare for a difficult conversation. 3 Stages of Conversation Planner The three stages are: before, during and after a conversation. Each stage has three elements to it. Before Clarity: First, have clarity about the issues and challenges. Whoever it may be that you are communicating to, you need to become clear on the real issues and remove any judgment or bias before you know the facts. Objective: You need a direction or a defined outcome of a conversation. Have an objective so you are not swayed away from your ultimate goal. Environment: Choose the best environment to have a dialogue that is meaningful and you can take it towards an objective where everyone wins. During Openness: The spirit of openness is required in a conversation. For others to be open, we have to be open. Therefore, have that intent to create transparency while communicating. Safe: The participants need to actually feel safe—emotionally, spiritually and energetically. You have to ensure safety to have a frank conversation. Empathy: Step in their shoes, enter their world and maintain a position where you see what they see. When you understand where they are coming from, you can really shift the dynamics and get the desired results. After Follow up: Come up with the next steps to further the discussions. You need to be definitive on that follow up to make sure it happens. Consistency: If you are seen treating people inconsistently, it will create an environment of distrust. Be consistent with everyone and people will feel safe and open up to you. Relationship: This concept is all about furthering and nurturing a relationship that you are trying to create with others so they can move on to the next planned phase. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about the life's blood or the oxygen that keeps a business alive and that is cash flow. This is about how you get cash into your business. Path to Cash Blueprint It deals with three elements: Marketing, Sales and Path. There are three aspects of each of these: Purpose, Process and Payoff. The blueprint is all about how you can manage the upstream to generate traffic and create engagement effectively in order to make sure that you have buyer-ready prospects. You want to convert that into the sales process which builds ecstatic customers with whom you create a transformative relationship. Give them a strategic journey along the path and your cash isn't going to be a problem. The Path to Cash Blueprint in detail: Marketing Purpose: The idea behind marketing is literally to create traffic. It is about attracting and enrolling people in the process so that you can create a flow. Process: The process of marketing is to get engagement, not sales. It is to attract and engage the market so that they understand that we are serving their needs with a unique solution. Payoff: The result is that the traffic turns into prospects. They are qualified buyers who are ready to buy. Sales Purpose: Sales is about converting. In today's world, we need to be distinct so that we stand out, command higher prices and maintain attention. Process: Building trust through guarantees and warranties so instead of just having satisfied customers we have ecstatic customers. Payoff: It is to transform the relationship with your customers in a meaningful way because you have created value for them and in the process you generate sales. Path Purpose: Create a strategic relationship so that you can design a journey that is meaningful and it is capable of amplifying the relationship to a higher level. Process: It is to expand what you offer. Two primary ways to do this is by providing ancillary services, and by bundling to increase the perceived value in the marketplace. Payoff: When you do this effectively, the payoff is cash. It fuels your growth, expansion and accretion. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham shares what it means to be a leader, and the differences between effective and ineffective leadership. The job of a leader is not to manage, it's to lead and develop more leaders and in doing so, productivity and results become the by-product. The Funnel of Leadership According to this framework, the roles of a leader are as follows: Enroll: To enroll qualified candidates into a vision, mission and purpose. Engage: To get them to a point where they are truly engaged with what they do. Empower: To empower them at a level where they feel they have meaning, importance and appreciation for the things they do. Educate: To lead the people by educating them which allow them to grow their skills. Elevate: To elevate them to a higher level in terms of value, meaning and purpose. Effective vs. Ineffective Leadership This funnel of leadership can be divided into two sides—effective and ineffective. The stuff on the ineffective side is coming out of the industrial age and the effective side belongs to the connection age. We can see how they work out in each roles of a leader: Enroll: If you fail at the fundamental level of enrolling people, you end up with no one. But if you get it right, you get qualified candidates. Engage: Ineffective in engaging folks mean inconsistent results. But if they are engaged, they are going to have a consistent work ethic and attitude. Empower: Getting this piece wrong will make people just checklist or task-driven. But getting it right means they are going to come up with ideas and be more innovative. Educate: If we don't educate and facilitate growth, people are going to stagnate. But if you teach them skills, they will grow. Elevate: If they don't believe they're elevating, they won't feel appreciated and will leave when there is a better alternative. Elevating them sees to it that they play a higher role. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham addresses a frequent question that is, “How do we know which is the right opportunity to go after?” When multiple opportunities come your way, you cannot serve each and every one of them. While filtering them, we need to make sure that we don't lack focus and resources to make the greatest impact. For that, we need to think about three key principles: Follow Core Strengths: To operate in the most effective and efficient way. Follow Profitability: Follow the opportunity that makes profit. Bet on Probability: Bet on the opportunities with greatest probabilities. Once you understand these three elements, we have the foundation to say which opportunities and ideas deserve further attention. During the initial analysis we create a quadrant model with our core strengths in the vertical axis and profitability in the horizontal axis. We rate and place opportunities (0 – 10) on one of the four quadrants based on our core strengths and the profitability.The four categories so formed are: Pebbles: It lies within our core strengths but it has very little profitability. Boulders: They may be high in profitability but we have low core strength in them. There's money in it but the challenge is that we're not good at it. Sand: We avoid it because in this one our core strength is low along with its profitability. Diamonds: This is the one we want to go after because it lies in the high core strength, high profitability quadrant. They are quite sustainable. We place each and every opportunity on this graph. We chase the diamonds first and leave behind the sand. Once we're done dealing with diamonds, we look at: Pebbles: We need to enhance them so their perceived value goes up. Try packaging or bundling things differently. Once you enhance the value, their profitability goes up and it slides into the diamond quadrant. Boulders: To capture the high profits that they offer, we need to build our core strengths. To do so, we can educate and train ourselves or we can get into associations and joint ventures. Then it moves into the diamond quadrant. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham shares the importance of self-leadership and how it relates to entrepreneurship and your success. Before we start with personal development, we need to start with our "self" first. We have to be aware of the things that we are doing. Funnel of Self Leadership The funnel of self leadership allows you to shift your life and the things that you are doing. You create a path that moves you from being accidental to intentional. There are 6 stages: Awareness: Everything begins with awareness. We cannot shift things if we are not aware. So, the first stage is being self-aware about what you know, don't know and where you want to go. When we consciously work on self-awareness, we not only become aware of our surroundings but we also start focusing on building our ability. Ability: When you become aware, you now have the ability to start building core skills, knowledge and tactics to elevate the things that you are doing. You have to look for gaps in skillsets and strengths to nurture, cultivate and develop those skills. Application: Next, we have to start taking action and actually make things happen. The action is not taken to get end results directly. It is to get feedback which allows us to take better steps until the final result is achieved. So, without allowing procrastination disguised as perfection to stop us, we need to take action. Accountability: You need to take responsibility for all the actions and outcomes. There is no benefit in pointing figures at others. By taking accountability, you will learn and grow. Acceptance: You must accept the fact that nothing will go as planned. All the great plans and strategies we create never work out in their original form. So, allow yourself to be flexible in the process. Never wallow in pity. Instead accept the facts, make changes based on the information and keep taking action. Assertiveness: The final stage where no matter the obstacles, you need to stay true and committed to your purpose and mission. Never give up and find ways to move around. Take concerted actions and execute until you figure out the core functions of the business. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham goes in-depth about Business Systems. He talks about the characteristics of a good business system and the keys for its success. A good business system leverages your time so you can focus only on the core elements. The Anatomy of a Good Business Systems Customer Focused: Everything we do needs to be focused on customer experience. The system is no good if it creates friction. So we need to create a system that transcends customer experience. Best Practices: We should make it world class while avoiding the perfectionist syndrome which gets nothing done. Get the best practices that exist. Be flexible to improve on it regularly and build a system that grows with time. Single Outcome: The system should be focused on a single outcome because then we can measure it. Make sure it typically has a specific outcome focused on it. Single Ownership: It should have singular ownership where one person is responsible. At the beginning, it will be you. But as you grow, transfer the responsibility. Simple: A simple business system is the one that gets followed. It will not be respected if it is complex. So make it a simple system that works. Documented: It should be documented so that the person responsible for it can be replaced. It might take time to document it but it's worth the avoidable future aggravations. Measured and Rewarded: It should be measurable so we can manage the process, inputs and outputs. If the value creation goes up, the team should be rewarded, The Key Systems for Success Attraction System: A marketing system to attract the right people. It should be constantly connected so clients are brought in regularly. Conversion System: After attracting people, how do we shift them from interested to buyer? Have a way to convert them. Delivery: After something is bought it needs to be delivered. Have a fulfilment house that can ship the goods and deliver the services. Connecting: Have a people system to connect with your vendors and teams. Your success is a team pursuit. So, have one in place to nurture, coach, support, evaluate and bring in people. Tracking System: It is meant to track your productivity, profits, cash flow and other elements. It deals with data and accounting which is the life's blood for your business. