Building Your Money Machine

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about defining yourself to create your identity because it is one of the most important choices you can make as a person. If you get it wrong, you are lost because you don’t really know who you are and what you stand for, you get inconsistent results and others lose trust in you because they can’t trust the response. If we get it right we get clarity, become directed in a particular direction and ultimately we become highly trusted. So, what you need to know is that your identity starts with your thoughts, actions will bring them into being and the results will drive it deeper. The Personal Identity Cycle Values: To figure out your identity, the first thing you need to consider is what your values are. It drives everything and can be internally or externally sourced. Thoughts: Ultimately values lead to our thoughts. They are the start of everything. All the things around you lived in the thoughts of someone before they were invented. In order to get behavior change, we have to go through our thoughts first. Words: Thoughts lead to words. The words you use to communicate or tell yourselves something is the manifestation of your internal thinking. So carefully consider the words you use when you communicate before actually doing it. Actions: Actions are driven by words. The actions we take are an important part of our identity. Be positive with words and follow them up with considerate actions. Habits: Our repetitive actions are what we call habits. We are so much ingrained in these that we do them without thinking. You don’t need to give careful thoughts to such habits as they are deep in our psyche. Results: Finally, everything leads to the results that you generate. This is the final point in the cycle which will go around continuously. The sum total of this cycle is our identity. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, shares his six lessons from 55 years of living and how you can have a fulfilled life. If we don’t get this right, we’re going to live a life of disappointment, it feels like a constant struggle and there will be no meaning to it. But if we get it right, it builds our confidence, we find our resilience and we have a meaningful life. To make it happen, what you need to know is that comparisons disappoint, your worth is in the beholder and possibility always exists. The Six Lessons From 55 Gut: Consider what our gut tells us because it gives us things that we logically and analytically cannot pick up or understand. You need to work from that because the analysis might look great but if in your gut it doesn’t feel good, you need to rethink the whole process. Grit: It is about courage and the ability to go forward using your stamina and resolve. There will be a lot of naysayers and haters but you need the courage to face them and keep doing what you believe and want in life. Gathering: We need people around us. No one is a self-made millionaire. There are a lot of people that nurture and guide a successful person. So, really think about who you surround yourself with because you need people who will call you out and hold your standards to a higher level. Greatness: Identify the things that you are good and passionate at because you ought to be spending your time doing those things. You can be more impactful in areas where your talents and passion intersect. So, spend your time where your greatness lies. Generosity: Be giving. Come from a place of service. We are not here on this world to just take and accumulate. Serve, help, elevate and live a legacy with the help of your generosity and kindness. Gratitude: It overarches everything that we do. When you build your life, you have to know what you are grateful for. Maybe you can list out such things regularly and see how it shifts and changes your life and business. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ _______________

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, teaches us how we can learn from our mistakes before we even make them. It is about getting it wrong to getting it right. If we don’t get this right we have no clarity, no action and we get no results. But if we do it right then we will have clarity and purpose, our actions will be intentional and what ends up happening is we get great results. So, what you need to know is: You need to be real about yourself and your capabilities. Know your target and where you want to go. What the worst case is so that you can mitigate it and grow. The Antithesis Advantage Using the framework, we are going to look at the worst case scenario, analyze our strengths and values so that we know where we stand and what we need to do. It is a quadrant model rated using value in the horizontal axis and strength in the vertical axis. There are four quadrants in this model: Delegator: Low in both strength and value. Meaning that there is very little critical nature to it. Scholar: High on values and low in strength. This is when we need to study, work and learn. You can also get someone to help you out because it’s critical to the outcome. Overseer: Low on value and high on strength so you are going to let someone else do it and then you review it. Mastery: It’s high on both value and strength so this is where we need to be spending our time. This framework can be used for any skill, goal or opportunity. You can list out the skills needed and then rate it on the basis of strength and value. You can then imagine the worst case and prepare an antithesis for it. In this way, you can plan the solution before the problem ever arises so that you raise the likelihood of success. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENTREPRENEUR'S SOLUTION

Discover how to communicate effectively by shifting people's thinking and touching all perspectives. Learn about the different communication pathways, from data wonks to storytellers. Understand the power of effective communication in motivating and changing people. Overcome personal biases and use the right tools to bring your message to life. Enhance your communication skills to solve societal issues and achieve success.

