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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7360 votes
Laurie Mccain, Aff (Oregon, US) Top Author Forum Guru 8/23/2014 6:14 pm
Affiliate since: 10/25/2010, Power Rank: 99999999 | Read Laurie's 53 other Ask SC answers
SFI is a business like any other business in this sense - it will continue to produce and grow even if you retire from it as long as you have developed and nurtured an active, passionate downline.

These are the folks you have recruited and taught, assisted and helped through the years - these are your partners. Like any other business in the world, as long as your partners remain interested and active your business will continue on.

Another way to hedge against your SFI business
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7357 votes
Kay Byers, Aff (Michigan, US) Top Author Forum Guru 8/31/2014 1:45 am
Affiliate since: 10/26/2010, Power Rank: 347 | Read Kay's 289 other Ask SC answers
Assuming that you have already built up a stable business that is supplying you with a steady income, then at the beginning of failing health or when you are contemplating retirement from the SFI business, take those whom you are wanting to inherit your business and show them what it is doing for you right at that time. Explain what you have done to get to that place and that this business will only make them money if they learn how to work it and do it. Then begin to train them. Be an awesome sponsor
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7341 votes
Alton Riklon, Aff (Marshall islands, US) Top Author Forum Guru 8/24/2014 5:27 am
Affiliate since: 02/26/2014, Power Rank: 99999999 | Read Alton's 36 other Ask SC answers
I've asked myself the same question many times over and here's what I have found. SFI is not just an ordinary business it's also an educational institution where you can educate your kids on. The education offered in SFI is priceless they don't teach these in conventional business schools.

The education you receive comes from day to day experiences every affiliate go through by learning through trial and error. So, here's what I've started doing that I recommend you do. Teach your kids
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7315 votes
Dr Sudhanshu Pati, Aff (India) Top Author Forum Guru 8/21/2014 3:33 pm
Affiliate since: 08/26/2012, Power Rank: 99999999 | Read Dr Sudhanshu's 155 other Ask SC answers
To ensure your income after retirement, you have to ensure some of the key things in SFI. As you know, residual income scheme is the only way to ensure income when you even do not work. Let m tell you some of the best ways to do that in SFI.

1. Build a team with reliable and established team members who really enjoy the system and earning by self.

2. To ensure some lucrative income life time, ensure that you have referred some good ECAs. Those who really wants o grow their business
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7315 votes
Abe Taddesse, Aff (Washington, US) Top Author Forum Guru 8/23/2014 2:51 am
Affiliate since: 06/05/2014, Power Rank: 99999999 | Read Abe's 168 other Ask SC answers
Hello Jalna,

Good question thinking your future and that is how the business
Should be built with that frame of mind to last a life time.
When you think about retirement at SFI you have to think the
same way what you have to do or how you can make it happen,
If you have pension plan, or retirement plan at the regular job, Even
More so 401 k plan or IRA , how you contribute for your retirement plan.

But those are company provided or coming out of your
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7310 votes
, () Top Author Forum Guru 8/24/2014 5:07 am
Affiliate since: 12/31/1969, Power Rank: 99999999
Hi there

I am glad you asked this question - it is not nice to think about it but I think it is very important - so I will now follow my own advice as set out below. Thank you for asking the question.

I would assume that you would carry on building your business after retirement but that your question is - what happens when I am no longer here to work my business?

In the first place you have to make sure that somebody, one or more of your beneficiaries knows about
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7309 votes
Olawale Onabajo, Aff (Nigeria) Top Author Forum Guru 8/24/2014 1:06 am
Affiliate since: 06/27/2014, Power Rank: 99999999 | Read Olawale's 109 other Ask SC answers
Hi, you need just three things: dedication, hard work and and unremitting devotion as follows:

A. DEDICATION:
1. Keenness - Put all your heart into it.
2. Ethusiasms - Have a passion for that success you want.
3. Perseverance - Never give up at any time, especially at the initial stage when you are likely to be discouraged.
4. Loyalty - Be a good ambassador of SFI and give all the support to ensure it continues to exist into the future of your beneficiaries.

B.
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7292 votes
Lawal Sunday Joshua, Aff (Nigeria) Top Author Forum Guru 8/24/2014 6:03 pm
Affiliate since: 05/06/2013, Power Rank: 99999999 | Read Lawal's 156 other Ask SC answers
Hello dear, I wish I am an Old man then I would have say this is a timely question but now its just a wonderful question.

For every one who has given time to providing offsprings never run out noise. Every time you have spent trying to build your SFI business must have been dedicated to getting a dependable Team and active co-op.

To ensure you business continues to grow

1. Ensure your qualification as EA doesn't stop every month. It is the basis to earning you in
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7275 votes
Ryan Jayatunga, Aff (Sri Lanka) Top Author Forum Guru 8/27/2014 3:51 am
Affiliate since: 09/10/2013, Power Rank: 99999999 | Read Ryan's 58 other Ask SC answers
Great question. Here's what I would do:

1 - Pick one from among 'my beneficiaries'who is most likely to be interested in my SFI business and share with that person what I do at SFI & TripleClicks and how I do it.

2 - Either have the person sign up as an Affiliate or train the person to stand in for me and complete the daily, weekly, monthly activities on a regular basis. (Basically train the person to work like me and get to know my down-line, up-line, and business building
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7272 votes
Sunildatt Limaye, Aff (India) Top Author Forum Guru 8/24/2014 9:00 pm
Affiliate since: 07/05/2024, Power Rank: 99999999 | Read Sunildatt's 150 other Ask SC answers
Hi Jalna,

How will you ensure your SFI business continues to grow after you retire ?

If you want to do so, involve the person you want to take over your business from Right now. Teach the essentials of the business.

will it ensure it will continue to grow in your absence? May be yes if this person is as passionate as you and business environment does not change.

How will you ensure that it will provide income to your beneficiaries?- You need to provide
...more
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