It would be really nice and helpful to invest funds in your PSAs but that is not necessary.
I suspect that the majority of us joined SFI because we want to be financially successful. We want to make money. You see we already have that desire within us, although its degrees varies from person to person.
I believe that as sponsors we need to work on that desire within our team members - cultivate it, nurture it, constantly remind them of it, motivate them, etc to work towards becoming financially successful and secured.
Let us be always aware that the business is their business. Their businesses stand and fall mainly on their own efforts. We can help but if they don't work, their businesses will fail.
I believe that as sponsors, our role is that of trainer, coach, support, motivator. I do not include in there financial supporter, bank roller or anything similar. Don't get me wrong. I am not against giving team members gifts such as TC, reassignments etc but never financial.
How you encourage your PSAs to stay active is by:
- Being active yourself.
- Keeping an eye on their progress, listening and responding to what they are saying
- Sending them encouraging words, acknowledging successes & milestones
- Sending them tips, teachings and advise regarding the business
- Developing a partnership role with your PSAs.
Most importantly, I believe, is working on your relationship. If you are a distant sponsor, regardless of how much money you invest in them, I suspect that your PSAs will be unhappy and my not stay active for long. If however you have a close relationship with them, they are likely to be loyal and remain active.
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It would be really nice and helpful to invest funds in your PSAs but that is not necessary.
I suspect that the majority of us joined SFI because we want to be financially successful. We want to make money. You see we already have that desire within us, although its degrees varies from person to person.
I believe that as sponsors we need to work on that desire within our team members - cultivate it, nurture it, constantly remind them of it, motivate them, etc to work towards
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