How to start the Right Business of Your Own

In any venture, Training is the backbone to help you understand the "how" the "what" and the "why". This will help you start your own business online and offline. Learning will give you a better perspective, will prepare you and equip you for the right one for you so that you can do the necessary steps. Test your business ideas and get you going following the path to success.

 

A. The "HOW" of the business 

If you have the knowledge and understanding of what you will be doing, you can lessen if not remove the doubt you have in mind. People who are misinformed are usually afraid to take the steps. When you get the proper knowledge then you can go on with these steps further;

1. You have to REMOVE YOUR DOUBT

2. You have to CONQUER YOUR FEAR

DOUBT is normal but if you have your Doubt, you will never move and if you will never move, you cannot get results. Being stagnant is as good as nothing at all, you need to act and the action should be the right one that will produce the result. Many people take the wrong action, therefore they get the wrong result. That is again fall under the training.

Imagine yourself first time riding a bike, if you don't know how to drive it, you are usually afraid. But that fear will be gone if someone will guide you along and teach you how to do the balancing and drive it confidently.

It is the same way with starting a business, to remove that fear, you need to have a mentor. A mentor can always guide you whenever you need help. And the relationship grows as you go along. A mentor is a person who do the same thing but just a little ahead of you, while he enjoys riding, he manage to teach you as well. It is the desire of the mentor to help you ride with confidence and if you learn the skills, you might dive faster. That is what makes a good mentor, he will bring our the best in you and do the best potentials you have. But you need to remember as well that you were mentored, so the baton was passed on you to do the same thing to people who wants to get started but don't know where and how to start.

The second one is to CONQUER YOUR FEAR

Everything we do, if we do it the first time, you will always have FEAR BUT if you look at FEAR as False Emotions Appearing  Real you can have the courage to Face Everything And Run or Rise. 

Emotions will go after, that is why DOUBT and FEAR go together. But if you have conquered the first one, you can overcome the next. Doubt is usually in the mind, the anecdote for that is Knowledge, while Fear is in the Heart and the anecdote is Confidence so that you can face with much courage.

Fear is just an emotion and its all in the mind.  Its normal to fear but if this will control your decision, you cannot act on it. 

As you overcome your fear, you can unleash your maximum potential. You just don't know how far you can go if you are already enjoying the ride!.

What can we learn from these?

1. Getting the right knowledge will remove your Doubt. So the first step in starting your business is to get all the knowledge you need. Training is a continuous activity. It is the learning experience that you get better understanding and simplify the process. Learning from each other is the greatest teacher that we have, so we can add in the Attitude you need to possess. That is the Attitude to be TEACHABLE. You must have the attitude with a GOOD LISTENING AND LEARNING ATTITUDE (GLLA). Going back to the example of riding a bike, If you are not willing to learn, the more it will take time for you to get started. You need to give in to instruction. Follow the instruction of your mentor, it is understandable at first if you are stiff and afraid. But the more you learn how to hold the handle, how to balance yourself, how to speed up and control the direction you are going the more you gain confidence. The instruction will be much different when you are already running. You will getting more tips on how to ride the bike with different kinds of roads, from rough to smooth, uphill and downhill, crowded place or busy streets. That level of knowledge are going towards making you a professional cyclist. That's the potential of the business in comparison.

2. Confidence will conquer your fear. But overconfidence will make you more harm if you are not careful. The more you gain confidence, the more you need to get smarter everyday. Learning and attitude will always go along your journey. Stay on the right tract with the right attitude. The secret formula to success is to stay humble and help other people in need of learning. 

As you learn, you need to become a teacher as well. This will let the right knowledge pass on to other people fast. If you have a mentor mentoring other people who wants to get started, and you are already mentoring other people as well, the work is delegated and you can teach more people. 

You will all enjoy the ride together!

That is the real essence of building a Network of like-minded people. You build a long and lasting business relationship while you develop a character of learning and teaching.

Before we go further with the HOW, let us explore the "What" first and lets get back to it later.

B. The "WHAT" of the business

Doing the business will always start with you. Alone. The business idea starts with your desire to do a business but you don't know what kind of business you will be doing. 

This is actually dealing with our "MINDSET". Many people don't know what business they will do because their mindset is in EMPLOYMENT. The mentality of earning big, is to do a business, but to work as an employee is what makes people do the action. When they start a business, they think money will come in every month! The mindset should match the action. 

Business is a business and you need to run it to earn. While employment is a regular work where you do a certain task for a company doing the business, you get paid for your time. Though Business will give you much better income but it does not come in just a click of a mouse. Just as the saying goes "Rome is not built in one Day" Business is the same, you need to do the hard work at the beginning.

Some people have the mindset of a business while they are employed. This is a wrong concept and many employees act like they are the BOSS. It is our intention to get you out of employment and be the Boss of your own, but this will be a transitioning period while you are actively employed. Don't act like a boss when you are employed but better act like a real employed with a mindset of a businessman.

While at work, it is better to start a business of your own. Take some effort to learn the business and save some money. Any business venture you will do will always require an investment. But you need to work smart. You don't need to invest that big amount of money. And that is another "mindset" deal with. People think that starting a business would require big amount of money, no! If you look and listen to the stories of successful people, they all started small and become big over time.

The smart way to do is to learn and then start the business as early as you can. If you are employed, you need to find time at your extra time to learn the business. Get all the necessary information you need. If you are employed and have no idea what to do, you need to get in touch to me so i can give you the idea. Reach me out at email leonard_des@yahoo.com. i would be more than happy to assist you. Learning is the first step to prepare you, then take the action later when you decide to do the business. Don't be in a hurry to decide then quit but learn and decide later, save money and do the action. 

