Category Archives: Career

Should Your MLM Business Be An LLC?

Posted on February 15, 2012 | Leave a comment

BUSINESS TYPES

LLC stands for Limited Liability Company, and is one of the options when starting a business.  Another common business type for certain situations is a partnership, for example when both husband and wife are working the business together.  Many of us, when we entered the world of network marketing, chose to start our new mlm business as a sole proprietorship.  This was the simplest one, and presented no hassle.

Is an LLC right for your mlm businessTHAT WAS THEN…

But is there a time in your business life to move on?  Has your online business grown bigger than you first thought it would?  Or, if you believe in the idea of multiple streams of income, are you in more than one business opportunity now?

IS IT RIGHT FOR YOU?

Perhaps it’s time to consider an LLC to see if it might be right for your situation.  The following infographic should educate as it features key points to consider.

An LLC is a Limited Liability Company

Is an LLC right for your business?

I’m not saying that this is necessarily the right choice for you at this time, but it doesn’t hurt to become familiar with the benefits, as well as the disadvantages that this business type brings with it.

Business Planning — Advantages and disadvantages of LLC’s and S corps

To view the next video in this series, please click here: www.monkeysee.com

MAKING A CHANGE

Considering a change from sole proprietorship to LLC

Is now the time?

If you do think that perhaps a change would be to your advantage, then maybe the following post will help you make the transition.

Transition Your Network Marketing Business From a Sole …

www.mlming.com1/13/12

You started your network marketing business with one approach, in your own name as a sole proprietorship. Now you … Typically, you can NOT transfer a business license from your sole proprietorship name to your new LLC.

 IT’S YOUR DECISION

It’s always good advice to check with your personal tax attorney or accountant to get their input.  Whether you decide to keep your business as a sole proprietorship, or look at the option of an LLC or partnership, it’s all up to you, and what you feel is the best solution for your situation.

JACK KOETTING

Make Cars Plus Cash your travel portal for savings.

 

 

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Posted in Career, Entrepreneurship, Marketing, Network Marketing

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Leadership – Reflections on Coach John Wooden’s Wisdom

Posted on February 2, 2012 | Leave a comment
John Wooden, coach and mentor

John Wooden - Coach and Philosopher

JOHN WOODEN – A CENTURY OF MAKING A DIFFERENCE

Believe me it’s been a long, long time since I stepped out on the court to compete in the game of basketball.  In fact, I really only played one year in high school.  I was a skinny kid, and not very good, so the next year I opted for jazz band instead, which steered me to my eventual degree in music.  But that doesn’t mean I didn’t understand the game and the strategies.  My court heroes at the time were names like Wilt Chamberlain, Bill Russell, Jerry West, Bob Pettit, and Elgin Baylor.  (Am I showing my age?)  The responsibility of implementing and teaching those strategies, from the bench at UCLA, was another person that was making a name for himself,  Coach John Wooden.
 

John Wooden

John Robert Wooden (born October 14, 1910) is a retired American basketball coach. He is a member of the Basketball Hall of Fame as both a player (class of 1961) and as a coach (class of 1973). He was the first person ever enshrined in both categorie…

Direction On and Off the Court

John Wooden lived to be almost 100 years old and was one of the winning-est coaches in college basketball.  But coach John Wooden wasn’t only a success in the game of basketball, he was also a success in the game of life.  He was a positive thinker, an innovator, and a motivator that was able to transform his command of the game into other areas outside basketball.

Advice From Dad

 
He was often heard quoting the “two sets of three” which he said he learned from his father.  “Never lie, never cheat, never steal” and “don’t whine, don’t complain, don’t make excuses”.  Timeless advice still today.  And certainly things that can be applied to entrepreneurs in their business endeavors.
 
John Wooden was also known to have carried in his wallet a piece of paper given to him by his father that contained the following advice:
Be true to yourself.
Make each day your masterpiece.
Help others.
Drink deeply from good books.
Make friendship a fine art.
Build shelter against a rainy day.
Pray for guidance and give thanks for your blessings every day.
 

