Finding The Right Business Mentor For Your MLM Business

Have you been struggling in your network marketing business and feeling all alone?

That initial business meeting, you remember, the one where all the big shots from the company came and did a big presentation, all dressed in flashy Armani suits. They made it sound so easy and appealing you thought, wow, these guys really have their act together. How can I fail with a business mentor like this?

At the end of the presentation, the big shots tell you to get with the person that invited you and join.

Like most of us, who base decisions on emotion, you sign on the dotted line under your buddy Billy, (who only has a weeks worth of experience more than you) and has never owned a business in his life. You’re all excited about your new business opportunity and are certain you’ll be a millionaire in just a few months. You go out there clobbering all your friends and family over the head with your newfound business.

Then you talk to your up-line sponsor Billy, who really has no more of a clue than you do about approaching your warm market. He gives you some advice from a few notes he took the day he met the big wigs, and from his up-line leader.

The problem is, Billy is no more plugged into the system and trainings than you are.

Let’s say that Billy does go to his sponsor for advice, (Shelly) who is also somewhat new. Shelly has gotten advice from her sponsor (Kevin) who has only been in the business for 6 months, (and Shelly is the only one Kevin has ever sponsored).

Kevin has gotten his training from a business mentor and leader, but he leaves out several key points when training Shelly, who in turn, leaves out a few points when training Billy. Who in turn, you guessed it, leaves out vital information when training you.

Are you starting to see the problem with this scenario? Sound familiar at all?

So, it starts out with Kevin who gets 100% of his info from his business mentor, but only passes on 50% to Shelly, who passes on only 25% to Billy, and by the time it gets to you, you’ve gotten about 10 to 12% of the information needed to correctly run your business. The big wigs that made the initial presentation aren’t available to help, their usually too busy out promoting the business.

So how do you prevent this snowball effect of less and less vital information from happening? If you are serious about building a network marketing business then you need to search and seek out a business mentor of your own.

Someone with a proven track record, has been in the business for a few years, and one that has sponsored many in his down-line. You need to be learning from a true leader, a 6 or 7 figure earner would be best.

Here are 4 strategies to finding a Business Mentor that are sure to work.

1. Look to the top producers in your own company first.

Many MLM companies send out a monthly email praising recent top income earners. Work you way down the list, it’s quite possible one of them is already a business mentor and would be happy to help out.

2. Ask for a referral

Be sure and ask those you contact who are not available as a business mentor if they might know someone they respect who is.

3. Online Forums

There are hundreds if not thousands of online forums that you can hook up with. Do a Google search for MLM Forums and you will be surprised how many are available.

A favorite place of mine is the BetterNetworker. Leaders from just about every MLM company belong to BetterNetworker. I am sure you can make a great connection here.

4. Facebook and Twitter

Depending upon your circle of friends on FB & Twitter, you should be able to reach out and make a request by posting on your news feed or with a simple tweet. If you’re not using social networking sites like Facebook and Twitter in your marketing strategy, it’s a great way to connect with a leader and business mentor.

A word of advice, once you do connect with a business mentor, don’t use and abuse them.

A business mentor is there to provide guidance, set you up with a duplicatable system and provide useful resources. They are not they there to answer every thought that pops into your head. Be respectful of their time. Asking your business mentor about time zones, (don’t laugh, my mentor had that happen once) or some other ridiculous question that can easily be answered by doing a Google search, will only make them think twice about returning your calls or emails.

My final thought. A good business mentor can take you and your business to the next level. Be aggressive and take charge with your business. Don’t expect others to do the work for you. Guidance is one thing, but you will need to dig in and research for yourself. Follow your business mentor’s advice to the T. He or she didn’t get to where they are today by not following their own advice.

Business Credit Basics

Why does your venture need business credit? In order to understand this, you need to know the definition of this kind of credit. It basically stands for the credit worthiness of your company as a separate entity. Your personal identity and scores are not up for scrutiny and questioning here. It is of utmost importance for you to build business credit as soon as possible and to ensure that you have a worthy business credit profile. Whether it is a new business or an old one is of no concern, if you haven’t as yet, now is a good time to work on the credit aspect of your business.

Business Credit Bureaus

Personal credit bureaus are familiar names to us. There are specific credit bureaus that deal only with the business aspect of credit scoring for companies. The best of these business loan credit bureaus internationally is Dunn & Bradstreet. Other familiar ones include Experian Business, Equifax Business and FDInsight. Once you apply to receive your trade credit report, these privately owned and operated companies delve into all aspects of your corporate credit and even look into public records and business tax records to create a report and give your company an appropriate score ranging from 0-100. An average of 75 is considered a reasonably good score.