What will you do? 

It can be a product you want to produce, a service that you need to offer. This path can be very rewarding if you do the right thing with the right attitude. This is the traditional way of doing the business. It can be a long process and requires so much money to invest and time to operate. If this is your type, go for it. I can help you evaluate and think of strategies you need to do to make this business running. I can help you in the set up develop the business idea backed up with feasibility studies.

But If you are looking for ways where you cannot produce your product but you want to promote the product of other people, then you can start with the non traditional way. This is by signing up as a Distributor. There are many companies that offer this way, you can promote the product of other company and earn income from it. The best method here is through Network marketing! Yes, you heard it right! Some people have a misconception about network Marketing as just merely recruiting other people. It is not that. That is a wrong knowledge, The Real network marketing is a real business for people with small capital but with the maximum potential income of a business equivalent to traditional one.

What is Network Marketing?

Network Marketing is a system of Distributing the product from the Manufacturer to the consumer. It is called non-traditional because it has modified the system of distribution. Let me show you a comparison:

Traditional Business

Distributes the product from manufacturer through the third party agencies like; Wholesalers to Dealers to Distributors down to the Retail stores to the Consumers. It has at least 4 channels of distribution before it goes to the Consumer. While

Network Marketing Business

Removes all the other channels of Distributors like the Wholesaler, Dealers and Distributors. Instead, it goes directly from the Manufacturer to the Retail Store and the consumer.

Many people started with Network Marketing without proper knowledge that is why many people did not get any result and concluded that it is a scam, but the truth is, they never spend time to learn. Learn about the system and how they can make the maximum potential earnings. They think they can do it without learning. That's a big NO! you need to learn first. Just as in my presentation here, you get started with the Knowing the business then doing it!

Taking the Route of Network Marketing 

If you decide to take this route, you are most welcome. But I would like to remind you that you need to learn first before you earn. Learn, get all the trainings you need before you actually register as a Distributor.

Get the training through my facebook page, get in touch with me and lets connect. I would like to know more about you. Send me message and let me help you.

As a brief, what you need to do to grow your business with Network Marketing system?

Just like any other business, Network Marketing and Traditional Business are the same. The mechanics and process may be different in principle but the way to grow is the same! yes, its the same. 

You need to:

1. Establish a group of product users to earn big. 

For traditional business,  You need to own a store. You can make our own product or you can be a Wholesaler or Retailer of a product. Owning a store means that you can put a lot of varieties of products. Capital is extensive and you need to do the feasibility studies what to do to get the ROI (Return on Investment). The point of getting income is to have more people buying from you. The more people buying the more you earn, and the more they come back, the better. That way, you are establishing a group of product users for a specific product you sell.

That is also true with Network Marketing! This is the most neglected part, This is actually the first step in any business presentation you will attend. You start by becoming a distributor for a set of product package. That is the investment. Some people think this is big, but it is the smallest investment to own a business where you don't need to get a license, rent a space to display the products, pay someone to sell and make inventories. All you have to do is focus on distributing the product by just sharing the good benefits of the product through your social media.

There are 3R principles to follow:

Retailing 

Recruiting

Retention

The first one is already discussed above where you do the distribution of the product by just sharing the good and healthy benefits of the product. You need not do a hard selling, though some good salesman have the better edge in doing this as compared to people with no sales background or knowledge. The good news is that you don't need to do hard selling, just follow the system and you can sell without selling. Just sharing will help you organize people who needs the product and they become your regular users (consumers)

The second one is Recruiting, though i hate using this work, just to rhyme the 3R principle, i used this term. The real term for this is actually Inviting potential person to become a Distributor or Retailer. As we have the system in place, You are not obliged to sell but you can sell more without selling using the "Principle of Leverage" This is multiplying your time with the time of other people.

Going back to my example of riding a bike, This is what I mean about multiplying your time by you getting started to learn. As you learn, you gain the experience and enjoy the ride, while enjoying, people will see your action. And they can be like you who are also looking for great opportunity but don't know where to start. So you can Invite them and let them learn the way you did. This is much simpler because you are just DUPLICATING what you have done. It may be different in time and setting but the way you teach will be the same.

So by inviting you establish the second means of creating bigger income, that is to establish a group of Retailers/Resellers. There are people who are just merely users of the product and there are also people who are good at reselling. In your growth, you have already been establishing regular users of the product and now you are establishing group of retailers. This will grow your income eventually.

Lets get back to the How and this is related to inviting people with Fear.

The greatest FEAR we have in this business is to INVITE. Again, with proper learning, you will know the proper skills in Inviting people.

The tendency actually is for you to INVITE all the people you know. Your friends, brothers, sisters, relatives and all the people you know. But, more often than not, the people you have invited and expects to join are the people that will REJECT you. That will be a testing ground for you if you are well informed about the business you are doing.

REJECTIONS are normal but you can avoid this if you have the right skill and right knowledge. You will not see rejection as personal attack to you but rather, learn the mindset of people you are inviting. Some will like what you are offering and some will not, so don't get distracted, proceed to the next.

With the 3R principle, you can already filter who are the product users and who are potential retailers.  Some product users can also be your retailer if they see the good benefits taking place. So you cant under estimate everyone. Keep them and enjoy the ride.

The last one is Retention. What are those people? They are the people who are able to Teach others as well. So these set of people will be coming from the retailers. Your duty is to train them the way you were trained. Duplicating is the Key!

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