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham talks about habits, how they are created and how we can change our habits. Habit Loop In his book, The Power of Habit, Charles Duhigg talks about the concept of a habit loop. There are three factors in it: Cue: It is the initiator or driver of the habit. It is something that triggers a pattern for you without a lot of conscious thought. Routine: After the cue is triggered, what follows next is your habit or routine. It is the things that you repeatedly or automatically do when the hook is hooked. Reward: The benefit that we get when we run a pattern is called reward. It can be positive or negative.There is a critical point where we can shift things. It could be a slight or a lengthy moment. So, a fourth component can be added to the habit loop and it is: Reflect: The moment where we have the opportunity to reflect and ask ourselves whether the habits serves us. If it doesn't serve us, we can replace it with something that does. The Anatomy of Changing a Habit We can change and shift our habit in the moment of reflection. Here's how: Define the Cue: Realize or define the hook and where it comes from. Cues can come from different places like time, location and people. Be consciously aware about such triggers, and you can shift and redefine it. Define the Reward: It is the "Why" that pulls us like a magnet. Find the strong purpose that draws you towards the dream. Define the reward that is attached with the habit that pulls you through. Expectation Association: It is the path or the norms that is expected by the society. Many times it is the path of mediocrity. Be aware of the expectation that you associate with; so we can shift above and beyond it. Belief Community: It is the community or the people that you surround yourself with. In order to shift your expectations, you have to surround yourself with like-minded people that understand your values and will help pull through. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham continues answering a question sent in by Marie from St. Lucia. Shifting focus from the outline of general business plans, he talks about the specific elements necessary for online businesses. Here are the 7 elements to consider in the planning process of online businesses: Content Creation: We need to create content or products on a regular basis to get to our consumers. Develop a content creation strategy that can be used to put products online on a regular basis. Traffic Cultivation: You can set up the best website or online system but it doesn't mean anything without traffic. People must view it, and interact with it. So, how are you going to bring in people? Conversion Optimization: Even before running traffic through it, we need to optimize the conversions first. Put a strategy in place to get your conversions as high as possible and then run the throughput. After Sale Magnification: After selling, you need to build a relationship with customers to get more sales and revenues. It is about how you can integrate more products or offerings in the sales process. Technology Utilization: Plan to use technology that supports and leverages your time. Automate the process and track it so you know exactly what your customers are choosing. Let technology map it out for you. Growth Integration: Build a growth integration strategy to give customers something complementary to what they have already done. Use technology to deliver something that is a few degrees off. Customer Elevation: A mutual relationship based on trust should be maintained with customers. So, elevate them to a higher position than where they started to maximize the lifetime value of consumers. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals about the outline of business plans. The process of getting a business plan in place is the most important, not the ultimate document. Depending on the industry or business, you can always tweak it. What's in a Typical Business Plan Executive: Executive summary is a high level summary and its idea is to arouse interest. It is your pitch to frame the problem, solution, market, competition, team, financials and milestones. Company: It is about what you are and the things you do. Share an emotionally compelling and aspirational vision to drive movement. Talk about the nuts and bolts of the business along with its structure, elements, backstory and history. Offering: This section is about what you do, and the details of products or services that you will offer. Describe who the product will serve and their uniqueness. Share proof of concepts, the benefits that customers will get and what its perceived value is. Market: Who are our customers and their geographic, demographic, psychographic? Define the type of market and the current changes. After choosing a realistic target market, figure out the delivery mechanism and the competition. Strategy: It is the key step-by-step tactics that we use. It is about positioning, timelines, milestones and expectations. Plan how you will create connections with the marketplace and build loyalty with the customers. Team: Team is about who the key players are. Figure out the management team, executives and other key members. Their backgrounds, experiences and successes should be shared. Money: List the financial standpoints as forecasted cash flow. It should have all the details related to our cash-in and cash-out. A sensitivity analysis is also required to figure out what should be done when things don't go according to plan. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals in-depth about what is needed to build a profitable business model. There are different elements of it and the things that need to be considered. He talks about one that is used to come up with an optimal business model. Six Piece Framework for Business Modeling Under this model, there are two categories: Internal and External. These two have three factors each: Players, Strategies and Outcomes. External External elements are related to the customer, marketplace, team and others. They are: Who: It is about who we are serving, who our customers and marketplace are. Define the identity of a single or specific customer. Then extrapolate that identity in the marketplace. Understand their geographics, psychographics and demographics. Define your optimal customer. How: How do we give them what we are trying to deliver? It is about the connections and channels. Define the relationship that we are trying to create with our customers and other associated people. Specify the channels that we are going to use to deliver the products, services or experiences to the clients What: It is about what we are giving them in terms of value, products, services and experiences. It is about the value you create in their life through transformation. It should be holistic so that you serve everyone: customers, marketplace, community, society, team and yourself. Internal These are the elements to move the product or service forward that are internal to the organization, to you and your community. They are: Team: Who are the partners, team members, and the ones that will champion our mission and vision? They may be internal organization folks or even outsourced people. Know the roles that they play. Actions: Actions are built on activities and resources. They are the things we need to have and do to move this forward. Define the activities, milestones, timelines and the resources that you need. Results: It is about costs and revenues which are required for the business to be sustainable. It is necessary for you to grow, and continue delivering the value and experience. It has to be profitable in the long term. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals in-depth about one of the most critical elements of business which is your business model. He talks about what business models are and their ingredients, where you might be in the business model ladder, the importance of having the right model and the indicators to tell if you are in the wrong place. Business successes and failures are directly related to business models. Business Model Ladder Based upon where you are in this framework, it gives you an idea of what you need to focus on. No Model: Most starting entrepreneurs do not have any business model. Value is also not created. It simply is an idea and there is no cash flow. A decision is required to begin the transition and start making money. A Model: You have elevated the idea to a hobby. Now you know how to get your products out there to serve consumers. We need to define the things in our business model to cross the money line. Workable Model: You have to put in a lot of work and cash comes in. We need to refine it to get rid of the things that aren't working and elevate the things that work. Viable Model: Things are flowing and we need to start to scale. We have to elaborate the key value drivers to the customers, team and ourselves. Optimal Business Model: We are at a stage where we know who, why, what and how we're serving. We are creating value that is high in our consumers' eyes. Your Position on the Business Model Ladder To know where you are on the ladder, look at the following symptoms or indicators: No Model: You have negative cash flow, no systems in place and you are not making efforts. A Model: The cash flow is sporadic, the system is dysfunctional and you need to put frenetic effort. Workable Model: Regular cash flow but with inefficient systems which require a lot of effort. Viable Model: A flowing cash flow with effective systems in place and you can delegate it. Optimal Model: There are high cash flows, efficient systems and leveraged efforts. Business Model Failures Business model failures come from one of these four things: Extraneous: When what you're providing is not valued by customers. Erroneous: It's when we're in the wrong business for where we're going. External: Environmental changes can cause your business to fail. Execution: Bad or sporadic execution is a reason behind business model failure. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabrahamTweet Mel: http://twitter.com/MelHAbInstagram: http://instagram.com/legacyentrepreneurLinkedIn: http://www.linkedin.com/in/melhabrahamWebsite: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals in-depth about hiring and building a team, and their talents. The different things to consider in attracting talent, building a team and developing it are talked about. When it comes to scaling a business, an entrepreneur cannot do it alone. A skilled group is required to provide assistance to leverage a business. These are the things that we need to look for when building a team: Skills: Skillset is the minimum price of entry. It enables them to get the work done. It tells whether or not people have the proficiency to tackle the daily work and challenges. So, do they have the skillset? Values: It impacts the integrity and ethics of a business. There should be an alignment of values and it will allow you to keep the team members with the necessary skillset. If you have people with different values, it will destroy a business. So, figure out your as well as the individual values of team members and understand it well. If the correct skills are present along with the alignment of values then the next thing to do is hire someone. After hiring, the entrepreneur has the responsibility to continue developing the members and self-actualizing that growth. For it to happen, there are three things that we must look at: Core Functions: Understand the core functions of your business and communicate it well. Find the core function that each individual team member will be serving and make sure to communicate it as well. Critical Outcomes: State what success will look like for your business and for the team members. Ask the question not only to yourself but to your team as well. For everyone, the picture of success should be the same. Coaching: The people that are working with us need to grow. To develop them, it will take coaching, guiding and mentoring. As their leader, you have the responsibility to grow their skillset and make them feel more fulfilled. As your team members grow, they become more valuable. Their fulfillment will make them want to cheerlead and support you. The outcomes will certainly grow. There will be higher results and in that process everyone wins. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals talk in-depth about the concept of mentorship, what to look for in a mentor, their types and whether all of them are equal. There are no self-made men or women. There are people around them that helped and believed in them. All success is a team work. With mentorship, you allow someone who has already experienced the journey and understood the perspective to shrink your learning curve and avoid the mistakes they made. What to look for in mentors? Vision: Do they understand your vision, your passion for it and its importance to you? They should be willing to travel the journey while providing the support when you are lost or confused. Values and Ideals: Mentors should have the same values as you and focus on the same things. So when your values are getting fulfilled they are getting rewarded as well. They fight for it with great passion, energy and commitment because at the same time, their values are self-actualized. Accessible: They should be accessible not only physically but also emotionally, intellectually and spiritually. They should be open to you while being compassionate. They shouldn't tell you what you want to hear but actually show you the truth and your faults. Accountable: The mentors should hold you in higher standards to prevent your values, ethics, dreams and desires from being compromised. They should encourage you and make you accountable instead of narrowing down dreams. Full Spectrum Mentoring There are four different types of people you can have in your life. It is recommended to have at least one person in each category. Coach: They have little specific knowledge of your industry and about you personally. But they are insightful and exploratory. They give you the exercises and frameworks to work on. Mentor: This is someone who has great knowledge about your industry but little personal knowledge of you. They are able to give us specific business advice as they have already run the miles that we are currently on. Allies: They don't have any experience in the business but they have known you for a while. They know what drives and frustrates you. They have the ability to give an insightful perspective about you. Confidant: They not only know you personally but they have tremendous knowledge about your business and industry. They know you really well and you are able to share with them deeply. They are able to put it all together to coach you. __________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals the considerations for getting your business name. Today I answer a frequent question—"Is the name of your business really that important?" The short answer is YES. Your name is the first piece of branding that you are going to do. It is your first message to the world. Here' are the 5 things that come about from your name: Precept: It creates a legal identity and introduces the company to the marketplace. Position: The business name can portray your position in an industry or marketplace. It creates a visual impression. Personality: Your name can signify the kind of personality traits or reputation the business portrays. Product: Your name can also be something that you offer as a product. Be careful and think broader to have a name that will not limit you down the road. Preferences: The name can be driven from the market that you are specifically focusing on. It can be influenced by the past or who you are planning on serving. If you engineer it carefully, the name you come up with will deal with all five of these. Think about your identity, position, personality, offering and preferences before throwing a name out there. The 4 steps to go through to build on your name: Priming: Prepare by collecting data and resources. Set the criteria of what you want your name to denote. Propagate: Get the list together and brainstorm. Take everything you have come up with and find a common theme. Process: Reduce the list according to the criteria. Grade, filter and prioritize it. Protect: Search and see whether you have created a name that is similar to someone else's trademark. Also look for its availability on the web. Do's and don'ts for business names What shouldn't you do? Choose an irrelevant business name. Geographically limit yourself. Limit your product or service. Have confusing long names. Borrow from other similar brands. What should you do? Make sure that the name is relatable to your customers, marketplace and team. Make sure it's attractive for your target customers. Be careful about new spellings and words. Keep it simple. Make it web friendly. Confirm that it is protectable with trademarks. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals the 8 traits of successful businesses. These traits increase the chances of growth and success immensely. The 8 traits of Successful Businesses Strategic Plan: You must have a formalized plan to build a business, access and connect with your market. When you have thought about its strategic execution, you have already developed ways to find alternatives and take on challenges. Analyze and exercise based on this strategic plan. Market-driven refinements to increase value of your existing products and services: Have a mechanism to listen to your market and know what they are telling you. Continually adjust things to increase the value exchange with customers ultimately raising the price and profits. Committed vs. interested: Be committed to the outcomes and do everything that is necessary to make them a reality. Put the time and effort required to move forward. Challenges will come and in order to get through it, we need to be committed. Clarity of Market and identity: Have clarity on your ideal and specific customer. You can't just sell to everyone. Also, have clarity on what your business is about. Resources will be used properly when you know what you stand for. Constantly looking at the scoreboard: Measure the prime indicators of your business continuously. Analyze it and see whether it is taking you towards the right direction or not. It allows you to make proactive strategic decisions and shift courses as required. Mentors in Place: When people surround themselves with others who are able to elevate them while avoiding the potholes, they're going in the right directors. Mentors and business coaches are those that can accelerate your success and you can lean on them for support. Aligned team and don't control everything: Strategy is important but it's secondary to culture. Develop a culture that aligns teams with proper values. Grant teams their freedom to learn from mistakes and build on it. Give them the openness to come to you with solutions. Rise above the daily details: Entrepreneurs should be able to look ahead and have the bigger vision for their business. They should get down to the details to make the vision come true; continually looking out for the next action to make everything better, efficient and convenient. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham reveals the 8 signs that your business may be in trouble. "What are the things that I look for that might give me an indication that a business is in trouble?" There are 8 things to look for No Growth or Margin Squeeze: A business is in trouble if it doesn't show trends in growth. The increase should not only be in revenue but also in profit. If it is lacking, the business can be considered to have a problem. We need to go back and evaluate what is causing it. Low Productivity: In business productivity is key either form an equipment, people or attitude perspective. We have to see how people treat customers, team members and each other. Challenges in having the right attitude means that we need to separate the people and understand the cause or dynamics at play. Loss of Market or Concentration: Profits will decline when there is erosion in market share and that is not a healthy sign. We need to look at the cause behind our customers leaving us. Another side of it is when concentrations occur. That is when a single customer or employee provides the maximum business. Unpaid Taxes: When businesses start to fail they stop paying their taxes. The taxing authorities will always be there to take their share in your business. The government will come after those taxes any way. So, it is better that you pay the bills. Eroding Capital: The business can't be considered self-sustaining when assets continually shrink. It shows that the operations of the business are costing more than what is generated. Re-evaluate to keep everything at bay. Pricing Pressures: With competition there is bound to be pricing pressures. It is necessary to make us distinct from the competition by keeping ourselves state of the art and having a leading edge. Only then will we be able to have the desired margins. No Strategic Plan: A business should have a strategic plan. Think through the risks and benefits from all possible perspectives so that everything is analyzed strategically. Plan for the future and take actions. No Formal Measurement System: A challenge with businesses is measuring their performance regularly. It should be done to make adjustments for maintaining growth. Without formal measurement systems in place, a business cannot be steered towards the right direction. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham gives you a framework to make sure you know exactly what your customers want so they buy from you. This process is about taking and testing our products. For a product or service to be a commercial success, the market should believe in and buy the product. An entrepreneur might think that it is life changing and unique but the market might not have the same thoughts. Hence, before investing and going all in, we must give some serious effort to test our idea and listen to the market. Then depending upon the collected information, we go back and redesign things. Six Steps to Testing the Market 1. Create a Sample: Put your idea out there in a small way to get feedback from the market. The information should be used to make better choices and decisions. 2. Show it: Once the sample is ready, show it to some of the customers. Let them experience it so that they will give you valuable feedback. 3. What's the Pricing: Learn how much customers are willing to pay for it. Don't just work from a place of cost. Know how much the market values it and make necessary adjustments to the pricing strategy. 4. Ask Questions: Ask the market everything about what they like, don't like and even what they are thinking. Ask questions about expanding and follow-up products. 5. Look at the Competition: Learn what the competitors are providing and their strategies to pricing, connecting, communicating, selling and solving problems. Figure out your uniqueness and distinction in the marketplace from the competition. 6. Industry: Go out there in a broader way to showcase your products/services in conferences, trade shows and magazines. Do it bigger than sampling but don't go full scale yet. After going through these six steps and collecting a lot of information, focus on your product or service in four different realms. Continually ask these four questions: 1. More: What can we provide more or better to give value? 2. Less: What can we do less of to take away the friction of them using our product? 3. Interface: What can we do at the contact points with the customer to allow them to utilize it better? Cost: How can we be more economic with what it is that we are creating? ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author, Mel Abraham continues the journey and drill further into defining our customers. After we have an idea of who the CORE market is, we need to figure out the identity and persona of the specific customer we are trying to serve. Concept of and Defining the Customer Profile An intimate relationship with customers will help us gain their loyalty. It will make them come back for our products with great support. They will also refer us to others. For this, we will have to: Listen to customers: Focus on what they say and do. Learn what they are saying to others in different places. Follow their actions on places like social media. What we are trying to understand is their needs and frustrations. Participate in the conversation to get the insights to their actions. Discover what they are looking for: Examine the features that they want. Identify the changes that they are looking for by going out there, creating a dialogue and mixing with them. Know what is liked and disliked about your products and services. The common gripes will help you to fix and tweak the things you provide. Find what customers are seeing and hearing: It is beneficial to know about the information that reaches the ears and eyes of your customers from different media sources. Know everything that is being said about your products and stay a step ahead. Create products that will allow you to direct the communication. Learn what is frustrating your customers: Gather information about the obstacles that are aggravating them. Do not speculate at all. Without pretending to know what customers want, learn their real aspirations and dreams. Elevate a step higher to fulfill their aspiration and give them something greater. Understand what customers are thinking and feeling: People buy from us because they want to feel something. They are looking to get a benefit from the product. When you recognize them deeply, you will understand their pain and gain. You will be able to speak to them at a level that will create intimacy. So, ultimately take the core market and define the ideal customer persona with great precision. Ask questions and get involved to understand what they are hearing and seeing, thinking and feeling. Put that all together and change the dynamics of your relationship with customers. