WHAT IS MBS
Embedded Files
The Masters of Business in the Streets (MBS) Program is a business training/self-reliance program that allows participants to start and grow their own businesses, improve their home life, and better their community. Participants can take the course with a group, under the direction of a local Success Ambassador, or online through our online learning management system. The program has a total of 15 units (13 online). Each of these units teaches participants elements of the 6Ps of Business (Plan, Product, Process, Price, Promotion, Paperwork) in order to help their businesses grow and become successful. Other requirements include creating a Quality of Life plan and performing a community service project.
WHAT YOU LEARN:
UNIT 1: MASTER OF BUSINESS IN THE STREETS (MBS)
U1: INTERWEAVE SOLUTIONS: MISSION, VISION, & VALUES
U1: THE INTERNATIONAL MBS CERTIFICATE
U1: BECOME A SUCCESS AMBASSADOR
U1: SET MOTIVATING GOALS & KEEP COMMITMENTS
UNIT 2: PLAN TO BECOME SELF–RELIANT
U2: REPORT ON COMMITMENTS FROM UNIT 1
U2: PLAN TO BECOME SELF–RELIANT PRINCIPLES
U2: P1: PART A: APPLY THE 6P'S OF BUSINESS
U2: P1: PART B: APPLY THE 6P'S OF BUSINESS
U2: P2: PART A: MAKE A HOME QUALITY OF LIFE PLAN
U2: P2: PART B: MAKE A HOME QUALITY OF LIFE PLAN
U2: P2: PART C: MAKE A HOME QUALITY OF LIFE PLAN
U2: P3: SERVE YOUR COMMUNITY
U2: COMMIT TO ACTION
UNIT 3: PRODUCT
U3: REPORT ON COMMITMENTS FROM UNIT 2
U3: PRODUCT PRINCIPLES
U3: P1: KNOW YOU ARE WORTHY TO SUCCEED
U3: P2: PART A: KNOW YOURSELF AND YOUR VALUES
U3: P2: PART B: KNOW YOURSELF AND YOUR VALUES
U3: P3: KNOW WHAT SELLS
U3: P4: KNOW THE COMPETITION
U3: P5: KNOW THE JOB TO BE DONE
U3: COMMIT TO ACTION
UNIT 4: PAPERWORK—PERSONAL BUDGETING
U4: REPORT ON COMMITMENTS FROM UNIT 3
U4: PAPERWORK—PERSONAL BUDGETING PRINCIPLES
U4: P1: PART A: SEPARATE BUSINESS & PERSONAL MONEY
U4: P1: PART B: SEPARATE BUSINESS & PERSONAL MONEY
U4: P2: PAY YOURSELF A SALARY OR COMMISSION
U4: P3: DON'T STEAL FROM YOUR BUSINESS
U4: P4: SAVE REGULARLY
U4: P5: MAKE AND FOLLOW A PERSONAL BUDGET
U4: COMMIT TO ACTION
UNIT 5: PAPERWORK—BUSINESS
U5: REPORT ON COMMITMENTS FROM UNIT 4
U5: PAPERWORK—BUSINESS PRINCIPLES
U5: P1: KEEP RECORDS
U5: P2: RECORD INCOME & EXPENSES AT THE POINT OF SALE
U5: P3: PART A: MAKE AN INCOME & EXPENSE LOG
U5: P3: PART B: MAKE AN INCOME & EXPENSE LOG
U5: P4: PART A: CREATE AN INCOME STATEMENT
U5: P4: PART B: CREATE AN INCOME STATEMENT
U5: P5: AVOID SELLING ON CREDIT
U5: COMMIT TO ACTION
UNIT 6: PAPERWORK—BUSINESS BUDGET
U6: REPORT ON COMMITMENTS FROM UNIT 5
U6: PAPERWORK—BUSINESS BUDGET PRINCIPLES
U6: P1: REVIEW YOUR INCOME STATEMENTS
U6: P2: TO PLAN YOUR BUSINESS BUDGET
U6: P3: MAKE A BUSINESS BUDGET TO GUIDE YOUR FUTURE
U6: COMMIT TO ACTION
UNIT 7: PRICE
U7: REPORT ON COMMITMENTS FROM UNIT 6
U7: PRICE PRINCIPLES
U7: P1: KNOW THE COST OF YOUR PRODUCT OR SERVICE
U7: P2: REDUCE EXPENSES
