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.
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.
According to the Amway Global Entrepreneurship Report, there is a clear answer to what motivates people toward entrepreneurship: Independence from an employer is a more important driver than income.
Amway works in more than 100 countries around the world to establish or maintain cultures and regulatory environments that value and support entrepreneurship. And most importantly, we do this by offering would-be entrepreneurs a low cost, low risk way to get one step closer to the independence they crave.
Open a closet or cupboard door in many homes around the world and odds are you’ll find at least one product from General Mills, Campbell Soup, Coca-Cola, L.L. Bean or Fisher Price. And the leaders of these companies have much to teach us: about transformation, innovation, big data, culture, philanthropy and purpose.
That’s why Robert Reiss, Forbes columnist and longtime host of The CEO Show, brings these leaders on air, and asks them the tough questions about their personal management styles, how they have reinvented their industries, and how to develop best practices while upholding their own values. His show airs weekly and is syndicated in full or in segments in 85 U.S. cities.
The recent interview that Reiss did with Amway Chairman Steve Van Andel and Amway President Doug DeVos went live on the show’s website last week. It was an excellent opportunity to amplify Amway’s story, share the entrepreneurial spirit and drive behind direct selling, and have an important conversation about the role of entrepreneurs — people like our Amway Business Owners — in healthy, growing economies.
In the final minutes of the interview, Reiss asks both men for the advice they have for anyone considering becoming an entrepreneur. Said Steve, “You have to just jump in and try something. It doesn’t always work, but it doesn’t matter. Just keep trying.” Doug added, “Get connected with mentors and other people who’ve done it. . . everyone thinks it’s about money. It’s not. It’s about people and it’s about connecting with others who can give you encouragement. . . ”
More than two thirds (69%) of respondents in Greece have a positive attitude toward self-employment, with extremely positive attitudes coming from respondents under the age of 30 (79%) and students (86%).
More than half (53%) of respondents can imagine starting their own business – a tiny change from 2012 and proof positive that Greece has great entrepreneurial will.
To 44% of respondents from Greece, “making a return to the job market” is an extremely appealing motivator for starting a business, likely due to rising unemployment there.
That said, what concerns us greatly is that 85% of respondents in Greece, and 90% of females, see the fear of failing with an enterprise as an obstacle to starting a business. This is 15% more than the worldwide average.
Where Greece makes a statistical and impressive rebound is that it believes its society to be significantly more entrepreneurship-friendly than other countries categorized as crisis-struck, such as Hungary, Romania, Portugal and Spain.
The way they feel could likely be summed up in this man-on-the-street interview: “We are strongly connected to our place . . . and we still think we are the best in the world.”
With a will like that, we look forward to the results from next year’s Amway Global Entrepreneurship Report.
On average, almost 8 out of 10 respondents, or 77%, have a positive attitude toward self-employment. That’s a boost from last year’s 75% and about 7% higher than the international average.
Among 18- to 24-year-olds the number grows to 86%. Add a university degree to that group and the number jumps to 91%.
On the whole, 88% of the respondents with a college degree report positive feelings toward entrepreneurship. Views dropped among those without a degree to 74%, but that’s still higher than the international average in that group — 67%
So, why do those in Great Britain like the idea of starting a business? Well, it’s not about the money. “Second income prospects” was one of the least important reasons they would consider it. The highest ranked reason was “independence from an employer and being one’s own boss.” The second most appealing reason was “self-fulfillment and possibility to realize own ideas.”
Question asked: In your opinion, which of the following aspects appeal to you as reasons to start up your own business?
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.