Melvin Feller MA Looks at the Dos and Don’ts of a Business Startup

Melvin Feller MA Looks at the Dos and Don’ts of a Business Startup

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.

Here are some important overall considerations you need to think about before starting your business.

Business Startup by Melvin Feller

THE TOP TEN DO’S WHEN STARTING A BUSINESS

Live frugally and begin saving up money for starting your business.

Learn your intended business by working for someone else in the same business first.

Consider the benefits of starting a moonlight business.

Consider the advantages of operating a family business.

Objectively measure your skills and training against potential competition.

Consider subcontracting to low cost suppliers if you are manufacturing a product.

Test market your product or service before starting or expanding.

Make “for” and “against” lists describing the specific business you are considering.

Talk to lots of people in your intended business for advice.

Make a comparative analysis of all the opportunities you are considering.

Business Startup by Melvin Feller

THE TOP TEN DON’TS WHEN STARTING A BUSINESS

Think about leaving your job before you have completed start-up plans.

Consider starting a business in a field you do not enjoy.

Risk all the family assets. Limit your liabilities to a predetermined amount.

Compete with your employer in a moonlight business.

Hurry to select a business. There is no penalty for missed opportunities.

Select a business that is too high a risk or hurdle. Go for the two-foot hurdle.

Select a business in which you must have the lowest price to succeed.

Ignore the negative aspects of an intended business.

Permit self-confidence to outweigh careful diligence.

Allow the promise of a conceptual high reward deter reality testing first.

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.