Advantages of Business Credit

There are quite a few perk and advantages that are associated with having good business credit. Small business credit gives you the feasibility to apply for small business loans as well as get business credit cards.

The best aspect of using a business related credit card is that its only purpose is to be used for business expenses like travelling or for a leg up on the startup initial capital required in any business. Many companies offer different business cards. The best thing to do is make an informed choice. Consider all the cards and the perks that they have to offer. The interest rates must be as low as possible with good facilities that are accessible from any part of the country. When you zoom on the card of your choice, be sure to create a good pre-payment plan. This will make certain that no strange debt collection accumulates on your account. All the work that you have put in, in order to sustain good business profile will go down the drain, if you cannot make payment on the business cards that you have.

To Sum It Up

There are many credit building programs that are available online and otherwise that can teach you how to build business credit fast and in an appropriate manner. Some professionals also are available to help you do this task. Fortunately, their fees are not all that high when you consider what you stand to gain. You have succeeded as soon as you stop using your personal credit for business expenses. It may take some time and patience but it is well worth it at the end of the day.

The Big Difference Between Running A Business And Having A Job

Everyday I see people so excited about building their own business and talking about it on Facebook and Twitter. Their excitement inspires me! Their ambition encourages me!But sadly, many will never make the money they are dreaming about.

Many gather on phone lines every single day planning and ‘masterminding’ together about how rich they are going to get. They have dream boards that cover the entire wall of their office and they already know what clothes they are going to wear on that cruise they’re planning.

Sadly, very few will ever get to their cruise, let alone a small boat.

Before it sounds like I’m raining on your parade, my heart and my passion is to cut through the thick schemes and plans that exist online. The kind that gets everyone super excited and motivated, but quite frankly, don’t ever help anyone to make any money.

Being excited and motivated is not what puts money in the bank, keeps your doors open or pays the bills. Good old fashioned hard work does. But for some reason, that has become a four letter word.

Work is a privilege and it’s an honor. Unfortunately, many people have a warped view of work. I don’t know when it happened but teenagers don’t grow up dreaming about working hard and making a great life for themselves anymore. People whine about not having enough money, or they whine about having too many hours at work. We’ve come to the place where those who work hard and succeed are oftentimes even judged and discredited.

My personal mission includes restoring the work ethic and rebuilding fallen walls in many homes. My desire is to see young men and women grow up with a goal of hard work and the accomplishments it brings, such as a house paid for, a car bought with cash and a debt free lifestyle.

Entrepreneurship is one of the paths to creating such a lifestyle. So, let’s talk about the topic of owning your own business. What really makes the difference when it comes to building a business and working a job? Is there a difference and can it affect your business building efforts on a daily basis?

Here are five things that you must have in place to build a thriving business-

#1- Building a business demands that you have your time and your life managed. An out of control life cannot build a thriving business, ever. You might be able to fake it for awhile but it will never generate the profits you deserve. Get control of your time and your life and your business will follow.

A business requires hours of operation, a set marketing plan and a commitment to bring value to the marketplace, every single day. As a business owner you will own your time and you do have more flexibility, but don’t buy into the nonsense that says you can work whenever you want to. This is a poverty mindset and is rooted in laziness. A real business owner isn’t looking for an escape from work. They desire to be the best they can be every single day at their workplace, especially when they are the CEO.

The most successful business owners are not those who dream of never having to work again, it’s those who have to actually discipline themselves when to not work. Typically, working is an enjoyment for them and they get a rush of out creating a result. But an out of control life and schedule can’t thrive for very long. So be sure you’re committed to the long term of your business goals and not just the excitement of ‘making a sale’.

#2- Building a business requires focus. Distraction, restlessness and the inability to focus will destroy your business building efforts. There will be days when you’ll have to shift between three things in one hour, and people will be looking to you for answers. Are you prepared to do whatever it takes to gain more focus?

A business owner can’t use personal issues or any excuse as a reason to not be 100% on game every single day. As a professional athlete is committed to their goal, a business owner must also have a rare commitment that doesn’t look for opportunity to shrink back.

Focus is the result of a good diet, enough sleep and plenty of fresh air and exercise. A wise business owner will look at these key factors as being as important as getting the best write-offs they can on their taxes. These are critical ingredients in a long term, low stress, and highly rewarding business.

