Mel Feller Business and Coaching how to start a business


​​My Friend - Mel Feller Business Leader, Family Man, Father, Brother and Christian

 

Why? Why me? Why my family? What is the meaning of this suffering'

These are familiar questions which are asked by Christians and non-Christians alike. No one is immune to suffering and adversity. “Man is born unto trouble as the sparks fly upward” (Job 5:7, KJV). There are the pressures of want, need, sorrow, persecution, unpopularity, and loneliness. Some suffer for what they have done; others suffer because of what people do to them. Many suffer because they are victims of circumstances which they cannot control.   I write this because for the last year my friend, Mel Feller, has gone through things that I cannot understand.

He was in a very abuse marriage for 17 years, lost hundreds of thousands of dollars due to that same former spouse.  He was cheated on even while undergoing cancer surgery for two types of cancer until he was divorced.  He has suffered through 52 surgeries as middle-aged man and fought staph and strep infection for years after.  However, he has remained my friend and has taught me so very many life lessons that I can never complain again about life and being treated unfairly.

One thing about Mel Feller though, when he makes a mistake he will admit it and try to rectify it.  He has been a great and honest person and it has been my privilege to get to know him and call him my friend.

However, the reason I am writing this is to stand up, honor someone who loves what he does, and honor a person who loves God and feels blessed every day to be involved in the business that he is in! 

For my friend Mel Feller Business Leader is a rather coveted title. Most individuals in the world of entrepreneurship like the idea of only being seen as a business leader. However, for most people other than Mel Feller, establishing and leading a successful company is difficult; it calls for a diverse set of skills.  It screams for an undying passion for the business idea, significant management and communication abilities, the capacity to build an amazing team of employees, and a relentless desire to learn new things and gather knowledge. That is where Mel Feller is different!  It is a prerequisite for Mel Feller to always be on the leading edge of the learning curve and have an unwavering approach to client satisfaction.

Mel Feller, the Founder and CEO of Coaching For Success 360 is the consummate business leader. Mel Feller founded this world-leading coaching company in 1899. The Texas-Utah-based firm caters to the needs of more than thirty three thousand satisfied clients.

 

In addition to being a successful entrepreneur, Mel Feller is also the author of two well-known books, Multiple Secrets to Success: Connecting People to Profits ® and Creative Financing For Real Estate. Mel was always a thoughtful leader but today, he stands tall as a successful disruptor, author and speaker as well. Mel Feller has blazed his own trail and made an impact on a global scale by breaking the status-quo in a growing and energized industry. His astonishing career and motivational words have inspired hundreds of individuals from the United States and Canada as well as from around the world.

 

A Period of Exploration and Growth

 

The inception of Coaching For Success 360 was a result of Mel Feller’s struggle to find good information and networking for him and his family’s real estate and other business endeavors. Additionally, Mel left Utah and moved to Texas. That is where his company took off with the help of his two son–in-laws John Raymond and Jay Griffin.

 

 

Mel Feller a Visionary Leader with the Perfect Team

 

The coaching and mentoring services industry is a tough industry in which to stand out in. The right innovation at the right time is the key to success. Mel Feller has several family members with a background in education and business and that allowed Mel to understand the industry very early with John and Jay’s help. It gave Mel the vision to grasp the right opportunity. However, Mel recalls that finding the right team could be problematic initially, “My biggest challenge was getting that balance exactly right and finding those people that cared about the industry as much as I did, but more importantly knew how to share that knowledge.” When handpicking every team member, Mel Feller makes sure that the individual can help the company to stay authentic and true to its goals. Mel also emphasized on the desire within the individual employee to learn, to push boundaries, and to try new things. “Every time we interview and onboard a new team member, I make sure that they watch me out in the field. It is the focus of everything that I do as a leader and as an entrepreneur. Surrounding myself with people that also ask ‘Why?’ is essential for me,” he reveals.  Mel insists on knowing “why they want to work for him and why they care about someone else’s’ success”.

 

Mel Feller believes having trust in yourself and your people is one of the best qualities of a leader; it keeps the company growing, evolving and changing. Mel also recalls a brilliant support of his general manger, Lana that runs a tight ship to bestow the company with a team of best people. Mel Feller also advises other leaders to surround themselves with a team of capable people. The people who can ask themselves ‘Why?’ He believes it is the best gift that any leader can give to their team

 

Mel Feller an Architect of Change in Both Businesses of All Types and Various Types of Real Estate Investments

My name is Mel Feller and I am an architect of change. I stand alongside the board and executive of a company and assist as they chart their way forward. It is scary heading into the unknown, into the often-unchartered waters of change. I know how that feels. As an independent advisor, I see clients challenged by complexity as they struggle to develop and execute relevant strategy effectively. My contribution to their enquiry is the union of my experience as a chartered Business Influencer and Real Estate transaction Engineer with a deep interest in leadership behavior and how it influences results.

 

Mel Feller’s dynamic presence, instinctive strategic vision, and creative thinking produce effective, sustainable bottom-line results for his clients. His “Can Do” attitude generates confidence in his executive coaching clients and strategic consulting corporate clients. Throughout Mel Feller’s career, he has increased the profitability of nearly every organization with which he has worked.

