Melissophobia is the fear of bees; blennophobia is the fear of slime; and chorophobia is the fear of dancing. In fact, from A to Z, clinical names for numerous fears exist.
In the 2010-2012 editions of Amway’s Entrepreneurship Report, the “fear of failure” was consistently among the highest obstacles to becoming self-employed. We believe this fear leads to a high gap between people who can imagine starting their own business and those who actually do.
So in our 2013 report, we took a closer look. We wanted to know: Did the fear exist because people did not believe in their abilities, their networks and ideas? Or because they did not feel supported by their environment?
Among the polled countries worldwide, 41 percent of respondents feared “financial burdens up to bankruptcy.” For 31 percent, “the economic crisis” turned out to be a considerable obstacle (even truer in the European Union). Non-financial fears included disappointing one’s family, loss of reputation, and and not being unable to handle the high level of responsibility.
The percentage of respondents who are fearful of starting an enterprise is represented below for six of the 24 countries studied.
These fears may not have clinical names, but at Amway we seek to “treat” them with a business model that is low-risk, low-cost and has built-in mentorship and support. And fear not, if it doesn’t meet a person’s expectations, it has a money-back guarantee.
The World Fact Book tells us that the ratio of men to women in the entire world population is 101 males to 100 females. Amway data tells us that our world looks a little bit different: More than 3 million people around the world have joined Amway, and two-thirds of them are fearless females — hard-working, independent entrepreneurs who joined Amway to earn extra income, be their own boss, learn new skills, set their own schedules and be rewarded for their accomplishments.
Every one of them has a unique story, and some of them are not building the business on their own. In most Amway markets, husband-and-wife teams are common. In some cultures, it’s mothers and daughters who start and work an Amway business together.
Busy mothers are building Amway businesses to earn extra income and flexibility for their families. And in some economies, women have become successful Amway business owners where few other entrepreneurial opportunities exist for them.
Two-thirds. We believe it’s a formula that’s producing many happy returns.
Vertical integration. Seed-to-supplement. Supply chain. Regardless of what you call it, Amway controls much of the process (and, in several cases, the entire process) when developing and manufacturing high quality nutrition, beauty and home products for the world.
By controlling as much of the process as possible, Amway is able to have heightened oversight of product quality – from the core ingredients that serve as the source of the products, to the manufacturing of goods in our 15 manufacturing facilities, to the complex delivery systems that allow millions of Amway distributors in more than 100 countries and territories to secure goods close to home or ship directly to the ultimate consumer.
The source/make/deliver process that Amway has built is truly unique. It is a point of pride for the company, its employees and Amway Business Owners and it is detailed in a new website called AmwaySourceMakeDeliver.com.
The site helps to chronicle some of the many reasons why customers who buy Amway products from Amway Business Owners continue to make the company a trusted part of their daily lives.
Every single day, someone launches their Amway startup. They are entrepreneurs. They want to control their own destiny. They are difference-makers.
But unlike many others who are attempting to set their own course, these entrepreneurs are backed by an $11.8 billion company. One supported by 21,000 people who are working hard to make that individual startup a success. These entrepreneurs are supported by more than 1,000 patents, 15 manufacturing sites, 75 R&D and quality assurance labs and a distribution network that is nearly unmatched in the world of business.
We want to bring that story to life. That’s why we have launched Amway Startup — a news site dedicated to telling the story of the backroom that supports Amway startups all around the world. From stories on scientific excellence and new products to beauty and nutrition, Amway Startup will be your source for detailed coverage of the fuel that helps power Amway startups globally.
So, check it out here, and tell us what you think.
The partnership between Amway, Georgetown and the Japanese Times daily newspaper brings Japanese professionals to Washington D.C. and Grand Rapids, Michigan, to get a primer on the American political system and see public-private partnerships in action.
In D.C., they visit prominent attractions and meet with well-known political insiders — most recently former White House Senior Advisor and Deputy Chief of Staff Karl Rove. In Michigan, they meet with local politicians, including Grand Rapids Mayor George Heartwell, and visit local attractions, such as Frederik Meijer Gardens & Sculpture Park and the Gerald R. Ford Presidential Museum.
