Start,Run,Grow

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 Steve Jobs , the Apple co-founder once said , "You've got to find what you love. The only way to do great work is to love what you do. If you haven't found it yet, keep looking."  

Most people believe passion comes first.

Mel challenges conventional thinking by re-looking at following your effort rather than following your passion.

4 Key Points:

1. No one quits anything they're good at
2. Follow Your Passion' Can Be Disastrous
3.Follow Your "Expert" Effort
4. Everyone Loves Achievement 

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Anyone can design and launch a side hustle that generates income in the short-term with resources you already have at your disposal, and without taking on the risk of quitting your day job.

If you are an aspiring entrepreneur, small business owner or start up...this episode is for you!

Key Points:

1. A side hustle provides a form of a job freedom - that any one can attain.
2. Great side hustles start with asking the right questions + a bit of MATH
3. Price, Pitch and Promise
4. Side Hustle Shopping list
5. Do what works best in your side hustle, drop everything else

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Continuing the conversation of "SHOW ME THE MONEY.
If you are looking for startup capital...this episode if for you.  Mel Shares his insight on the most common methods of funding your startup with six key points: 

1. THE FRIENDS AND FAMILY PLAN 
2. BANKS AND CREDIT UNIONS 
3. SBA & USDA LOAN PROGRAMS
4. ANGEL INVESTORS 
5. VENTURE CAPITAL 
6. HOW TO DEALING WITH INVESTORS 

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Coming up with your best idea, figuring out what it will cost to create a business, drafting a business plan, and choosing the right legal structure are the basic building blocks of any successful small business. 

Here’s  the $64,000 question – where are you going to get the money to start your business?

Mel shares three ideas of where to find the money to fund your small business start.

1. Getting the money to realize your dream can only happen if you have a solid foundation in place. 

2. Avoid the Credit Card Trap House. 

3. Smart Credit Card Strategies to fund your business. 

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There’s no place like home. 

—Dorothy 

Working from home is an attractive option to many. By avoiding the overhead of an office, working from a place you enjoy, and chucking the rat race, working from home can indeed be great.

While your chances of small business success increase when you work from home because you have lower overhead expenses, there are still challenges when you work from home. 

Today Mel explores the promise and problems of the home-based business in 5 points:
1. MAKING THE DECISION 
2. Are You Ready to Be a Home-Based Entrepreneur?  (Survey) 
3. The Home Business Boom !
4. Pros and Cons 
5. Bette Nesmith 

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 The second sort of entrepreneur—is the individual who is more concerned with being his own boss than with starting a particular business.

There is a Freedom that comes with being a small business owner - theses are some of the great joys in life. It is no wonder that many people long to start their own business. When done right, it's a beautiful thing!

Here are six steps to take to find that great business idea for you.

1. Research, research, research, and then do some more research
2. Product or Service?
3. Know your skills and experience.
4. Consider all your options
5. Narrow your choices
6. It's Go Time - Start your engines

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When it comes to choosing a small business, there are two types of entrepreneurs.

• The first is the person who is in love with the idea of starting a very specific business. 
• The other potential small business person is someone who is also in love, not with a specific business but with the idea of being his or her own boss.  

Mel shares 4 key points on choosing the right business : 

1.  If you do what you love, will the Money follow?

2. Live with Passion

3. How to get inspired

4. Heads Up!

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In this Episode, Mel will discuss the traits required to start your own business and 5 ways to minimized your small business risk. 

1. Know you numbers
2. Do your homework
3. Incorporate
4. Insurance, Insurance, Insurance
5. Bring in help

Great small business work to reduce their risk as much as possible. They work at covering every angle so that the risk they take are calculated risk.

If you follow this plan, you will have enough information to reduce your risk as much as possible - which can increase the chances of your small business success.

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Becoming an entrepreneur is one of those life-altering events that will impact your life for years to come. There are no guarantees and there will be obstacles. But If you do it right, there is no telling how far you can go. 

In this episode, Mel discusses the fact that not everyone is cut out to be an entrepreneur. 

The question is not whether entrepreneurship is right for you but rather, are you right for entrepreneurship?

To help you decide, take the quiz shared in the podcast to help you evaluate your qualifications.

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Use these tips to trim your budget and improve your cash flow

1. Inspect your recurring costs

2. Ditch the landline

3. Assess your travel habits

4. Check out your Inventory

5. Reduce energy costs