 

Mel Feller has a unique ability to relate to his clients because he came from The United States Senate, where Mel was the Chief of Staff for a United States Senator and was always meeting with prominent business people or politicians.  His main love was dealing with constituents that were the grass root voters!  Since founding Coaching For Success 360 In 1989, he has effectively translated that experience into results for his clients. He focuses on separating daily distractions from the real issues in order to put the executive and/or business on the right path to grow and prosper. Results are immediate, growth sustainable, and profitability long-term.

 

Dozens of Mel Feller’s clients have been on Inc.’s 500/5000 list and many have been named as a “Best Places To Work.

Using Mel Feller’s intuitive, systematic approach, and our proven strategic and tactical tools, we help you plan for profit.

 

Mel Feller believes that what gets measured is improved. Therefore, he is continually developing processes and systems that allow you to easily measure, manage and maintain a highly profitable business.

 

Mel Feller is  ready to help you increase your sales, trim and manage your operating costs and see your profits soar and/or leverage your time for Business or Real Estate!

 

 

“Truth telling, honesty, and candor: I loved you Mel Feller! You have so much energy and knowledge! I truly hope I get another opportunity to be coached by you. I see myself a little clearer now, and it’s not so bad.”

Lisa Mathews

 

“Mel Feller you added more value than we can possibly see right now. Mel Feller, you are warm, inviting, and accommodating. Thank you for coming alongside us in this transition!”

Vanessa Cavanaugh

“Mel Feller the best education session that we have attended in many years! Thank you so much — I am very excited to put everything you have taught us into practice!”

Michael Randolph

 

“Mr. Mel Feller, Thank you, thank you, thank you for giving a marvelous keynote at our Symposium! While we have not yet collected the official feedback, the unofficial feedback was that You Were a Hit! I heard nothing but compliments regarding your presentations. Thank you for making such a positive impact on our attendees! ”

Lyle Cunningham VP

 

"Mel Feller uses his humor, compassion, and direct nature to help bring out the best in me. Mel Feller is committed to helping me live...I mean, really live, life to its fullest."

Jose Rodriguez

 

Mel Feller Links

 

https://www.instagram.com/mel.feller 

 

https://ourmrmel.tumblr.com/  

 

https://www.pinterest.com/cfs360/ 

 

https://twitter.com/melfeller/following 

 

https://wordpress.com/page/melfellerinternetbusinessinnovations.wordpress.com 

 

https://dribbble.com/melfeller 

 

https://biggerpockets.com/forums/79/topics/49008-larry-goins-bootcamp 

 

https://txbusinessdb.com/p/mel-feller 

 

https://xindex.com/c/12031660488/mel-feller-financial-services-group-inc  

 

https://buzzfile.com/business/Coaching-For-Success-940-569-9260 

 

https://melfellerrealestateinnovations.wordpress.com 

 

https://myspace.com/mfcfs360  

 

https://goodreads.com/user/show/86266194-mel-feller 

 

https://mfcfs.contently.com 

 

https://alignable.com/wichita-falls-tx/coaching-for-success-360 

 

https://quora.com/profile/Mel-Feller 

 

https://about.me/melfeller  

 

https://independent.academia.edu/MelFeller 

 

https://medium.com/@mfcfs360 

 

https://melfellerentrepreneurialideas.wordpress.com 

 

https://about.me/melfeller 

 

https://thecoachingoffice.com 

 

https://quora.com/profile/Mel-Feller 

 

https://linkedin.com/pulse/reflections-journaling-mel-feller-mel-feller 

 

https://creonline.com/finally-my-first-deal 

 

https://etrainingguide.com 

 

https://reitips.com/open-letter  

 

https://thecoachingoffice.com/testimonials.html 

 

https://fortunebuilders.com/student-success-old/testimonials/page/9 

 

https://agrandpaslove.blogspot.com 

 

https://plus.google.com/u/0 

 

https://youtube.com/channel/UCk_zDXJgadnWwmab0PhaIkQ/videos 

 

https://linkedin.com/in/mel-feller 

 

https://challengesinlife.com 

 

https://melfellersuccessstories.com 

 

https://melfeller.com 

 

https://melfellerbusinessblog.com



Mel Feller a Real Estate Professional Coach and Mentor by Mel Feller-Coach-Mentor-Business Coach

 

Mel Feller is the consummate salesman.  In fact, he has been selling most of his life.  At the age of 10, Mel Feller’s dad credited with the sale of his family’s home, after he sold a family on the reasons that they and their kids would love the house.

Mel Feller is passionate about the needs and goals of his clients, and he specializes in creative real estate buying and selling strategies.  Better yet Mel Feller feels that there are always ways to create a win/win. 

 

Mel Feller has written real estate books and published articles using over 100 ways to creatively finance properties.

 

Mel Feller found professional success at a high level, selling his first million dollars in cumulative sales within the first 6 months in the business and obtaining more than 7 times the sales average agent in 1976 earning him a spot in the country’s 1% of all the rookie agents.

 

Mel Feller has made a high-level commitment to his real estate education, having mentored and coached by several of the most highly acclaimed real estate coaches in the industry.

 

MEL FELLER

 

Mel Feller is a certified executive coach and consultant for leaders who need to achieve significant personal and organizational results.

