Starting a home based network marketing business and succeeding as an entrepreneur can be difficult without the proper guidance and education. Fortunately, when I started my home business in 1995, I started with a very reputable company and I had incredible mentors to follow. They lead me through a step-by-step process to not only learn the network marketing business and all of the skills I would have to learn to be successful, but to also transition me from being an employee to becoming a big Business person.
Be Coach-able With Your Mentor(s)
I was very “coach-able” because I really wanted to be home with my 8 year old son, and I was tired of missing him everyday (working 14 hrs/day at my job). 😥 My mentors and our company made me see that if I wanted freedom and I wanted to make residual income, then I would have to become a Big Business person or an Investor. I had no clue how to be either one and I didn’t have the money to invest. They patiently allowed me to make my mistakes and were always there to encourage me as I transformed myself and my value system to one of a Big Business person verses an employee. (To learn the differences in values between an employee and an entrepreneur, sign up for my Free 9 Day Video Series on the form below). It wasn’t always easy, and most of my friends and family were employees, so they did not understand why I was changing so much.
The Employee, Small Business Person, Big Business Person, & Investor
I was always encouraged to study personal development and to grow myself. Jim Rohn always said “For Things To Change, I Have To Change. For Things To Get Better, I Had To Get Better.” I heard those words over and over….. One of the coaches who I have studied extensively in the Financial area is Robert Kiyosaki. He is the author of “Rich Dad, Poor Dad“. He explains how there are 4 basic people in the world of business. The Employee (E), the Small Business person (S), the Big Business person (B), and the Investor (I). He taught me that the B & I’s were the ones who create jobs, therefore they are eligible for tax exemptions. The E & S’s work hard for Earned Income which is taxed at the highest rate, verses the B & I’s work hard for Passive & Portfolio Income because it is either not taxed or is taxed at a very low rate. Robert Kiyosaki taught me to become educated in Financial Literacy and to increase my Financial IQ.
Here is Part 2 of the New Rules Of Money by Robert Kiyosaki (Part 1, click here):