MIND YOUR OWN BUSINESS
AND GET YOUR BUTS OUT OF THE WAY
If a person truly wants to become financially free, he must stop doing what the poor and the middle class are doing and imitate what the rich are doing, create ways for cash to flow outward and therefore assure that some of it will flow back to you in accordance to our plan, or stated differently, figuratively speaking print money. But first he has to be able to get hold of the right information. This is the design of The Team Vision, to get you there fast, with less restrictions, and to continue providing you with the right information to grow yourself and to grow your business for the long haul. Getting started with any type of business is always going to be stressful, but right now hundreds of thousands, even millions of people have found that a home based business using the internet is the way to go. Let’s step back and take a look at traditional businesses. Compare these with networking, so we can tie this all together. Now remember this, these are just comparisons, I am not making a suggestion one way or another. You be the judge! It is always smart to start a business part-time and keep your current job. Start slow, when starting out under certain circumstances. The list below is provided by "Robert Kiyosaki's Think it, Learn it, Do it Study material".
STARTING FROM SCRATCH OR BUILDING IT FROM THE GROUND FLOOR UP (Traditional Businesses):
1. Name your business
2. OPM (other people’s money) or acquiring a loan. Most of us don’t have the capital
to start our own business.
3. Find advisors or mentors. This is another short fall of most small business owners,
not finding help early enough to avoid the pitfalls awaiting you.
4. Selecting the business entity: corporation, LLC, sole proprietor.
5. Licensing, permits, tax ID
6. Pricing strategies for your product or service.
7. Find a banker.
8. Setting up policy and procedure guidelines.
9. Protecting your proprietary information (intellectual property).
10. Marketing strategies.
11. Write a business plan.
12. Acquire the right business, health, employee, life insurance plans.
13. Find a business location.
14. Find a good lawyer, and address the legal issues awaiting you.
15. Start a cash flow budget.
16. Set-up office procedures, office systems, book keeping, and accounting practices.
17. Hire your employees.
18. Announce Grand Opening date.
DON’T WANT TO BUILD FROM SCRATCH?
YOU CAN BUY AN ALREADY EXISTING BUSINESS:
PROS
1. Shorter start-up period.
2. The business already has its own name and goodwill (if not, you should not buy it).
3. With a little ingenuity, you should have a faster route to making a profit.
4. Lots of OPM (other people money).
5. Established systems in place.
6. Established customer base.
CONS
1. Existing ill will of the business.
2. You could be buying a lemon.
3. The seller could possibly become your competitor, and steal some of your customer
base.
4. Skeletons in the closet (example: a disgruntled ex-employee)
5. Unresolved personnel issues.
6. Are you paying too much, or what is the right price to pay?
ANOTHER WAY TO START YOUR OWN BUSINESS IS TO BUY A FRANCHISE,
AGAIN PART-TIME FIRST IF NEED BE:
PROS
1. Training systems in place for continuous automatic systems application.
2. Operations manual.
3. Specifications, quality standards, and blueprints.
4. Licensed trademark and recognition of brand.
5. Tried and true business system.
CONS
1. Expensive, absolutely.
2. Restrictive, as you must conform to the operations manual.
JOIN A NETWORK MARKETING COMPANY, ALSO KNOWN AS A PIPELINE,
OR PROSUMER COMPANY. THE ENTRY COST IS VERY LOW COMPARED
WITH THE TRADITIONAL COMPANIES ABOVE AND THERE ARE TRAINING
PROGRAMS TO HELP YOU SUCCEED.
PROS
1. Minimal start-up costs.
2. Continuous and detailed training modules.
3. On a continued basis, you could do this full or part-time.
4. Work from home 99% of the time.
5. You could be working with a national or international brand.
6. Build passive and residual income.
7. Develop communication and leadership skills.
8. Automated order-processing, distribution, and accounting systems prevent many of
the headaches associated with traditional start-ups.
9. Faster ROI if done properly then any other means for owning your own business.
(If you are in the right position in place and time).
CONS
1. Low entry fees also mean a person may not value it as they should.
2. Low entry fees and ease of entry also means faster failure rate.
3. Need self-discipline.
4. Need to deal with rejection.
5. The design and usage is for selling and not for getting rich.
6. Your greatest asset (TIME) becomes your biggest deficit.
7. Lack of awareness & knowledge.
By looking at the above list, you can see a few obvious areas of differences between the
entities. Networking is the Lowest start-up cost, fastest ROI (return on investment) or
CCR (cash on cash return), quickest start, less headaches, greater support. Each of the
other business entity types by their design are not built to bring in immediate cash flow,
networking is. However until networking changes some of its practices that are preventing
a higher success rate from taking place, it will continue to be a 95% failure rate.
Even though two of the cons for networking are self-discipline, and dealing with rejection,
they are not exclusive to networking. Networking is a people business where by rejection is
a common occurrence, and the discipline required will separate the winners from the losers.
This brings us to the second area of importance relating to the networking business. If a
person is to grow, that person must get their buts out of the way. Every time we as human
beings attempt a job, task, or obligation, and fall short of even our own expectations, we
quickly start the chorus line: yes but, yes but, yes but. This is man’s favorite pastime,
finding excuses for his shortcomings, because he creates them in his own mind. They are
also called excusitis (term used in networking).
Until we develop the right attitude to win at any endeavor or undertaking we enter into, we
will never win at anything.
THE BUTS STOP HERE!