 

One of Mel Feller’s expertise, insights and engaging style helps his clients gain wisdom and clarity, which result in:

 

Executives who lead more effectively

Teams that seek to communicate and collaborate, and

Organizations that are aligned with business strategy

 

Mel Feller has over three decades of coaching and consulting experience in diverse industries, which provides a rich framework for his organizational insights and creative solutions. I brings a thoughtful approach to his work, carefully integrating both my coaching and consulting skills and abilities. When consulting, my focus is on “what you are doing” (i.e., goal setting, problem solving, taking action and achieving results). When coaching, my focus is on “who you are being” (i.e., how you are leading, aligning your values and tapping your gifts). As a client, they become more consciously aware of how paying attention to – and balancing both – are critically important to their success.

When you combine Mel Feller’s keen insights and engaging style with his in-depth skills, technical certifications and broad industry experience, the result is a uniquely qualified executive coach and organizational consultant.

So... what kind of coach are you?"

I get this question a lot. Moreover, the answer is… I am a Life Coach, Executive Coach, Career Coach, and Business Coach. I coach teens, business executives, authors, artists, entrepreneurs, retired seniors, busy moms and entire organizations.

 

“Truth telling, honesty, and candor: I loved you Mel Feller! You have so much energy and knowledge! I truly hope I get another opportunity to be coached by you. I see myself a little clearer now, and it’s not so bad.”

Lisa Mathews

 

“Mel Feller you added more value than we can possibly see right now. Mel Feller, you are warm, inviting, and accommodating. Thank you for coming alongside us in this transition!”

Vanessa Cavanaugh

“Mel Feller the best education session that we have attended in many years! Thank you so much — I am very excited to put everything you have taught us into practice!”

Michael Randolph

 

“Mr. Mel Feller, Thank you, thank you, thank you for giving a marvelous keynote at our Symposium! While we have not yet collected the official feedback, the unofficial feedback was that You Were a Hit! I heard nothing but compliments regarding your presentations. Thank you for making such a positive impact on our attendees! ”

Lyle Cunningham VP

 

"Mel Feller uses his humor, compassion, and direct nature to help bring out the best in me. Mel Feller is committed to helping me live...I mean, really live, life to its fullest."

Jose Rodriguez

 

Mel Feller Links

 

https://www.instagram.com/mel.feller 

 

https://ourmrmel.tumblr.com/  

 

https://www.pinterest.com/cfs360/ 

 

https://twitter.com/melfeller/following 

 

https://wordpress.com/page/melfellerinternetbusinessinnovations.wordpress.com 

 

https://dribbble.com/melfeller 

 

https://biggerpockets.com/forums/79/topics/49008-larry-goins-bootcamp 

 

https://txbusinessdb.com/p/mel-feller 

 

https://xindex.com/c/12031660488/mel-feller-financial-services-group-inc  

 

https://buzzfile.com/business/Coaching-For-Success-940-569-9260 

 

https://melfellerrealestateinnovations.wordpress.com 

 

https://myspace.com/mfcfs360  

 

https://goodreads.com/user/show/86266194-mel-feller 

 

https://mfcfs.contently.com 

 

https://alignable.com/wichita-falls-tx/coaching-for-success-360 

 

https://quora.com/profile/Mel-Feller 

 

https://about.me/melfeller  

 

https://independent.academia.edu/MelFeller 

 

https://medium.com/@mfcfs360 

 

https://melfellerentrepreneurialideas.wordpress.com 

 

https://about.me/melfeller 

 

https://thecoachingoffice.com 

 

https://quora.com/profile/Mel-Feller 

 

https://linkedin.com/pulse/reflections-journaling-mel-feller-mel-feller 

 

https://creonline.com/finally-my-first-deal 

 

https://etrainingguide.com 

 

https://reitips.com/open-letter  

 

https://thecoachingoffice.com/testimonials.html 

 

https://fortunebuilders.com/student-success-old/testimonials/page/9 

 

https://agrandpaslove.blogspot.com 

 

https://plus.google.com/u/0 

 

https://youtube.com/channel/UCk_zDXJgadnWwmab0PhaIkQ/videos 

 

https://linkedin.com/in/mel-feller 

 

https://challengesinlife.com 

 

https://melfellersuccessstories.com 

 

https://melfeller.com 

 

https://melfellerbusinessblog.com




Mel Feller Personal Development Coach, Real Estate Expert and Business Mentor

Like you, leadership expert and business author Mel Feller has seen the word leadership defined numerous ways over the years. Is it charisma and positive thinking? Pinstripes and red power ties? Decisiveness? Is it all about the situation? Is it meant only for the elite who rise to the top? Or, is there a different story?

With over three decades of executive coaching, speaking, and most importantly, real-life, in-the-trenches business experience, his view is radically different.  Mel Feller appreciates, and shares with listeners, that leadership is a moment-to-moment choice and not about title, tenure or position. Leadership is for everyone, every day. It is how we should live our life.

 

Mel Feller sometimes referred to as the “Provocateur” for his ability to stir up a group or as the “People Whisperer” for his coaching skill that brings out the best in people, is known for his practical, street-savvy style; Mel Feller's fusion of real-life stories and his conversational techniques connect with his audience at an intimate, intense and individual level.

