Month: April 2018

Tips To Become A Successful Entrepreneur

Entrepreneur blogger

When people think of the word entrepreneur, they automatically think of success. Unfortunately, not every person who is an entrepreneur is successful. Being an entrepreneur simply means starting your own business, and doing your own things. While this requires more drive than usual, and can breed most successful people, there are plenty of people out there who have tried, and failed, in their entrepreneurial activities.

With that being said, there are different things that can be done to help someone in their quest to be an entrepreneur. There is no formula for being a successful entrepreneur; every situation is different, meaning that the way to be successful in each situation is unique. There are a few tips that can help you to be the successful entrepreneur that you are looking to be, however.

1. Be Patient

Patience is one of the most important aspects of trying to become a successful entrepreneur. There is a lot of hard work that goes into trying to build your own company or start your own venture. While there will be amazing highs, there will also be near devastating lows. The patience required for a successful entrepreneur will help you to whether the bad times, allowing you to push through to the good. No venture is easy; having the patience to stick through it and keep a level head is crucial to becoming successful.

2. Pay Attention to Detail

Becoming a successful entrepreneur is all about making sure that everything you do is the correct step. While there will be setbacks and mistakes, minimizing these errors is what separates regular entrepreneurs from successful entrepreneurs. By paying attention to detail, you will consider every aspect and think about every decision in a precise manner. This attention to detail is crucial for avoiding missteps that can be costly and ultimately lead to the demise of your venture.

3. Never Go it Alone

While becoming a successful entrepreneur is all about becoming your own boss, making your own money, and owning your own venture or ventures, it is not something that should be done alone. Having connections and a support system is important to becoming a successful entrepreneur. Having connections will help you to make your path to success easier, as these connections can hook you up with deals and information that will help. Having a support system will help you to stay focused when the times become rough. Going through an entrepreneurial venture alone may make it too difficult to become successful.

While there are many different aspects to turning into a successful entrepreneur, these few tips are the basic building blocks that are needed in every situation. Possessing these skills will help you to deal with the individual and unique issues that will show themselves as you start your career or new venture. By being patient, paying attention to details, and having a support system, you can put yourself on the path to becoming that successful entrepreneur.

A Small Business Review The Pros & Cons Of 5linx

Entrepreneur blogger

From the Desktop of Stephanie Robey, Internet Entrepreneur

Why Read This 5Linx Review?

I am NOT a distributor or an employee of this company. I have an MBA and have spent many years learning things the hard way that eventually led me to be an expert in this industry. I have over 2 decades entrepreneurial experience in various businesses, primarily start-ups and am writing this so you can make your own decision about 5Linx as a business opportunity.

5Linx provides technology through a traditional Network Marketing business model. I see a huge opportunity for distributors in this company and will tell you exactly why at the end of this review.

Any business start-up will require your money and your time. Lots of both. MLMs are unique in that the startup costs are considerably less than say, a franchise, or a start-up. Never the less, you’ll need a mindset for success and the ability to really focus and get things done on your own.

The company has a sensible management team and a great compensation plan. I believe there are opportunities here to make a decent income if you understand how to market this company utilizing new technologies and marketing systems.

Read below for specific details.

Review of Pros & Cons

Reputation

No glaring complaints jumped out in regards to the company. There were several distributors online that had switched to other companies with similar product lines but all were professionally handled with no “word slinging”.

Looking online at the FTC (Federal Trade Commission) site revealed no outstanding complaints, either. The Better Business Bureau (BBB) in Rochester, NY, showed dozens of complaints, all resolved. No government action or ad infringements currently existed against the company.

Years In Business

According to the BBB, the company has been in business since January, 2001. It’s always good to go with a company that has been established for a few years because statistics show most businesses will fail in their first 12 months.

5Linx Review: Management

The Company has a well-rounded team that encompasses each area of the business: cellular sales, product development and direct marketing. Sales expertise is always helpful and this team has it. Companies lacking sales aren’t in business for long. The sales criteria is met with this company.

Craig Jerabeck, CEO and President has been with the company since 2001. With a background in cellular sales at the retail level and plenty of management experience, Mr. Jerabeck is an excellent choice for this entrepreneurial venture.

Jeb Tyler, Executive Vice President – Marketing, holds a degree in Business Administration focused on Marketing but the corporate website says very little about his experience elsewhere. Mr. Jerabeck’s experience probably compliments Jeb’s.

