Category Archives: Entrepreneurship

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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Leadership – What Makes a Good Leader in Network Marketing

Posted on January 21, 2012 | Leave a comment

Image via Flickr

SO YOU WANT TO BE A LEADER

Leadership – a necessary skill if you’re to develop a team and have a chance to attain success in the network marketing industry.  A leader must have followers.  And a leader must do certain things to be a good leader.  Are you a leader?  Do you know what’s required  in order to be the type of leader others look up to?

If not, perhaps I can provide some insight.  My mentor, Steve Shook, recently hosted a leadership training event, in which he discussed what he called the 10 Attributes of a Good Leader in Network Marketing.

Ten Attributes of A Network Marketing Leader

  1. Have a goal larger than those you lead. Your downline needs to know you’re planning for the future, and want to bring them success.
  2. Have a greater and more positive attitude that those you are leading.
  3. Accept responsibility, and be willing to admit your mistakes.
  4. Make positive decisions.  Always strive to do the right thing.  (For more on this point, click Make the Right Choice)
  5. Put those you’re leading first.  They will work harder when they realize your goal is their success.  (People don’t care what you know, until they know that you care.)
  6. Lead by example.  Don’t just tell them – work with them and show them.  This sets the right example for your downline.  (Check out the leadership lesson from the dancing guy video at the end of this post.)
  7. Commit to integrity and character.  Yes, character does matter.  Your downline will have confidence in you if they see you doing the right thing.
  8. Strive for excellence in everything.  You may not get there, but you should strive for it, nonetheless.
  9. Improve personal growth and development.  Work as hard on yourself as you do on your career.  Seek knowledge. (An excellent source is Jim Rohn.)
  10.  Must have high level of persistence and determination.  In network marketing, it’s very easy to quit.  Do whatever it takes, for as long as it takes.  In fact, I’m reminded of a quote on a website featuring inspirational quotes that goes like this:

Success is failure turned inside out –

The silver tint of the clouds of doubt,

And you never can tell how close you are,

It may be near when it seems afar,

So stick to the fight when you’re hardest hit –

It’s when things seem worst that YOU MUSTN’T QUIT!

 

First Follower: Leadership Lessons from Dancing Guy

Official transcript at sivers.org — If you’ve learned a lot about leadership and making a movement, then let’s watch a movement happen, start to finish, in under 3 minutes, and dissect some lessons: A leader needs the guts to stand alone and look r…

duncanbrodie

Do u lead by example with only the best interest of another individual as yr motivation? Read more here http://t.co/JRA3IDZ6

Another perspective

2012 January 09 – Leadership Freak – Helping leaders reach higher in 300 words or less

http://leadershipfreak.wordpress.com/

Successful leaders exhibit these 30 qualities, behaviors, and skills. Which leadership qualities do you find most important. Which qualities/behaviors did we miss. Item one is first because it’s most important. The rest are listed randomly.

BE THE LEADER YOU CAN BE

Leadership can take many forms, but you must provide the right example that will attract others to follow you.  I’m looking for other leaders.  Become the leader in you!

Jack Koetting

www.carfor300.info

www.carspluscashsystemrocks.blogspot.com

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Inbound Marketing – Changing the Face of Network Marketing

Posted on January 16, 2012 | 1 Comment

INBOUND MARKETING:  DO YOU NEED IT?

That’s a good question, and if you’re a networker, maybe this post will assist you.

FIRST – WHAT IS IT?

Inbound marketing is a fairly new term, but one you will be hearing more and more about.  If you are in the internet marketing or network marketing industry, you better make it a point to learn about what it is, and how it works, because I feel it is changing the way internet and network marketing is done.

Perhaps by drawing a comparison to traditional recruiting and lead generation techniques, which we refer to as outbound marketing, we can gain a clearer understanding of what inbound marketing is.  Things like infomercials, newspaper ads, sending out dvds, traditional cold calling of prospects, even hotel meetings depend on interruption of a prospects time.

Inbound marketing, on the other hand, encompasses more of what Seth Godin calls “permission marketing”, including things like social networking sites, i.e. Facebook, Twitter, and YouTube.  Creation of websites and blogs, to provide relevant content for potential customers/business partners you’re trying to attract, also falls within that realm.  In addition, relationship building plays an integral part of inbound marketing.  True, it is part of outbound as well, but is more in the follow-up phase of the process.  Finally, don’t forget the importance of search engine optimization, known as SEO, to get higher rankings on Google and other search engines, because when your prospect is looking, you want to be found.

Where outbound marketing is like throwing mud at the wall to see what sticks, inbound marketing counts on attraction by a tightly targeted group of people.

Webinars, or presentations over the internet, could be considered both, depending on whether with a fixed time frame is perhaps an interruption, or with a flex time component, is part of the discovery or evaluation process.

SOME PERSPECTIVE

Inbound Marketing vs. Outbound Marketing | Inbound Marketing …

www.conversionpipeline.com If you are reading on the internet about new marketing strategies, I am sure you have heard the term “inbound marketing” thrown around. Inbound marketing is more of an approach rather than a new marketing service.

INBOUND MARKETING – WHY IT’S GOOD

What are the pros and cons of inbound marketing?  The pros are that in most cases, the cost factor is much less than outbound marketing.  Another obvious pro is that you’re attracting people instead of coercing them.  You’ll also be taking advantage of growing trends, instead of declining ones as the infographic below represents.  Appealing to a highly targeted prospect who already has an interest in your product or business opportunity, is certainly an advantage over traditional methods.

 

 INBOUND MARKETING – THE DOWNSIDE

As far as the cons, one would have to admit that, in most cases, it takes longer to get results with inbound vs outbound marketing.  Besides that, being willing to learn, and do inbound marketing, will require more effort and education than knocking on someone’s door and handing them a DVD.

You Oughta Know Inbound Marketing

hubspot.com HubSpot’s Rebecca Corliss sings her heart out about the horrible life of an outbound marketer. What’s Inbound Marketing? http Credits: Rebecca Corliss (@repcor): Lyrics and Vocals David Fisher (@tibbon): Accompaniment and Music Recording …

IT’S UP TO YOU

The old ways still work, especially if you’re lucky or determined enough to find the right person, at the right time, with a strong “why”, with the resources,… but it’s getting harder and harder to do it that way.  And I truly believe that way is slowly fading away.   It seems today’s network marketer needs to be aware of the benefits of inbound marketing.  That means being connected with Facebook, YouTube, and other social media sites.  They also may need a blog, and go after Google rankings, as well as keep working on their relationship building skills.  As Harry Caray might have said, “Holy cow! It’s a brand new ballgame out there.”

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Posted in Blogging, Entrepreneurship, Marketing, Network Marketing

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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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