Building Your Money Machine

Learn how to build and protect your reputation, the importance of customer loyalty, managing perception and reality, controlling the message, and the importance of building trust through consistent actions and words.

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 ParadigmThis 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-sightedThere will be passive aggressive behaviorResponses will be emotionalThere will be no or very poor communicationThere will be overreactionA lot of assumptions will be there and people will directly jump into conclusionsOn the other hand, if you respond:Goals will be visionaryValues will drive the situationThe responses will come from a place of knowledgeCommunication will be highly connectedInstead of overreacting, you will focus on factsYour anticipation will help the response to be pre-thought outSo, 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 ABRAHAMMel 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, F

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, andThere is no or low cash flow.When you get it right, these key promises are fulfilled:You feel the flow,Your passion is monetized, andUltimately 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, andSet 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 FormulaPreparationPassion: 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 buyEvaluationPlan: 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.ExecutionFinancial 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 ABRAHAMMel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world

This podcast episode explores the concept of leveraging and scaling a Thoughtpreneur business. It discusses different models for growing a coaching or expert business based on the practice spectrum. The episode also emphasizes the importance of intentional choice and implementation when it comes to business models. Strategies for growing a coaching or expert business are also covered, including leveraging time, creating products, and transitioning to a hybrid coaching model.

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 ProfileThis framework is for grasping what manifests in the thoughts of the wealthy.InternalCreator: 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.ActivityPlay 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.FocusNet 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 ABRAHAMMel 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 gene

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 ABRAHAMMel 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 start

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 AchievementIf 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 GrowthThe 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.PerseveranceIt’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.PracticeIt'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 ABRAHAMMel 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 wil

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—BusinessTake 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—RelationshipTake 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 ABRAHAMMel is the foun

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 RitualWith 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.MorningCreative 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.EveningReview 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 ABRAHAMMel 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 c

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 MaximizerReflect: 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 ABRAHAMMel 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