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WELCOME

WELCOME. Financial Elevation Series –Your Business Finances – Part 1. Before a person can Succeed, they must first learn to Survive. Important Words To Know & Understand In Business!. CASHFLOW / CAPITALIZATION LEVERAGE TAXES VELOCITY / FREQUENCY BUYING POWER CREDIT SCORE. E Quadrant.

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WELCOME

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  1. WELCOME Financial Elevation Series –Your Business Finances – Part 1 Before a person can Succeed, they must first learn to Survive.

  2. Important Words To Know & Understand In Business! CASHFLOW / CAPITALIZATION LEVERAGE TAXES VELOCITY / FREQUENCY BUYING POWER CREDIT SCORE

  3. E Quadrant EMPLOYED: “Your JOB owns you!” The Cash Flow Quadrantsaccording to Robert Kiyosaki, author Rich Dad Poor Dad B Quadrant • BUSINESS SYSTEM OWNER • FRANCHISING • NETWORK MARKETING The Myth: “Go to school Get good grades Get a job The company will take care of you” SELF-EMPLOYED: “You own your JOB!” INVESTMENTS S Quadrant I Quadrant 3

  4. Income through Organisation (Recruit) Income through Customers (Retail) Multiple Streams of Income B Quadrant: Multiple income streams Income Why an Organisation S Quadrant: Single income stream Time

  5. Average Cost of a Traditional Small Business • Average cost to open a small business is $100,000.00 • 90% FAIL in the 1st year • 10% take 3 years to brake even • Business monthly expense average $30,000 - $60,000+ • Responsible for implementing business procedure, accounting, training, support and much more...

  6. Herbalife is The Average Person’s and Smartest Person Best Way to Reach Financial Freedom • Herbalife takes the responsibility researching and developing our cutting edge state of the art incredible products • Herbalife manages the employees that serve us • Herbalife will participate in training your organization • Herbalife does the big Promotions we have to do the little ones • Herbalife insures that we get paid every month and even 2 times a month!

  7. Treat Your Business Like a Multimillion Dollar Business • Stretch your thinking and Imagine what it will be like to a successful business. • To have a serious business you have to treat it seriously by doing the following: NUTRITION CLUB • Personal Invitations (see what everyone is talking about) • Track your business using gauges • Work your plan and plan your work • Discipline, Skill set and beliefs

  8. Vision Financial Matrix Model • The ability to leverage cash flow is what will allowed you to CREATE MOMENTUM • The business model illustrates the importance of changing our thinking from a mom and pop business to a multimillion dollar business. • Life time value of a Nutrition Club vs the Cost of Starting one

  9. How is your Herbalife business similar to a traditional company in Corporate T&T?

  10. It’s not just YOU alone in your Herbalife business • Traditional companies have employees • Those employees have duties and responsibilities • How those duties are performed (good or bad) will ultimately affect the company’s bottom line.

  11. Traditional companies have a “Chain of Command”, your Herbalife business has a “Marketing Plan” 14

  12. Know what that Chain of Command is and understand how IT works. (Corporate T&T) • CEO/President • Vice President levels • Division Managers • Regional Managers • District Managers • Ground level managers • Workers • Income: Salary, Hourly, Yearly increases, possible wage freezes, lay offs and down sizing. • YOU have no control!

  13. Understand the Marketing Plan and how it works FOR YOU! (Herbalife)

  14. Common reasons for failure. • Change the plans too frequently (90 days) • Not consistently doing all 4 steps • Not reinforcing enough • Not walking the walk • Not recruiting first line yourself

  15. The Key to success is Knowing and Applying the Basics.

  16. Use the Products: Gain a belief and passion for the results! • Buy from your own store • Never buy from the competitor • Inspire your team to adopt the same beliefs.

  17. Retail the Products: Understand what role retail plays in your business. • Retail produces cash flow • Use the cash flow to fund operating expenses • Use cash flow to fund your advertising for recruiting • Re-invest in your business to grow your income

  18. The 9 Step Plan Step 1 – Attracting Customers • Invitations and flyers for Nutrition Club or Weight Loss Challenge Step 2 – Wellness Evaluations • Weight loss tools, scales, charts, measurement devices Step 3 – Referrals • Referrals for new customers, gift certificates Step 4 – Promoting Step 5 • Promote your Nutrition Club, Weight Loss Challenge, Healthy Breakfast, and/or Product Step 5 – Weight Loss Challenge/Nutrition Club/Product • Calendar of events/activities, videos of clubs and challenges Step 6 – Customer Follow Up • Use the new Customer Profile journal, and offline customer tracker, to follow up with customers offline. Step 7 – Recognition • Recognize users achievements with certificates, diplomas, pins, trophies, etc. Step 8 – Developing Circles of Influence • Build a circle of influence amongst your customers Step 9 – Business Opportunity • Offer the business at some point to grow your organization.

  19. Person Products VP 35% Customer Profit Price Mine 2 x F1 Shakes 110.40 $767.03 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. Customer 1 2 x F1 Shakes 110.40 $767.03 $1,075.58 $308.55 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. Customer 22 x F1 Shakes 110.40 $767.03 $1,075.58 $308.55 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. Customer 3 2 x F1 Shakes 110.40 $767.03 $1,075.58 $308.55 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. Customer 42 x F1 Shakes 110.40 $767.03 $1,075.58 $308.55 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. Customer 52 x F1 Shakes 110.40 $767.03 $1,075.58 $308.55 1 x 50g Herbal Tea 1 x Herbal Aloe Conc. TOTAL 662.40 $4,602.18 $5,377.90 $1,542.75

  20. Recruit Distributors: Understand what role recruiting plays in your business • Recruiting produces Customers, Distributors, Supervisors • Customers produce retail profit through reorders • Distributors produce wholesale profit (volume producers) • Supervisor produce royalties 5% • Royalties move you up the marketing plan which earns production bonuses 2%, 4%, 6%

  21. A Healthy Business: • Designates retail and wholesale profit to fund the expenses of the business • Uses Royalties as your salary! • Save your Production bonuses • Maintains a Balance between retail and recruiting. • YOU are in control of your INCOME and your FUTURE!

  22. Make a decision to run your business like a business • Organize! • Operate! • Assume the Risk of your Herbalife Business

  23. The End

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