Jason Guck, Exec VP of Sales, has experience in the direct marketing industry, critical for the distribution method the team has chosen. Mr. Guck has had years of success building sales orgainzations.

5Linx Review: Financial Stability

At the time of this writing, the company is privately held and listed on INC 500 as one of the fastest growing companies in the country. Not a bad sign. Growth has been over 800% in a 3 year period.

5Linx Review: Products

Wireless Phones and Accessories, Internet and Long Distance Services plus High Speed Internet and Satelliet TV make up the company’s product line. VoIP calling plans comprise the most popular of their services. I found no complaints about the quality of their products or services.

5Linx Review: Competition

This market has a lot of competition with familiar brand names which could make it difficult to convince people to switch. However, positioned properly with the ability to identify prospects, this could be a lucrative opportunity. Today, everyone uses phone services.

5Linx Review: Compensation Plan

This is a traditional MLM direct marketing model. You can earn money when you sign on new distributors to work the business as well as a residual income when customers pay their monthly bill for services. There’s also a monthly profit sharing bonus pool.

Plus, the top producers also get a leased BMW and benefits similar to traditional corporate executives like vacation time, health care and others bonuses. The top level also receives a car upgrade to a Bentley and more profit sharing.

Opportunities start at $99 (limited) and increase to $499.

5Linx Review: Leadership

The biggest disappointment about the business is that they are still using the old-school methods of marketing: the 3 foot rule, home and hotel meetings, personally contacting people. Interesting, considering they are selling such a high tech product.

Remember, you need a lot of people looking at your opportunity daily, in order to reach the goal of one new sign-up per day. Take a look at the top producers. Interview them and sit in on one of their trainings. How do they market and train their team? Look for a “blueprint”, or a “system” that will get you started step-by-step.

See Training below.

5Linx Review: Training

Marketing materials, group trainings conferences and calls are provided at both the local and national level. This is pretty typical of MLM companies. They pitch the “old school” style of marketing and it’s the #1 reason people fail: chasing prospects and attempting to convince them that they want your offering. This is a difficult way to work the market and strange considering the products they sell.

On the Internet, you’ll be able to get between fify and 200 leads, daily.That’s actually, several hundred people per day, looking at your opportunity. Physically talking to that many people is tough and that is the beauty of the Internet where they come to you. People will actually flock to YOU.

Massive Income Awaits 5Linx Distributors

Leverage the Internet. The big questions – where is it people shop when they purchase electronics? ONLINE. This is a great business, expecially when the products are sold via Attraction Marketing and the Internet. The distributor who uses the Internet for their business will dominate the market in a matter of months and that’s exactly why I put together this website.

No more:
Home and hotel meetings
Approaching strangers
Burning out your friends and family

Instead, powerful online sales funnels:
People help themselves to the information on your website
They buy online from you, any time day or night.

I’ve done it for my business and many, many others. I can teach you the same exact things that I did.

Lejon Sumling Global Entreprenuer

Entrepreneur blogger

Lejon Sumling grew up in Pomona California. A product of a rough childhood, Lejon broke through the barriers to become a well respected entrepreneur. No stranger to adversity, with his back against the wall, unemployed, broke, and financially illiterate; Lejon at the tender age of 18 was introduced to Network Marketing. Always having the entrepreneur spirit that spawned from his father Larry Sumling. Lejon sought after understanding of how business and Network Marketing works. A few short years later, Lejon has toured and grew sales groups all over Asia, Europe and the Pacific Rim, has traveled internationally, and has grown some of the fastest growing sales teams in the industry. It is with his focus, determination and can do attitude that separates this man from 90% of the population. Although the road to your success is not about Lejon, We would suspect you would want to have a great coach! Lejon Sumling is a Global Entrepreneur.Lejon Sumling Global Entreprenuer He has traveled globally, and has been responsible either as a consultant or distributor for over Million dollars of products and services sold http://lejonsumling.com/.

Lejon’s unique mindset and , -never say die- attitude, incredible work ethic and boundless optimism are the talents he uses to inspire other leaders worldwide. We welcome you to sample Lejon’s global perspective and see how his ideas and techniques can take you to the winners circle in your personal and business life!