Written by:
Doyle Davis
AND GET YOUR BUTS OUT OF THE WAY
If a person truly wants to become financially free, he must stop doing what the poor and the middle class are doing and imitate what the rich are doing, create ways for cash to flow outward and therefore assure that some of it will flow back to you in accordance to our plan, or stated differently, figuratively speaking print money. But first he has to be able to get hold of the right information. This is the design of The Team Vision, to get you there fast, with less restrictions, and to continue providing you with the right information to grow yourself and to grow your business for the long haul. Getting started with any type of business is always going to be stressful, but right now hundreds of thousands, even millions of people have found that a home based business using the internet is the way to go. Let’s step back and take a look at traditional businesses. Compare these with networking, so we can tie this all together. Now remember this, these are just comparisons, I am not making a suggestion one way or another. You be the judge! It is always smart to start a business part-time and keep your current job. Start slow, when starting out under certain circumstances. The list below is provided by "Robert Kiyosaki's Think it, Learn it, Do it Study material".
STARTING FROM SCRATCH OR BUILDING IT FROM THE GROUND FLOOR UP (Traditional Businesses):
1. Name your business
2. OPM (other people’s money) or acquiring a loan. Most of us don’t have the capital
to start our own business.
3. Find advisors or mentors. This is another short fall of most small business owners,
not finding help early enough to avoid the pitfalls awaiting you.
4. Selecting the business entity: corporation, LLC, sole proprietor.
5. Licensing, permits, tax ID
6. Pricing strategies for your product or service.
7. Find a banker.
8. Setting up policy and procedure guidelines.
9. Protecting your proprietary information (intellectual property).
10. Marketing strategies.
11. Write a business plan.
12. Acquire the right business, health, employee, life insurance plans.
13. Find a business location.
14. Find a good lawyer, and address the legal issues awaiting you.
15. Start a cash flow budget.
16. Set-up office procedures, office systems, book keeping, and accounting practices.
17. Hire your employees.
18. Announce Grand Opening date.
DON’T WANT TO BUILD FROM SCRATCH?
YOU CAN BUY AN ALREADY EXISTING BUSINESS:
PROS
1. Shorter start-up period.
2. The business already has its own name and goodwill (if not, you should not buy it).
3. With a little ingenuity, you should have a faster route to making a profit.
4. Lots of OPM (other people money).
5. Established systems in place.
6. Established customer base.
CONS
1. Existing ill will of the business.
2. You could be buying a lemon.
3. The seller could possibly become your competitor, and steal some of your customer
base.
4. Skeletons in the closet (example: a disgruntled ex-employee)
5. Unresolved personnel issues.
6. Are you paying too much, or what is the right price to pay?
ANOTHER WAY TO START YOUR OWN BUSINESS IS TO BUY A FRANCHISE,
AGAIN PART-TIME FIRST IF NEED BE:
PROS
1. Training systems in place for continuous automatic systems application.
2. Operations manual.
3. Specifications, quality standards, and blueprints.
4. Licensed trademark and recognition of brand.
5. Tried and true business system.
CONS
1. Expensive, absolutely.
2. Restrictive, as you must conform to the operations manual.
JOIN A NETWORK MARKETING COMPANY, ALSO KNOWN AS A PIPELINE,
OR PROSUMER COMPANY. THE ENTRY COST IS VERY LOW COMPARED
WITH THE TRADITIONAL COMPANIES ABOVE AND THERE ARE TRAINING
PROGRAMS TO HELP YOU SUCCEED.
PROS
1. Minimal start-up costs.
2. Continuous and detailed training modules.
3. On a continued basis, you could do this full or part-time.
4. Work from home 99% of the time.
5. You could be working with a national or international brand.
6. Build passive and residual income.
7. Develop communication and leadership skills.
8. Automated order-processing, distribution, and accounting systems prevent many of
the headaches associated with traditional start-ups.
9. Faster ROI if done properly then any other means for owning your own business.
(If you are in the right position in place and time).
CONS
1. Low entry fees also mean a person may not value it as they should.
2. Low entry fees and ease of entry also means faster failure rate.
3. Need self-discipline.
4. Need to deal with rejection.
5. The design and usage is for selling and not for getting rich.
6. Your greatest asset (TIME) becomes your biggest deficit.
7. Lack of awareness & knowledge.
By looking at the above list, you can see a few obvious areas of differences between the
entities. Networking is the Lowest start-up cost, fastest ROI (return on investment) or
CCR (cash on cash return), quickest start, less headaches, greater support. Each of the
other business entity types by their design are not built to bring in immediate cash flow,
networking is. However until networking changes some of its practices that are preventing
a higher success rate from taking place, it will continue to be a 95% failure rate.
Even though two of the cons for networking are self-discipline, and dealing with rejection,
they are not exclusive to networking. Networking is a people business where by rejection is
a common occurrence, and the discipline required will separate the winners from the losers.
This brings us to the second area of importance relating to the networking business. If a
person is to grow, that person must get their buts out of the way. Every time we as human
beings attempt a job, task, or obligation, and fall short of even our own expectations, we
quickly start the chorus line: yes but, yes but, yes but. This is man’s favorite pastime,
finding excuses for his shortcomings, because he creates them in his own mind. They are
also called excusitis (term used in networking).
Until we develop the right attitude to win at any endeavor or undertaking we enter into, we
will never win at anything.
THE BUTS STOP HERE!
Written by:
Doyle Davis
