We have all read cashflow quadrant, and understand the importance associated with the way you generate income. One of the key and important issues is what you are compensated for and what/who works for you. It could basically be
:
1. Your time/efforts
2. Your Knowledge
3. Your money (or other people’s money that you have leveraged)
4. OTHER PEOPLE’S time/efforts/knowledge/and money
The difference lies in who or what is doing the work. The self employed person does nearly everything, they are the source of income they are directly involved in every step of creating value, or nearly every step. The business owner is just that, the owner of a system of people, processes, and “machine’s” that continually produce value with or without his or her direct involvement.
My focus here is a bit different than the standard discussion of the differences, because I am actually referring to a mindset and a strategy.
For those of us in MLM, many aspects of a traditional business are actually handeled, we don’t have to do much but market. That’s where this interesting phenomenon that spured my creation of and focus on this topic of MLM business ownership as a whole stems from.
What separates the super stars and the so-so in MLM is a mindset. The mindset of being a true business owner. There is one aspect of the defenition given by robert Kiyosaki on the topic of business ownership that originally drew me in and is my main goal with any business from here forward. This one thing is also the key to creating a true business asset in MLM.
“You are a business owner if you could leave for a year and come back to find the business bigger than when you left.”
Many have been able to make this happen in MLM, yet it requires a skill set, sacrifice, and personality so uniqe that is is basically an impossibility for most. That is part of why we have such high failure rates in MLM.
I want to change the defentition just a little bit for our purposes. The only change will be in length of time. To me there are a few levels:
1. “You are a TRUE MLM B when you can leave your business for a month or more and see significant growth.”
This level is achievable by most simply by finding enough people who would do it with or without you whether or not you quit and having enough of the right tools and systems in place that they do not need you. Many people have reached this level, however the problem is if you stop working, leave for a month, then return, it will take you a significant amount of time to get that momentum back to be able to grow. This is really just a phase of growth and the first taste of residual income.
2. “You are a TRUE MLM B when you can leave your business for 3 months or more and see significant growth.”
This is where I think you have really begun to build something that will last. If you have things set up so well, so automated and so fine tuned that you are making money from multiple sources related to your business, so much so that even if there is an internal problem with the company and opportunity its self you maintain an income, you have a real business asset. You may not be to the point that you could sell it, but you are getting there. At this point you truely understand out sourcing, systems, and leverage and have applied these strategies to your business.
3. “You are a TRUE MLM B when you can leave your business for a 6 months to a year and see significant growth.”
You’re there. There are so many people, running so many well entrenched and perfected and fine tuned systems that are designed to kick of residual income to you, that you are no longer needed to maintain or grow income. The other factor here is that this happens because of the design of the system its self.
Now I want to make a disclaimer. This entire idea can carry some interesting and even false paradigms for success. Two examples come to mind.
1. You should be involved in things you love and ultimately want to spend time doing. Your businesses should be out growths of your purpose.
2. You need to be a good steward. You will probably want to be more involved than once a year or once every three months.
The important thing is that you design your business plan to fit the goals of true business ownership so you can viably add somthing to your asset column.
THIS BUSINESS IS HARD ENOUGH TO BUILD THAT YOU OUGHT TO BUILD IT TO LAST AND BUILD SOMETHING THAT CAN PROVIDE YOU SOME LEVEL OF SECURITY.
If something did happen to you where you couldn’t work, or something in life needed to take you away, you would want to have built something that you knew would allow you to leave and not worry about income.
So how is this possible pretty much imeadiatley?
One word.
Internet.
You have to learn to leverage the internet and its systems to be able to create true business ownership in MLM. There really isn’t any other way in our day, nor is there a better way.
If you want to start to get an idea of how this works, take a look at one of my internet systems, at http://andrewjamesinc.magneticsponsoringonline.com/
I look forward to your comments.
AJ