 

Mel Feller has served as a senior consultant and Founder with the U.S. based Coaching For Success 360 Company for several years. He is a Certified Master Facilitator, and continues to work with the best and brightest in the leadership development field. 

The author of the bestselling, Real Estate Innovations: Ways To Invest In Real-estate and People has been shared with folks from around the globe. 

 

His successes include: AT&T, Qwest, Sony, Sun Microsystems, The Cheesecake Factory, The Gap, and numerous U.S. city, state and federal agencies to name a few.

 

Prior to his leadership efforts, Mel Feller, a business and political scientist by education and passion, was a former Chief of Staff for a United States Senator. He has served on the board of advisors for a successful Internet start-up company and various other community boards and associations. 



THE TOP TWELVE THINGS TO DO WHEN STARTING A BUSINESS

1. Evaluate yourself.

Why do you want to start a business? Use this question to guide what kind of business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it's time to leave your 9-to-5 job and start something new.

Once you have the reason, start asking yourself even more questions to help you figure out the type of business you should start, and if you have what it takes.

What skills do you have?

Where does your passion lie?

Where is your area of expertise?

How much can you afford to spend, knowing that most businesses fail?

How much capital do you need?

What sort of lifestyle do you want to live?

Are you even ready to be an entrepreneur?

Be brutally honest with your answers.

 

2. Think of a business idea.

Do you already have a killer business idea? If so, congratulations, you can proceed to the next section. If not, there are a ton of ways to start brainstorming for a good idea. Start by breaking down potential business ideas. Here are a few pointers:

Ask yourself what is next. What technology or advancement is coming soon, and how will that change the business landscape as we know it? Can you get ahead of the curve?

Fix something that bugs you. People would rather have less of a bad thing than more of a good thing. If your business can fix a problem for your customers, they will thank you for it.

Apply your skills to an entirely new field. Many businesses and industries do things one-way because that is the way they've always been done. In those cases, a fresh set of eyes from a new perspective can make all the difference.

Use the better, cheaper, faster approach. Do you have a business idea that is not completely new? If so, think about the current offerings and focus on how you can create something better, cheaper or faster.

Also, go out and meet people and ask them questions, seek advice from other entrepreneurs, research ideas online or use whatever method makes the most sense to you.


3. Do market research.

Is anyone else already doing what you want to start doing? If not, is there a good reason why?

Start researching your potential rivals or partners within the market by using this guide. It breaks down the objectives you need to complete with your research and the methods you can use to do just that. For example, you can conduct interviews by telephone or face to face. You can also offer surveys or questionnaires that ask questions like “What factors do you consider when purchasing this product or service?” and “What areas would you suggest for improvement?”

Just as importantly, it explains three of the most common mistakes people make when starting their market research, which are:

Using only secondary research.

Using only online resources.

Surveying only the people you know.

Related: How to Start a Business Online

 

4. Get feedback.

Let people interact with your product or service and see what their take is on it. A fresh set of eyes can help point out a problem you might have missed. Moreover, these people will become your first brand advocates, especially if you listen to their input and they like the product.

One of the easiest ways to utilize feedback is to focus on “The Lean Startup” approach (read more about it here), but it involves three basic pillars: prototyping, experimenting and pivoting. By pushing out a product, getting feedback and then adapting before you push out the next product, you can constantly improve and make sure you stay relevant.


Just realize that some of that advice, solicited or not, will be good. Some of it will not be. That is why you should have a plan on how to receive feedback.

Here are six steps for handling feedback:

Stop! Your brain will probably be in an excited state when receiving feedback and it might start racing to bad conclusions. Slow down and take the time to consider carefully what you have just heard.

Start by saying ‘thank you.’ People who give you negative feedback won't expect you to thank them for it, but doing so will probably make them respect you and encourage them to continue be honest in the future.

Look for the grain of truth. If someone does not like one idea, it does not mean they hate everything you have just said. Remember that these people are trying to help, and they might just be pointing out a smaller problem or solution that you should look into further.

Seek out the patterns. If you keep hearing the same comments, then it is time to start sitting up and taking notice.

Listen with curiosity. Be willing to enter a conversation where the customer is in control.

Ask questions. Figure out why someone liked or did not like something. How could you make it better? What would be a better solution?

In addition, one way to help you get through negative feedback is to create a "wall of love," where you can post all of the positive messages you have received. Not only will this wall of love inspire you, but also you can use these messages later when you begin selling your product or service. Positive reviews online and word-of-mouth testimonials can help make a big difference.

 

5. Make it official.

Get all of the legal aspects out of the way early. That way, you do not have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something, you never saw coming. A quick checklist of things to shore up might include:

Business structure (LLC, corporation or a partnership, to name a few.)

Business name

Register your business

Federal tax ID

State tax ID

Permits (more on permits here)

License

Necessary bank account

Trademarks, copyrights or patents

While some things you can do on your own, it is best to consult with a lawyer when starting out, so you can make sure you have covered everything that you need.

 

6. Write your business plan.

A business plan is a written description of how your business will evolve from when it starts to the finish product.

As angel investor and tech-company founder Tim Berry wrote on Entrepreneur, "You can probably cover everything you need to convey in 20 to 30 pages of text plus another 10 pages of appendices for monthly projections, management resumes and other details. If you've got a plan that's more than 40 pages long, you're probably not summarizing very well."