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author, Mel Abraham digs further into understanding who the target market and customer is. Understanding it is vital because customers are the key to success. You have nothing if there aren't any customers that are willing to buy the things you sell. So, we need to develop a commercially viable product that is able to create a difference in people's lives. Those people aren't just your customers but everyone who is associated with your business. Concept of Market Selection For market selection, understand the six elements that we need to consider. It will help us to recognize our CORE market. CORE market is where you can have a Connection, Originality, Results and Excellence in. 1. Identity: We need to identify the people that we are trying to serve. Find their demographics like age, gender as well as their geography like where they live. It will take some direct research methods like interviews for getting this information. 2. Clarity: We need to solve three kinds of problems: (1) known and spoken, (2) known and unspoken, and (3) unknown and unspoken. Find the exact problem that you are willing to solve. Then come up with a viable solution that is elegant and distinct so that people are willing to pay for it. 3. Location: Don't just find out where the customers are physically located but also figure out where they are looking for solutions. Know where the marketplace looks for the answer to the problems you defined. Once it is located, you will know where you need to be. 4. Define the Solution: Describe the solution in terms that your market understands. Clearly state how will you be solving their problems in a unique or distinct way. 5. Objections: Find the major objection the market might have. The target customers might not know about you, your products and whether it works or not. Do the things necessary to overcome these objections. You can use social proof, testimonials, case studies and recommendations while being transparent to get over the objections. 6. Who do they listen to: Discover the people that the target market talks with and listens to. If you can connect with people that are making recommendations, you can create trust there. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author, Mel Abraham answers a question asked by Cheryl about being a Thoughtpreneur. She asks about how I started and what was done first. She wants to know whether I did my courses or the book first, or whether I did them simultaneously. She also inquires about the time it took. When we talk about building an Expert or Thoughtpreneur Business, it's about taking experience, education and expertise to create a difference in people's lives. My journey in this business is a bit different as I came in as a CPA. · The book is an offspring that came out of the 30+ years of business that I have done. · The training course and live events were created to deliver my expertise, experience, background and wisdom. They were created separately to leverage my time consuming one-to-one consulting business. What I Did First I did was native and natural for me: I started with consulting. Then I started speaking and writing. Then the training programs were started. Then I did recorded programs. Finally, I did the book. The journey that I took isn't necessarily what everyone should follow. You have to figure out what is right for you. In the Expert Business, there are six primary modes of delivering our wisdom and experience. You can do it: As an Author As a Speaker As a Trainer As a Mentor As a Facilitator As a Coach What You Should Do Figure these out: Message: Get the message straightened out and build it into a framework that's teachable, memorable and commercially viable. Market: Figure out who you want to take the message to. Mode: Decide on the ways to deliver your message to the market. It should work for you as well as your audience. Combine these three. Figure out the easiest ways to do it and make it your starting point. For example: Start with a coaching program. Build and refine content through the group. Now, bridge this to actual training programs. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author, Mel Abraham digs a little deeper into the ideation stage of the think up phase of business life. We dig into the concept of value creation. The only way to sell and generate revenue from anything that is commercially viable is to create value in someone else's life. Only then will they be willing to pay for it and you will receive value in return. Let us drill down into the concept of Value Creation Piece. After generating an idea, evaluating and selecting it, we create value. We can create value in these different levels: 1. Utility Based Value: It can be anything that performs a function to serve a need or purpose. The need might or might not be of high value. This includes all the commodity based products and services. 2. Service Based Value: When we give something more than a product or commodity, there are services, connections and relationships attached to it. This is value creation at a different level because we have attached a product with some level of service. 3. Experience Based Value: When we create experience for our customers, team and for ourselves in the process of delivering a product or service. We should strive in every circumstance to create an environment that is memorable. It should create a connection which is experiential in perspective. 4. Value Based Creation: This is a higher level where businesses really thrive, expand and grow. It is all about how you take your product or service to not only create experience but also to speak the value of your customers and team. It requires the highest level of dedication. Satisfaction Line People buy with their emotions and justify with logic. But we should consider something called the satisfaction line. On one side of this line, you are enhancing value and on the other, you are eroding it. Value Enhancing vs. Value Eroding · Enhance Value: Deal at the unexpected needs level to bring trust and loyalty. · Eroded Value: Understand and deal with unhappy customers. Move them across the satisfaction line. So, think about where you create value and in the next episode, we will get into the two frameworks: Value Sectoring Framework and Value Focus Framework. ___________________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham deals with something that many of us struggle with and it is fear. We talk about what fear is, its causes and the ways to tackle it. As an entrepreneur, you will have a constant battle to tackle fear and anxiety. Fear causes paralysis and it blinds our mind's capacity to see the options in front of us. You focus on the wrong things. Here are six reasons that result in fear and the ways to tackle them: 1. Lack of Clarity When you don't know where to start or when you feel that you don't know enough, it causes fear. Be clear on where you want to go, what and why you want to do it, and the people that will help you. 2. Lack of Information We don't know what to do when we don't have enough information. In today's technological world, information is everywhere. Just google it and find information, how-tos and everything else on the internet. 3. Lack of Commitment To be successful, you can't just do it sometimes as a part time. Have a side gig, but make it full time by focusing on it on a regular and systematic basis. Commit fully to the business, idea and the value you are looking to create. 4. Lack of Action A majority of problems in business are a result of bad decisions or executions. People freeze as they are afraid to take the wrong action. But taking an action does not put you in concrete. The key is to take action and consistently execute. 5. Lack of Support You will not only need professional support in your business but emotional support from your loved ones as well. Enroll such people in your mission and purpose to move forward. Communicate with them if you feel that you're not getting the support and they will rally behind you. 6. Lack of a Backup Plan Plans don't always go as planned. Having alternatives means you have figured out possible outcomes, risks and obstacles, and the ways to navigate through them. Keep the destination the same but have multiple ways to reach it. When the first plan is not working, you will have a backup plan. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode #1 Bestselling Author, Mel Abraham walks you through his thoughts on wealth creation and the framework as well as how to get out of debt. Become Aware of Your Emotional Attachments to Money Sometimes we make money a poison; money a negative; money something that we ought not to talk about. Is it something that's emotionally charged, emotionally negative? That's something that we need to deal with because money has no emotion; it's simply money. It's a piece of paper; it's a coin. It's a representation of value and there's no energy to it. Wealth is Not About Money - A lot of people think to be wealthy you need to have money. I got to tell you I don't think that's the case, actually. Wealth isn't about money. It's more about discipline than it is money. Have a Debt Elimination Strategy - Use either a “snowball” (paying off your lowest balance first) or “avalanche” (paying you're your highest interest rate first) strategy to systematically get out of debt. Make Investing a Priority Over Spending - Most people live their lives where they spend what they are making on the things that they want to have and they invest what's left over. The wealthy and the successful do it the other way around. They invest what they need to and then they create a life on what's left. Wealth Creation Priority Ladder - The key is to create a system of building wealth by allocating your income in a priority ladder to bring you financial freedom. I created and have used a 6-stage framework to accomplish this. Comfort Cushion - The first element is I want to start to build what I call a Comfort Cushion to give you some cushion should you have an income hiccup. I think that the base Comfort Cushion I would say is about $2,000. $2,000 can give you a little bit of wiggle room. Consumer Debt - The next piece of the process is to rid yourself of consumer debt. Consumer debt is your credit cards, your student loans, and personal loans. There's two primary ways that you get it paid off. You can use a “Snowball” approach by paying your lowest balance first or an “Avalanche” approach to pay your highest interest rates first. Most importantly, get a system be disciplined and stay on it. Peace of Mind - The next level is to build a Peace of Mind fund. I'm really conservative, like I said. I want you to have a 24-month ... a 2-year cushion. It may take a little while but that's the effort you're trying to get to; a two-year cushion of your monthly expenses that will give you ... God forbid something happens. Real Estate Payoff - The next stage is to start thinking about paying your real estate off. If you own a house, let's start paying that loan down. Let's get out of debt. What I'd love to see happen for you and where I find financial freedom is when I find myself debt free, cash flowing and able to do the things that I want to do, with whom I want to do it, when I want to do and where I want to do it. Freedom Fund - Once all these levels are fully funded we can then look towards our Freedom Fund. That is what gives us the ability to build beyond, do beyond. That's really what I look at as the five steps of what I call the Wealth Creation Priority Ladder. Be smart about it because the sooner you do this, the more disciplined and systematic about it ... You will open up your eyes, I promise you. You will open up your eyes 10 years, 20 years down the road and go, "Oh, my God. I had no idea that I had this." ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this special live episode from under the Sydney Harbor Bridge, #1 Bestselling Author, Mel Abraham answers a question about the importance of mentors, what to look for and how to get a good mentor. Importance of Mentors Mentors are tremendously important for the growth and success of your future. We have to get the right mentor if we want to reach our dreams. They are like bridges that navigate you from point A to point B quickly and easily without having to deal with hazards, pitfalls and problems along the way. Mentors already know about such hazards and their knowledge prevents you from having to deal with the same. What to Look For in Mentors Mentors should have travelled the same journey that you are looking to travel. They should have the experience to share so you may be able to face the challenges. They should be able to clearly understand your values, visions and ideals. Their own values and visions should also be in alignment with yours. If it is not the case then they will bring in-congruency into your life. You will learn some good advice but that might not be related to the path you want to travel. Mentors should also be accessible not only from a time standpoint but emotionally as well. You should be able to have frank and transparent conversations with them at a deep level. Your mentor should be direct to point out the mistakes without sugarcoating them. How to Get a Good Mentor There are two ways you can get mentors: 1. You can pay them making sure they are worth every penny that you've put in. 2. You can serve them and they will reciprocate with their knowledge and experience. Think about where you want to be in the next twelve months and five years. Get yourself the right people who will help you get there. When compared to training and education, mentorship is the best choice to accelerate you to your destination, goals and vision. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
