TES 076 - How to Avoid Mistakes

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Manage episode 163121877 series 1281827
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

In this episode, #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham, teaches us how we can learn from our mistakes before we even make them. It is about getting it wrong to getting it right.

If we don’t get this right we have no clarity, no action and we get no results. But if we do it right then we will have clarity and purpose, our actions will be intentional and what ends up happening is we get great results. So, what you need to know is:

  • You need to be real about yourself and your capabilities.
  • Know your target and where you want to go.
  • What the worst case is so that you can mitigate it and grow.
The Antithesis Advantage

Using the framework, we are going to look at the worst case scenario, analyze our strengths and values so that we know where we stand and what we need to do. It is a quadrant model rated using value in the horizontal axis and strength in the vertical axis.

There are four quadrants in this model:

  1. Delegator: Low in both strength and value. Meaning that there is very little critical nature to it.
  2. Scholar: High on values and low in strength. This is when we need to study, work and learn. You can also get someone to help you out because it’s critical to the outcome.
  3. Overseer: Low on value and high on strength so you are going to let someone else do it and then you review it.
  4. Mastery: It’s high on both value and strength so this is where we need to be spending our time.

This framework can be used for any skill, goal or opportunity. You can list out the skills needed and then rate it on the basis of strength and value. You can then imagine the worst case and prepare an antithesis for it. In this way, you can plan the solution before the problem ever arises so that you raise the likelihood of success.

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ABOUT MEL ABRAHAM

Mel is the founder of BusinessBreakthrough Academy and Thoughtpreneur Academy where he helpsentrepreneurs bring their businesses to the world and build thelifestyle that they want. Mel is one the most sought afterentrepreneurial mentor and strategic thinkers of our time. Unlikemany other so called “business coaches”, Mel has lived everythinghe teaches and continues to do so. Mel has built, bought and soldnumerous multimillion-dollar businesses for himself as well as hisclients. As the author of The Entrepreneur’s Solution: The ModernMillionaire’s Path to More Profit, Fans & Freedom Entrepreneur,Mel’s strategies have helped build thousands of businesses and havegenerated hundreds of millions of dollars for his clients, rangingfrom large corporations to startups and small family-ownedbusinesses.

Mel is a true believer in theentrepreneurial way of life and says that this “new frontier” isthe paradigm that will shift society from simply existing to livinglife bigger, bolder and on their own terms.

Meet Mel at http://melabraham.com/

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THE ENTREPRENEUR'S SOLUTION

The Entrepreneur's Solution is aweekly entrepreneur, business, wealth and lifestyle show whereentrepreneur, speaker and author Mel Abraham reveals all ofhis business and entrepreneur building strategies. Mel is one ofour time's most sought after mentors and speakers that not onlyteaches but also lives what he teaches. Discover how to design,create and build your business so it gives you the life andlifestyle you want.

Subscribe to the freeentrepreneurial podcast here: http://melabraham.com/podcast

The Entrepreneur's Solution Blogon Tumblr: http://melabraham.com/blog

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95 episodes available. A new episode about every 10 days averaging 28 mins duration .