Melvin Feller MA Looks at Building Your Daily Plan for Wealth

Melvin Feller MA Looks at Building Your Daily Plan for Wealth

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.

Building Your Daily Plan for Wealth by Melvin Feller MA

Do you have a daily plan for building wealth? What I mean is having a set of activities if repeated often enough would create the lifestyle and life that you desire? Not trying to sell you anything but just to just to get you to think in a different fashion.

In other words, when we go through life we all are given with the same amount of time every day. So why do some people seem to be getting more done with that same time than others? Well here are three myths on why others are more successful.

Myth of More Resources — This one tops the discussion list every time on why other people are more successful. They point to family money, or infrastructure, or a huge company, etc. Well guess what. The people who have bootstrapped themselves to success did not have any of those. Too many wealthy people exist who have started with far less than you have or I have reached their goals. So do not think you have to have massive resources to achieve success.

Massive resources can in fact be a limiting factor. A large company is not a nimble one. The larger it grows the less able it is to take advantage of opportunities that require quickness and agility. Learn to maximize your advantages when you are small and leverage your way to being the size you want to be.

Building Your Daily Plan for Wealth by Melvin Feller MA

Myth of Who They Knew — Ahh deadly #2 on the list. They succeeded because of friends, connections from school, work, etc. I do not know those people so cannot be successful. Do you think they were born knowing those people? I can imagine them popping out at birth with a list of influential people already assigned to them. So if connections are what is stopping you from being a success, go get some.

Make a list of the top 50 people in your industry or field that you would like to meet. Find some information on them, where they are going to be speaking, recent articles they have written, interviews they have given, etc. Get an address or phone number. Write them a letter or give them a call. Do not give up after one letter. I will not go into the details on how to accomplish this, but remember we all make relationships every day. Do not let that stop you. Go build those relationships now.

Building Your Daily Plan for Wealth by Melvin Feller MA

Myth of Mindset — Actually, this is not a myth. Mindset is the single largest reason for people to fail. Our mindset limits us in a way that many people cannot understand. The only thing Roger Bannister changed when he broke the four-minute mile was the mindset that it was impossible. For many years, doctors had said it was impossible to run that fast. That it would kill someone who did it.

When the impossible becomes possible, barriers are removed and suddenly we can see ourselves accomplishing far more. If you currently run a business doing $100,000 a year, you do not have the systems or mindset in place to do $1,000,000. I once heard it said you could not solve today’s problems with the same thinking that created them. Well you cannot increase your business 10X with the same mindset you have today. Studying your mindset and the systems you have in place will give you a good idea on where you need to change to be able to hit that next level.

Building Your Daily Plan for Wealth by Melvin Feller MA

Challenge yourself to identify the areas in your business that would break down if it jumped 10X. How would you have to change? Your business? Once you lay out the roadblocks, you need a daily plan of attack to slowly break them down. To build your systems and resources to the point where you can do $1,000,000 a year. On the other hand $10,000,000. Develop a daily plan for meeting those goals. Actions that if repeated consistently will lead to an increase in wealth.

Focus on ones you do well and improve then 1% each month. Areas you do poorly on redesign them to be easier. The Japanese call this Kaizen. Small incremental improvement that over time add up to huge gains.

Therefore, take 30 minutes and brainstorm the systems in your business that prevent you from being successful. If you cannot identify them, look into finding a good business coach for help.

Melvin Feller MA Business Consultant, Business Owner, Entrepreneur, Melvin Feller Ministries and MBA Graduate Student Candidate

Melvin 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.