Mel Abraham, The Entrepreneurs Solution, Innovation, The Announcement at South by Southwest with Twitter and Meerkat on Growth to Freedom with Dan Kuschell | E:003 Insights and wisdom from Mel Abraham (best-selling author, business growth & valuation expert) on The Entrepreneur’s Solution: The Modern Millionaire’s Path to More Profits, Fun, and Freedom, The Big Announcement from South by Southwest regarding Twitter and Meerkat, and Dr. Cristy Lopez reveals insights into the traits of innovators, leaders, and coaches from the recently inspired article from Brenna Snider and Hamoon Ekhtiari on this Episode of Growth to Freedom with Dan Kuschell You can also get the Growth to Freedom Gift Package at: http://www.growthtofreedom.com/gift ========= SUMMARY ========= How do you add more value and profit on purpose? Simple - The Entrepreneur’s Solution Today, you will discover the process, model, and formula to create a future with purpose and profits – and creating a life that is meaningful by design. Discover things like: What is The Entrepreneur’s Solution and how can it help you be a better leader, team member, parent, and business owner; How to Execute the Business Mastery Blueprint – principles and tactics for lifelong success; The turning point decision that transforms a life of mediocrity to meaning, purpose, and legacy; How the ‘Corridor Principle’ creates new doors of opportunities today, tomorrow, and for a lifetime – and how Mel taught this to his son Jeremy while he was running his first successful business; HINT – Mel actually recommended that Jeremy go to college and you’ll find out why and how the Corridor Principle applies whether you’re new, successful, or starting over; Why today is the best time in history for you to succeed as an Entrepreneur – and what you need to do today to get the competitive advantage; Why Mind-set is the core foundation for future success – and how identity (how you see yourself) what you stand for (your values), can create the ultimate exponential multiplier to make you unique to your competition – and the shocking statistic that 73% of companies don’t have this right; The shocking statistic about values - and the link to growth, innovation, and long term sustainability; A simple exercise to stimulate your creativity and innovation; and much, much more… PLUS – you can get Mel’s book here while supplies last (for free plus a nominal shipping fee): Get Mel’s book here: http://www.theentrepreneurssolution.com Mel Abraham is a modern day renaissance man. He’s a CPA, valuation expert, two-time inductee into the United States Martial Arts Hall of Fame, philanthropist, and best-selling author of The Entrepreneur’s Solution: The Modern Millionaire’s Path to More Profit, Fans, and Freedom and founder of Business Breakthrough Academy and Business Builder Toolkit to help you bring your business to the world and create the lifestyle you deserve. Here’s praise from some of the top experts: "I agree with Mel’s theory: The only way to find out just how great we can be is to take an entrepreneurial approach to our future. “The Entrepreneur’s Solution” is more than a business mastery blueprint, it’s a plan for a successful life." --- Harvey Mackay, author of the #1 NY Times bestseller "Swim With The Sharks" It’s rare that I get excited about a book unexpectedly. Mel’s book made me want to jump up and shout yes! Read it. You’ll see. --- Chris Brogan, author of "The Freaks Shall Inherit the Earth" This fast-moving book puts you onto the high road to financial success, and then shows you how to step on the accelerator. --- Brian Tracy, Advisor and bestselling author "The Entrepreneur’s Solution" is full of meaningful examples of how to build a business from the heart out. --- JJ Virgin CNS, CHFS Celebrity Nutrition & Fitness Expert, NY Times bestselling author of "The Virgin Diet" and the new "Sugar Impact Diet " Mel gives you the art of Entrepreneurship from a real world perspective. This is what it takes to build something that is meaningful, successful and sustainable based on what you value most. A must read. --- David Bach, 9 Time NY Times bestselling author including the #1 NY Times bestsellers "The Automatic Millionaire" and "Start Late, Finish Rich" Read this book if you're serious about launching your entrepreneurial dreams. Rich with inspiration and ideas to fuel your rise to legendary. Massively valuable. --- Robin Sharma, #1 bestselling author of "The Leader Who Had No Title" Get Mel’s book here: http://www.theentrepreneurssolution.com In addition, Dr. Cristy Lopez joins in the conversation as we discuss South by Southwest, Innovation, and multiple techniques you can use today like: * Transform from one level to a higher level; HINT – if you want to be an eagle, hang out with eagles. This strategy works, even if you’re a duck- you’ll find out why; * How to apply the right strategy and mindset from Brenna Snider’s insight and article on Forbes (at http://www.forbes.com/sites/brennasnider ) on Innovation as it relates to the 5 Personalities of innovators: Mover and Shaker, Experimenter, Star Pupil, Controller, Hanger On; * The application of the Innovator Types presented by Hamoon Ekhtiar (Mar 2nd article at http://www.Marsdd.com) with the Thinker (your head), the Builder (your hands), and the Mobilizer (your heart); * And much, more to provide you greater focus, direction, and creativity for growth and freedom PLUS – the NEWS from South by Southwest (http://www.sxsw.com). Twitter just announced that it had cut of Meercat from it’s platform. Is it the end of Meercat? Only time will tell. However it’s a great lesson to not rely on one ‘channel’ or ‘source’ for growth. You (and I) have to plan for contingency and this applies to life, business, and relationship. You must be prepared for disruption today and Growth to Freedom will show you how to navigate, prepare, and transform your life, business, and relationships. Join us for a new show at http://www.GrowthtoFreedom.com =================== ABOUT DAN KUSCHELL: =================== Dan Kuschell is a success driven business growth hacker, strategist and expert, a media contributor, and thought leader. He helps entrepreneurs, leaders, and business owners grow and scale their companies 10x by driving the flow of elegant ideas, execution, and team-culture for greater clarity, confidence, and direction. Dan has been recognized worldwide for creating results with his resources, books, and strategies. Brian Tracy, founder of Brian Tracy International on Dan's work: “...Full of time tested proven strategies you can use immediately to get better results... ” Mark Victor Hansen, Co-Author, Chicken Soup for the Soul, MarkVictorHansen.com on Dan's work: “...His ideas are shared in a simple, practical way that will have you believing in your dreams again and give you the steps to take action and produce massive results in your life...” Meet Dan at http://www.DanKuschell.com ====================== SUBSCRIBE ON YOUTUBE ====================== Get more access to Dan's wisdom here: http://www.youtube.com/ChampionVision Watch/Listen to the show: http://www.GrowthtoFreedom.com Tweet us at: https://twitter.com/dan_kuschell Follow us on Facebook: https://facebook.com/dankuschellpage Linked In: http://www.linkedin.com/in/dankuschell/ Pinterest: https://www.pinterest.com/dankuschell/ Get More Resources: http://www.prosperitybasedliving.com Create Results: http://www.achampionvision.com
In this session, Mel Abraham shares with you his framework for evaluating ideas and the questions you need to ask to make sure it is the right idea, for you, at the right time for your customers. In this session, we talk about the second stage of the Think Up phase which happens to be one of the three phases of business life. The stage is Ideation and today we deal with creating ideas that resonate with the marketplace. We also learn a way to evaluate an idea with the help of a series of questions or checklist. For entrepreneurs, the challenge is not to generate ideas but it is related to having too many ideas. We need to understand, test and evaluate those ideas so that they resonate with the audience and the marketplace. When we talk about evaluation, we need to deal with the following elements: The Inputs deal with three elements: Time: The amount of time that you and others involved will take. People: The people that are brought it so that you can eventually scale away from the things that aren't your core. Money: The sum of money that is required. The Market is about knowing your: Customers. Who are our customers? Market. The size of the market matters. Access. We also have to figure out the ways to access it. The Outcomes are the things that are the outcomes of the idea. Those outcomes should be related to: Profit. There must be profit or cash follow to be sustainable Growth. There should be potential for growth beyond a “one-hit” Lifestyle. We need to know how it will impact our lifestyle The Obstacles are the challenges that you need to navigate through because they stand in our way. Alternatives. Are there other alternatives your customer may have? Capabilities. What capabilities do we have to create or bring this idea to life? Strengths. Is it part of our core strengths or competencies? How to Evaluate an Idea? If you download the guidebook of this session, you will have access to the checklist or questions. You can use them to evaluate an idea. The questions are subjective. The idea with stronger, clearer and certain answers are highly recommended. The idea that is lacking in terms of clarity in the checklist needs to be modified to increase the probability of success. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