Now, over at the Amway Newsroom, we have an in-depth look at the whirlwind program, its history and its impact. The session is only a week long, but Georgetown officials say they can do a lot in that week.
James V. Parenti, senior associate dean for Georgetown’s School of Continuing Studies, called GULP “the most energetic international engagement we have (at Georgetown).”
And GULP Principal Instructor Bradley A. Blakeman said the value of education is not judged in time, but in content.
“We can be flexible and nimble and entrepreneurial enough to create programs for a student body that only visits for a week,” Blakeman said. “But the content will last a lifetime.”
Have you ever wondered: What does Amway believe in?
We recently sent a team on a world tour armed with a film crew to answer that question. They went to Los Angeles, Hong Kong, Istanbul, Guangzhou, Bangalore, New York and our own World Headquarters, meeting with Amway Business Owners along the way.
The resulting video is a powerful answer to that question: Amway believes in people – people and their potential.
As the video states, “This potential is a postive force within all of us, and, when it’s inspired, it can’t be contained by race or class or creed or anything else. This is why we started Amway: to help people live better lives by helping them realize their potential.”
So, what is our most precious resource? An energy so big it can transform the world? Just watch…
This past Saturday, Dr. Nagarajan – along with Amway Chief Sales Officer John Parker and eVent.com Cofounder Andi Sie – issued a similar challenge to another 40 University of Michigan business students.
The task: Use principles of entrepreneurship to create more sustainable economies and bring more of the world’s growing population into the middle class.
Nagarajan, Parker and Sie participated on the Entrepreneurship Panel of the 24th Annual Asia Business Conference in Ann Arbor, themed “Discover the Possibilities: Shape the Future,” and students from Japan, Korea, China, Thailand, USA, India, Indonesia and Malaysia attended.
Parker touched on how Amway measures success by the number of people we can help start their own small, independent businesses, bringing more economic and personal flexibility and independence to their lives.
Sie covered his experience in the real estate, health care and technology sectors as an entrepreneur who abides by one rule: Have a purpose. Purpose, said Sie, is the key to success that helps entrepreneurs get through the inevitable hard times.
Students were asked by the panelists to consider:
The advantages of remaining privately held, like Amway, so that taking the “long view” on solving local or global challenges is possible, over short-term gains for investors.
Remaining authentic to who you are, and your purpose, in all communications.
Understanding cultural drivers such as loyalty in Japan and youth empowerment in Vietnam.
A tenet that Amway founders lived by: Act as a guest in every country where you do business; act as if you want to be invited back tomorrow; and the next day, and the next. Never forget that it is a privilege to be doing business in countries outside of your own.
Be adaptable, but not indecisive.
The “official” first answer of almost anyone, be it a potential partner, a potential new customer, or an investor, will always be “no.” Don’t take “no” for an answer.
Read the book, “Delivering Happiness.” It inspired Sie and helped him realize to not only seek opportunity, but to give opportunity to others.
It was a unique chance for students to get real world inspiration to shape the future—their own and the world’s.
Amway is a business built on relationships, powered by excellent products and guided by the principles of entrepreneurship and free enterprise. It is an organization of one-on-one connections, that has ultimately connected many parts of the world.
That impact has led many to seek additional information about Amway. Our answers are often guided by the Amway Media Guide, a trusted source inside the company for facts and figures that help quantify the organization’s size and scope in some way.
While the guide is developed with the news media in mind, we thought it would be of interest to others as well — including you. So here it is. Enjoy!
More than 15,000 volunteers worked on 300 projects in 57 countries that resulted in more than 100,000 children being helped.
Jesse Hertstein from our global One by One team puts it best: “It’s not just one day of volunteering. It’s really a demonstration of our commitment … to help children in every community we do business in. Not just today, but on into the future.”
Here’s a collection of some of the amazing things accomplished in our 24-hour global celebration focused on making a difference.
Disclaimer: The authors of these blogs are Amway employees. The opinions expressed here are not necessarily reviewed in advance by anyone but the individual author. These opinions do not necessarily reflect the view of Amway or any other person or company.