Mel Feller a Business Success Advisor and Mentor as well as a Texas and Utah Entrepreneur Mel Feller & Coaching For Success 360 a Texas-Utah Company Mel Feller, MPA, MHR with Offices in Texas and in Utah Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching See www.melfellersuccessstories.com and www.melfeller.com Entrepreneurialism is defined as starting new businesses, or getting involved with new ventures or ideas. An example of entrepreneurialism is starting new businesses and always being involved in investing in the latest ventures. Therefore, let us begin our insight into that of being an entrepreneur. Entrepreneurship is a French word meaning “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods. “ This may result an entirely new enterprise or may be part of revitalizing a mature organization in response to a perceived opportunity or possible gap in the market. The innovation piece of the process then means that there is always some level of creativity or new thinking, and not just a “me-too” approach or one that offers very little that is different.

1. Mel Feller a Business Success Advisor and Mentor as well as a Texas and Utah Entrepreneur
Mel Feller & Coaching For Success 360 a Texas-Utah Company
Mel Feller, MPA, MHR with Offices in Texas and in Utah
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
See www.melfellersuccessstories.com and www.melfeller.com
Entrepreneurialism is defined as starting new businesses, or getting involved with new
ventures or ideas. An example
of entrepreneurialism is starting new
businesses and always being involved in
investing in the latest ventures.
Therefore, let us begin our insight into
that of being an entrepreneur.
Entrepreneurship is a French word meaning “one who undertakes innovations, finance and
business acumen in an effort to transform innovations into economic goods. “ This may result
an entirely new enterprise or may be part of revitalizing a mature organization in response to a
perceived opportunity or possible gap in the market. The innovation piece of the process then
means that there is always some level of creativity or new thinking, and not just a “me-too”
approach or one that offers very little that is different.
Naturally, entrepreneurial activities can be substantially different depending on the type of
organization being started. Entrepreneurship ranges in scale from solo projects (even involving
the entrepreneur only part-time) to major undertakings creating many job opportunities. Small
entrepreneurial activities may involve establishing “trade” businesses (such as starting a
plumbing, carpentry, personal coaching or hairdressing business, for example). Larger or more
significant entrepreneurial activities could involve a new manufacturing process or a very new
technology offering, for example.
Smaller entrepreneurial businesses may need only limited financing to get them off the ground
or need only relatively minor loans to get them up and running. However, many “high value”
Mel Feller a Business Success Advisor and Mentor

2. entrepreneurial ventures seek venture capital or “angel funding” (seed money) in order to raise
capital to build the business or popularize the approach.
What traits do entrepreneurs have?
A definition of an “entrepreneur” (which also stresses the need for innovation) is as follows:
“An innovator who establishes a new business offering, new or existing products or services
for the reward of profit.” Entrepreneurs generally have strong beliefs about market
opportunities and willingly accept a high level of personal, professional and financial risk. An
entrepreneur possesses a variety of different characteristics that provide a skill set for achieving
success and a high level of reward.
According to many research studies of successful entrepreneurs, there are a number of traits
that are common to these individuals. A few of the most common traits, which emerge, are:
• Independence—the desire to be his or her own boss.
• Self-Discipline—the way these people trained or equipped themselves to meet certain
goals.
• Persistence—never showing discouragement, always thinking of new ways to approach
a problem and acting on ideas.
• Creativity —the ability to come up with clever or unusual but workable solutions.
• Hard Work—being capable of doing the work needed consistently and seeming to enjoy
it.
• Motivation—the mental and physical drive to succeed, to accomplish chosen tasks on
his or her own terms.
• Confidence—having a firm belief in his or her own capabilities and his or her chances of
success.
• Willingness to Take Risks—the readiness to sacrifice his or her own financial security, if
need be, in order to accomplish his or her goals (especially at the outset).
• Communication Skills—the ability to express him or herself well and to understand
others so that ideas can be shared.