Lejon gives back 10% of all his earning to Charities all over the world. If you have a charitable foundation, Lejon would like to know. Please email him and his staff to:

Corporate Insurance In India

Entrepreneur blogger

Risks are part of life no matter whether it is concerning health, property, vehicles, business, and the list goes endless. Thanks to the concept of insurance that provides cover to risks on the said aspects. Insurance India covers the aforementioned risks, acting as a protective financial shield. The corporate sector today relies on corporate insurance to stay safe against business risks. Unpredictable occurrences may turn the entrepreneur a victim of financial crunch or even bankruptcy. With corporate insurance, businessmen can run their business affairs at ease.

The scope of corporate insurance covers employees, safeguarding them against personal accidents, sickness, etc.; business assets such as factories, trading/service properties, etc. In case of any accidents, the costs are borne by the insurer. Certain details need to be furnished while buying such an insurance; these are number of employees (with names, dependents), manufacturing unit specifications, trading unit details, and the like.

Investments involved in buying corporate insurance cannot be compared to other general insurance policies related to health, property, liability, student, vehicle, travel, etc. It is a huge investment and hence before buying this corporate insurance in India, do make a list of all the major insurance providers. Once you have made a list, you can go through the details of benefits covered in each policy offered by each company. Again, this can be a tedious, hectic, and time-consuming task. The best option is to visit an online insurance service provider that enlists all major insurance companies. Even visiting individual corporate sites of each of your listed companies may take your time. Many a corporate entity has relied on EIndiaInsurance.com to buy corporate insurance. It has in its list all general insurance companies in India like Tata AIG, Reliance, Bajaj Allianz, to name a few. The greatest advantage of visiting this platform is that using its insurance comparison tool, you can compare policies in no time. Getting quotes takes only a few seconds. The payment options range from paying by cheque to credit card, and debit card. If you are an entrepreneur and have not yet bought any corporate insurance, buy one and stay protected!

How To Deal With Workplace Conflict

Entrepreneur blogger

Conflict in the workplace can be a real buzz-kill. Even if you have the best qualified team, they wont go far if they are disgruntled. So what can you do to keep that energy pumping and make each day be one that employees look forward to when they roll out of bed in the morning?

conflict management

Using a public speaking workshop to manage conflict

It is critical that business or unit heads understand their team, the intricacies of the work and processes and manage these moving parts well. Leadership training and conflict management workshops can equip your team leaders with the skills to manage conflict the right away. Having a leader that employees look up to, takes more than just a great work ethic. Perception matters too and nowhere is this more evident than on a public forum or at a company-wide event. Most savvy entrepreneurs and business leaders enroll themselves in a quality public speaking workshop to hone their skills.

How to reduce chances of conflict with fun corporate team building activity

If employees have high degrees of dependencies on others in the team due to the nature of their work, then it is even more important to foster healthy relationships. Team building activities away from the office can help break the ice and nurture good work relationships.change management Overcoming obstacles or working together to achieve a goal can be a great way to do this – fun work team building games – whether it is a scavenger hunt, a day of art or building toys for a cause. This degree of intense and close interaction in a lower-stakes scenario helps employees build a mutual understanding which sees them through tough times at work. Knowing where a co-worker is coming from with a certain point of view or action can sometimes even help deflect a crisis or conflict. Another way to reduce chances of conflict is by demarcating roles and responsibilities clearly. This will minimize chances of conflict arising from the classic passing-the-buck move. In case of a failure, it will enable leadership to pinpoint the root cause of the issue and take necessary corrective action fast.

Resolve conflicts swiftly

If circumstances result in a disagreement, it is vital to address the problem immediately. team cultureDo not let the problem fester. Corporate team building activities and employee team building games can help you equip leaders with the skills to act swiftly to solve issues. Bring the concerned parties together and initiate open dialogue.

Communicate

If an employee comes to you with a problem, it is important to hear the other side of the story too – because there usually is one. A work culture that stimulates communication will stand you in good stead should a conflict arise. Healthy and regular employee-to-supervisor communication as well as employee-employee communication can help you identify a problem quickly. It also helps you arrive at a consensus faster.

Be fair with your employees

A third party team building activities company can help you find perspective and work out how to manage conflict in your workplace. If employees know that any conflict will be judged fairly and a solution arrived at, they are far more likely to bring the problem to you before it has a chance to flare up. It will also send the right signals to the team in general, encouraging them to try and rally together in times of crisis. Crisis resolution is an important piece in the business puzzle and how you handle it speaks volumes. In some cases, it could make or break a business deal. So why not get some professional expertise to coach your team leaders and units heads in conflict management?