Online Genius Podcast

Today I’m talking with my friend Mel Abraham about how entrepreneurs should be handling their money. Unfortunately, this is an area where a lot of online business owners get in trouble, so I figured it was time to call in an expert for a frank discussion.  Mel was an accounting professional for years, and now he teaches people how to use their business to create financial independence in their lives. In this episode, he shares the basics of business finances and how his own personal health crisis inspired him to make financial education his focus. WHAT YOU’LL LEARN IN TODAY’S EPISODE: What caused Mel to pivot from accounting to online business and how it turned out The first product he created Why Mel didn’t go all in with his online business at first The 3 things you need to do to start your online business Preparation Evaluation Execution How hard work fits into the business equation Why turning your passion into a business changes your relationship with your passion Why you need a plan and a safety cu