Using Michael Dlouhy’s 5 Pillars to Success is the best way to analyze and compare a company that you are considering joining.
I have given a list of the 5 Pillars in another blog post here.
5 Pillar Company Outline
Let’s take a look at Pillar #2.
Timing in the Company; Timing in the Industry
How good of a gambler are you?
99+% of the new companies do not make it in the first 2 yrs.
Why would you spend any of your precious time, money, effort or blood, sweat and tears promoting a company that has a thin chance of survival? Oh I know! Because someone convinced you that getting in on the ground level is the best place to be in the company.
Why not wait? Wait until all the shipping, web design and programming issues, the problems getting the checks out, problems opening some of the countries are all straighten out. Do you really want to be the guinea pig that all the hurting and experiments are done on? It’s just NOT smart business.
Why not wait until the minimum of 2 yrs. has gone by and all the major mistakes and corrections have taken place? There is not real major grow in a company until at least 3-7yrs in.
An example of Timing in a Company.
There is a company that sells a type of juice product. Great product. But, if you are a distributor in Canada, you better order a whole bunch of your product before winter hits. Why? Because the company does not ship for 3 months out of the year. Ya that’s right. The company didn’t find an insulated box to put the product in so that the Canadian distributors could get product during the winter months. How insane is that? How well would Walmart do if they couldn’t have products distributed in Canada from Nov.- Feb.?
An example of Timing in the Industry
A while ago when they deregulated phone service, a reseller came along and launched their new company. They promised to save you money. When it was time for their new customers to have their phone service switched to the new company, the old companies wouldn’t release their customer to the new company. It took the new company 2 whole years to get the courts to force the old phone companies to release the customer to the reseller.
So after the 2 yrs., the company became very profitable. That was until about 10 yrs later and all the resellers of phone service, drove the prices down on phone service and now there are no margins left to derive a profit from.
Don’t burden yourself with the company’s growing pains. IF they are still around after 2 years and you still want to join them, then do it.
Simple right.
If you want to hear more wisdom from Michael Dlouhy and other brilliant networkers, download this ebook and let’s connect
Henrietta
TheMentoringMom
