Entrepreneurs: Myths and Legends|| The BBB is One of Them...

Accolades to my Friend Chris Swope for This original post...

Entrepreneurs here in the US have a very interesting phenomenon called the better business bureau. It is a so-called watchdog group that has attained legendary status in the business community. You're either in, or your out.... and too many entrepreneurs have misguided notions of what it's really all about.

The BBB Is NOT What It Seems

Some people mistakenly look at the BBB as a credible government entity that handles disputes between customers and businesses that is run by tax dollars. First of all, it is not a government agency, it is a private company. The common misconception is that if a business is a member of the BBB and has a good rating, then they must be a good, positive, and credible business. Another problem this brings up is that if a business receives a 'bad' rating, they are not able to dispute/resolve their complaints UNLESS THE BUSINESS PAYS TO BE A MEMBER. Sounds like a conflict of interest to me.

See the BBB takes "subscription" or "membership" donations from businesses. This means that businesses are the BBB's source of income (even though they classify themselves as non-profit). Businesses are their object of complaint. So, if I as a consumer complains to the BBB, they are complaining about one of the BBB's sources of income. Obviously, this is a problem.

Just about the only thing that the BBB does, is give the business that is being reported the opportunity to respond, only after they have paid their membership dues. What a joke.

To give you an example, I checked out my local Wal-Mart: they are a "member" of the BBB. They have had one complaint against them, but it apparently was resolved. So, they have an "AA" rating. I checked out the local Lowe's. They have 14 unresolved complaints against them and have an "F" rating. They are NOT members of the BBB.

What makes this kind of fishy is the number of lodged complaints. These stores are no more than a couple of miles from each other and so have basically the same customer base. I find it impossible to believe that the BBB has only received one complaint against Wal-Mart and 14 against Lowe's. This makes me suspect that a) the BBB is not recording complaints against their members; b) the BBB is not recording responses from non-members; c) the BBB might be "creating" complaints against non-members. Or some combination of these or others.

One final irony: if you have a complaint against the Better Business Bureau, you can't file it with the Better Business Bureau. The Better Business Bureau is not a member of its own organization!

Moral of the story: You can't look at the BBB as a credible source of business information. The facts they publish are skewed by the mere business model that they use - paid memberships.

Thanks again to Chris swope. Check back with the wealth practicum on a regular basis for our updates. Peace and success to you.

Matt Hempel
440.368.3535
http://www.yournewlegacy.com

Entrepreneurs: Disabling the Blocking Mechanism to Create Wealth

What is it that some people seem to have that seemingly attracts success, money, opportunity and and wealth to them? Why do some entrepreneurs struggle while others make money and grow business effortlessly.

I recently had a discussion with this gentleman on this topic. I use the word gentleman to make a point. I love this guy and his family who have taught me the art of allowing, the importance of personal development, and that we're all on our own journey. It's who we choose to walk along side that makes all the difference in that journey.

So why "Disable the Blocking Mechanism" as titled here? In our business opportunity here with Liberty League we do a morning "wakeup to success" call that is designed to address a topic of personal development or business building...... a great way for everyone to get together to start the day.

We're talking this week about "being complete" with success and how important that is to the art of allowing. So many people throw up a blocking mechanism around success in business and making money.

It's part of our conditioning in many cases to find something wrong in a success situation. So the next time you find yourself making something wrong in the midst of a success:: STOP, take a deep breath, and remove the blocking mechanism.

Be complete with the success, practice the art of allowing, and be the successful, money attracting, success- attracting entrepreneur you are. Wealth creation begins with how we think, and how willing we are to disable our blocking mechanisms. It's a choice, choose well.

In Service,
Matt Hempel
800.813.9591
www.YourNewLegacy.com