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about the steps you can follow so that you are seen as a leader. All of us are leading someone and if we don't get it right, we have no real knowledge, no real results, and we are seen as an imposter. But if we do it right and get a command of this, you are seen with a distinct and unique set of talents and knowledge, it is highly valuable and you ultimately become the "go to" authority. These are the things that you need to know to be perceived as an authority: Impact Focus: To be in a thought leader level, we need to focus on the impact that our information, business and thought process has. Unique Insights: You cannot be a repeater but have to give unique perspective. Solution Driven: There’s a specific problem and you have the precise solution for it. The Authority Acceleration Matrix In this matrix, at the bottom there is no reputation and at the top, there is great reputation. On the left, there is low knowledge and on the right there is deep knowledge. Here are the types of people present in the four quadrants: Task Junkie: In the lower left quadrant, someone who is really task driven and income is low. It feels like serving time and swapping it for dollars. Book Worm: In the bottom right quadrant, people who are relatively unknown. They are the ones in the offices who love their work and are technically astute. Great Imposter: In the top left quadrant, this is someone with a low or just surface level of knowledge but is a good marketer. They have a short lifespan because they don’t possess the depth of skill. Authority: In the top right quadrant is where you want to be. These folks are highly valued because of their unique insights and distinct solutions. They really have a deep level of knowledge. The focus of these four types of folks differs. On the bottom you have no focus and impact focus respectively and on the top, there’s marketing focus and knowledge focus respectively. What you want to do is have a deep level of knowledge and be capable of tremendous impact in order to transcend from commodity space to premium dollar space. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, continues the discussion from the last one and moves the topic toward scaling and leveraging your expertise. Scaling and leveraging are two different things. Scaling a business means you are growing everything in it from the cost structure to revenue and turnover. Leveraging your practice means growing your top and bottom line without even impacting the cost structure. What We Can Scale Marketing: You can create an automated process to scale your marketing. Another way to do it is by sequencing in which you get to know your customer base and slowly move up from there. The final way to do it is with the help of replays in which a single content will be used to serve people in different ways. System: Repetitive tasks can be systematized. You can make it framework driven or create step-by-step processes which can run on a regular basis. Duplication: It’s about duplicating what you know. Put yourself in different places not literally but with the help of guides and trainers. Licensing: Teach people to do what you do so that you don’t have to do it yourself. What We Can Leverage Time: With limited number of hours in a day, you need to be able to utilize it effectively. Serve others in groups versus solo to maximize time usage. You can try remote training or use forums and communities to leverage your time. Products: Productize what you know. Record your gigs and package it in the form of videos, audios, series, PDFs, downloadables and put it out there. Groups: Gather people in one place and deliver your message to many at the same time. You can try seminars or webinars for it. Licensing: Get your time back by creating other instructors, teachers that do the job for you while following your frameworks and steps. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________ THE ENT

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks about the four different ways that you can share what you know to generate income. You are going to learn about the four primary business models and get an introduction about how you can scale and leverage it. Why this is important is because if you don’t get it right, you get tired, have no impact and there is no future with what it is you’ve got to work with. But when we get it right, you will feel a greater flow, you will be valued higher and it leads to better income. So, the things that you need to know are: What fits with you: How you want your life to be in this lifestyle business Create curriculum and process: Package your knowledge properly to be effective Scale vs leverage: How you leverage what you know versus scaling and growing everything together The Practice Spectrum This framework helps you decide on the type of practice that you can do. On one axis there’s ‘process’ and on the other it’s ‘intellectual property access’. 1 to 1: It is the hours for dollars model. You have a specific hourly rate and you swap your time for it. It has a limit to it when it comes to increasing your income as there are limited number of hours in a day. You have to think about moving up from here. 1 to Many: There are different ways you can do one to many like with seminars, speaking sessions, online video/audio. A lot of times it is in speaking sessions where you impact many people with a single content that you deliver. 1 to Few: It’s about giving more access to you. So you limit the number to small groups. It is higher priced as you give more access to your intellectual property, wisdom and knowledge. Many to Many: A higher level situation that you need to build up before trying. You can go many to many by licensing your process. Train other people about your results, procedures and frameworks so they can deliver for you. We will talk about Scaling and Leveraging a Practice in the next episode but to set the lay of the land, there are four primary ways of business models: (1) Time, (2) Product, (3) Hybrid and (4) License based. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneur

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, talks with personal development & executive coach, expert speaker & author, and supermom of five, Kim Ades on a number of topics including her coaching business and her journey. About Kim Ades Kim Ades, MBA is president and founder of Frame of Mind Coaching and JournalEngine Software. Author, speaker, entrepreneur, coach, and mother of 5, Kim is one of North America’s foremost experts on coaching high-prole executives by teaching them the principles of thought mastery. By using her unique process of coaching through journaling, she works with clients who are intelligent, driven, and ambitious and helps them examine and tweak their thinking in order to yield extraordinary results. What Kim Stands For Kim stands for helping people see themselves in a powerful light through the process of thought mastery. Key Takeaways No matter the industry and position, those people with high degree of emotional resilience are more likely to succeed. When thinking is aligned with goals, action naturally unfolds. We need to shift our thinking before shifting our behavior. The 3 habits that contributed to most of Kim’s success: Journaling Keep getting up (don’t give up) Continuously trying new things Biggest Hurdles That I could actually be the president of my own company – the idea that I didn’t need a sidekick or someone else to make that happen. Looking Into the Future We need to spend our time understanding the relationship between thoughts and outcomes and work towards an increased level of personal control and management. The Nightmare Gift The sale of her last business through a shotgun agreement. Interview Links JournalEngine Frame Of Mind Coaching Frame Of Mind Coaching Blog Dropbox Skype The Resource The Art of Possibility, Ben Zander The Doozy You are way smarter than you think. Focus on your niche market. __________________________ ABOUT MEL ABRAHAM Mel is the founder of BusinessBreakt

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, continues the journey of going from idea to thought leader as he digs deeper into the final two levels of the Thought Leader Framework which are Leverage Knowledge and Noticeable Distinction. Leverage Knowledge Building Content in Layers: It is about creating content in such a way that you have layers of information around it and you can continue to teach over and over again at different levels depending on the audience and time. You can build frameworks and models to bring a level of awareness and distinction. Repurposed: Repurposing is about working on something from the beginning and creating it in such a way that it can have multiple uses. Your ideas and information then can be used for speeches, training programs, mentorship, coaching, authoring and facilitating. You just have to build it right from the start. Consistency: Consistency is the key. You have to create and present your content using different mediums in a consistent basis. If you do it randomly, your followers might not stick around. But if you create it periodically on a regular basis making sure that it is relevant, it will build a momentum and you will gain followers. Noticeable Distinction Clear: Understand your customer and build a clear distinction in their minds. Get in their shoes, hearts and minds to know what they are feeling and thinking. Understand the solutions that you are looking for and make sure that they are clear on the fact that you have what they are lacking in. Valuable: Your solution to the problem must be valuable enough so that people are willing to pay for it. If they don’t see it as valuable, they will not buy it. So, make sure that your market sees it as valuable. Recognizable: What you do and create must be recognizable. The marketplace must know that it is coming from you and they must have a certain association with your content and products. __________________________ ABOUT MELABRAHAM Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses. Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms. Meet Mel at http://melabraham.com/ ____________________

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, has a conversation with Mitch Matthews who is an entrepreneur, international keynote speaker, online marketer and creator of the DREAM. THINK. DO. podcast. Mitch shares interesting stories and experiences from his life, and talks about the possibilities when you dream, think and do. About Mitch Matthews Mitch started out from a dream of owning a bike shop at the ripe age of 12. He realized his passion of being an entrepreneur after he was hired to work in a bike shop in his town at 13. So, he set out on a course to find out as much as he could about building businesses. His journey as an entrepreneur has sent him through different trajectories and he has been able to build multiple successful businesses. He is one of those entrepreneurs who gets success but he also understands the importance of giving back as his primary focus is having an impact in the lives of people. He takes his entrepreneurial understanding as a responsibility to make a difference. He is really out there to create community, build society and to allow people to live their dreams. What Mitch Stands For Mitch stands for dreaming, thinking and doing. Mitch believes that one of the reasons that he was put on this planet is to be a great husband and a great dad. They are his biggest priorities. He also believes that people are put on this planet to do not one but a theme of things. Key Takeaways The 3 habits that contributed to most of Mitch’s success: Prayer Relationships Working hard and learning fast. Biggest Hurdles He talks about money issues and how he grew up thinking money was something that it wasn’t. It got messed up for a while but now, he has a better relationship with money and it flows a lot easier as a result. Looking into the Future Launching dreams on a global scale. He talks about investing in our kids early on so that they have the opportunities and experiences to find out their passions. The Resource The Bible The Happiness Advantage, Shawn Achor The 4-Hour Workweek, Timothy Ferriss Drive, Daniel H. Pink Love Is the Killer App, Tim Sanders The Doozy To know that he will make through it; despite the dry business at times. Interview Links MitchMatthews.com