Building Your Money Machine

TES 038 - What Does It Mean to Be a Leader


Listen Later

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham shares what it means to be a leader, and the differences between effective and ineffective leadership. The job of a leader is not to manage, it's to lead and develop more leaders and in doing so, productivity and results become the by-product.

The Funnel of Leadership

According to this framework, the roles of a leader are as follows:

  • Enroll: To enroll qualified candidates into a vision, mission and purpose.
  • Engage: To get them to a point where they are truly engaged with what they do.
  • Empower: To empower them at a level where they feel they have meaning, importance and appreciation for the things they do.
  • Educate: To lead the people by educating them which allow them to grow their skills.
  • Elevate: To elevate them to a higher level in terms of value, meaning and purpose.

Effective vs. Ineffective Leadership

This funnel of leadership can be divided into two sides—effective and ineffective. The stuff on the ineffective side is coming out of the industrial age and the effective side belongs to the connection age.

We can see how they work out in each roles of a leader:

  • Enroll: If you fail at the fundamental level of enrolling people, you end up with no one. But if you get it right, you get qualified candidates.
  • Engage: Ineffective in engaging folks mean inconsistent results. But if they are engaged, they are going to have a consistent work ethic and attitude.
  • Empower: Getting this piece wrong will make people just checklist or task-driven. But getting it right means they are going to come up with ideas and be more innovative.
  • Educate: If we don't educate and facilitate growth, people are going to stagnate. But if you teach them skills, they will grow.
  • Elevate: If they don't believe they're elevating, they won't feel appreciated and will leave when there is a better alternative. Elevating them sees to it that they play a higher role.

__________________________

ABOUT MEL ABRAHAM

Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur’s Solution: The Modern Millionaire’s Path to More Profit, Fans & Freedom Entrepreneur, Mel’s strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses.

Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradi

...more
View all episodesView all episodes
Download on the App Store

Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

  • 5
  • 5
  • 5
  • 5
  • 5

5

236 ratings


More shows like Building Your Money Machine

View all
Progress Mode with Brendon Burchard by Brendon Burchard

Progress Mode with Brendon Burchard

3,616 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,599 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,646 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,266 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,092 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,020 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,655 Listeners

The Dr. Hyman Show by Dr. Mark Hyman

The Dr. Hyman Show

9,291 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,763 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,610 Listeners

JIM ROHN by JIM ROHN TALKS

JIM ROHN

371 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

21,008 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

958 Listeners

BigDeal by Codie Sanchez

BigDeal

949 Listeners

The David Ghiyam Podcast by David Ghiyam

The David Ghiyam Podcast

752 Listeners