3. Who can be an entrepreneur?
Becoming an entrepreneur is theoretically an option for everyone but many are reluctant to
make this choice. Let’s therefore explore the facts and the myths that exist about
entrepreneurship.
Research, conducted by the Warwick Business School in the UK, suggests that the average
entrepreneur or founder of a new enterprise is married (over 75% are), has children, and
worked for many years at a larger company or for someone else before branching out and
starting his or her own business.
Although it varies according to the type of entrepreneurial business, across all categories,
around 75% of entrepreneurs are men and 25% are women. However, those women who do
set up and run new enterprises have equivalent levels of success when compared to men.
Here are a few other statistics to consider:
• 65% of existing entrepreneurs have at least one child when they launch their first
business.
• Over 70% of entrepreneurs come from middle class backgrounds.
• 40% of entrepreneurs are first-born children.
• Over 60% of new entrepreneurs were the first ones in their family to launch a business.
• Less than half of the parents of entrepreneurs had a college or advanced degree.
• More than three-quarters of entrepreneurs worked for someone else for at least six
years before launching their business.
• 20% of successful entrepreneurs had engaged in some kind of entrepreneurial activity
in their youth or teenage years
• 70% of entrepreneurs use personal savings as a main source of funding for their first
business. Even in subsequent start-ups, more than half of the entrepreneurs rely on
their personal savings.
• Friends and family are a primary source of funding for around 10% of entrepreneurs.
• Bank loans are a primary source of funding for around 15% of entrepreneurs.

4. • Venture capital and private/angel investments clearly play a role in start-ups but only
for a few entrepreneurs. Only 10% receive venture capital, and 10% receive angel
financing.
Summary
An entrepreneurial lifestyle is not for everyone but if do you will need to have the
temperament for the task and be prepared to perform many roles and/or wear many hats. As
the statistics above indicate, there are a number of common characteristics of entrepreneurs
but none of these needs to be an inhibitor if an individual is truly committed to the cause and
has a good idea that they want to personally take to market.
Mel Feller a Texas /Utah Personal Development, Business, Real
Estate, Realtor Trainer, Branding, Business Funding and Finance
Coach. In addition, Mel Feller has served in a variety of
executive leadership roles for medium and large organizations,
including multiple Fortune 500’s. He is a charismatic leader who
has facilitated change and growth in all sized organizations,
including non-profit and Board development. Mel Feller has
successfully led organizations in the areas business
development, marketing, real estate and Realtors, sales, team
building, operations, and the like. Mel Feller is in Texas and is in
Utah with offices, staff and investments in both states.
Mel Feller is committed to serving. In the Texas / Utah
community, he chairs several organizations. Mel Feller volunteers his leadership at two
churches in a variety of ways, including serving on council, bible study facilitator, and more.
Mel Feller has been a featured speaker for career professional is groups, business leaders and
continuing education sessions, and aspiring business startups.
When he is not coaching, you can find Mel Feller reading, listening to podcasts, exercising,
fishing, or with his kids and grandkids exploring the greatness God has gifted us all.
Mel Feller a Texas /Utah Coach

5. Mel Feller states, “An effective coach is someone who tells you what you may not want to hear,
helps you navigate around your blind spots, and helps you identify opportunities…so that you
can be who you’ve always known you can be” Mel Feller
Mel Feller’s purpose is to add tremendous value to those business owners/entrepreneurs by
helping them reach their potential.
Mel Feller is an effective, charismatic and powerful speaker, corporate advisor, and best-selling
author. In 1998, Mel founded Coaching for Success 360 to help professionals worldwide design
subtle changes in their presentation, attitude and leadership style that increases their personal
and professional effectiveness and subsequently their financial status. This also includes both
real estate as an agent and/or investor. See www.melfeller.com and
www.melfellersuccessstories.com . Now with offices both in Texas and Utah.
As a business, executive, personal development, and real estate coach, I work with a wide
range of professionals and offer a highly personalized approach tailored to each individual in
concert with the organizational environment. In a supportive atmosphere, I work to build trust
and support the professional in the attainment of goals and measurable outcomes.
Mel Feller offers sessions, both in-person and virtual. We will start with an initial assessment
to clearly define your short and long-term goals, everything from communication skills to
personal acceptance. We will use these goals as a foundation to create a strategy and build the
path for attaining these objectives. Change is typically a major component of reaching goals
and sustainable change becomes more likely in a coaching partnership.