What Kind of Entrepreneur Are You – Identify Yourself and Catapult to Success
March 16th, 2009 Filed under: Uncategorized — Small Home Business AuthorWhat is the definition of an entrepreneur? The dictionary definition of entrepreneur is “a person who organizes and manages any enterprise or business, usually with considerable initiative and risk.” As a network marketer, there are several groups of people I consider “entrepreneurs.”
First we have Network Marketers. This fearless group is comprised of individuals in traditional multi-level marketing, internet marketing, direct sales or internet marketing. This group is currently participating in a business opportunity so they have already shown their ability to take risks and make investments in themselves. These people do not live “in a box”. They do not like corporate structure or limitations. They have the ability to visualize financial security and personal freedom. So why do so many in this group fail to succeed? Unfortunately, this industry is plagued with old school beliefs, training and false messages about “overnight success.” It has been proven that when you take this type of person and give them the proper training and personal success coaching, it is very likely they will make a full time income in the network marketing industry. Many will go on to build massive wealth.
Our second group is Small Business Owners. These individuals are the biggest risk takers. They typically borrow six figures in order to start their businesses and are often times in a “sink or swim” situation. The owner of a small brick and mortar business will work long hours without pay for the first few months or years of their business. It is known that most small businesses fail. Why is that? Poor planning, lack of capital, burn out, unreliable employees and changes in the economy are common reasons businesses fail. The good news is many who fail at one small business idea go on to succeed with another.
The third group is Straight Commission Sales People. I consider these individuals “entrepreneurs” because they do not have a salary to depend on, and they are often responsible for their own self-motivation and inspiration. This group must be disciplined and organized in order to succeed. Realtors, loan officers and insurance sales people are a few positions that represent this group; and many of these people have seen their sales sharply decline due to the unstable economy. Even the sharpest professionals in this group have been forced to find alternative methods of income during this economic downturn, and many have turned to network marketing.
The final group is comprised of individuals with the resolve for change. These people might be trapped in a nine to five job, but they know it is not for them. They are searching for the right opportunity, and they are willing to learn.
If you identify yourself with any of these groups, then you are clearly in a position to achieve financial security and personal freedom. Defining your limitations is the first step toward overcoming them! Identify your strengths and weaknesses first, and you can then create a business plan that will catapult you to success. Entrepreneurs from all four groups are turning to network and internet marketing as a way to earn a full time income. The start-up costs are low, and the potential is unlimited. With the proper coaching and guidance, this industry can be an entrepreneurs dream come true.
Stacey Hall offers FREE 15 minute consultations on Network and Internet Marketing and how you can create the life you want and deserve with a lucrative online business. You can visit Stacey’s website at http://yourglobalsuccesscoach.com or send her a message or question to: stacey@yourglobalsuccesscoach.com
