Myths That Destroy Your Business & Steal Your Dreams - Mel Abraham

Mp3/transcript of this episode: www.melabraham,com/session003
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In this episode Highly Acclaimed business & Entrepreneur Expert, Mel Abraham shares the myths that can steal your dreams.

SUMMARY:

In this episode, we tackle the myths or the old world views of business which are completely gone due to the accelerating development in technology.

Here are some of the myths need to be put aside:

It takes money to make money.

There is some truth to this statement. But when compared to the industrial age, we don't need a large amount to start businesses.
Additionally, funding sources have also expanded. For instance, there's crowdfunding and angel funding that support your entrepreneurial ideas.

Business will consume my life.

There will be times when your business seems life-consuming. But remember, you cannot separate your work and life. Know that when you're building a business, you're building a life.

I need a good idea.
Ideas are actually dime a dozen. So we don't need a plethora of ideas, we need the discipline to execute it. Success is not the generation of ideas but the execution of ideas.

I need a business plan.

You don't need a business plan you need a optimal business model to create and deliver value in a holistic way.

You can't start a business in recessionary and depressionary time when there is economic uncertainty.
There are number of businesses like Microsoft, GE and FedEx that started during the recession and were successful. There will always be a need in the marketplace that should be served.

I don't have any experience
There's very little in the world that hasn't been done.
You can also get a mentor who can tell you right from wrong.

Most businesses fail.
Businesses fail due to a bad thought or belief process,bad execution or bad business models. So, when it comes to business failures; it is not the business that failed, it is the business owner that failed the business and the end result happens to be the business failing.

For the rest of the myths and ultimately the truths, read the full blog, watch the full video or listen to the full podcast.

Watch the video and get the mp3/transcript here: www.melabraham,com/session003
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ABOUT MEL ABRAHAM
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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/

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THE ENTREPRENEUR'S SOLUTION
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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: www.melabraham.com/podcast

The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/

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