The first 90 days
If you have felt or are feeling impatient with your business success, consider this:
*To become a Medical Doctor – one will spend at least 10 years in school and $250,000 in tuition BEFORE having the right to set up a practice and begin to earn income (direct from a medical student)
* To buy a small franchise, (on average) plan to invest about $219,000, have liquid capital on hand in the range of $50,000, have a personal net worth of over $100,000 and pay annual franchise fees in the neighborhood of $25,000 (info from franchisegator.com) Plus overhead, inventory, marketing, employees etc...
* The SBA (sba.gov) sites the two top reasons a small business fails is LACK OF EXPERIENCE and INSUFFICIENT CAPITAL
So, let’s take a look at your business. What kind of experience do you bring to the table in SALES, MARKETING, and TRAINING? And what kind of capital are you prepared to invest in your venture? How much time have you given yourself to LEARN how to actually do this business?
One interesting thing about looking at other choices for creating income is that Network Marketing is probably the only real option most people have for not only a low start up cost (relatively speaking) but most importantly to build RESIDUAL and long term income. A Doctor doesn’t get paid when he/she is not working. A franchise owner does not have the flexibility of choosing when and where they want to work. Most small business owners cannot build passive income.
I am amazed when I hear people talk about making $10,000, $20,000 and $100,000 a MONTH in Network Marketing, and yet when we sit down to make a plan, they are come with very little experience and are unprepared to spend time and money to build the business they have envisioned. If I tell them it might take 5 years just to LEARN HOW to do it – Yikes! “That’s NOT what they told me when I signed up!”
Ok- so what’s my point? Well, the truth is that I really want to see each and every one of you make it in your business. REALLY BIG, gangster type make it. I have worked with most of you individually and I know your dreams. I want to be YOUR coach on the sidelines cheering you on to keep going, keep going, keep going... But you must be prepared for the reality. This business is NOT FOR WIMPS! That means working STEADILY, CONSISTENTLY month after month, creating and building a business that you LOVE, knowing, and EXPECTING to see the success you have planned for yourselves and your families.
So what do you need to do? Look again at your plan. Recommit yourself to your short and long term goals. Join with others of like mind.
And, of course, take advantage of the cool books and coaching I offer.