In this continuing blog series, Prosperity of Life co-founder Shane Krider interviews his wife, Rachel Krider, about how her experiences with this company compares to experiences she’s had in the past.
Shane Krider
I remember when I was thinking about getting started as an entrepreneur and I had these ideas that were keeping me from pulling the trigger and taking the leap. One of them was this statistic that I heard that 80% of small businesses fail within the first two years.
Rachel Krider
I heard the same one.
Shane Krider
That almost kept me out of the game. What do you think about those types of statistics? I mean, if I’m thinking about getting a business, do I listen to those statistics and do I take them seriously?
Rachel Krider
If you are someone who is simply willing to take action, then you won’t be in that 80% of businesses failing. If you’re someone who’s able to follow through and take action, then you can put yourself in the 20% of businesses that succeed.
Shane Krider
Wow, so what you’re saying is that it’s a bit of a personal choice. What do you think is different between this type of business? The marketing is figured out, there’s a system that you follow, there’s training already in place, the product has already been proven in the marketplace, and the compensation plan has been proven in the real world to produce the results. But the missing ingredient is what?
Rachel Krider
The you factor. What are you going to do with that system.
Shane Krider
So you’re applying yourself to this system, do the statistics play less of a role in a business like this than if I was going to try to start my own dress shop?
Rachel Krider
Absolutely because the formula is already figured out. The system is already developed — from the scripts to the training, everything is there. You’ve basically got to plug in and start playing and playing at a level that’s going to get a result. We’ve put forth the required level of activity in terms of how many people you should be speaking to each day, each week, or each month to actually have a prediction of how many sales will pop out the other side.
Lee Anne said as long as she’s consistent on the front end with her activity, then the business is consistent on the back end with the number of sales. I found that to be true as well. I actually had the benefit to see what happened with the statistics on the back end and literally every single person who is consistent within the business for 12 months, they absolutely produce the result out the other side.
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