How can I ensure that, when I retire, the SFI business I have spent years building continues to grow and provide income for my beneficiaries?

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7645 votes
Ingrid Bernard, Aff (Trinidad And Tobago) Top Author Forum Guru 8/29/2014 9:54 pm
Affiliate since: 07/28/2013, Power Rank: 99999999 | Read Ingrid 's 138 other Ask SC answers
Your main objective must be to build and maintain a dynamic team of active affiliates. Your team members must know what is expected of them individually and collectively.
Ensure that there is unified commitment as members can feel a sense of ownership towards their role in the group when they have committed themselves to goals they helped create.
Let individuals use their skills and experience to contribute to the success of the team’s objectives. Encourage each individual to express
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7504 votes
Ronilo Saguit, Aff (Philippines) Top Author Forum Guru 8/22/2014 2:02 am
Affiliate since: 08/06/2012, Power Rank: 99999999 | Read Ronilo's 408 other Ask SC answers
Like you I also look at SFI as my source of income now and until I retire. Then I will give it to my son, who is now in 7th grade. That is how confident I am with SFI.

Because of this vision I develop an strategies to make this happen.

1. I should continue to build a wider Base.

To build a wider Base means- continuously finding affiliates, PSA, PRM, CSA's and ECA's.

This is important because some of those active affiliates may also stop for some reason,
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7493 votes
Philippus Van Zyl, Aff (South Africa) Top Author Forum Guru 8/30/2014 6:01 pm
Affiliate since: 02/16/2014, Power Rank: 99999999 | Read Philippus's 100 other Ask SC answers
Firstly, while you’re still active, build a team as strong as you possibly can. One that will stay active long after you’re not anymore. Teach them everything you know and help them duplicate you. Be a good example.

Next, involve your closest family in your personal business. Teach them how to manage your business, as you would any brick and mortar business, because the Affiliates agreement state that your partner or children or any other beneficiary from your estate, can continue
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7490 votes
Aina Lia, Aff (Malaysia) Top Author Forum Guru 8/23/2014 6:44 am
Affiliate since: 10/01/2013, Power Rank: 483 | Read Aina's 157 other Ask SC answers
Clause #39 of the Affiliates Agreement mentioned:
Transferability of SFI Affiliateship: In the event of an Affiliate's death, SFI will keep sending commissions in the method that's been selected on the affiliate's account. For example, if the affiliate had chosen to have his or her commission mailed by check, the affiliate's surviving spouse or other representative must ensure they have the legal right to cash a check made out to the name on the SFI account. However, surviving spouses and representatives
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7457 votes
Joseph Morni, Aff (Brunei Darussalam) Top Author Forum Guru 8/24/2014 7:28 am
Affiliate since: 07/02/2013, Power Rank: 99999999 | Read Joseph's 53 other Ask SC answers
First of all, we must know that SFI is a fruitful business if we have 100% commitment, persistence and motivated to it. We don`t have to worry about the continuously grow SFI Business and the beneficiaries too. We must keep on moving with below concept of SFI Business and i am sure you already have very good team to support you until many years to come or until you are really retire with SFI.
 
TO ENSURE – my strong team of SFI, i am sure i must have one or more active PSA which is my
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7446 votes
Mar Fajardo, Aff (Ontario, CA) Top Author Forum Guru 8/23/2014 8:35 pm
Affiliate since: 05/03/2002, Power Rank: 295 | Read Mar's 582 other Ask SC answers
When thinking about ensuring your SFI business continual growth and provide income for your beneficiaries before your retirement you’ll need to consider your investment or business effort you are putting in. Initially it is you who has to work hard to make it a success but then it is the setup of your business plans, goals and strategy, being implemented consistently that will pay you back and grow your investment.

Ensuring the continual growth of your SFI business:

- Build
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7413 votes
Fran Jones, Aff (Georgia, US) Top Author Forum Guru 8/26/2014 10:39 pm
Affiliate since: 01/22/2013, Power Rank: 99999999 | Read Fran's 122 other Ask SC answers
Hi Jalna,

You are talking about residual Income.
This is income that keeps coming in, around the clock, month after month, year after year. This is like royalty you receive when you write a book or record a song and get paid indefinitely on it.

We can never be guaranteed anything in life including residual income.
Look at what happened to the stock market and all the ways people are having their identity stolen!
As long as your team keeps getting bigger and
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7380 votes
Sylvia I. Ajagu, Aff (Nigeria) Top Author Forum Guru 8/30/2014 2:34 pm
Affiliate since: 03/20/2014, Power Rank: 99999999 | Read Sylvia I.'s 38 other Ask SC answers
This is a very important question.

In every business, Expansion and continuity are important. We must cultivate the habit of being determined and focused in our business especially when it involves a long term business.

Now you are still in service, you make a very solid foundation, by making sure you are able to duplicate and be a good sponsor. People make plans for the rainy day, now is the best time to lay down your plans for that rainy day, so that even when you are not
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7373 votes
Andrew Anderson, Aff (Arizona, US) Top Author Forum Guru 8/22/2014 2:37 am
Affiliate since: 04/13/2012, Power Rank: 99999999 | Read Andrew's 330 other Ask SC answers
Teach your loved ones how to operate the business in your absence as they will someday inherit this business when you reach a point where you decide to relax and stop working to enjoy the success you have built.

If the kids or grand kids want a share of what has been built they will need to take part in doing at least the minimum to maintain an active account and productive downline. If the business is big enough they can hire someone to handle correspondence and marketing but keeping
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7363 votes
, () Top Author Forum Guru 8/22/2014 4:14 am
Affiliate since: 12/31/1969, Power Rank: 99999999
Every month is a challenge for all of us in SFI. Irrespective of what we achieved the preceding month, we start from scratch all over again.

When we keep developing a strong team continuously we have little to worry about.

There is no retirement age as for as SFI business is concerned. As long as one health or other situation permits one can go on remaining in this business.

However, if you feel like passing on the baton to your siblings or family members you can
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