Right From An Entrepreneur's Experience
Yes, what you are about to read is coming directly from me!
I have three years invested in being an active entrepreneur. To clear up some confusion that I have recently had some conversations about and have read about on social media in regards to being an entrepreneur I would like to discuss the myths and the truths that people have mentioned.
We get rich quick: This is a false statement. It takes time as it does with any job to build up an income. It takes dedication, sacrifice and consistency.
We receive monetary amounts for recruiting people into our business: This is a false statement. That would be considered a pyramid scheme which is illegal.
Here is the definition of a pyramid scheme: Pyramid schemes concentrate mainly on making quick profits earned by selling the right to recruit others. Pyramid schemes focus more on recruiting other participants than selling the product or service, making little to no mention about the market for the item. Pyramid scheme participants try to recoup their investment in products by recruiting potential investors.
We can work with whom we choose to work with: Yes, when you decide to become an entrepreneur and invest into a business that you will build and you will choose who you would like to work with. You have a gift that is making your life better and you want to share it with as many people as possible to show them a better way for them and their families. Being an entrepreneur is essentially your own business because you are an independent associate but we work as a team to be successful. There is plenty of support and no competition or discrimination. We lock arms and help each other succeed. You simply cannot grow a business alone.
Meetings, conventions and traveling is mandatory: This is a false statement. While it is highly recommended to successfully grow your business and be a leader to your team to attend meetings and conventions it is not mandatory. It is your own business, you are the boss. Your business will grow to where you want it to. Those that show up at meetings go up. The conventions are full of experienced entrepreneurs sharing their success as well as teaching us how to be successful. The speakers at the conventions are absolutely genuine and full of knowledge. As for the travel, incentive trips and vacations. Those can be won! Anything that you invest in to attend any event is a tax write off. Airline, hotel, food and tickets and so on. Write that those expenses off! I personally attend as much as possible to grow as a person and to grow my business.
How do we get paid: There are many multi-level marketing businesses to choose from whether it is a product or service. Therefore there are many different compensation plans. MLM is a very lucrative market. Each company sets the stage and puts the money on the table, the money is their for the grabbing. It is up to you how much money you want to make. You get what you put into your business. You are responsible for your success as you are responsible for your failure. If you work for it you will have it. But there is no claim in any MLM business that you will make money.
We as entrepreneurs all have a different reason for deciding to grow a business. My reason for becoming an entrepreneur is for my family and myself. I am building a business to allow myself time and financial freedom. I am taking control of my life. Making my dreams come true instead of someone else's. My business is not interrupting my core job because I am my own boss. I decide when, where and how many hours I put into my business. The structure of MLM is similar to a pyramid. That is where a lot of people get confused and label our businesses as a pyramid scheme. Every single business has a pyramid structure. Yes, even the one you work at. The business typically has a CEO to an office manager and so on just to name an example. Being an entrepreneur is another revenue stream for me. I absolutely love it, the people I work with and the future I am creating! I am all in and you are welcome to join me and my team. It is our future and being an entrepreneur is the new YOU! Go get what is yours!
Boss Babe, Jennifer Xo
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