This session is a bit different. Mel Abraham shares with you a tale of irresponsible marketing that I experienced recently. The goal is to understand what marketing should be really about, how we can set it for success and the ways to create connection with customers and your team. The Tale of Irresponsible Marketing I worked with a service provider that helped me to reach and connect with my customers. Within a week, the CEO makes a blog post which starts out as "Death of the business name". It reflects on how the company's creator looks back at his four year old business and realizes that he secretly despised it. This story spans to three posts over a week and it keeps the clients in suspense about the future of the company. The idea behind it was to create suspense, generate attention and then share their re-structuring plans. The post generated a lot of attention in a negative way. The way it was presented, abused the pristine client-provider relationship. He should have started with the re-structuring idea instead of polarizing the customer-base. Lessons that came out of this irresponsible marketing effort First we need to understand the objectives of marketing. - It's to create relationships that will convert into sales. There are 5 objectives: To capture the market's attention so they notice what you have to offer and how it'll make a difference in their life. To communicate with empathy to show that you care about the customers, clients and your team. To create deep seated loyalty by offering your customers a solution that doesn't just solve the issue but also creates a bigger vision for them. To convey low risk opportunity or entry point for your customers to do business with you. To connect emotionally so that your customers are with you because they believe in you. The five questions we need to ask when deciding to go on a marketing campaign: Is it responsible? Is it caring and compassionate? Is it respectful? Does it build trust? Does what you are doing create a positive buzz and will people will talk about it? ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, Mel Abraham talks about the concept of goal setting which is the last stage of the Think Up phase. We look at goals differently to fuel, energize and electrify them, bringing them to life. We know SMART goals = Specific, Measurable, Specific, Relevant and Time-driven. There are a couple of elements missing with SMART Goals and I change it to "A Smart Goal" where A denotes Aligned. Aligned: Goals need to be aligned with your higher mission, vision and purpose. Specific: The goal that you're creating should be specific and linked with your strategic plans. Measurable: We need to make sure that goals are measurable because if we can measure it, we can manage it. Attainable: It needs to be reachable and realistic. Relevant: The goals need to be relevant to our outcome and the tasks that we are doing. Time-driven: Goals need to have a deadline to draw us forward. All these are left-brain stuff that lack energy, movement and emotions. If there's no energy, electricity and vibrancy attached to them, they become stagnant goals and don't really drive us anywhere. Ladder of Achievement Process This process is used to connect goals to the emotional side of your brain with your heart, soul and energy elements that will drive you forward. This process is focused on primarily three things: 1. Personal growth: The innate and emotional desire to move forward; a commitment to strive to grow. 2. Perseverance: Every entrepreneur needs determination and focus. With perseverance come these elements: Purpose: Your emotionally compelling why. Passion: This is the fuel that drives you forward. Patience: We need to know that we can't control everything and in time, things will come into place. 3. Practice: Your discipline of action and execution. There are these elements to it: Plan: Taking the long journey and breaking them down to manageable chunks. People: Success isn't a solitary pursuit and we should have people that we can turn to for mentoring. Positivity: Negativity can brainwash us, so find the positive response and learnings. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.com/blog ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, Mel Abraham talk about how to create an elegant solution for your customers and your market. An elegant solution is the simplest way to get the greatest impact. It should be something that can withstand time and get the attention of the marketplace. It's the "Aha!" solution. An elegant solution will serve your market at three levels: Level 1: Dealing with the known and spoken problems. These are the things that are commonly known and talked about. Even though everyone is talking about it, we need to come up with a solution. Level 2: Dealing with the known and unspoken problems. These are the things that are not commonly talked about. It takes work, research and understanding to get to the bottom of this. Level 3: Dealing with the unknown and unspoken problems. These are the things that aren't even thought about. People aren't simply aware of these problems but they are coming at them. Concept of IDEA Loops IDEA loops are used to constantly refine products and services. There are several questions you need to ask along the way. Investigate: It's about questioning, studying and understanding. Questions: What are you trying to do and why? What are the facts and issues that surround not only the solution but also the problem? What is the problem and its cause which is seen after the investigation? Design: It is about creation and design of the solution, product and service to answer the three levels of problems. Questions: What does the perfect solution looks like? What ideas exist for achieving it? What is the best solution that you see right now? Execute: Going out and delivering from the context of getting feedback and testing. Questions: What would you expect to happen? How are you going to test the solution? What is the response? Adjust: Reflecting on what has happened in terms of results and feedbacks and ways to change it. Questions: What did and didn't work and why? What do we need to do next? Do we need to re-design it? ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this episode, Mel Abraham continue our journey down the three phases of business life by digging further into Stage 1 of Phase 1 which is the Decide stage. We talk about the obstacles and challenges that may come up and the ways to navigate them: 1. Are you in the right business? The right business is the one that is driven by your passion and vision. It serves at a greater level helping people shift their lives, and get solutions for their problems. 2. Financing: "I don't have the money to start a business". There are different ways to access funds like debt, bootstrapping, crowdfunding and angel funding. We need to think about our capital requirements, costs as well as the legal costs. 3. I have a hard time finding customers. To find the right customers you have to create loyalty, connection and relationships. Deliver customer promise by connecting with them at an emotional level. Know where your customers hang out, communicate and understand what they are looking for. 4. When do I quit my day job? Before you quit your day job, you have to have a sensible plan and the financial foundation to back you and your family during lean times. Make sure that the cash flowing in from your part-time endeavor is at least 30% of what you're making. 5. Should I be an entrepreneur? Being an entrepreneur means being comfortable with psychological obstacles. Every day an entrepreneur needs to stand with one foot in the bank deposit line and the other in the unemployment line. 6. Obstacles with respect to legal, tax and money management. Always make sure that you have proper legal advice. Get your taxes paid up front with a system in-place and get educated about book keeping. 7. Imposter syndrome You get this fear that you're going to be found out, you're not good enough, and maybe you shouldn't be doing this. Don't suppress this self-doubt but deal with it and overpower it. 8. How do we deal with staffing? Who do we hire? How do we hire? Do value based hiring, coaching and if necessary, firing. Make sure you hire people who have the same or similar values. 9. What is your competitive positioning? Turn around and stand out in the world while avoiding being just another widget. Think about your competitive positioning and remember your customer and brand promise. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this Q&A session, we talk about the topic "Scaling a Expert Business" to answer the question sent in by Ron Reardon. The question is "If a person has a high-end one-on-one coaching business, which normally coaching is not scalable; what recommendations do you have to scale what can be scaled?" Scaling is one of the biggest challenges that service professionals have. For coaching business owners, there are four types of business models: Time Based: A model where you swap your limited hours for dollars. Product Based: You create products to do your coaching and those products are independent of you. Hybrid Based Model: A combination of time and product based model. License Based Model: A model where you create other coaches and certifications. Scaling vs. Leveraging When you scale a business, everything in it grows. When you leverage a business, the revenue and profitability increases with the help of what you have in place. Scaling Things such as marketing, system or process, concept of duplication can be scaled. Scaling the Market Automated Systems: Create once and deliver often by using automated tools. Clients will be able to come in, get value and take something away from these automated funnels. YouTube channels, podcasts and blogs can be used to create an experience that will help you gain loyalty of your clients. Scaling Your Content: Re-purpose your content in different ways. For example: Recording it in a video. You can do the first webinar live and then use the recorded video over and over again. Scaling the System Create a formalized coaching process and make sure it is teachable. Then other people will do things for you in a sense of creating layers and levels of membership. For it to be teachable, it should be framework driven. The framework should be memorable, commercially viable, and valuable. Concept of Duplication Create products like worksheets, templates, guides, tools and kits that will help people go and do their own self coaching and self-assessment. Put such content online so that you don't have to redeliver the content over and over again. Leveraging We can leverage our time and product, and we can also leverage through licensing. Leveraging Time Group Coaching: Instead of one-to-one coaching, have a structure in place so that you can do high level group coaching. Having more people means increasing your business in the same timeframe. Forums: Create forums and communities where people trained in your methods will do some of the coaching for you. It will relieve you of some responsibilities. Concept of Replays: Webinar replays will allow you to deliver something that has already been recorded and delivered before. The same value, connection and information will be delivered. Leveraging Product Take some of your information and productize it so it can go out to bigger groups in an economic efficient fashion. You can reach out to big groups with hundreds of people and give them the same information and tools at a much more leveraged level. Leveraging Through Licensing Take what you know and package it in a designation or certification. For a license fee, you can have certified people teach your process that is replicable. It allows people to get access to your information even when your time is limited. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
