Thursday, November 18, 2010

You've made the decision, now where to start?

You've made the decision to start your Home-Based business but are not sure where to begin. I would like to offer some advice as a seasoned entrepreneur.

  • Get setup ASAP. Business cards, clothing, catalogs, signs for your vehicle are important to advertise to others that you are a Distributor of said company.
  • Use the products your self. . Become a product of the product, a walking testimonial. Using your products with success will inspire confidence when you speak to others. 
  • Make a list, or make several lists. One of everyone you know personally, another of at least 100 businesses in your immediate area. Keep it within 50 miles radius
  • Become Genuine. Genuine about yourself, your product and your customers. I call this keeping it "Real"
  • Let your friends, family, and acquaintances know what you are doing. This should be done as announcement, not a sales pitch.
  • Be prepared to give yourself time to get your business established. This will be at least 24-48 months. That's right 2-4 years. If you cannot make that commitment then don't even get started. This is a business not a get rich quick scheme.
 After you have decided to get started, find yourself a few mentors. The reason is that no one works their business the same. This means you will want to follow advice on several different people until you can add your own ideas, flair and personality. Don't start off reinventing the wheel, do what has worked for others until you have the resources to give your own ideas a try. If you start off doing it "your way" you will fail and you will lose money. Don't ask me how I know this.

If your company has awards and recognition use that as a goal sheet. Ask yourself, what do I have to do to get the first award from the company. Start right away working towards that goal. You will also want to use those recognition levels as your goal sheet. Set a time line that you can accomplish. Put a date beside each goal, you might want to work with your mentor on this as they will have more experience on how hard or how long it takes to reach each level.

One company that I have worked with has a Rolodex Award. This is a special award the mentor gives out when they have talked with and followed up 100 people. This sounds like a great way to build up your contact list. Get to work on something like this as well. Talk to 100 people about your business, show them what it is you do, then follow up. Once you do the show, and follow up then check them off your list. When you get to 100, give yourself an award.

One of my favorite mentors is the late Jim Rohn. He has been called America's Foremost Business Philosopher. I recommend listening to his material as well as reading his books. The things that he talks about will change your life as well as your thinking. I can't talk enough about reading the books and listening to the tapes.

On average I recommend reading at least 1-2 person development books per month. The more you read and absorb, the more you will have the confidence, the knowledge and the desire to succeed in your business.

I can tell you, it won't be easy at first. There will be days you feel like giving up, that no one is interested in your product or service. Read the books and it will help you get through those times.


There are many great books that I have read and continue to read. Please take a look at my Recommended Reading List I have personally read every one of these books and they have all been a positive influence on my life.

Few last things you need to get started on right away in your new business is finances. You might not be in a position to have extra money right now but if start out right, it will be much easier once your business is rolling full swing.

When I started my mentors never mention much about taxes, business expenses, accounting / bookkeeping etc. I had to go out and find all this out on my own. After that I share with all my new distributors the programs that I have found useful.

One program that I have been using for years is a simple and effective bookkeeping software called Home Business Tax Helper. www.homebusinesstaxhelper.com It's inexpensive and has a lot ideas already in the program for the business expenses you should be taking.

Next you will want to set up a separate checking account. Use this for all business expenses, even if you have to add money to it from your personal account. This will help you keep track and prove that you are serious about your business.

Lastly, you will want some sort of filing system. At first one of those file boxes will work. As your business grows you will want a cabinet of some sort. Keep your business receipts separate from your personal ones. Come tax time you will save yourself a lot of time and frustration if you get your financial house in order.

Starting out your business is an exciting time. Get started right and you will see success in no time.

Happy Prospecting.

Michael Sparks--Entrepreneur

Tuesday, November 2, 2010

Is News and Politics Bringing your Business Down?

Today is election day in america. Imagine that, millions and millions of people going out to "pull the lever" on the favorite candidate (or least unfavorable candidate) in hopes that some things will change, and hopes that some things will stay the same. The question you must ask yourself is, How much will all this change my own personal situation? Jim Rohn says "Not Much."

It's your own personal philosophy that determines your future. You can start at any moment you choose to take responsibility for the changes necessary to create a better future for yourself and your family. Humans are the only life form that can make changes like this. Develop the ability to redesign your future, tear up the script from the last 5 years, 10 years etc.....

Maybe you have pennies in your pocket, maybe you don't have the relationship you want, maybe you're overworked, out of shape, over weight and you are blaming everything but the real reasons for the mess you are in.

Reading the books, listening to the tapes, working with positive, successful and outgoing people are what changed my life. The Democrats and Republicans had nothing to do with it. The negative news on TV every night had nothing to do with it. I'm telling you turn all that negativity into something useful that you can take hold of and use to your advantage.

Jim Rohn was a speaker and business philosopher that has helped me tremendously. I started listening to Jim in the very beginning of my business venture and his words rang so deep with me that to this day I am a different man for listening.
With many quotes, ideas and sayings, you cannot go away without using some of his stuff. The Challenge to Succeed is a must for any listening library. This 6 CD set covers every idea you need to make yourself a better life. Some ideas that really seem appropriate for days like today.

Jim Rohn says:
"How come you find yourself in an unfortunate position, age 25. I had more of a tendency to blame the Government. It's those Democrats. I used to blame interest rates, or I used to blame taxes. Taxes are too high. Guess what the top tax rate was when I started paying taxes? Ninety-One percent, top federal tax rate. Now the top federal tax rate is about thirty-three percent. But people are still saying taxes are too high. See that old dog won't hunt as we say in Mississippi"


You see your personal philosophy is what matters."If you just depend on the wind that blows to determine your future you will be blown into the rocks. You can't depend just on the wind. The same wind blows on us all. It's the set of the sail that determines where each of us is heading."

Regardless of the wind that blows it takes you to where you want to go, as long as you have the right tools. You can do anything you wish to if you put your mind to it. Start today with the right tools, using your own mind, your own ability to learn something new and find new ideas that can really effect change.

As I sit here listening to the local news I'm wondering who is going to win in this election today across the country? I know for certain after pulling that lever who the real winner is:

I am a winner with my personal philosophy!



So as you leave your polling place today, think for a second. What real change Am I going to make in my life?


Michael Sparks--Entrepreneur

Nov 2, 2010 is dedicated to the late Jim Rohn (September 17, 1930 - December 5, 2009)