The 9 Self Promises

John Wooden was certainly given good advice from his father, but John also came up with some pretty good insight and leadership principles on his own, which he followed and taught.  John imparted some of his leadership wisdom through the written word.  Coach Wooden’s Pyramid of Success: Building Blocks For a Better Life
and Wooden on Leadership: How to Create a Winning Organization
showcased his ability as an author.   John Wooden felt that if you made the following 9 promises to yourself, you would be well on your way in your pursuit of happiness in life.  They are:
 
1.  Promise yourself that you will talk health, happiness and prosperity as often as possible.
2.  Promise yourself to make all your friends know there is something in them that is special that you value.3. Promise yourself to think only of the best, to work only for the best, and to expect only the best in yourself and others.4.  Promise yourself to be just as enthusiastic about the success of others as you are about your own.

5.  Promise yourself to be so strong that nothing can disturb your peace of mind.

6.  Promise yourself to forget the mistakes of the past, and press on to greater achievements in the future.

7.  Promise yourself to wear a cheerful appearance at all times, and give every person you meet a smile.

8.  Promise yourself to give so much time improving yourself that you have no time to criticize others.

9.  Promise yourself to be too large for worry, too noble for anger, too strong for fear, and too happy to permit trouble to press on you.

John Wooden: Coaching for people, not points

www.ted.com With profound simplicity, Coach John Wooden redefines success and urges us all to pursue the best in ourselves. In this inspiring talk he shares the advice he gave his players at UCLA, quotes poetry and remembers his father’s wisdom.TEDTa…

An Example To Follow

Leadership is all about setting an example to inspire others to achieve their individual and team goals.  We as leaders would do well to make these nine self promises, and see how far it takes us.  It’s not about being the MVP on the basketball court. It’s about using leadership to develop teamwork that produces lasting results – something Coach John Wooden was very, very good at.

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Patience and Persistence – Business Tips from the Bible

Posted on January 25, 2012 | Leave a comment

Image via Flickr

Are you willing to do what it takes, for as long as it takes?  You see, patience is  not only a virtue, it’s also a bit of practical business advice that you can discover by reading the Bible.  I’m reasonably certain it’s not the only one.  In fact, patience is often linked with persistence.  Also, the passage from the Bible I’m citing is probably not the only one, or maybe even the best example of combined patience and persistence.

But for those that haven’t found the business success they’re seeking, either in their career, or in the online marketing world,  this leadership trait of being willing to do what it takes, as long as it takes, I think is exemplified in this story.

THE STORY

The Bible reading is taken from chapter 29 in the book of Genesis, and finds Jacob on a journey that ends at the home of his uncle, and where he first meets Rachel, who will eventually become his bride.  He wanted her so much that he would offer to work seven years for his uncle if he would grant his consent.  At the end of the seven years, his uncle, because of a curious provision in the law, deceives him into marrying his eldest daughter first.  Undaunted, he accepts his fate, yet offers to work an additional seven years in order to marry Rachel also.  (Multiple marriages were common back then).

THE LESSON

Now, I’m no Bible scholar, and I’m betting that a lot of people would have thought he was crazy to do that, but that sure sounds like patience and persistence in order to get what one really wants.  It’s true that he only had to wait a couple of weeks after his first marriage, in order to marry Rachel – still, he kept his agreement to work for his uncle the rest of the seven years.  Guess you might say that integrity was important to him as well, as it should be for those aspiring to be true leaders in their organizations.

TWO SUCCESS STEPS

FIRST STEP – DO YOU KNOW?

In order to be successful in your career, do you know what needs to be done?  What actions to take?  What skills you need to acquire?  What knowledge you need to learn?

Brian Tracy – Persistence, Entrepreneurs, & Millionaires

www.SuccessUniversityCoaches.com Brian Tracy talks about how failure is to be expected before you reach success.

SECOND STEP – WILL YOU?

Inspirational Quotes On Persistence – Impossible Is Nothing

developmentsecret.com

Inspirational Quotes On Persistence · 48 Comments. Share. Email. Earn. By Lockerz · developmentsecret.com. ↑ Grab this Headline Animator. <. Trust Yourself ! No man with a man’s heart in him, gets far on his way without …

Once you know what needs to be done,  are you willing to do what it takes for as long as it takes?  Do you have the internal passion to drive you past all the naysayers?  Do you have the discipline to direct yourself, before directing others?  Do you believe something valuable is worth waiting for?  Is your “why” strong enough to sustain you to the end?  Is your motto, “Never give up!?”

Patience and persistence are yours if you can answer “yes” to these questions.  And you are well on your way to being an example to follow as you work toward, and lead others to business success.