This is a Q&A session, where we answer the question sent in by Bill Parravano about “Angel Financing”. His question is: “What is your approach? How do you approach an angel investor? How do you find angel investors? What do you need to have prepared when speaking with them?” An angel investor is typically a past entrepreneur who has high net worth and wants to invest in ideas, management and things they believe in. The size of angel investment can be from $5,000 to $10,000 to up to $2 million. Know that, angel investment is not just a typical financing arrangement for getting returns on investment. It carries with it some mentoring, advice and control. Angel investors come together as groups to form angel investment groups. They make decisions as a group but the investment is done on an individual basis. Finding Angel Investors Search for them online and you will come across different associations of angel investors. Angel Investments vs. Venture Capital Investments Source of Funds: Angel investors use their own money whereas venture capitalists use institutional money or pool money—the money available from people's pension plans and other investments. Timing: Angel investors invest in the early stages of the business to fund, build and grow them. Venture capital investors come in at a typically later stage. Size of Deals: Angel investments can be as low as $5,000 and venture capital investments are usually above $2 million. When to Go for Angel Investments Be Prepared: Go for this option if you are fully prepared on your part. Willing to Give Up Equity. Willing to Take Advice. Have an Exit Plan. Product Development: At least have a proof of concept for the product. Exhausted Other Resources. The entrepreneur has invested and has no other resources. High Expected Growth. Have a Business plan. Other things Angel Investors Look for Strong Management Team with Experience. Uniqueness of the Product/Service. Personal Investment. You Understand the Numbers. Angel Investment Process Application: A formal application needs to be submitted or possibly just an Executive Summary. Pre-Screening: Investors look at little more details on the business, plan, concept and product. Screening Process: The group of investors will review the business plan in more detail to dive into the business. Investment Meeting: This is where you will have to put up a pitch and present your business, concept, risks, returns, opportunity and industry details. Due Diligence: Investors will dig deep into the details to verify them so that everything is real and reasonable. Term Sheet: The parties will sit down and come with a skeleton agreement on what they are willing to do, what they want and how they want it to be structured. The Expected Reality Expect a lot of rejections because your business might be great but investors might not feel that it is for them. Make sure to learn from the rejections so that you are able to fix and tweak your business as you move along. Asking for references and understanding what those particular angel investors are about will help you. Let it be known that you also want guidance and not just money. Money will come along with guidance. Communication is important so share your story. Be transparent and honest upfront in what you present. If you are at the right time and place, with the right groups, for the right reasons, angel investment will prove to be a great resource for you to finance, grow and take your business to the next level. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
— Summary — In this episode, we continue our discussion of the key decisions you need to make as an entrepreneur. Specifically in this episode we explore how to gain market distinction through your core strengths. Of the three phases of business and product life framework, the first stage of the Think Up phase is the Decide stage and it comes before Idea. In this episode, we dive a bit deeper in the decisions you need to make as an entrepreneur. We dig into the decide stage which relates to the concept of core strengths. This concept of core strengths deals with three factors: What are your Abilities? What are your Interests? How to connect these with the Market Needs that you're going to serve? If you look at these three as a circle or Venn diagram: The intersection between the abilities and the interests is where your passion lies. The intersection between the abilities and the needs is where the solution lies. The intersection between the needs and the interests is where your potential lies. The intersection between the abilities, the interests and the needs is your core strengths. You need to ask certain questions to step in and understand your abilities, interests and needs. Answer these questions and journal them to get an overview: Questions to Understand Abilities What are your current and prior work and volunteering experiences? What skills and talents come out of those experiences? What are your hobbies? What kind of training do you have? What kind of formal and informal education do you have? Do you have a degree or do you attend seminars? What types of skills do you quickly learn or what are you simply good at? These things define and refine what your abilities are. You can ask about your abilities and skills to other people that know you or are close to you. Questions to Understand Interests When you think about what interests you, what is the first thing that comes to mind? What do you read, shop for? What TV shows/movies, music and audio that you prefer? What do you do with your free time? What are your favorite physical activities? What is it that you always wanted to learn? What are you curious about? What intrigues you? How do you define fun? What's something that you've always wanted to do? What training program do you want to go through? If you day dream, what do you day dream about? Market Needs: This defines the types of businesses that might fit with your abilities and interests. There are a number of types of business that exists. They are: Advisory Builder Nurturer Communicator Entertainer Investor/Owner Organizer Implementer/Administrator Salesperson Techno-Addict When you look at these types, think about where and when your abilities and interests come to play. When you feed the needs of the marketplace with your unique abilities and interests, you create distinction which in-turn creates a level of strength and that is what we call Core Strength. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
— Summary — In this episode, we begin to dive into the three phases of business life or product life framework. This is the process that we use to take a product and business, and bring it to life. In a previous session, we talked about the concept that there are three phases that every product or business must go through: Think Up, Get Up and Reach Up phase. The first phase Think Up has three stages Decide, Ideation and Model. As opposed to popular belief idea doesn't come first and there are a whole lot of decisions and choices that come into play before an idea is generated and turned it into reality. When we decide on the correct choices, we're going to start to come up with ideas and because we're coming at it as an entrepreneur, we take on the identity of an entrepreneur first. After taking the identity of an entrepreneur, you can go through the most difficult path to reach the destination and this destination comes as the result of the "WHY". There may be more but these are the four major categories of "Why" for entrepreneurs with examples of real entrepreneurs. They are: 1. Passion-Driven Peter Diamandis: A passion driven entrepreneur who creates business around his personal passions. He's got incredible things related to exploring space and his efforts will affect how we live our lives. 2. Purpose-Driven Elon Musk: He's driven by his purpose to find a cleaner way of living by capitalizing on electrical energy. He is involved with a lot of new technological developments. 3. Money-Driven Donald Trump: He is driven by the bottom line—the money. Being driven by money doesn't matter because you create jobs, products, services for serving society and community. 4. Transformation-Driven Steve Jobs: He revolutionized and transformed several industries like music and communication. He transformed our way of life and belonging. He was able to change the world So sit back and reflect for a moment about which one you are and what is driving you? Once we decide what our why is, we need to ask ourselves some "What" questions. What do we want to create? - Product, service or a hybrid of these two? Also be clear on things like whether you are going to do it as a for-profit or a not-for-profit. Once we understand the why and the what, we can start to dig deeply into some of the other decisions which we will do in the next episode. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
People say that we are on the edge and near disaster but actually, we are in the greatest times filled with opportunities. So much is happening and so many things are changing. At a time like this, it is really important to set the stage for what it is that we are going to do. There are two paths that you can take. The first path is what the society believes it should be. You get a degree, then a job and wait for promotions to climb the corporate ladder, slowly. This has been done since a long time by a lot of people. But just because everyone does it, is it the right way to do it? This road is filled with stress that can negatively impact our health and well-being. The second path is to design your life the way you wanted while having the courage to do so. Do it your way as long as it is moral, legal and you're not hurting anyone. It takes courage, boldness and the ability to step out of your comfort zone to take a different route than the rest. There will be people that laugh at you, torment, fight, ridicule, and criticize you. You need to be okay with that. You need to move forward and reach the other side that contains all the joy that you were looking for. There will be struggle along the way, but if you are on the right journey with the right purpose, it won't feel like a struggle. It just feels like a part of the process, and you will be able to enjoy the journey and not just the destination. You might have hiccups on the way but if you make the right choices and decisions, you will find success. One of the greatest regrets that people have during their last moments is not having the courage to live the life they wanted. We're not here to live a life of mediocrity. We're here to thrive and build something vibrant so at the end we can be happy and fulfilled about the life we lived. When entrepreneurs have an idea, they run full-fledged with that idea to bring it to life but since they don't define every step they will be taking, years down the line, they will face hurdles and won't be able figure out why. The reason for this is that they weren't specific from the beginning. When you're focused on the numbers you lose people and the things that are really important, that drive the numbers. Always know that people matter in the process. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
SUMMARY: 1. As an entrepreneur, you might get sucked into your business so much that you miss out on the other important aspects of life. If this happens, it won't be worth it – as having your own business should actually allow you to create a community, support the society and live your dreams. 2. Make sure to take a time off every 90 days or so and do three things: Reflect, Reconnect and Rejuvenate. Reflect: Take a vacation or a long weekend, and block out your work and schedule. Reflect on the things that you experienced. Think about both the good and bad experiences. As you look back, recognize and celebrate your wins. Also reflect about the missteps that could have been improved. Reconnect: You are able to do great things because of the people that support you. Take your time to reconnect with those loved ones and talk to them. Also, reconnect with the purpose, mission and vision of your life; as it keeps you on track. Rejuvenate: After reflecting and reconnecting, you are naturally rejuvenated. A lot of energy builds up in you and you are ready to take on the next 90 days. To make rejuvenation more meaningful, make sure to be grateful for the things that you have and that have happened to you. Be prepared, make your commitments and get ready to take on the coming days. 3. Practical takeaways to change your life: Handwrite with a pen on a card and send it to the people that matter, thanking them for being in your life. Journal every ideas, the things that you've learned and the experiences that you had. Make it a weekly habit. Block your time out for a retreat, 12 months in advance. Plan this ahead and mark your calendar. Plan your trip and the experiences you want to have. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
