Direct Selling Journal - Spring 2022

Page 84

HELPING ENTREPRENEURS GET STARTED IN DIRECT SELLING

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ore than 47 million Americans voluntarily quit their jobs in 2021. For those hoping to start a business venture, direct selling offers a variety of opportunities—from hundreds of well-known and respected companies—and much-needed assistance on the crucial elements of business ownership from the Direct Selling Association (DSA) and its Supplier Partners. People familiar with direct selling know that its benefits compare quite favorably with gig work. Direct selling’s advantages include the ability to work from home, the flexibility in work hours, and the earning potential based on the effort put into the work. What sets the industry apart from other gig work is the opportunity for anyone to join and be successful. Direct selling is appealing—and welcoming—to all age groups. For young entrepreneurs who want to start a business, direct selling offers the opportunity to work full-time selling a wide variety of products such as cosmetics, energy services, and items for improved health and wellness. Direct selling has varying levels of engagement for older Americans who may need part-time work to supplement their income and for retirees who want to keep busy with a side hustle. With its focus on personal development, direct selling embraces the spectrum of age groups in teaching newcomers the essential skills needed to run a business, including sales and selling, developing leadership qualities, and setting up digital networks. Many gig opportunities do not offer assistance in two key areas of concern for first-time business owners: finding health insurance to replace their previous employer plan and navigating the various tax responsibilities required with a business operation. In contrast, the direct selling industry excels in offering guidance to entrepreneurs in both areas.

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Spring 2022

“The scariest thought in leaving a job is the loss of health insurance. We all need it, especially in these days of COVID. Sadly, about 10 percent of the US population goes without it—and that can lead to financial ruin if an emergency arises. What holds people back is replacing the employer plan.” — Richard Fuchs, President & CEO, PRO Insurance Managers Inc. Healthcare Insurance The leading reason an unhappy or unfulfilled worker will not leave a job is fear of losing health benefits. Even those who want to start a business stay put if they believe entrepreneurs face difficulties finding healthcare insurance. Richard Fuchs, President and CEO of PRO Insurance Managers Inc., understands the fear, as he has seen it often. “The scariest thought in leaving a job is the loss of health insurance,” he says. “We all need it, especially in these days of COVID. Sadly, about 10 percent of the US population goes without it—and that can lead to financial ruin if an emergency arises. Replacing the employer plan holds people back.” For those entrepreneurs looking to start a career in the direct selling industry, there is good news in obtaining healthcare solutions. The Direct Selling Association (DSA) has teamed with Fuchs and his company to


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Articles inside

Helping Entrepreneurs Get Started in Direct Selling

9min
pages 84-88

Southwestern Advantage: 154 Years of Building Entrepreneurs and Leaders

7min
pages 81-83

Stronger By Association

10min
pages 77-80

Getting Out Our Collective Umbrellas for the Regulatory Storm Cloud

5min
pages 75-76

Direct Selling Gives Back to the Global Community

5min
pages 73-74

What Is Your Company’s Risk Profile?

13min
pages 68-72

Training You Field to be Social Sellers Vs Social Robots

6min
pages 66-67

AVON: Empowering Women for Over a Century Through Direct Selling

8min
pages 54-58

DSA Hall of Fame Perspective Timeless Lessons: Persistence and Patience

9min
pages 50-53

Executive Perspective: Authenticity in the Age of Automation

6min
pages 48-49

The European Spirit of Direct Selling in the Post Pandemic Era

5min
pages 45-47

How to Succeed in Direct Selling in Germany

5min
pages 43-44

Launching a New Business in 2022: Accounting for New Methods While Staying Committed to What’s Proven

10min
pages 38-42

Winning The Gig Game

8min
pages 34-37

Contributors

3min
page 6

This Is Direct Selling

18min
pages 14-21

What’s Going On?

9min
pages 10-13

What’s in a Name?

3min
pages 22-23

The Life Cycle of a Direct Selling Company

6min
pages 24-27

From the Publisher: What It Takes to Start and Grow a Direct Selling Enterprise

3min
page 8
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