Do You Struggle With Attrition in Business?

Are you like millions of other business owners and struggle with attrition in business? The fact is, 8 out of every 10 people who join your business will quit. This is difficult for EVERYONE that has a business and this also happens to everyone, even the rockstars out there, like Bob Quintana, Ray Higdon and Eric Worre.

I also struggle with this and I was excited to catch a webinar by Eric Worre covering struggling with attrition in business.

With low barriers of entry, home businesses often struggle the most with this. To open your own home based Travel Business, the cost is only $299. So, if someone is struggling, it’s as easy to walk away as it was to start your business. Traditional businesses struggle less with this, due to the amount of investment. If someone invests $200,000 into a business franchise, they’re probably going to stick it out and struggle for awhile longer before they call it quits. Or maybe  you have to sign a 5 year lease, either way, you’re committed!

I’ve been in a spot, where I had a $250,000 credit line maxed out, equipment and truck loans for the next 5 years and other marketing commitments, on a struggling business! With EVERYTHING personally guaranteed. I WISHED I could just walk away… Like many people do with a home business.

Some factors to cut down on attrition in business are

  1. Proclaim yourself. Meaning, announce to your friends and family that you have a business and you’re going to be successful at it. State who you are and where you are headed. This puts a little more pressure on you to get into the game and step up to the plate.
  2. Be friends with your teammates. People join your business for you. So nurture those relationships. I’ve made many great, long lasting friends, through business, both online and offline.
  3. Great product experience. If someone lost a lot of weight or improved their health, this is an example of a great product experience. But also is saving a ton of money on a vacation! If someone likes the products of their business, they’re more likely to stick in the business.
  4. Earn MONEY!! When someone joins you in business, make it your personal goal to earn them as much money as you can as quickly as possible! If someone is making money, they’re more likely to continue.
  5. Rank Advance. IF you someone ranks up and has something to be proud of, guess what? They’re more likely to feel like they need to continue.
  6. Build a Team! If someone has a team, they now have something they may regret walking away from. Their team needs them!
  7. Attend an event. When someone goes to an event, magic happens! They become believers.

 

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Get Value? I started this home business to spend more time with my kids and be a better father. 3 boys are expensive to raise so I made the choice to create another revenue stream. Help me by Saving MONEY on your ENERGY AND TRAVEL costs with me. Help stop Air Pollution! Choose Sustainable Living. And Support me! Thank you

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Attrition in Business
Twitter : @Coopsgreenteam 
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Helping others to grow personally and find freedom
I have opportunities in my green energy business and I help others with their businesses.
 PS: If you don’t have a Team, haven’t recruited anyone(or less than 10 people), This is the course you should getClick Here

11 Comments

  1. I like “be friends with your teammates,” Phil. Against conventional wisdom, but fact is, many people stay in home business for the social environment. Well said.

  2. Wow! First off, what a beautiful pup. These tips are wonderful. I’m sharing this with my team. My ladies would absolutely love these tips! Thanks

  3. Attrition is something you don’t hear a lot of Network Marketers talk about. This is definitely something that needs to be addressed. Thanks for sharing.

  4. “EARN MONEY”, nothing says “I made the right move” like a check in hand! Great tips Phil. Looking forward to following you. BOOM!

  5. Attending events is really important for growing lasting relationships 🙂 Awesome post! Most people don’t bring up attrition.

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