The three main ways to grow a business and how to implement them. There are three main ways to grow a business: more clients, increase the frequency of purchase from each client, and increase the average transaction size. If you are a new business, your goal is to bring in new clients or customers. If you…
The fastest way to grow your business and acquire new clients and customers is to leverage other people’s money, relationships and resources (OPM, OPR, OPR). The fastest way to grow your business and acquire new clients and customers is to leverage other people’s money, relationships and resources (OPM, OPR, OPR). The best way to do this…
To grow your business, assets and net worth, it’s important to master two skills. Scott shares them here. To grow your business, assets and net worth, it’s important to master two skills. Skill #1 is increasing your profits in the shortest time possible and skill #2 is protecting those profits along your other assets. Here’s a…
The overall challenge is to understand funding fundamentals just as well as you may understand your network marketing compensation plan and the ways you get paid. In today’s economy it’s more important than ever to understand and implement funding fundamentals to help keep your business up and running. Even though the network marketing industry can be…
Paying yourself from a sole proprietorship is straightforward and simple, but it can end up being very costly at tax time. As a new network marketer, you likely started off doing business in your own name in what’s known as a “sole proprietorship.” Paying yourself from a sole proprietorship is straightforward and simple, but it can…
What to do when you need more money to grow your direct sales business or network marketing organization Do you need more money to grow your direct sales business or network marketing organization? The first step is to operate as a separate legal entity vs operating as a sole proprietorship (which is how 95% of those…
Check out this test you can do that would greatly add to your productivity We are living in a time where our life and business is constantly getting interrupted with thousands of commercial messages every day, from e-mails, texts, instant messages, phone calls, social media, appointments, family, kids, staff… interruptions all over the place! For many…
Leveraging other people’s resources and assets is THE MOST POWERFUL way to grow your business. Leveraging other people’s resources and assets is THE MOST POWERFUL way to grow your business. As you know there are many skills involved in that process. The Top 5% Club has covered several articles on this powerful process. In this article,…
The major challenge is, where are you receiving your advice on your business? Networking distributors start off their business typically as a sole proprietorship or a separate legal entity. Most may not even know what type of business structure they have at all. Most, by default, start the business in their own name and later determine…
You must realize that you are paying too much in taxes, have a higher risk of IRS audit, no marketing advantage and have unlimited liability and forming a separate legal entity is a must. You started your business with one approach, in your own name as a sole proprietorship. Perhaps, your accountant told you to “keep…
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