U7: P3: INCREASE PRICES
U7: P4: INCREASE PROFIT & SALES BY ADDING VALUE
U7: P5: HAVE MORE THAN ONE SUPPLIER
U 7: COMMIT TO ACTION
UNIT 8: PROCESS
U8: REPORT ON COMMITMENTS FROM UNIT 7
U8: PROCESS PRINCIPLES
U8: P1: KNOW YOUR PROCESS
U8: P2: CONSTANTLY IMPROVE YOUR PROCESSES
U8: P3: HIRE SLOW & FIRE WHEN NECESSARY
U8: P4: USE TIME WISELY
U8: P5: KEEP YOUR BUSINESS CLEAN & ORGANIZED
U8: COMMIT TO ACTION
UNIT 9: PROMOTION
U9: REPORT ON COMMITMENTS FROM UNIT 8
U9: PROMOTION PRINCIPLES
U9: P1: STATE YOUR BUSINESS IN 30 SECONDS
U9: P2: BRAND YOUR BUSINESS
U9: P3: PUT YOUR CUSTOMERS FIRST
U9: P4: KNOW & VALUE YOUR CUSTOMERS
U9: P5: CONSTANTLY IMPROVE SALES
U9: COMMIT TO ACTION
UNIT 10: PAPERWORK—ASSETS & LOANS
U10: REPORT ON COMMITMENTS FROM UNIT 9
U10: PAPERWORK—ASSETS & LOANS PRINCIPLES
U10: P1: PART A: BUILD PRODUCTIVE ASSETS
U10: P1: PART B: BUILD PRODUCTIVE ASSETS
U10: P2: PUT YOUR SKIN IN THE GAME
U10: P3: BEWARE OF FIXED COSTS
U10: P4: KNOW IF AND WHEN TO GET A LOAN
U10: COMMIT TO ACTION
UNIT 11: COMMUNITY INVOLVEMENT/FORMALIZE YOUR BUSINESS
U11: REPORT ON COMMITMENTS FROM UNIT 10
U 11: COMMUNITY INVOLVEMENT PRINCIPLES
U11: P1: DO YOUR COMMUNITY SERVICE PROJECT
U11: P2: PART A: LEARN THE REQUIREMENTS TO FORMALIZE YOUR BUSINESS
U11: P2: PART B: LEARN THE REQUIREMENTS TO FORMALIZE YOUR BUSINESS
U11: P3: DECIDE WHEN TO MAKE YOUR BUSINESS FORMAL
U11: P4: KNOW THAT YOU CAN SELL YOUR BUSINESS
U11: COMMIT TO ACTION
UNIT 12: KEEP GROWING
U12: REPORT ON COMMITMENTS FROM UNIT 11
U12: KEEP GROWING PRINCIPLES
U12: P1: COMPLETE YOUR MBS REQUIREMENTS
U12: P2: KEEP YOUR BUSINESS GROWING
U12: P3: CELEBRATE SUCCESS
U12: P4: BECOME A SUCCESS AMBASSADOR
U12: COMMIT TO ACTION
WHO IS A SUCCESS AMBASSADOR
A Success Ambassador creates their own self-reliance training business to help others become more self-reliant. Once a Success Ambassador has learned and applied Interweave Solutions Master of Business in the Street (MBS) self-reliance principles to their own life and has received their MBS and Success Ambassador certificate, they can teach the course to others.
Success Ambassadors can form MBS self-reliance groups with governments, churches, NGOs, Micro-Finance Institutions, neighbors, etc. to help individuals grow their businesses and improve their homes and communities. They are authorized to issue an Interweave Solutions International MBS certificate to their participants when they meet Interweave Solutions standards.
Absolutely! Success Ambassadors charge a competitive price to each participant and keep their earnings after paying Interweave for the printed manuals and MBS certificates. Becoming a Success Ambassador is a great way to help others and earn money at the same time by developing a profitable MBS training business.
WHAT YOU WILL LEARN IN THE COURSE
UNIT 1: COURSE INTRODUCTION
PRINCIPLE 1: What is a Success Ambassador?
