TES 008 - Find Your Distinction Through Your Strengths - a podcast by Mel Abraham

from 2015-01-27T15:19:50

:: ::

— Summary —


In this episode, we continue our discussion of the key decisions you need to make as an entrepreneur. Specifically in this episode we explore how to gain market distinction through your core strengths.


Of the three phases of business and product life framework, the first stage of the Think Up phase is the Decide stage and it comes before Idea. In this episode, we dive a bit deeper in the decisions you need to make as an entrepreneur.  We dig into the decide stage which relates to the concept of core strengths.


This concept of core strengths deals with three factors:



  1. What are your Abilities?

  2. What are your Interests?

  3. How to connect these with the Market Needs that you're going to serve?


If you look at these three as a circle or Venn diagram:


Description: TES Podcasts:008:Diagram2.png



  • The intersection between the abilities and the interests is where your passion lies.

  • The intersection between the abilities and the needs is where the solution lies.

  • The intersection between the needs and the interests is where your potential lies.

  • The intersection between the abilities, the interests and the needs is your core strengths.


You need to ask certain questions to step in and understand your abilities, interests and needs. Answer these questions and journal them to get an overview:


Questions to Understand Abilities



  • What are your current and prior work and volunteering experiences?

  • What skills and talents come out of those experiences?

  • What are your hobbies?

  • What kind of training do you have?

  • What kind of formal and informal education do you have?

  • Do you have a degree or do you attend seminars?

  • What types of skills do you quickly learn or what are you simply good at?


These things define and refine what your abilities are. You can ask about your abilities and skills to other people that know you or are close to you.


Questions to Understand Interests



  • When you think about what interests you, what is the first thing that comes to mind?

  • What do you read, shop for?

  • What TV shows/movies, music and audio that you prefer?

  • What do you do with your free time?

  • What are your favorite physical activities?

  • What is it that you always wanted to learn?

  • What are you curious about?

  • What intrigues you?

  • How do you define fun?

  • What's something that you've always wanted to do?

  • What training program do you want to go through?

  • If you day dream, what do you day dream about?


Market Needs: This defines the types of businesses that might fit with your abilities and interests. There are a number of types of business that exists. They are:



  • Advisory

  • Builder

  • Nurturer

  • Communicator

  • Entertainer

  • Investor/Owner

  • Organizer

  • Implementer/Administrator

  • Salesperson

  • Techno-Addict


When you look at these types, think about where and when your abilities and interests come to play. When you feed the needs of the marketplace with your unique abilities and interests, you create distinction which in-turn creates a level of strength and that is what we call Core Strength.



____________________


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 paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms.


Meet Mel at http://melabraham.com/


____________________


THE ENTREPRENEUR'S SOLUTION


The Entrepreneur's Solution is a weekly entrepreneur, business, wealth and lifestyle show where entrepreneur, speaker and author Mel Abraham reveals all of his business and entrepreneur building strategies. Mel is one of our time's most sought after mentors and speakers that not only teaches but also lives what he teaches. Discover how to design, create and build your business so it gives you the life and lifestyle you want.


Subscribe to the free entrepreneurial podcast here: http://melabraham.com/podcast


The Entrepreneur's Solution Blog on Tumblr: http://melabraham.tumblr.com/


____________________


SUBSCRIBE AND FOLLOW


Join Mel's FB Fans: https://www.facebook.com/melhabraham


Tweet Mel: http://twitter.com/MelHAb


Instagram: http://instagram.com/legacyentrepreneur


LinkedIn: http://www.linkedin.com/in/melhabraham 


Website: http://MelAbraham.com

Further episodes of The Affluent Entrepreneur Show

Further podcasts by Mel Abraham

Website of Mel Abraham