If you’re struggling with MLM, don’t give up. The traditional MLM model simply doesn’t work. Nevertheless, network marketing offers tremendous financial potential—if you know how to do it the right way. In his powerful new book, industry superstar Michael Force shows you the step by step secrets of MLM success.
During the early 60’s, franchising came into its own as a fast and efficient way for an entrepreneur to start a new business. Although there was no guarantee of success, franchisees had a leg up on the competition because they were able to tap into the expertise and best practices of the franchise company.
With the effects of the recession still rippling through society, more and more people are seeking alternative forms of income to shore up their sagging finances and to improve the outlook for the future.
The internet is the most dynamic marketplace ever created by mankind. It connects about 1.5 billion people who use it every day to communicate with each other, to entertain themselves—and to buy things.What Makes A Successful Entrepreneur?
Entrepreneurs have many responsibilities to handle each day of work. From establishing a business to hiring to operations to management to success, an entrepreneur must be well versed in a tremendous amount of skills. Exactly what makes a good entrepreneur?
Character Individuals follow their leader. In a business, employees will follow the example of their employer (the entrepreneur). It’s vital to a company’s success to establish its foundation on key values and good business ethics. Some of these qualities include: integrity, honesty, kindness, loyalty, patience, and compassion. If entrepreneurs will work to develop these traits, they will carry over to their employees and their customers.
Positivity Because entrepreneurs act as the parent of the company, it is important that they always employ positivity. This keeps the spirits of the employees up. Good entrepreneurs have hope and see the positivity in every situation. As they deal with problems and dilemmas on a daily basis, they seek out the good and turn these situations around.
Ambition Entrepreneurs need to have goals and aspirations. They must have vision of where they want to take the company and be driven to work to achieve those goals. Without ambition, there is no direction, and the company stands still.
Sacrifice It takes a lot of grunt work to establish a business. People do not become millionaires overnight. Typically, they spend many years sacrificing time and efforts to establish a solid foundation. Many times, they arrive before their employees and they leave well after the doors have closed. Without hard work and sacrifice, chances of success diminish by quite a large margin.
Commitment Along with sacrifice, entrepreneurs are committed to providing viable products and services. They are 100 percent committed to their mission statement and achieving their goals. They recognize that they have to work hard to achieve these goals.
Problem Solver / Decision Maker Without these skills, it is very difficult to run a business. Anything worth achieving requires hard work. Part of that hard work is problems. Good entrepreneurs possess patience and apply it, as they brainstorm ideas to combat problems. Because they are constantly solving problems, they can make solid, quick, but also good decisions. These decisions reflect what is best for the company.
Friendly Companies go into business to make money. They make money by selling products or services. They are always reaching for a target market. As a result, there is much customer interaction. In order to do this successfully, entrepreneurs must possess a friendly, outgoing personality. While they may have shy tendencies, they have to be willing to promote their products, socialize with customers and make them feel welcome, help their employees to feel welcome. Without friendliness and kindness, life as an entrepreneur will be much more difficult.
Organization Another skill good entrepreneurs possess is organization. Without this, companies lose money. Customers fall through the cracks, productivity is slowed, and businesses fall short. If an entrepreneur is really serious about getting organized, but does not possess this skill, he needs to hire a personal assistant to keep him up-to-speed. Organization is important to keep employees satisfied, retain proper records, maintain customers, etc. It provides a company with stability.
Of course, there are many more qualities and characteristics of entrepreneurs. However, these seem to be at the top of the list. If an entrepreneur will pay attention to these criteria, he will find success in his business and a much smoother operation.
Michael Force a former U.S. Marine and now one of today’s most successful online entrepreneurs. He is also a highly sought after speaker, author and industry trainer, as Michael’s perspective on how to create truly create online success is unique to this industry—as has he’s actually achieved it.
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Read More5 Responses
Michael Force is one of the most successful entrepreneurs because he takes action. He was at the top of the Leader board for WMI and was the leaders by over 100 sales. This is the formula you want to follow… “The Force Formula”
@Byron W
lol I don’t think these changes will be taking place. The info in place is solid and further more who cares? The point here is that you take this info and do something with it (like Force has done). As they say, there’s a million people who can tell you how to do it..but most of them have never been there.