Here is what we suggest should be in your business plan:

Title page. Start with name the name of your business, which is harder than it sounds. This article can help you avoid common mistakes when picking.

Executive summary. This is a high-level summary of what the plan includes, often touching on the company description, the problem the business is solving, the solution and why now. (Here is what you should include in the summary and how you can make it appeal to investors.)

Business description. What kind of business do you want to start? What does your industry look like? What will it look like in the future?

Market strategies. What is your target market, and how can you best sell to that market?

Competitive analysis. What are the strengths and weakness of your competitors? How will you beat them?

Design and development plan. What is your product or service and how will it develop? Then, create a budget for that product or service.

Operations and management plan. How does the business function on a daily basis?

Finance factors. Where is the money coming from? When? How? What sort of projections should you create and what should you take into consideration?

For each question, you can spend between one to three pages. Keep in mind, the business plan is a living, breathing document and as time goes on and your business matures, you will be updating it.

 

7. Finance your business.

There are a ton of different ways to get the resources you need to start your business. Take a look and consider your own resources, circumstances and life state to figure out which one works best for you.

Fund your startup yourself. Bootstrapping your business might take longer, but the good part is that you control your own destiny (and equity).

Pitch your needs to friends and family. It can be hard to separate business from personal relationships, but if you are considering asking for a loan, here is a resource you can use to make it as straightforward as possible.

Request a small-business grant. Start by checking out our guide to small-business grants. Then, head over to Grants.gov, which is a searchable, online directory of more than 1,000 federal grant programs. It might be a long process, but it does not cost you any equity.

Start a crowdfunding campaign online. Sometimes power is in numbers, and a bunch of small investments can add up to something major. If you think your business might be a fit for something like Kickstarter or Indiegogo, you should read up on 10 of the best-crowdfunded businesses ever or check out the most popular crowdfunding websites.

Apply to local angel investor groups. Online platforms such as Gust and Angel List and local networking can help you find potential investors who relate to your industry and passion.

Solicit venture capital investors. VCs typically look for big opportunities from proven teams that need a million dollars or more, so you should have some traction before approaching them.

Join a startup incubator or accelerator. These companies are designed to help new or startup businesses get to the next level. Most provide free resources, including office facilities and consulting, along with networking opportunities and pitch events. Some also provide seed funding as well.

Negotiate an advance from a strategic partner or customer. If someone wants your product or service bad enough to pay for it, there is a chance they'll want it bad enough to fund it, too. Variations on this theme include early licensing or white-labeling agreements.

Trade equity or services for startup help. For example, you could support a computer system for office tenants in exchange free office space. You might not be paid for this, but you will not have to pay for an office, either, and a penny saved is a penny earned.

Seek a bank loan or line of credit. Here are 10 questions you should ask before applying for a bank loan, including whether you will qualify. If you do meet the requirements, a good place to start for loan opportunities is the Small Business Administration.

 

8. Develop your product or service.

After all the work you have put into starting your business, it is going to feel awesome to actually see your idea come to life. Nevertheless, keep in mind; it takes a village to create a product. If you want to make an app and you are not an engineer, you will need to reach out to a technical person. Alternatively, if you need to mass-produce an item, you will have to team up with a manufacturer.

Here is a seven-step checklist -- including finding a manufacturer and pricing strategies -- you can use for your own product development. A major point the article highlights is that when you are actually constructing the product, you should focus on two things: simplicity and quality. Your best option is not necessarily to make the cheapest product, even if it lowers manufacturing cost. In addition, you need to make sure the product can grab someone’s attention quickly.

 

When you are ready to do product development and outsource some of the tasks make sure you:

Retain control of your product and learn constantly. If you leave the development up to someone else or an another firm without supervising, you might not get the thing you envisioned.

When you are ready to do product development and outsource some of the tasks make sure you:

Retain control of your product and learn constantly. If you leave the development up to someone else or another firm without supervising, you might not get the thing you envisioned.

Implement checks and balances to reduce your risk. If you only hire one freelance engineer, there is a chance that no one will be able to check his or her work. If you go the freelance route, use multiple engineers so you do not have to just take someone at their word.

Hire specialists, not generalists. Get people who are awesome at the exact thing you want, not a jack-of-all-trades type.

Do not put all your eggs in one basket. Make sure you do not lose all of your progress if one freelancer leaves or if a contract falls through.

Manage product development to save money. Rates can vary for engineers depending on their specialties, so make sure you are not paying an overqualified engineer when you could get the same end result for a much lower price.

To help you have peace of mind, start learning as much as you can about the production, so you can improve the process and your hiring decisions as time goes along.

This process will be very different for service-focused entrepreneurs, but no less important. You have several skills that people are willing to pay you for right now, but those skills can be hard to quantify. How can you establish yourself and your abilities? You might consider creating a portfolio of your work -- create a website to show your artwork if you’re an artist, writing if you’re a writer or design if you’re a designer.

Also, make sure you have the necessary certificates or educational requirements, so that when someone inquires about your service, you are ready to jump at a good opportunity.

 

9. Start building your team.

To scale your business, you are going to need to hand off responsibilities to other people. You need a team.

Whether you need a partner, employee or freelancer, these three tips can help you find a good fit:

State your goals clearly. Make sure everyone understands the vision and their role within that mission at the very start.

Follow hiring protocols. When starting the hiring process you need to take a lot of things into consideration, from screening people to asking the right questions and having the proper forms. Here is a more in-depth guide to help you.

Establish a strong company culture.  What makes a great culture?  What are some of the building blocks? You can see our list of 10 examples of companies with great cultures, but keep in mind that you don't need to have Google's crazy office space to instill a positive atmosphere. That is because a great culture is more about respecting and empowering employees through multiple channels, including training and mentorship, than it is about decor or ping-pong tables. In fact, office benefits can turn out to be more like traps than real benefits.

 

10. Find a location.

This could mean an office or a store. Your priorities will differ depending on need, but here are 10 basic things to consider:

Style of operation. Make sure your location is consistent with your particular style and image.

Demographics. Start by considering who your customers are. How important is their proximity to your location? If you are a retail store that relies on the local community, this is vital. For other business models, it might not be.

Foot traffic. If you need people to come into your store, make sure that store is easy to find. Remember: even the best retail areas have dead spots.

Accessibility and parking. Is your building accessible? Do not give customers a reason to go somewhere else because they do not know where to park.

Competition. Sometimes having competitors nearby is a good thing. Other times, it is not. You have done the market research, so you know which is best for your business.

Proximity to other businesses and services. This is more than just about foot traffic. Look at how nearby businesses can enrich the quality of your business as a workplace, too.

Image and history of the site. What does this address state about your business? Have other businesses failed there? Does the location reflect the image you want to project?

Ordinances. Depending on your business, these could help or hinder you. For example, if you're starting a daycare center, ordinances that state no one can build a liquor store nearby might add a level of safety for you. Just make sure you are not the one trying to build the liquor store.

The building’s infrastructure. Especially if you are looking at an older building or if you are starting an online business, make sure the space can support your high-tech needs. If you are getting serious about a building, you might want to hire an engineer to check out the state of the place to get an objective evaluation.

Rent, utilities and other costs. Rent is the biggest facilities expense, but check out the utilities, as well, and whether they are included in the lease or not. You do not want to start out with one price and find out it is going to be later.

Once you know what to look for and it is time to start searching for a place that fits all of your qualifications, these four tips can help.

Think on your own timeframe. Landlords are starting to offer shorter-term office rentals. Do not get stuck in a long-term lease if it does not make sense for your business.

Play the whole field. There are all sorts of places to use -- co-working spaces, office business centers, sublets and more. Keep your options open.

Click around town. You might be able to find the perfect place by using online resources.

Do the deal on your terms. Again, you have options. Do not get roped into something that makes you uncomfortable.

After you have a location, you can focus on the aesthetic. You can check out a few design ideas here.

 

11. Start getting some sales.

No matter your product or industry, your business's future is going to depend on revenue and sales. Steve Jobs knew this -- it's why, when he was starting Apple, he spent day after day calling investors from his garage.

There are a ton of different sales strategies and techniques you can employ, but here are four tenets to live by:

Listen. "When you listen to your clients/customers, you find out what they want and need, and how to make that happen,” says investor and entrepreneur John Rampton.

Ask for a commitment, but do not be pushy about it. You cannot be too shy to ask for a next step or to close a sale, but you also cannot make customers feel as though you're forcing them into a sale.

Don't be afraid of hearing "no." As former door-to-door sales clerk (and now co-founder of software business Pipedrive) Timo Rein said, "Most people are too polite. They let you make your pitch even if they have no interest in buying. And that’s a problem of its own. Time is your most important resource."

Make it a priority, “Actually creating revenue, and running a profitable business, is a good strategy for business. Where are we that people think users or visits or time on site is the proxy to a successful business?”

However, how do you actually make those sales? Start by identifying targets who want your product or service. Find early adopters of your business, grow your customer base or put out ads to find people who fit your business. Then, figure out the right sales funnel or strategy that can convert these leads into revenue.

 

12. Grow your business.

There are a million different ways to grow. You could acquire another business, start targeting a new market, and expand your offerings and more. However, no growth plan will matter if you don't have the two key attributes that all growing companies have in common.

First, they have a plan to market themselves. They use social media effectively through organic, influencer or paid campaigns. They have an email list and know how to use it. They understand exactly who they need to target -- either online or off -- with their marketing campaigns.


Then, once they have a new customer, they understand how to retain them. You have probably heard many people state that the easiest customer to sell to is the one you already have. Your existing customers have already signed up for your email list, added their credit card information to your website and tested what you have to offer. In doing so, they are starting a relationship with you and your brand. Help them feel as good about that relationship as possible.

Start by utilizing these strategies, which include investing in your customer service and getting personal, but realize your work will never be done. You will constantly be competing for these customers in the marketplace, and you can never simply rest on your laurels. Keep researching the market, hiring good people and making a superior product and you will be on your way to building the empire you always dreamed about.