In this session we talk about the three phases of business life which is the process I go through when I have to launch a new business or service. They are required to build a business but even before the three phases, get the concept of customer promise. Know how the life of customers will shift and change because of your work, products and services. Before your customers you must be truly, emotionally and passionately behind your products and services, and only then you will be able to create emotions in your customers, team and vendors. Now comes the three phases of business life which are: The Think Up Phase: You choose a design in this phase. The Get Up Phase: You literally move forward and start the business in this phase. The Reach Up Phase: The final phase that deals with scaling, growing and building. Each of these individual phases has three stages to them. If you are able to journal them and follow them as a check list you will be able to raise the probability and level of business success. 1. Three Stages of the Think Up Phase Decide: Make a decision to be an entrepreneur and sell products or services. Know the reason behind it and decide on the things that you are going to do. Be informed about the timeline and obstacles as well. Concept of Ideation: We all have plenty of ideas but we don't know whether they are good or not. If we start on multiple ideas, we never finish them. You can't do it all at once. In this stage we evaluate multiple ideas and think them through. Modelling Process: This is the phase where we begin to create our model. It is about how you will create, capture, package, campaign and deliver value at a holistic level. It shouldn't just be customer centric but it should be modeled around your team, staff, employees, contractors, business owners, investors and yourself as well. Know how to create value for them that is beyond the paychecks. 2. Three Stages of the Get Up Phase Plan: Look at what the markets are, analyze where the sales might come from, the people we need and the financial aspects of what we do. We need to figure out whether the idea is commercially viable. Structure: This is where we think about how to structure the business. Decide on matters like entity selection, risk exposures, asset classification while eliminating or reducing risk exposure. The structure should always integrate with your life vision. Finance: Your business might need assets, real estate and equipment. Know how to finance them and decide on whether or not to bring investors. 3. Three Stages of the Reach Up Phase Launch: In this stage you put things in place to accelerate your business in a growth sense or to create growth for your business. Scale: Make it a personal, professional and a lifestyle decision on whether to raise the ceiling and grow or stay where we are at. If we decide on scaling beyond us, we need to delegate accountability and responsibility. Exit: Every business will have an exit. This is the time where you exit the business and there are a variety of ways to do it. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
SUMMARY: This is the introductory episode of The Entrepreneur's Solution. In this session, we talk about the show, its target audience, topics that you can expect in future episodes and how I may become your entrepreneurial mentor. Creating, building and scaling a meaningful business can bring back possibilities into our lives—giving us the courage to live the life that we dreamed—while having an impact on the society that we live in. Entrepreneurs truly can solve the challenges of the society effectively and efficiently. They are truly the key to the future. It's not that difficult either; as with the resources available today the ability to become an entrepreneur is much easier. This show is for aspiring as well as established entrepreneurs of any scale. It's for businesses and entrepreneurs who want to shift the way they do things so as to create more profit, fans and freedom. The street proven principles, strategies and frameworks that you will learn in every episode are well-tested and backed by experience. The episodes will work as: First 7–10 episodes will introduce the proven businesses principles that I've used. That includes important principles, frameworks as well as the information to do business at a level that doesn't suck the life out of you. After that, we will dig deeper into the various aspects of business. We will delve into aspects like marketing, mechanics, money, mindset and business model. I want to be your entrepreneurial mentor through this show. You can ask me questions via www.askmelnow.com and a future show will have those questions answered. Remember, that this show is for you to gain the skills, tools, strategies and tactics to accelerate your success. The show may also include successful entrepreneur guests to talk about their business, their success, their challenges and the lessons that they've learned. The show will include key practical takeaways or actionable tactics that you can execute. These will drive you towards your dream. I will also share some tools like worksheets, summary sheets that you can use daily in your business. Remember to subscribe and share this show. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://bit.ly/1AViEfx The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
SUMMARY: This is the very first introductory episode of the Entrepreneur's Solution. In this session, we talk about the show, its target audience, topics that you can expect in future episodes. Creating, building and scaling a meaningful business can bring back possibilities into our lives—giving us the courage to live the life that we dreamed—while having an impact on the society that we live in. This show is for aspiring as well as established entrepreneurs of any scale. It's for businesses and entrepreneurs who want to shift the way they do things so as to create more profit, fans and freedom. The street proven principles, strategies and frameworks you will learn in every episode are well-tested and backed by experience. The episodes will work as: First 7–10 episodes will introduce the proven businesses principles that I've used. That includes important principles, frameworks as well as the information to do business at a level that doesn't suck the life out of you. After that, we are going to dig deep into multiple aspects that a business presents. We will dig into aspects like marketing, mechanics, money, mindset and business model. Through the show, I want to be your entrepreneurial mentor. You can ask me questions at www.askmelnow.com and a future show will have those questions answered. Remember, that this show is for you to gain the skills, tools, strategies and tactics to accelerate your success. The show will also include periodic guest entrepreneurs. We will be talking about their business and the lessons that they've learned. The show will include key practical takeaways that you can execute. These will drive you towards your dream. I will also share some tools like worksheets, summary sheets that you can use in your everyday business. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
SUMMARY: There are basic fundamental principles about business that you need to understand. Mastering your business requires mastering the basics. It will drive your business and escalate your success. There will be changes and shifts in market dynamics, legislation, preferences and other factors that influence a business. If you build a strong foundation for a business, we can easily respond to the changes that enable us to handles the downslopes and take advantages of new opportunities. Business Mastery Roadmap Framework When it comes to business, five basic things must be figured out. 1. Marketing: Every business needs marketing and sales process. This is the process by which you will reach out to your customers. For marketing, these are required: · Customers: Who are your customers and what do they really want? We need to identify their habits, demographics, location and every other specific detail. · Communication: Create messages that allow you to communicate with your target market from a logical as well as an emotional stand point. · Connection: Understand how you will connect with your market. It is necessary to connect with them at a visceral emotional level by understanding every little detail about them. 2. Mechanics: Mechanics is about the business and how you run it? It is about the roles, rules and reporting around your business. · Roles: When you start a business as a solopreneur, you play all the roles but after a certain point—even if you don't want to—you will have to let go of control and transfer your roles and it might be difficult. It is very important to know how to delegate the right roles to the right person. · Rules: There are several rules for play in a business. You will have to understand and know all the legal rules and they are different everywhere. · Reporting: These reports tell how good the business is doing, your accounts receivable and your profit and loss reporting. 3. Money: If we do business correctly, money will just follow. It deals with: · The Flows: How cash is flowing in and out from your business. · The Financial Statements: Understanding the financial end of a business. Learn financial terms, ratios and how to read financial statements like the balance sheet, profit and loss statement, and the cash flow statement. · The Finale: Know your end game. Do you want to sell, pass on, continue to run or let go of your business at some point? 4. Mindset: Mindset is all about- Why we do business? It is about three things: · Identity: Who are we and where do we stand in the marketplace? · Influence: Understanding the dynamics between customers, team members, vendors and other people. · Impact: The higher purpose of your business. Having impact with your product and services, creating a value that is greater than just goods and services, and creating something mission driven for the community. 5. Model: This is the business model itself. It is how you create, capture, campaign and cultivate value. Value is created by exchanging products and services. Create value for your customers, team, vendors, staff, management, executives, investors and for yourself. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
SUMMARY: There are societal rules like finishing college, taking a job in a large firm and working hard to get promoted. Following these may mean a lot of hectic schedules and an unhealthy lifestyle. Not everyone can follow these rules of the society. So in life, you may come across the question: Do I follow my dream or do I take the easy road? People do business for different reasons. Some do it to make a profit, some do it to steal money, and others do it because they care and want to have an impact, make a difference for people that their business influences. My Analyst Framework Being an entrepreneur, doing business on some levels is easy. There are only two things that you have to manage in life: To manage, minimize and eliminate as much downsize risk as possible. To maximize potential and boost opportunities that comes in the picture. These are below the line stuffs that answer "The How" and "The What". Above the line is where you'll find a more important question and that is: Why are you doing what you do or want to do? All the challenge lies here. You might get the "below the line stuff" right, but managing the things that lie above the line—giving meaning to your business— is not simple. The lifestyle that you have because of the business and the legacy that you build is your meaning. These inform all the decisions that we make below the line. It is necessary to have our stuff above the line, right. Otherwise, it can negatively impact the things that we have below the line: like being unable to make the correct business decisions or allowing our businesses suck the life out of us. We may dedicate our time and resources to building something, but it ends up being an empty build. There are four things we need to ask ourselves to build the above the line stuffs: What are you dedicated to in the context of higher purpose, the meaning and everything that you are doing? What are you devoted to or who are the people that you are devoted to? What are you prepared to do and how much discipline are you prepared to bring to this game, this world called entrepreneurship? What is the energy that is driving you and the thing that wakes you up in the morning? Answer these four sets of questions, write them down, journal them the old pen and paper way. Reflect and act on them to refine and define your "Why". Remember to subscribe and share this show. ____________________ ABOUT MEL ABRAHAM Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom Entrepreneur, Mel's strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses. Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want. Subscribe to the free entrepreneurial podcast here: http://bit.ly/1AViEfx The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/ ____________________ SUBSCRIBE AND FOLLOW Join Mel's FB Fans: https://www.facebook.com/melhabraham Tweet Mel: http://twitter.com/MelHAb Instagram: http://instagram.com/legacyentrepreneur LinkedIn: http://www.linkedin.com/in/melhabraham Website: http://MelAbraham.com
Today on Game Changer Talks, my guest is calling in all of the way from Paris, France (where he is currently on a holiday). I am honored and blessed to have Mel Abraham on the show with me. Mel started out as a CPA and has become the foremost expert on how to get inside of a business and really understand the its numbers. For the last 10 years he has been working with entrepreneurs of all shapes and sizes, to not only understand their business, but through his Business Breakthrough Academy, help them truly live their lives and build a legacy that they can be proud of. You can find show notes and more information by clicking here: http://bit.ly/1uVUQCP