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  • Juggling Multiple Businesses Is A Bad Idea

    Posted on May 19th, 2009 admin No comments

    Here is what I find on many forums and home business social sites. Most people are juggling multiple businesses in hopes of one of them leading to financial security. Your time would better spent on focusing on one business. People that aren’t making enough money in one business tend to jump around to multiple businesses. I am telling this is a mistake and you will almost never do as well as if you got laser focused on your primary business. Look for companies that are backed well financially, have good corporate leadership and field leadership with free training, comp plan should be generous and fair. Is the company growing every year? Is the product unique and reasonably priced?

    If you start a business with a reputable company and people are making money by sponsoring and moving products then it’s a business that you can make a lot of money with long term. The business model in network marketing/mlm is solid and is one of the best opportunities you can start on a shoe string budget but 95% of the time the problem isn’t with a company it’s actually with YOU.

    Ask yourself these questions:

    Am I willing to put in the work in Net(work) marketing?
    Am I treating it like a big business?
    Am I working my business everyday or am I shuffling papers and organizing my desk acting like i’m working?
    Am I gaining the skills I need to be better because I know my weaknesses?
    Can I pickup the phone with confidence and call my prospects?

    Think twice about trying to run multiple “businesses” at once. You’ll find many of the businesses you’re toying with aren’t worth the time or effort in building and won’t be around in a year from now.

    Stop the “get rich quick mentality” and build long term.

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