REAL ESTATE INVESTING


One of the greatest things about real estate investing, no doubt, is the immense diversity. The world of real estate investing is so varied that any real estate investor can find something to suit his/her taste and needs. Nevertheless, in all this real estate diversity, all investors look for the same thing: to make money and the more money the better. Thus, in an effort to help all real estate investors – current and future – out there, let us take a look at the most profitable types of real estate investments:



1. Traditional rentals

Undoubtedly, one of the most profitable types of real estate investments is also the first real estate investing strategy that comes to the mind of any investor or regular person: long term rentals, also called traditional rentals. Buying and owning an investment property for the purpose of renting out this real estate property in the long term can make money – a lot of money, to be precise. There are two basic venues in which a rental property can make money for the real estate investor and landlord. First of all, you collect a monthly rent from your tenant, which works as the rental income. This means that with this type of real estate investment properties you make money on regular basis. It is important to choose the type of your income property and its location carefully in order to maximize your rental income. Thus, you should perform an investment property analysis to see what rental income, cap rate, and CoC return you can expect.

 
Second, once you decide it’s time to sell this real estate property in order to buy another, bigger rental or to replace it with two income properties, you will make money from the real estate appreciation. Though virtually every real estate property is bound to see appreciation in value over time, you should attempt to buy your investment properties in a location that is expected to undergo significant growth and improvements in the near and medium term because these are the real estate properties that will experience the most appreciation in the long term.

2. Airbnb rentals

The second investing strategy in the list of the most profitable types of real estate investments properties are short term rentals, also known as Airbnb rentals. Although Airbnb is a relatively new concept in the real estate investing business, an Airbnb income property has a very high potential to make money for its real estate investor and landlord. No wonder the Airbnb rental strategy has undergone such significant growth in recent years. When you buy your investment properties, you as a self-respecting investor should use a rental property calculator for the investment property analysis to get the most important profitability figures. If you decide to opt for Airbnb rentals, make sure to check out the local legislation related to short-term rentals. Under pressure from the hotel industry lobby, many states and cities have been tightening their Airbnb rentals regulations. Nonetheless, if you choose the best rentals location, Airbnb can be one of the most profitable types of real estate investments, frequently offering higher return on investment than the traditional rental strategy.

3. Fix-and-flips

Another top choice among the most profitable types of real estate investments are fix-and-flips. This real estate investment strategy is especially good – or even the best investing option – for real estate investors looking for opportunities to make money fast. However, fix-and-flips require an investor to have expert-level real estate knowledge and some serious work over the course of a few months. In addition to finding a real estate property with high potential, you have to go for the easiest and cheapest fixes to implement which will bring about the highest increase in value. This requires both real estate knowledge and creativity. Finally, you have to market the fixed real estate property well to make money in the best possible way when you sell it. Although putting efforts to fix your properties is needed in this investment strategy, if done correctly, fix-and-flips will make money for the investor almost immediately. That is why they are one of the most favorite types of real estate investments for investors looking for quick profit.

4. Commercial real estate investing

The most profitable types of real estate investments are not limited to residential investment properties only. Commercial real estate investing can yield high return on investment too. Usually you can get much better rental income from commercial real estate for rent than the rental income from residential real estate rentals because your tenant will be a business rather than an individual. Moreover, you are less likely to encounter problems with your tenant as a landlord with a business because a business will put efforts into keeping your investment property in a good shape to attract and retain its own clients. In addition, companies rarely fail to pay the rent on regular basis as they want to make sure they keep their location.

5. Real estate wholesaling

The final top choice among the most profitable types of real estate investments is real estate wholesaling. This real estate investment strategy is very similar to fix-and-flips and can be applied to both residential and commercial real estate properties. The idea is simple: a real estate investor makes a contract with a property seller and then assigns the contract to a property buyer. The trick is to have the buying price significantly higher than the selling price because that’s what you make money from. The best part about real estate wholesaling is that it requires only minimal financing – to cover your operational expenses – as you as a real estate investor don’t need to actually buy the property, i.e., you don’t need to pay for it. Similar to fix-and-flips, that’s a great way to make money in the short term with real estate properties.


As a new or experienced real estate investor, you are undoubtedly looking for the most profitable types of real estate investments, right? After all, your ultimate goal in real estate investing is to make money. With the list above of the best types of real estate investments to make money in the short term as well as in the long term, you are guaranteed to succeed in your real estate investment business. For the best advice on the road to becoming a successful real estate investor. Moreover, remember to come back to us when you are ready to start investing in real estate properties to check how profitable (rental income, cap rate, CoC return a particular investment property.




How to Buy or Sell a Business?

 You have decided to buy or sell a business, now what will you do? It is always good to know your options before buying or selling a business. Here are some of the routes you might take:

 
Market Research Before Selling or Buying a Business

When there are thousands of businesses for sale on the market, market research might be time consuming. If you have not done so, check out these articles from SBA (Small Business Administration) about buying a business, and these articles about selling a business.

Buy or Sell a Business via a Local Business Broker

There are advantages and disadvantages of hiring a local broker to buy or sell a business. Many brokers will only charge if they sell your business. Some brokers offer a list of businesses for sale and it is always great to see what is available in the market and get an idea of the price range for related businesses.

I would always recommend getting a consultation from a local broker first.