PRINCIPLE 2: What to Expect From This Course
PRINCIPLE 3: The History of Interweave Solutions
PRINCIPLE 4: The World Needs Success Ambassadors
PRINCIPLE 5: Remember the Importance of the MBS
PRINCIPLE 6: How Do I Become a Success Ambassador?
UNIT 2: GENERATE GROUPS
UNIT 2: REVIEW OF UNIT 1 COMMITMENTS
PRINCIPLE 1: Who is your MBS market?
PRINCIPLE 2: Understanding the "Jobs to be done" Theory of Marketing
PRINCIPLE 2: Using the "Jobs to be done" Theory
PRINCIPLE 3: Composing your 30 Second Business Statement
PRINCIPLE 4: How to Set the Price. 2
PRINCIPLE 5: Practice your Marketing Presentation
PRINCIPLE 6: Generate Your Pilot Group
UNIT 3: FACILITATE GROUPS
UNIT 3: REVIEW OF UNIT 2 COMMITMENTS
PRINCIPLE 1: Use Report, Learn, Commit
PRINCIPLE 2: Utilize Code, Discuss, Act
PRINCIPLE 3: Implement the 8 Golden Rules of Facilitating
PRINCIPLE 4: Evaluate the Group and Yourself
Principle 5: Successfully teach Paperwork.
UNIT 4: GRADUATE GROUPS
UNIT 4: REVIEW OF UNIT 3 COMMITMENTS
PRINCIPLE 1: myPlatform (Creating Groups)
PRINCIPLE 2: myPlatform (Registering Participant)
PRINCIPLE 3: myPlatform (Uploading the Requirements)
PRINCIPLE 4: myPlatform (Approving Projects and Downloading Certificates)
PRINCIPLE 5: The Process of a Graduation Ceremony
PRINCIPLE 6: Tips and Tricks for a Successful Graduation Ceremony
UNIT 5: SUPPORT GROUPS AND INTERWEAVE SUPPORT
UNIT 5: REVIEW OF UNIT 4 COMMITMENTS
PRINCIPLE 1: How to Support MBS Groups
PRINCIPLE 2: Use Interweave Resources to Continue Improving
PRINCIPLE 3: Rights, Obligations and Expectations of Ambassadors
READY TO FORMALIZE YOUR BUSINESS?
DIFFERENCE BETWEEN BUSINESS NAME (ENTERPRISE) AND COMPANY (LLC)
The terms "Business Name" (also referred to as Enterprise or Venture) and "Company" (specifically, Limited Liability Company) are often used interchangeably, but they have distinct meanings and implications. Understanding the differences between these two concepts is crucial for entrepreneurs, business owners, and legal professionals.
Business Name (Enterprise or Venture):
A business name, enterprise, or venture refers to the name under which a business operates. It's the identity that a business uses to present itself to the public, customers, and clients. A business name can be a sole proprietorship, partnership, or any other legal structure. It's a trading name that may or may not be registered with the relevant authorities.
Characteristics:
- No separate legal entity
- No liability protection
- Owner(s) have unlimited personal liability
- Taxed as part of the owner's personal income
- Easy and inexpensive to establish
- Minimal legal and regulatory compliance
Company (Limited Liability Company):
A company, specifically a Limited Liability Company (LLC), is a separate legal entity from its owners (shareholders). It's a legal structure that provides liability protection, tax benefits, and perpetual succession. An LLC is a distinct entity from its owners, with its own rights, privileges, and liabilities.
Characteristics:
- Separate legal entity
- Liability protection for owners (shareholders)
- Limited personal liability for owners
- Taxed as a separate entity (corporate tax rate)
- More complex and expensive to establish
- Subject to legal and regulatory compliance requirements
Key differences:
- Legal Status: A business name is not a separate legal entity, while a company (LLC) is.
- Liability Protection: A business name offers no liability protection, whereas a company provides limited liability protection for its owners.
- Taxation: A business name is taxed as part of the owner's personal income, while a company is taxed as a separate entity.
- Formalities: A business name has minimal legal and regulatory compliance requirements, whereas a company is subject to more stringent compliance requirements.
In conclusion, a business name (enterprise or venture) refers to the trading name of a business, while a company (Limited Liability Company) is a separate legal entity that provides liability protection and tax benefits. