Building Your Money Machine

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 navigat...

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 reso...

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 cu...

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 denote...

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...

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...

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. F...

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 t...

— 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...

— 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 sta...

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...

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, Reconn...

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, emoti...

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 liv...

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 t...

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...

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 havin...