POSTS TAGGED WITH:
“Entrepreneurship”

Apr.16
2014

Birth of a salesman

Rich DeVos’ career as a salesman started with an onion.

Rich’s grandfather was a huckster, a Dutch term for someone who sold produce off a truck or wagon.

Onions left over from his grandfather’s route offered the opportunity for Rich’s first sale.

“I earned just a few pennies, but that memorable achievement was a definitive moment in who I became as a man,” he writes in his new book, Simply Rich.

“It was just the beginning.  After that, whenever my grandfather had leftover vegetables, I sold them.  It took salesmanship and persistence, but I loved it.”

Hear Rich recount that first sale, and his advice for others pursuing a selling life, in the video below.


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Mar.31
2014

“Simply Rich”

Rich DeVos believes that he has achieved much in his life for one simple reason  – focusing on helping others succeed.

“Looking back at 88 years of life, I believe one principle rises above the others,” he writes in his fifth book, “Simply Rich:  Life and Lessons from the Cofounder of Amway.” “People who achieve the highest levels of success are those who place their focus on other people rather than themselves.  I have succeeded only by helping others succeed.”

In “Simply Rich,” the co-founder of Amway shares the story of his remarkable life, from his humble beginnings to his success as a global business leader, and what he learned along the way.  Listen to Rich talk about the inspiration for the book in this trailer for “Simply Rich.”


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“Simply Rich” is available from the Howard Books division of Simon & Schuster and can be found online or in stores starting April 1.  Other titles by Rich DeVos include “Believe!”, “Hope from My Heart” and “Ten Powerful Phrases for Positive People.”

Mar.26
2014

Kazakhstan kickoff

Here are some fun facts about Kazakhstan: It’s the world’s largest landlocked country by land area. Its territory of 2,727,300 square kilometres (1,053,000 sq. mi.) is larger than Western Europe. And it’s the newest place where people can buy Amway products.

Last week, Kazakhstan became Amway’s newest market, joining the more than 100 countries and territories where we already operate.

Amway Kazakhstan is the company’s first official presence in Central Asia and is headquartered in Almaty, the country’s largest city.

Amway Kazakhstan offers the same brands and products as Amway Russia, its neighbor to the north.

We are excited to offer the Amway Business Opportunity to our new friends in Kazakhstan, as they carry out our mission of helping people live better lives.

— Written by Austin Langlois

Mar.19
2014

Constant celebration

The U.S. Small Business Administration has declared that March is national Start a Business Month.

At Amway, every month is start a business month, whether in the U.S. or around the world! In fact, every day, we equip new entrepreneurs with the mentorship, confidence, products and training they need to own and run a business.

In the video below,  Amway Chairman Steve Van Andel said, “We’ve never lost sight of our belief in entrepreneurs.  They have been the essential . . . driving force of our business for over 50 years.”

“Entrepreneurs fuel our success, as well as the economies of communities around the world,” added Amway President Doug DeVos. “Today, the spirit of entrepreneurism is alive and well.”

The findings of the 2013 Amway Global Entrepreneurship Report – which measured the dynamics of entrepreneurism among 26,000 people in 24 countries – reinforces these statements.

In 2014, Amway will continue to study the entrepreneurial landscape, looking at what helps and holds people back from bringing their entrepreneurial ideas to life.

We’ll also be adding 13 new countries to our study this year, including India, Korea, China, Brazil, South Africa and Norway. A total of 37 countries will be surveyed, and the release of our results will coincide with Global Entrepreneurship Week in November of this year. (Check out this great video of coverage from last year’s release of the report.)

Until then, follow us on Twitter or Facebook to join the conversation about the role that Amway, and the entire direct selling industry, plays in building and fostering the entrepreneurial spirit around the world. Search for #AGER to find posts specifically about the Amway Global Entrepreneurship Report.


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Mar.07
2014

The concern, the cure

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.

Feb.28
2014

Wonder women

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.

Feb.26
2014

From start to finish

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.

Feb.24
2014

Amway Startup

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.

Feb.17
2014

Our belief

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…


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Feb.12
2014

Shaping the future

One of Dr. Anuradha Nagarajan’s former M.B.A. students made international news in 2011 when she invented an improved, low-cost and life-changing way for women in rural India to carry water over rough terrain.

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.