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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6853 votes
, () Top Author Forum Guru 8/29/2014 5:11 am
Affiliate since: 12/31/1969, Power Rank: 99999999
In order to ensure longterm success with SFI, its important to ensure your training your downline and equipping them with the proper tools in order to succeed themselves.

Outlining the SFI Rules of Success, along with referring to the Start Menu to refresh your memory from time to time will give you the ability to teach others in your downline and be ready when questions arise.

Its always good to keep on top of all the available SFI Training that's available to us for this
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6809 votes
BENNAH KILWAKE, Aff (Kenya) Top Author Forum Guru 8/25/2014 5:04 am
Affiliate since: 06/15/2014, Power Rank: 99999999 | Read BENNAH's 3 other Ask SC answers
when you grow your business you definitely do it with people who are your business partners. Its important to share your vision, making sure you have same objectives in the business world, that approach reduces your load of taking care of everyone, be a trainer of trainers and you will be safe knowing your team is growing positively, once in a while do online meetings to ensure your team is on the same page with you as you lead by example don't loose touch with your team at all cost as the vision
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6808 votes
Michael Dlamini, Aff (South Africa) Top Author Forum Guru 8/22/2014 3:13 pm
Affiliate since: 02/08/2020, Power Rank: 99999999 | Read Michael's 202 other Ask SC answers
Hi Jalna Edwards!
To ensure on going income for yourself and beneficiaries, just be an awesome sponsor and create a big strong quality genealogy. Teach your genealogy to do same. Also recruit as many ECAs as you can. This will be an ongoing income for yourself and your beneficiaries, it is called Residual Income, which is an income that keeps coming in, around the clock, month after month, year after year. It's like a royalty where you write a book or record a song and get paid indefinitely
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6731 votes
Lola Le Grange, Aff (South Africa) Top Author Forum Guru 8/23/2014 2:08 am
Affiliate since: 01/15/2014, Power Rank: 99999999 | Read Lola 's 7 other Ask SC answers
A business never retires, a business continues indefinitely...that is the mentality you need to have when focusing on SFI.

Retiring from SFI is not an option. Once you are in it you are in it for life :)

Once you retire from active employment you still need to spend time everyday completing your daily tasks and building your business just as you did in the past to ensure that your business continues to grow and your income continues to expand in your old age.
6664 votes
Rosafilipina Burcer, Aff (Philippines) Top Author Forum Guru 8/31/2014 6:27 am
Affiliate since: 04/23/2013, Power Rank: 99999999 | Read Rosafilipina's 109 other Ask SC answers
Let us define what you meant when you retire. 65 years old is the retirement age to everyone who is employed. There is no age limitation continuing one's business in SFI. This means that you can still continue your business after retiring from the employment.

You are not an employee in SFI, but entrepreneur. Your business depends on your decision whether to continue or stop and loss the interest of continuing our businesses with SFI.

Since you are an entrepreneur, there is
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6600 votes
Luis De Gouveia, Aff (South Africa) Top Author Forum Guru 8/22/2014 4:56 am
Affiliate since: 01/21/2013, Power Rank: 99999999 | Read Luis's 44 other Ask SC answers
Ensuring if your SFI business will continue to provide income for your beneficiaries will depend on you. Remember, only you can make your business successful.
How strong is your business foundation?
Have you build up a strong working team of Affiliates and Team-leaders to carry on building your business?
Remember, your team is your foundation of your business.

All the best to you and to your success
6541 votes
, () Top Author Forum Guru 8/22/2014 4:15 am
Affiliate since: 12/31/1969, Power Rank: 99999999
The only way to really ensure that future growth is by training the person that will eventually assume your business.

Will they be excited about the business? Do they understand the business? Will they dedicate themselves to the business?

These are things to ponder now so that in the future it is an easy transition.
6448 votes
Mariama Bobbo, Aff (Nigeria) Top Author Forum Guru 8/29/2014 8:28 am
Affiliate since: 05/22/2014, Power Rank: 99999999 | Read Mariama's 7 other Ask SC answers
Hello Jalna,

No retirement age for SFI so why thinking of retiring????

Parhaps maybe having a good stream of residual income with minimal effort?
for that i think you will need to:
1. go all out now to build a strong team of PSAs on SFI and encourage them to do same (duplication)
2. recruit as much as you can ECAs since you earn lifelong commissions for any sales they make.

hope this answers your question.

best wishes
6443 votes
Marijana Zarevac, Aff (Serbia) Top Author Forum Guru 8/24/2014 7:05 am
Affiliate since: 09/21/2013, Power Rank: 99999999 | Read Marijana's 15 other Ask SC answers
Hello!
SFI is a company which exists 16 years and works very successfully. There are many examples of people who have already provided their residual income, so it is possible and it is reality. It is logical that it is also going to happen with you business. But, as many other things in life, you can't be 100 per cent sure in anything, so this shouldn't be a reason for you to work this job as well as you can, or to give your best. Only with hard work and comittment you can ensure growth of
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6364 votes
Vernon Alexander, Aff (South carolina, US) Top Author Forum Guru 8/29/2014 10:37 am
Affiliate since: 01/18/2024, Power Rank: 99999999
Check with SFI suport team First, But I would bring my family members in as PSA's into SFI and train them on how you/we do business as Team Leaders.
Also I would start 1-2 years before I retired, and during that time, I would reassign key PSA's under them to help secure the family and keep our business strong and moving forward.
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