Episode 242: MIND Yoā€™ Money with Mel Abraham
In this episode I’m joined by my good friend, and returning guest to the podcast, Mel Abraham, to discuss something that no one seems to be talking about. You’re going to hear why being a successful entrepreneur means so much more than just making money! This is a longer episode, but one that really is required listening for anyone in business.
Are you ready to create your Business by Design this year? Be the first in line when the program opens by joining the waiting list at https://www.businessbydesigntraining.net/!
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I want to invite you to help contribute to this podcast by submitting a question for the Listener Question of the Week edition of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode!
In the episode you’ll hear:
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My own past money issues that I’ve worked through and how I did it
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What we should be looking for instead of just more money
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The common mistakes Mel sees entrepreneurs making when it comes to their money mindsets
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A way to reframe how we view taxes and the investments we make in our business
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What the “Profit First” system is all about
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How fixed and variable costs differ and the importance of knowing this
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What amount we should be putting away for the future and a good profit margin goal to aim for
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Why someone being an “overnight success” is a myth
LINKS:
Mel’s Website, Podcast & Instagram
His first and second appearance on this podcast
Profit First by Mike Michalowicz
The Millionaire Fastlane by MJ DeMarco
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