 

Buy or Sell a Franchise Business

If you have the cash to invest and if you are not experienced in business, I would highly recommend starting with a franchise. Most of the franchise businesses comes with a great business plan and forecasting. When you need help, the company does everything to help you succeed. Owning a franchise comes with many advantages.

If you are planning to buy a franchise, here is a great site about franchise opportunities. They have bunch of information about franchises and a great directory of franchise business listings. Also take a close look at Top 500 Franchises by year at www.entrepreneur.com .

 

Best Places to Advertise your Business for Sale:

Sell a business at www.BusinessMart.com

List your business at local classifieds sites such as www.Craigslist.com

If it is an online business, you might also try SitePoint Marketplace.

It is always good to get a word out there when you decide to sell your business. Your competitors might be interested in buying it, and it might be an indirect way to let them know. Business brokers also may contact your competitors to let them know about your business.

Www.BusinessMart.com has become the fastest growing business for sale search engine, helping buyers and sellers of small businesses and franchises. BusinessMart.com has many resources to help you on your journey to start your own business, sell your existing business or open a franchise.

I would also recommend spending some serious time on BusinessMart.com if you are buying or selling a business.




How to Get Government Grants?

US Government offers hundreds of billions of dollars cash every year as grants. Many think these grants are for only small businesses, but government offers grants for a wide range of purposes including small business grants. So the government offers this free cash, and the question is “How to get government grants“?

If you have a business consultant working for you, and if you have not discussed this topic, you should do it now, because government offers these grants to any type of small businesses. It does not matter how profitable your company is, you might use some free extra cash to buy your own facility, right?

However, if you do not have a small business consultant, or cannot afford one, do not worry. Applying for government grants is not that hard. Here is a step by step guide:

How To Get Government Grants Guide

1 Visit www.Grants.gov and read all the information available.

2 Visit Catalog of Federal Domestic Assistance Government Grants Search Page and visit all the categories until you find the most appropriate category for your needs. You can also visit Grants.gov search page and search grants by keyword.

3 Preparing the government grant application is the most important part. You can get great information at Grants.gov or on other sites, but remember many applicants fail due to the mistakes on their application. There are many affordable informational products out there to guide you on the application process step by step (some of them include live chat and/or phone assistance from experienced grant writers).

4 Keep track of the New Opportunities Page at Grants.gov. It is updated daily, some fascinating grants become available, and if you visit this page, you will be one of the first people to learn about it.

5 When filling out the application, be very honest, explain your goals in detail, and do not exaggerate your situation, because many people do. Here is the online application system for applying to government grants.

That is the steps you need to take for the answer of “how to get government grants” question. Now, sit back and relax, and hopefully you will have the next government funded success story.


I know I have had several!!! starting a business





The Six Steps Of Buying Tax Liens

 
Mind Due Diligence: As I already alluded to, tax liens represent a high risk and high reward opportunity for those willing to take them on. Done correctly, tax liens can serve as a great investment vehicle, but I place a strong emphasis on correctly. As a result, it’s in your best interest to mind due diligence and learn everything you can about the process of tax lien investing. Leave no stone unturned; learn everything you can about the tax lien auction process, potential risks, rewards, how money is made, where to look, what your responsibilities as a lien hold will be, and, perhaps even more importantly, what will be expected of you in specific municipalities. The idea here is to know the ins and outs of the entire process. Do nothing; I reiterate do nothing, until you are confident you know how to proceed.

 
Find A Lien To Purchase: Tax liens are public record and are made available to those that know where to look for them. More importantly, tax liens are issued in the form of certificates, each of which are auctioned off. As a result, you’ll be able to find tax lien certificates at local auctions, not unlike a foreclosure auction. The highest bidder at an auction can therefore, purchase tax lien certificates. These certificates can rage anywhere from a few hundred dollars to significantly higher amounts, so be prepared. It is not common for tax lien auctions to take place online or in person, so talk to your local government to identify where the best place is to find a tax lien auction in your area.


Submit A Winning Bid On a Property That Meets Your Criteria: It is not nearly enough to bid on any certificates that come your way. Smart investors need to bid on tax lien certificates that make sense for their particular exit strategy. In other words, investors need to know the property in order to confirm whether they will be able to make money by acquiring the tax lien. A dilapidated property located in the heart of a slum neighborhood is probably not a good buy, regardless of the interest rate that is promised, because the property owner may be completely unable or unwilling to pay the tax that is owed,” notes www.Investopedia.com. Only once you are certain the lien is a good investment should you bid.

Pay The Amount Of The Lien In Full: In the event an investor submits a winning bid, they will be required to pay the amount of the lien in full, immediately. In doing so, the investor assumes ownership over the tax lien certificate.

Set Up A Repayment Schedule With The Owner: As the legal owner of the tax lien, the homeowner is now required to pay the investor the entire amount of the lean, plus interest. Interest rates will vary dramatically from state to state, but will typically reside somewhere in the neighborhood of 5% to 36%. Most investors will have the homeowner pay off the lien in installments, ranging from six months to three years. Investors that strike an agreement with the homeowner stand to collect installment payments until an agreed amount is paid in full.

Foreclose On The Property: While rare, homeowners that fail to pay the investor by a specified deadline run the risk of the investor actually foreclosing on the property, just as the municipality would have if they still held the tax lien certificate.







 

 




Mel Feller