#3- Building a thriving business requires a plan. When I was bodybuilding I had a workout schedule. Every day of the month mapped out- which days we did arms, which day we beat up the legs, when to do cardio and fat burning, when to cut back on carbs and when to stack up on protein. This is the same mindset and action that a business demands. A plan that is written out and executed.

A plan will save you the drama of trying to make decisions when ‘play’ calls your name and you know you should be working. It will help you to take the time off you deserve and never feel one ounce of guilt. Create your plan, it is an absolute requirement for business.

Having a plan, however, is not enough. A business that is thriving is moving forward, is always one step ahead of the competition and implements as quickly as they plan. All out massive action is normal mode of operation.

#4-Building a profitable business requires a mentor. Every professional athlete, musician and expert who has gone beyond the norm in any capacity can usually be traced to one common thread- mentorship. When you build a business, you are going to hit some hard roads, stumble a few times, lose money and earn a fortune all in the same year! A mentor gives you a sounding board, a point of reference and experience in which to trust.

The single biggest factor and key to my success in life is related to mentorship. I currently have two mentors I regularly work with for business- Kevin Hogan and MaryEllen Tribby. My spiritual life is thriving and strong because of a spiritual life mentor I work with every few months. These people are ambassadors for truth in my life. Being able to see myself, my business and where I am at accurately takes more than just a mirror. Mentors in my life give me a confidence that doesn’t exist without them. It protects against horrific mistakes, and propels me forward at a rate that working solo could never accomplish.

Find a mentor who has done what you want to do, and has done it over and over again. Make yourself accountable to your mentor. Do not work with mentors who seek to control, dominate and dictate to you. CLUE: If they sound like the “Alpha” and demand you answer, “Ma’am and Sir” it might be a good idea to find a new one. Find a mentor you feel safe with, who inspires but also pushes you forward. Find one who can give tough love without entitlement or abuse.

A thriving business requires a mentor. Having a great mentor is usually one of the single biggest factors in most companies where the business owner is soaring with momentum!

#5- A business cannot be built with an option to fail. It cannot even be a thought. It demands that you always move forward, always improve, celebrate every success and learn from every mistake. Quitting can never, ever be an option in the mind of one building a business. As soon as it becomes an option, the door is now open for failure.

Many in our current generation no longer esteem marriage as sacred. Commitment is no longer esteemed, sacrifice and hard work are now seen as workaholism. While I do reject the notion of working 90 hrs per week, this one thing is true: If you are going to build a thriving profitable 6 or 7 figure business- it is WORK. There are going to be days and even hours when you feel like throwing in the towel. But the big difference between those who are making money in a recession, through trials and troubles, and those who are not is this- one didn’t quit or give up.

If you leave the door open in marriage to give yourself an exit, you’ll gravitate towards that door anytime things get the least bit challenging. The same holds true in business. Leave a door open for quitting and you will SURELY find an exit.

A thriving business is a big commitment and it’s a big deal.

It’s not for everyone and it’s not easy. But this one thing is true- it could pay you more money, change your heart and the way you think, more than anything in life ever could. My life has been personally transformed and changed inside and out because of my businesses. My mistakes in business nearly killed me…. and it was in business that I found a mentor and the true love of God, that completely changed me.

Building a business and being an employee are very different.

To best describe how I see the utmost challenge of business I’ll share one of my favorite sayings from the movie “Alice In Wonderland”. Near the end of the movie, the White Queen gives Alice these words of wisdom:

“You cannot live your life to please others. The choice must be yours. Because when you step out to face that creature….. you must step out alone.”

I pass these words onto you as well.

There will be victories in business, if you choose to move forward each and everyday, that will never be experienced in a role as an employee. There will be new challenges and new goals to chase that you could never encounter if you remain in a job. And…… there are new heights for you, you alone, to reach as a thriving successful business owner, that only business itself can teach you.

If you will stay committed, find a mentor, build a plan, stay focused, manage your life and never, ever quit…. you could end up living a life that is beyond anything you’ve ever imagined.

My dream is to help you fulfill your goal. It doesn’t matter to me, quite honestly, if you build a business… or if you don’t. But this one thing does matter to me enormously…. that if you were designed to build a business, impact the world and bring your blessing to those who need you… yet you never made a firm enough decision to do so, this bothers me more than anything.

Dreams that are never reached because of indecision will haunt you for a lifetime. Make a decision today. Either way. Make a decision and then live it out, with all you have!