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What Are Business Skills

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I have fun playing Texas Hold 'Em with friends. Did you know that playing the game or watching shows like World Tour Of Poker can help you succeed in business? I didn't realize that while I was learning to play, I was gaining valuable business skills that have translated into money in my pocket. No, not by gambling money away. :) Let me show you what I mean. I learned four things from playing poker.



First, I learned how to make the best of the cards I was dealt. I learned when to play a hand, when to take risks, and when to throw the cards away and wait to act with better ones. This kind of discernment helps a business owner make sound decisions about working with assets and when to cut a project loose if it's not producing good results. I found that when starting your own business, you will invest 2 assets?your time and your money. Depending on where you start, you'll use one of these assets more than the other. A realistic understanding of which asset you're working from can help you make the most of what you've got.

The second lesson I learned from poker is that you've got to use a strategy to win. Good players spend years learning from each other and developing a strategy that's right for them. Their strategy is reliable and flexible enough to adapt to new situations. They learn something new from each game, and they actively look for the lessons when they lose a hand. They know how much they're willing to bet in an evening, and they aren't pushed off course by setbacks because their strategy takes the slow time into account.

The third lesson I learned is that while I must understand the cards I've got, I must watch my competition and adjust what I'm doing accordingly. If I have a solid straight in my hand, I still need to watch my fellow players because one of them might have a straight flush. If you only focus on your hand, you may end up broke in no time flat. Even if you've got an awesome product, don't fool yourself into thinking you've beaten your competition. In business, there are always going to be people who want to move into your market. People are actively creating new products and services, and yours could be left in the dust if you aren't paying attention. The difference here is that you may find that good strategies include partnering with your competitors and funding joint ventures. Unlike poker, you both can win.

The last and most important lesson I learned from playing poker is that risk isn't the four-letter word! Risk is a good thing if you have studied your competition and know you have a good hand. The reality of business is that you will have to do some things you've never done before or that make you feel nervous. This is a good thing because you become a better person once you push through your fear of taking a risk. I used to worry about what would happen if I lost a bet. I played to prevent losing instead of playing to win. There's a big difference between those things. Playing to win means putting yourself out there, letting people know you've got a good product or service. Playing so you won't lose usually results in you losing or barely breaking even because you can't do the very things that cause your business to sky rocket to the top.

In summary, I learned to use my assets well, implement a winning strategy, to respond to my competition, and to push past the fear of losing. Think about other activities you've done over the years. What skills did you learn? How can you use them to build your successful business?
What Are Business Skills
Having been involved in network marketing for a number of years, and having struggled at the beginning, I have sympathy for those that just can't quite get the results and momentum they see others getting.

We tend to get the ‘what's wrong with me?' syndrome. Well, there's nothing wrong with you. It's the system.

Whenever something isn't going according to plan, it's almost always the system. What do I mean? Well, let's take a look at a very common scenario:

John is taking a look at a network marketing opportunity. He takes into consideration how much money he is told he can make, and how much money the top income earner is making. He also thinks about how unsatisfied he is in his current job. This network marketing business allows him to dream big, and imagine a better lifestyle. He gets pumped up, and signs up.

His sponsor is calling him every day for the first few weeks, motivating him and telling him to just keep calling people and he's going to get a huge check!

Well, at about this point, many people start to get burnt out. Maybe it's after one month; maybe five. But at some point that initial energy that pushes people to keep calling friends and family, and talking to everyone they know…well eventually it fades and if there isn't a huge check to show for it, a new distributor understandably gets discouraged and doubt sets in.

However, this is not what people think about when they sign up. They sign up based on emotion, and also based on how much they like or get along with the person presenting.

Now from a business standpoint, how much sense does this make? You're making a business deal and signing a contract, and all you've taken into account is how much you like the person in front of you and whether or not they can get you pumped up?

For EVERYONE – whether you're new or a scarred veteran – it's time to re-evaluate everything. The majority of people in network marketing have never made more then $30,000 in one year and have never worked for themselves. They've always had someone managing their lives, and they're used to doing just enough to stay in their job.

How can this same person expect to, overnight; start making six figures, become a leader, create a schedule for themselves, and stop thinking like an employee? For most, they CAN'T.

What is your sponsor and your ‘upline' doing to build your:

Time Management Skills?

Money Management Skills?

People Management Skills?

Communication Skills? (in person and especially over the phone)

The skills you need to actually create a real downline?

The skills you need to TRAIN your downline?

Well, we haven't thought about this, have we? Take a look at your lives and the lives of people around you, and think about how most people rate in those skills above. Most people only know to work from 9-5, then party, eat and sleep until it's time to work again.

Most people live paycheck to paycheck. ‘Money Management' is a foreign term to them.

Most people are employees, and simply do the tasks they're assigned. People skills and communication skills are at an all time low with many people working in cubicles, watching three or four hours of TV every night, and not needing to interact with new people to get by.

And it's diminishing, with the internet and automation playing a larger role in life. People are taught many things in school, but we're not taught how to communicate effectively.

So, what did the presentation say about this absolutely necessary education? Nothing, probably. Well, it's time to either go to your upline and demand help in this area; because if they're making money, they are proficient in these skills. Or find another organization that will provide this.

Or, you could educate yourself now that you know what you need to learn. Either way, you're not going to just all a sudden increase your income TEN-FOLD just by talking to friends and family. Let's be real. You have to develop some very real and specific skills, and develop a very real and specific system for your business to run on.

Then, you can take that to the bank.
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About Author
Both Monica Willyard & Adel Refai are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Monica Willyard has sinced written about articles on various topics from Advertising Guide, Marketing and Women. Monica Willyard trains home business champions that go the distance. If you're interested in reading more about becoming a champion, visit
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