Eileen Mendel: The Balanced Millionaire

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Alright everyone, welcome back to another episode of the Business Blast Podcast. I'm your host Tyler Wagner, and today I'd like to introduce you to our guest speaker, Eileen Mendel. Eileen is a business strategist, social media expert, life mastery consultant, motivational speaker, and author, and she hosts her own podcast, The Balanced Millionaire. So welcome to the show.

Thank you, Tyler Wagner Wagner.

Of course, grateful to have you here. Let's dive into the first one. The first one I got for you is what is the best story from your life that has an underlying valuable message?

I would say I had observed and I had actually gone on business trips with my dad. And my dad and my grandfather owned a business. Both of them were Holocaust survivors, and they started the business, a business, an entrepreneurial business in cattle dealing and farming from the ground up. They came from Germany, and they grew the business to a multi-million dollar business, and they did that organically But they also loved what they were doing, and they loved to help other people. So they were suppliers to just, you know, ordinary people who needed to have cattle or wanted to buy beef or lamb or goats or whatever, and my dad would arrange to get them the meat. Or they would want the actual animals such as horses and goats and lambs as pets. So I observed that behavior and I said, Dad, when things go wrong, like when his barn got on fire and he didn't, you know, he didn't have insurance at the time. I said, how do you deal with that? And he would always say, I shall prevail. And I remember that all the time. That no matter what goes wrong, you just keep on going. Because if you love what you do, and if you are helping other people and you get that satisfaction from the heart, that's what's very, very important.

And what is the most valuable piece of information we should know that's within your expertise or industry?

I would say that after having worked with multiple other consultants, who have been my mentors, and I've worked with many over the last few years, I always observe that because they, they try to teach general material and teach it en masse rather than hone down and customize the material to a smaller group, they never really get to know you that well. And so I've learned that in order for you to move ahead, you've got to really understand your client at a much deeper level. And otherwise, your client doesn't want to stick around because they're not making any progress. And there is no self— there's no satisfaction on the end of the teacher, the mentor, the coach, because I haven't done my best to support the client. So I think In order to grow your business, in my experience, you need to really get to know your client personally, professionally. You need to really understand them at a deeper level so that you can help them to scale their business. They can become a loyal client. They'll help you scale your business. So it works both ways.

And what is your best piece of overall business advice? It could tie in, just not necessarily industry specific.

Well, most people don't realize when they're starting up a business that you're going to hit a lot of rocky roads along the way. It's just, it just isn't easy, and there's a lot of discomfort. A lot of the clientele that I have now are at the stage where they've been doing everything themselves. There is a trust issue of hiring somebody full-time or or part-time to hand over some of the things that they don't do well so that they can focus on the things that they do well. So I would say the first few years in business are gonna be rough. That's when most businesses kind of give up. They don't think, you know, that they're gonna succeed. So they just give up right when they're at the cusp of succeeding. And instead of doing that, They need to stay focused on the bigger picture, make some adjustments along the way. Yes, it's painful. And, you know, they'll have to, you know, instead of making a right turn, they may have to make a left turn, but they need to keep going because they need to keep feeling the passion for what they're doing and knowing that in the end, it's all going to work out.

And if you could give your younger self one piece of advice, what would that be?

I would say believing more in myself and my self-worth and not allowing others to force me off track with their own ideas and using my own intuition and own gut feelings to move myself ahead. Whenever I As a younger person, you want to get advice from the outside, make sure you're doing the right things. But sometimes those don't jive. It doesn't match with your inside feeling like, no, I don't think that's the right way to go. So stick with your gut feeling, stick with your intuition, because that's usually right. So I didn't know that at the time. And now that I've learned that, even though I get some advice, you know, it may be good or bad, from other people, I always go with my intuition.

And in your opinion, what is the key to happiness?

I would say the key to happiness is to be in touch with that inner guidance system, the infinite, your infinite self. Because if you, as I said before, if you listen to your inner self, your inner guidance, It's always going to— it will never lead you astray. So you have to be in touch with yourself. Whether you— if there is— if you're going in a certain direction and you don't feel expanded, but you feel contracted, you have to stop there and think, what is it that I would love? What action do I need to take? What change in action do I need to do to make myself more— to feel better about it? So don't go in a direction, don't keep going in a direction that makes you feel emotionally contracted. Be very sensitive to what you're doing. And my mentor would always say, notice what you're noticing. If you're noticing dissatisfaction and hurt and pain, that means that you're not doing what you love. So step back, go inside and figure out what it is. Then what do you need to do to change that?

And what is the best book that you've read and what was the number one thing you learned from that?

Well, a book that always sticks in my mind is Simon Sinek's Start With Why, because I always ask myself that question. Not only do I ask myself, what would I love to be doing? I do that all the time, but I ask myself, Why? Why am I doing it? What is it getting me to the next step? Is it bringing me closer to my goals and my vision?

And what is your favorite quote and why?

My favorite quote is from Henry Ford, and he said, if you think you can or you think you can't, you are both right. And I find that all the time with my prospective clientele, when I'm having a strategy session with them and I tell them, you have a chance to build your business to 7 figures. And if they don't believe that in their inner self, they're going to not continue on. They're going to say, well, let me think about it, because they don't believe that they can do it. And so those are the people that I can't work with. Because they don't believe in themselves. You have to believe that you're capable and you have the potential to do what your dream is telling you to do, what you'd love to do, and you have to keep going for it and be your own champion. And so it could work either way. It could work either way. You either can or can't, but both are right.

And I love that quote too. Thank you so much for coming on. The last one I have for you before we let you go is where's the best place for people to find you online?

They can go to my website. It's www.thebalancedmillionaire.com.

Perfect. Thanks again for coming on.

You're welcome, Tyler Wagner.

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