Are you teaching your team to develop a hobby or run a business? Part Five

“Treat your business like a business and it will make you money. Treat your business like a hobby and it will cost you money.” Money, money, money!!! Money Mindset Money doesn’t grow on trees. A penny saved is a penny earned. Money is the root of all evil. What do you believe about money? It will show up in your business. Did your past lead you to believe there is too little money or plenty? Are you free with money or do you hold it tight?

Are you teaching your team to develop a hobby or run a business? Part Four

How do you decide to prioritize your time and activities? Do items that produce income rate higher than ones that don’t? How do you encourage your team to spend more time on activities that will give them the highest return on their investment? You and your team do want to make money in your businesses, unless you admit it’s a hobby. (And I am quite certain very few do!) Teaching your team to spend the majority of their business time on Income Producing Activities (IPA) is what will create the highest return on their investment. (ROI) Go ahead, start at the beginning; teach IPA and ROI at new consultant training. Use these words as part of your everyday language. Soon everyone will be thinking about how they spend their time in terms of how it impacts their paychecks.

Are you teaching your team to develop a hobby or run a business? Part Three

How do you create order and routine in your business? Do you follow a system or rely on your talent to ‘wing it’? While trusting your talent and instinct may appear to be the easiest way to run your business, others will be challenged to duplicate your method of success. A business plan for a strong direct sales business includes duplication. In order for others to create the same success you have they must know what you do and how you do it. Creating and sharing systems is the key to strong duplication.

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