JACK KOETTING

http://www.carfor300.info

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Jim Rohn – Leadership Personified

Posted on January 12, 2012 | Leave a comment
The Wisdom of Jim Rohn

America's Foremost Business Philosopher

Jim Rohn was affectionately called, America’s Foremost Business Philosopher, and was one of the most upbeat and positive people I’ve had the pleasure of listening to.  His uncanny ability for getting right to the point of what matters most, made him highly sought after by leaders in all kinds of organizations.  However, his influence probably affected more people in the network marketing industry than any other.  Jim believed in the learning of business skills, and right there at the top of the list was leadership.

What is leadership?  Leadership is, as defined by Wikipedia, ” the process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task.”  Judging by that definition, and one’s understanding of the importance of teamwork  in network marketing, it’s not hard to see why Jim Rohn resonated so well with networkers, especially in the are of leadership skills.  It was some time ago when I came across a post by  Twila Jacobs that I was impressed with, on the Seven Qualities of Leadership by Jim Rohn.  In this particular rendering, for the first 6, he used “be” and “but not” in combination to make his point.

Whether in print, audio or video, Jim Rohn had the knack for saying the right things that made you think.  Sometimes clever, sometimes humorous, always brutally honest when it came to imparting wisdom on leadership, and how to add value to yourself, as well as  those around you.  Of course,  Jim  himself, was also involved in, and a great advocate of, the network marketing industry.  In these times of economic unrest, I miss hearing his fresh, positive perspective on pursuing the American dream and the success it offers.

If you desire to be a leader in your organization, whether in network marketing or traditional business, you can’t go wrong if you study the philosophy of Jim Rohn.

Challenges to Pursue

15 minute section of classic Jim Rohn. Buy Jim Rohn products at www.yoursuccessstore.com

THE SEVEN QUALITIES OF LEADERSHIP

1. Be strong, but not rude.

2. Be kind, but not weak.

3. Be bold, but not a bully

4. Be humble, but not timid.

5. Be proud, but not arrogant.

6. Be fun, but not foolish.

And then he wrapped it up with

7. Deal in reality and truth.

Short and to the point, these are truly pearls of wisdom from a great gentleman.  Click the link below for more wit and wisdom from Jim.

Jim Rohn Quotes – BrainyQuote

www.brainyquote.com

Share the best Quotes by Jim Rohn with your friends and family at BrainyQuote.com.

Leadership is a learn-able business skill, and one that Jim Rohn personified.  If you’ve been influenced by any of his books, audios, or videos, feel free to comment below.

Jack Koetting

www.carfor300.info

www.carspluscashsystemrocks.blogspot.com

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Make the Right Choice – Always.

Posted on December 30, 2011 | 1 Comment

Sometimes it’s easy, and sometimes it’s not.  Sometimes the right choice is obvious, and sometimes it takes research, discovery, or perhaps study.  And let’s admit it, the possibility of always choosing the right path is probably not going to happen, but as leaders, (whether in business, or anywhere else) we should always strive to make the right choice.

One should always strive to make the right choice.

The right choice strengthens your character and illustrates your integrity.  When you choose to do the right things, it shows those you are leading that “character matters”.  Making your goals and aspirations subordinate to those of others builds trust.

The right choice demonstrates responsibility.  When you realize that you are the one that is ultimately responsible for your own success, you set an example for those that are following you.

The right choice should always be in harmony with our values. Too often in the world today, decisions are made because they just affect others, but the real challenge is to always do the right thing, even when it’s uncomfortable, or negatively affects us personally.

For real leaders, the message is clear.  Make the right choice – always!

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Posted in Career, Entrepreneurship, Leadership, Opportunities

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Relationships Are the Key

Posted on November 19, 2010 | Leave a comment

Newsflash!  Relationships are the key to success in any business endeavor.  OK,  not exactly an earth-shattering announcement.  But true, nonetheless.  In fact, one might argue that the statement is just common sense.  After all, regardless of the type of business or industry you’re in, how well you get along with people will be a big determining factor of how well you succeed.

But if your business or industry is in the networking or internet marketing arena,  the advice is even more pertinent.  And in fact, we can expand it to not only how well you get along with people in general, but specifically how you build relationships with the right people that can further your career and/or income potential.

Bottom line, the better your relationships with those that are a positive influence on you, the more likely you will be a business success story.

Feel free to add a comment, tweet, or share your thoughts.

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