Melvin Feller owns and is the founder/CEO of Melvin Feller Business group. He operates in Dallas Texas. A former sailor and proud supporter of our vets, Melvin now concentrates on business and his love of seeing people become successful in all areas of life. He is an avid Christian and knows all things are possible in Christ! He has been a domestic violence survivor in his marriage and divorce to Tina and more importantly a cancer survivor.
Melvin Feller MA Looks at the Strategic Importance of Business Plans
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Melvin Feller MA Looks at the Strategic Importance of Business Plans
Melvin Feller is known as “The Entrepreneur’s Mentor” because Melvin walks his talk.
Melvin Feller has been there and done that and more importantly, Melvin
Feller knows how to transfer the skill set for success. This is main
reason that he has been the sought after coach to hundreds of small
business owners, entrepreneurs, Realtors, Real estate investors and
service professional internationally. Melvin
Feller’s main talent is to show you how the step by step process to
build and enjoy a successful 6-figure plus business while having a
balanced life. Melvin Feller maintains an office in Texas.Melvin Feller is currently pursuing another graduate degree as an MBA. Importance of Business Plans by Melvin Feller MABusiness Plans Are More Essential than Ever
As the pace of competition has accelerated, product life cycles have shrunk.
It used to take 8 to 10 years to design and build a car.
Now it can be in less than a year and half.
Windows
of opportunity open and close with blinding speed; and customers, who
are constantly being wooed by the competition, are more demanding than
ever.
Some people will advise you that it is impossible to plan and thus business plans are irrelevant and a waste of time.
In
fact, in this era the exact opposite is true. It is now more important
than ever before to have a battle plan during what might, in retrospect,
be viewed as “peacetime.”
Planning
and preparation are required for your financial as well as your
company’s survival. No one is saying, “The world is more uncertain for
you now, so plans are no longer relevant.” The truth is that planning
and that planning skills are now most important and more vital than
ever. In this regard, businesses are no different from individuals.
Success
in this super competitive era depends on making very clear business
plans and statements.
Winners develop a vision of where they intend to
be going, and this blueprint will allow them the flexibility to respond
appropriately when the unexpected occurs… The basics of it all are that by not planning you limit your options and flexibility greatly. Importance of Business Plans by Melvin Feller MAWHAT IS DIFFERENT ABOUT Business planning now?
Good
business plans require different attributes. The networking revolution
created by the Web for business-to-business activities and
business-to-consumer products and services has offered new opportunities
but has created a very different business environment.
There are essentially only three central tenets that are a part of business plans: 1. A focus on speed in all of its manifestations 2. The integration of the Web into the core of what the company does 3. A focus on how the company adds value for its customers
THE IMPORTANCE OF PLANNING FOR SPEED
Planning
is the essential element in the competitive battleground, and speed is
the central weapon. Like all artillery, speed is an asset when a company
is able to employ it in building its own business; it is a liability
when an “armed” competitor is moving like lightning to undermine that
core business. In addition, whether it is being used for or against you,
the ever-present element that must be factored into your plans.
There
is a great need and reward for “Speed”. Planning for speed involves an
even broader view. To be successful you should take on the widest
possible focus on speed and create your businesses accordingly. Build
your plans with the following in mind:
• The speed with which you need to bring a product to market • The speed with which your competitors might introduce a competitive product • The speed required to improve existing products and bring enhancement (or future generations) of your t product to market • The speed with which the industry, because of the Internet, could potentially be transformed Importance of Business Plans by Melvin Feller MA
When
these factors are fully integrated into a business culture, they lead
to a clear way of determining the intensity at which to approach the
market:
1). Faster, better, cheaper. It’s getting repetitive, but if
a product is faster, better, or cheaper on the Web, companies need to
exploit it immediately
2).
Get your feet wet now so that you will be prepared to swim hard Very
soon. Even if your competitors are not there yet, start exploring what
the Net can do for your business
3.)
Planned evolution is vital. If you that have the capability to rapidly
evolve your products you will find it easier to stay ahead of your e
competition, and developing this capability must be a goal of yours in
itself.
4).
you cannot waste time being concerned about Cannibalization. Worry
about “cannibalization” (creating one product to replace another)
assumes that a company owns a market and has time to leave a product in
the marketplace until the company is ready to replace it with something
new. Smart planners realize that this is an outmoded way of thinking.
The new breed of winners in most industries assume that the competition
is right at their heels and any competitive advantage they have is
fleeting. As a result, they worry about hurting sales of an existing
product by bringing out a new one.
Be much more concerned with constantly driving to stay ahead of the competition. Some
brick-and-mortar companies have found it more difficult than others to
let go of the “old way” and are sometimes less nimble than newcomers
have. To survive, they will need to find ways of eliminating excess
baggage. Importance of Business Plans by Melvin Feller MA
You will be “Ahead of the game .” If
you recognize the need for online success and can establish your
operation, with an independent management style then you that can have
the freedom and resources to win in a today’s environment.
You will certainly be rewarded.
THE IMPORTANCE OF ADDING VALUE
Lastly,
a good business plan should also answer this question: “In the evolving
competitive arena, how does my product or service add value?” Focus on
this issue and act on your findings and you are most likely to develop
successful plans to which the customers remain loyal. This is certainly an integral most basic concept, which your Grandmother would have insisted on. Melvin Feller MA Business Consultant, Business Owner, Entrepreneur, Melvin Feller Ministries and MBA Graduate Student CandidateMelvin Feller MA is in Texas and in Oklahoma.
Melvin Feller founded Melvin Feller Business Group and Melvin Feller
Ministries in the 1970s to help individuals and organizations achieve
their specific Victory. Victory as defined by the individual or
organization are achieving strategic objectives, exceeding goals,
getting results or desired outcomes and a positive outreach with grace
and as a ministries. He has extensive experience assisting businesses
achieve top and bottom line results. He has broad practical experience
creating WINNERS in many organizations and industries. He has hands-on
experience in executive leadership, operations, logistics, sales,
program management, organizational development, training, and customer
service. He has coached teams to achieve results in strategic planning,
business development, organizational design, sales, and customer
response and business process improvement. He has prepared and presented
many workshops nationally and internationally.
According to Melvin Feller MA buying foreclosures is not as easy as most people think, and there is absolutely no one better way” to buy foreclosures. Melvin Feller is President of Melvin Feller Business Group in Oklahoma and Texas and a thirty-year veteran investing in foreclosure properties. He loves Texas Real Estate and Thinks Texas is must have part of any one’s wealth strategy! He has spent his entire professional life in business and real estate. The key to any “profitab l e purchase” is find a truly motivated seller. Someone who wants cash more than they want to keep their house or someone who wants to sell you their home more than you want to buy it. Once you have a motivated seller, you are more than half way to your goal of buying a house below market value. So, I’ll illustrate three ways to buy foreclosures. Which of these is the best? Well, again, it’s up to you to decide. I’ll just lay the basic foundation and then you can determine which option is the best...
Melvin Feller Shows Ways to Build Your Social Network. Melvin Feller is the managing partner and Founder of Melvin Feller Business Group. Founded over 30 years ago, it started as small business development group but has now expanded to a worldwide organization. They develop and do grant writing, business plans and start up business design from the ground up. They are especially involved in minority and veteran businesses and endeavors. They also offer life coaching. Melvin Feller Business Group currently has offices in Dallas and Oklahoma City. Melvin Feller is also an adjunct instructor on a plethora of subjects. One of Mel v in Feller’s favorite motto is: “I will always try my best at what I do. I am not perfect and I have made mistakes. I will always own my mistakes and not pass the buck. However, I refuse to be defined by last mistake. Life is to short not to stand back up and damn the torpedoes and learn from those mistakes.” This was instilled in my Navy Reserv...
Melvin Feller is an experienced entrepreneur and former executive, so he speaks from experience, as well as years of his own personal and professional development. Melvin Feller is also an online Business educator who loves to teach all aspects of business. Melvin Feller’s clients hire him for his depth of business knowledge to motivate, educate and inspire aspiring and current executive leaders to achieve a higher level of success, professionally and personally. Melvin Feller aligns leaders to the vision and future of the organization, supports them in the execution of key strategies and tactics to move initiatives forward and helps them build capabilities to transform culture. Melvin Feller deals with a lot of clients that are dealing with clutter. Therefore, they know that the clutter is an issue in their production and business. Now you might be asking, what is clutter and why should I care about it? Clutter is essentially anything you don't need, don...
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