Tag Archives: compensation plan

Hand Up or Hand Out

Video

Do you have an overall end plan?

On Friday last week I attended a very interesting event with David Erickson of the Federal Reserve in San Francisco (author of Investing in What Works for America’s Communities) and Miami Dade County Commissioner Daniella Levine Cava. There was also a panel of 3 local influencers.

I was very moved with the amount of non-profit organizations that are working to make cities livable to the under privileged, unemployed or underemployed. The thing that touched me the most was just how separated and disjointed they felt amongst each other.

The low income housing person for the city was on the panel. He was stating how so many units were developed last year and they see so much more growth.

I was so happy that I got to ask a question. Hand up or Hand out? When for instance low income housing puts people in homes, what is considered successful? Is it when the units are occupied or when an occupant moves out because they got back on their feet? I said a bunch of other things as to what was covered in the presentation and panel discussion and some of what I do to help non-profits. When I finished 4 of the people on stage looked completely lost!

As a business person I look at the overall and my mind starts asking questions as to how to solve the problem. This problem may not be what others (especially the higher ups) think the problem is. David Erickson in his inspiring presentation stated that we must start thinking differently about helping communities. Then someone talked about higher education. What I don’t understand is graduates of higher education are just as unemployed and underemployed as those who didn’t go to college. I think another avenue should be explored. In middle and high school entrepreneurial and personal financial skills should be introduced.

I have a master degree in IT and a bachelor in Business. The companies that I’ve met with in South Florida have told me that they can’t afford me. What is up with that? Thankfully I’ve always been entrepreneurial by nature and was presented with a company which I agreed with and has the benefits of:

  1. Original members of the management team is still VERY Active with the company’s growth
  2. We are a Product Brokerage firm meaning we don’t manufacture products but work with companies that already have successful products and we broker a more superior version of it
  3. In every Billion dollar industry – the versatility was what I love the most
  4. The compensation plan is simple and promotes helping others succeed
  5. Low investment to start
  6. Ease of start up

The distributors of my company (including the top people) have a limit of how much they earn per business unit, so the company will always sustain itself and everyone is equal. Can the company you work with say this? How much is your company’s CEO make? Basically in network marketing YOU ARE THE CEO of YOUR COMPANY!

Many people I talk with about my company have told me that they love their job or they get paid enough. Are you like this? Do you think of the overall? Are you living pay check to pay check? What would you do if your company downsized you? How quickly would you NEED to be back at work before your debts default? Do you feel the stress of living hopefully above pay check to pay check? Do you have the freedom to take a vacation at any time? Do you ever stop to think when I retire will I be able to support myself or will I have to work to still barely make ends meet?

Watch the documentary “Rise of the Entrepreneur.” If you feel you don’t have time to watch this… you are actually the person who needs this the most. Do you have more time for yourself this year compared to last year? Do you see anything changing so that next year you will have more freedom?

I think we should be working with others to raise and support entrepreneurs. Could you imagine a world where people are truly self sufficient and independent of the developed hand outs?

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