My experiences have been my greatest teacher though all were preceded by learning from someone already successful at what I currently wanted to do. I hate the idea of "making my own mistakes" when I could just as easily learn from someone else's. Even still, there have been many spectacular failures along with the successes.
Sometimes you will be ready to receive success, other times you won't. There may still be a lesson you must learn to be worthy of the success you seek.
The Laundry List of Companies in my past:
-Equinox International (health supplies)
-Amway (roped into a meeting at Denny's only)
-Excel Communications (phone services)
-Quest International (financial training)
-EXE Series (internet marketing explained)
-Networth USA (real estate training)
-Direct Matches (business networking)
It may seem like I jump from company to company and in hindsight I did. Also, my powers of perception were weak enough to make me susceptible to some scams (12 daily pro being the most glaring). But I regret none of it because you have to be open or nothing happens in your life.
So, over the 9 years of blood, sweat and tears what have I learned you ask? Too many things to tell you in this short article but I will give you the keys so you can avoid my mistakes.
1. Do some due diligence. Don't beat a dead horse so you never have to make a decision. But search "company name scam" or "company name reviews" in your favorite engine. If 1 or 2 bad things or even a few hundred no big deal. If millions, watch out. Also, talk to others already in the company to get there take.
Immediately read the policies and procedures of those companies you are interested in. You want to see if there are any red flags (ongoing recruiting, minimum 4 sales per month, etc.) that can allow the company to steal the check you've built. Then make the best decision for you based on the info you have.
Once you decide (quickly but not without relevant info) stand fast to it, resolve never to quit, and GET INTO ACTION.
2. Find a mentor. Go as high up your upline as you need to in locating someone who is achieving the success you desire. This has been my largest realization though it seems obvious. Then make sure to follow AND apply their advice.
3. Find a mastermind group. This can be as easy as getting on your company or team's training calls. Every good company should provide written, audio, and video training. Or find a couple of people above your level of achievement to exchange ideas with. In person is best, but teleconference will do. Put the ideas into action immediately.
4. Map out where you want to be in 6 months and 1 year from today. As humans our brains are goal-seeking units. Give yourself a target to aim for so you'll at least know you hit or missed and what to do from there. Be specific with money goals, size of your team, number of leaders you will develop, and skills you will learn.
5. Break down the global list into small, consistent action steps you will take everyday. This will keep you focused (my past nemesis to success) and allow you to know and see how you are going to accomplish them. Huge goals are beyond our understanding and never get done. Many small, simple steps added up allow us to reach those big goals.
6. Have a basic understanding of your compensation plan. You don't have to know every detail but enough to know what pays you. Different comp plans are better suited to different personality types. Type in "4 personality types" in your favorite search for more info on what you are and the comp plan that best allows your success.
7. Now that you know what activities pay you, suck out those that don't and spend a higher percentage of your time on those that do. Successful people I have seen spend 80-90% of their WORKING time (play is also important) on money retrieving activity.
8. Know that setbacks will come. The universe will send you tests and challenges. Weather them, stay in the game and focused on your goals, and ride them out.
9. Review and revise along the way. Go to the end of your goals and work backward to figure out what must happen to achieve them. At the end of each month look at what happened and adjust your actions if you are not achieving your written goals.
10. Enjoy the journey and commit to learning along the way. That is what being a leader is all about. Lead from the front and by example and have fun while doing it. You will meet great people along the way so combine high tech with high touch.
These are the main things experience has taught me. You must have some kind of marketing system that generates leads for you. The big boys in the industry use the internet so do what they do.
Remember, you are building your cash flow long-term so don't think it's a sprint. Resolve to have a marathoner's spirit.
The greatest thing about home businesses is that you put out tremendous effort today and the rewards come back to you over and over and over again. There are some scams but the industry is strong and if you ever want financial independence this is the cheapest, best, easiest way to do it.
Traditional businesses and franchises cost hundreds of thousands to start. Most home businesses are less than $1000 to start.
So get up off your butt and start taking the action that will allow you to achieve all the dreams you have for your life. Become your own personal genie and grant yourself unlimited wishes.
Work At Home Biz
That last one is not only an interesting question, but it's one that really no one can possibly have an answer to.
Just in the weeks prior to this article being written two of the World's largest corporations, General Motors Corporation, and Ford Motor Company, had their credit ratings downgraded to junk bond status by the industry's credit and investment rating services such as Standard & Poor's and Fitch Ratings. And of course many people will remember Chrysler Corporation's brush with near bankruptcy in the 1980s.
It is only coincidence that two of the largest automakers were in the news when I wrote this article, but certainly many corporate giants in numerous industries have faced tough times, including Kmart, Sears, and most of the major airlines.
Excel Communications became one of the most successful companies in the home business industry, and in American business history, only to later end in bankruptcy due to corporate greed and mismanagement.
Despite examples like those above it is certainly not all doom and gloom. In fact, with the exception of Excel and some of the airlines, such as TWA, every one of the companies mentioned above is still in business.
I started with the examples above to illustrate that no company is immune from ups and downs, regardless of how large or how well established. But that certainly doesn't mean that you can't stack the odds in your favor when considering home business opportunities. In fact, some of the criteria that you can use to make your evaluation are incredibly simple. But many people still choose to ignore good advice when it comes to making such decisions.
We could go into more detailed considerations of such things as company management, the lineup of products and services, etc. (all important factors). However, not only can it be difficult to judge such things, but even those and many other factors aren't as important as the test of time.
Simply choosing a company that has been around for a while (with “a while” being a minimum of 2 to 3 years and preferably 5 or more) will automatically stack the odds in your favor as opposed to people who choose to go with risky startups and pre-launches.
Most “new” businesses fail, and that's a fact that is now so well documented that it might as well be cast in stone. And, again, we're not just talking about the home business industry. It's a statistic that applies to businesses of almost every type. However, once a business is no longer, “new,” after it has proven that it can survive beyond those first critical months and years, its chances for continued success simply continue to increase over time.
There can be no assurance that even a company that has been around for a long time won't experience bumps in the road, or even major problems, but history clearly shows that the longer the company has been in business, the longer they are likely to be able to continue to survive and be successful.
Of course, there are some who enjoy the potential rewards, and substantially much higher risks, associated with new companies. However, in reality, most people who become involved with such companies only do so because they aren't aware of the statistics regarding business success and failure. And then also many people become so wrapped up in the hype, emotion, and sometimes even greed (of promised skyrocketing profits due to being in on “the ground floor”) often associated with new companies that they throw all caution aside and jump in anyway.
You don't have to become as knowledgeable as a business analyst to boost your chances of success tremendously simply by following the one simple rule of picking a company that has been around for a while.
Can you or anyone else guarantee that any particular company will be around 5, 10, or 20 years from now? Absolutely not… Can you stack the odds in your favor and make it much more likely that your company will still be around 5, 10, or 20 years from now simply by avoiding startups and new companies? Absolutely the answer is yes!
Both Clint Evans & Phil Covington 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.
Clint Evans has sinced written about articles on various topics from Lead Generation, Business and Finance and Recreation and Sports. Clint Evans-mentor, leads and marketing coach. My system is: simple enough for a 10 year old, fast enough for you, effective like a lion on a 3-legged antelope.
Best Place For A Holiday This Aspen guide provides more information about the type of lodgings that a traveler can expect to find, the names of best hotels, condos and resorts in Aspen