Over the past few years I've watched people go into business for themselves and many times fail outright for no other reason than they didn't really know what to expect, and when reality hit, they got discouraged and quit. I've been in business for myself doing everything from selling insurance, owning a big rig truck, to owning a MLM business. It doesn't seem to matter what kind of business your talking about, the people who start them many times fail for the same reasons across the board.
I just wanted to write this post and give some advice to any new business owners who might be reading this.
I've got to say that the number 1 reason that I've seen people over and over fail in their own business is simply that they do not work as hard for themselves as they did for their boss. I have watched associates that were hard workers at a job become self employed and suddenly they show up at the office at noon then they leave at two for their childs ball game or something else that has come up. And although they are only working 2 hours a day they can't figure out why they can't seem to make a living. I've seen the same thing with hard driving truckers who will buy their own rig and suddenly they won't take this or that load because they don't like the miles or the don't like going to that location. Next thing you know they're out of business.
If you are going to be in business for yourself you have to realise that you are going to have to work for yourself at least as hard as you worked for somebody else all those years. You don't own your own business so that you can take things easier, you own you own business because of the freedom it provides. And because if you work hard at it the rewards are far greater than the pay from an employer.
The second most common reason I see people fail is that they have false expectations. When looking at a business, you see all the testimonials of people who made $15,000 their first week. Yes there are people who do really take off and make unbelievable money right off the bat, but they are the exception rather than the rule. Can you make $30,000 to $50,000 your first year? Sure, but that doesn't mean that you are going to be making $800-$1000 a week starting out.You are generally going to be making a small amount here and there , then as you get more experienced you start making more and in the case of residual income you basically give yourself a pay raise every time you do business. A little bit over and over ends up becoming a lot. The best thing you can do is find something that you can do part-time while still working full time on a job to make a living while you get started.
Third, and really the most important, don't quit. I'm not only talking about the business itself, but also the implementation of your ideas to further your business. Whatever you decide to try commit yourself to try it at least six times before you give up on it. Most things are not going to be successful the first time or maybe the first month you give it a try. Most people want to think about things for awhile before they make a descision. I've found that many times you will end up doing business maybe the forth of fifth time with people that you talked to the first time but they didn't decide at that time and if you had quit you would likely have not gotten that business because doing that particular action is where they knew to find you when they made their descision.
Also be careful of the people you hang with. There isn't much that is more catching than a negative attitude. Nobody wants to do business with someone who sounds down all the time. Be positive. Make it your goal that when you are talking to someone on the phone, you want to be the best phone call of their day.
When you come across information that can be discouraging, realize that where it may be true, there is always two sides to every coin. For instance, everywhere you look on the internet you see the statistic that 97% of the people who get started in an MLM business fail. This is a true statistic, but on the other side of the coin, 95% of the people who stick with it for 10 years are independently wealthy.
Basically, what you are going to find in working on a MLM business is that it is going to be 2-3 times as hard as you expected it to be. But if you stick it out, the rewards will be 10 times greater than you ever expected.
No comments:
Post a Comment