Although they’re in no particular order, I think you’re spot on with Character being at the top of the list. Great information once again Michael. Thanks!
I recommend anyone ready to work with a leader Michael Force is your man. Mike brings it all the time and always deliver I order one of his books Money is a Mindset and my mindset has sift. He gives value, honesty and cares about helping as many people as possible. I say invest in yourself and purchase one of his books you wont be disappointed. Thanks Mike for your value.
Michael. . . you are a driven man. . . just a quick input on this section. Hey you asked. . .
Character
Your text: Individuals follow their leader. In a business, employees will follow the example of their employer (the entrepreneur). It’s vital to a company’s success to establish its foundation on key values and good business ethics. Some of these qualities include: integrity, honesty, kindness, loyalty, patience, and compassion. If entrepreneurs will work to develop these traits, they will carry over to their employees and their customers.
(SUGGESTION: Delete, Kindness, and compassion – your the boss not a Basset Hound)
Ambition
Your text: Entrepreneurs need to have goals and aspirations. They must have vision of where they want to take the company and be driven to work to achieve those goals. Without ambition, there is no direction, and the company stands still.
(SUGGESTION: Change ‘Entrepreneurs need to have’ to ‘Entrepreneurs must have’)
Sacrifice
Your text: It takes a lot of grunt work to establish a business. People do not become millionaires overnight. Typically, they spend many years sacrificing time and efforts to establish a solid foundation. Many times, they arrive before their employees and they leave well after the doors have closed. Without hard work and sacrifice, chances of success diminish by quite a large margin.
(SUGGESTION: Change, ‘It takes a lot of grunt work’ to ‘it take a lot of BS&T, blood sweat and tears’ also Change ‘chances of success diminish by quite a large margin’ to ‘chances of success diminish dramatically.’)
(GENERAL, consider changing ‘have to’ to ‘must’)
Problem Solver / Decision Maker
Your text: Without these skills, it is very difficult to run a business. Anything worth achieving requires hard work. Part of that hard work is problems. (SUGGESTION: Change to ‘Anything worth achieving requires hard work including problem solving.) Good entrepreneurs possess patience and apply it, as they brainstorm ideas to combat problems. Because they are constantly solving problems, they can make solid, quick, but also good decisions. (SUGGESTION: Change they can make solid, quick, but. . . to ‘can make solid, timely and effective decisions’) These decisions reflect what is best for the company.
Friendly Companies go into business to make money. (SUGGESTON: Delete ‘Friendly’, this is not Wally World) They make money by selling products or services. They are always reaching for a target market. As a result, there is much customer interaction. In order to do this successfully, entrepreneurs must possess a friendly, outgoing personality. While they may have shy tendencies, they have (SUGGESTIONS Change ‘have to be willing’, to ‘must be willing’) to be willing to promote their products, socialize with customers and make them feel welcome, help their employees to feel welcome. Without friendliness and kindness, life as an entrepreneur will be much more difficult. (SUGGESTION: Delete this last sentence – you’re not running a petting zoo)
Organization Another skill good entrepreneurs possess is organization. Without this, companies lose money. (SUGGESTION: Change to ‘lose both money and time’) Customers fall through the cracks, productivity is slowed, and businesses fall short. If an entrepreneur is really serious about getting organized, but does not possess this skill, he needs to hire a personal assistant to keep him up-to-speed. Organization is important to keep employees satisfied, retain proper records, maintain customers, etc. It provides a company with stability. (SUGGESTION: Change to read ‘Organization is mandatory for the efficient operation of the business, customer service, employee retention, and proper record keeping’.)
Of course, there are many more qualities and characteristics of entrepreneurs. However, these seem to be at the top of the list. If an entrepreneur will pay attention to these criteria, he will find success in his business and a much smoother operation. (SUGGESTION: Consider deleting this last paragraph)
I’ll be looking for a new job tomorrow. . . .
You are the poster child of the true American Success Story. This work effort is incredible. . . I can not imaagine the man hours you’ve invested on our behalf. . . Thank you, especially from a newbie. As we say in these here parts, ya’ll dun gud. Let’s see where did I put that AMWAY phone number. . .