If you’re thinking about leaving your day job, setting off on your own and building an income as a network marketer– the question you should be asking yourself is; do I have the classic entrepreneur traits needed to succeed as a home based business owner?
In case you didn’t know..
Entrepreneurs are different from other people.
- They think differently.
- They act differently.
- They have a different perspective on work, wealth and life in general.
Entrepreneurs will often see their efforts go unrewarded.
They will watch as their BIG idea gets washed up on the beach with all the other shipwrecks again. They will fail. Over and Over.
But every once in a while they will hit the jackpot.
They will find a way to live life the way it should be lived — with passion, purpose and freedom!
If you’re an entrepreneur looking into network marketing for the first time, you might want to take a look at this post by my friend Ray Higdon.
Classic Entrepreneur Traits are Critical to Success
Network marketers are no different.
They dream BIG.
They fail FAST.
They stay FOCUSED on the end result.
At least those who are successful in building a walk away income from MLM do. And that’s what you want, right?
Of course you do!
Don’t we all dream of building a big downline and living off a residual income for the rest of our days?
Okay, wake up!
Here’s what it really takes to build an income as a network marketer;
These three things won’t guarantee your success in business — but they will give you an advantage over the majority of people trying to build a home based business. Understand that you need to stay the course and put in the time to build a big team and create a solid income. Know that without developing the right skills you will continue to struggle. Accept that to build a real business you must act like a real business owner — and that means investing into your business to help it grow.
So do you have what it takes?
Are you an entrepreneur at heart?
or do you avoid all risk and look for a safe, stable life working 9-5 for The Boss?
The Classic Entrepreneur Traits You Will Need To Succeed
Want to see how many of these entrepreneurial qualities you exhibit?
- Work Horses
Successful entrepreneurs are hard workers. In fact, some never retire because they simply can’t bring themselves to stop working. Home business owners need to wear many hats and be willing to pick up the slack in order to achieve success. If you are a couch potato or a strict 9-5 person, you may not cut it as a business owner.
- Goal Setters
Successful people set firm goals – and write them down. Goal setting is a classic trait shared by almost every successful network marketer. Goals give you something to work towards, a sort of schedule for your achievements. Successful entrepreneurs are always reaching farther and pushing themselves on to their next milestone.
- Know Strengths – And Weaknesses
Successful people know what they are good at – and they know what they aren’t good at. Knowing personal limitations is a key trait of successful people. An entrepreneur should know when to shelve his or her ego and learn a new skill or when to hire a person who already has that skill. In network marketing this is critical to your success!
- Know When To Ask for Help
Along with knowing one’s personal limitations comes knowing when to ask for help. Ask yourself “what does an entrepreneur do when faced by challenges like those I have right now?”. Successful entrepreneurs know when to call in reinforcements. They also know the benefits of learning from those who came before them. If you quiz any successful person, they’ll probably tell you that they have had mentors along the way to help guide them toward success. They model their own habits off the habits of the successful people who came before them.
- Business Experts
Business owners must know their business and they must know everything about it. If you want to be successful in the industry, be prepared to read everything you can on your business, attend trade shows and conferences, join professional organizations – whatever it takes to become (and stay) an expert in the field.
This also means knowing everything there is to know about your competition. What makes them successful? What are their weaknesses? In the business world, you cannot exist in a vacuum. You must always be learning, and you must always be an expert.
- Money Managers
Successful entrepreneurs are good with money. They know how to budget, how to stick to a budget, and where every penny is coming from and where it is going. They know interest rates and how to manage lines of credit. Some people have a knack for this sort of thing, others need to work at this trait, but if you don’t learn the art of money management quickly, your MLM business could suffer.
If you find you exhibit some of these traits, but not all, this doesn’t mean you can’t run a successful home based business — it simply means you know what your limitations are. This will help you to focus on your personal areas of development. Remember, it takes time, focus and long term vision to reach your goals!
By the way…
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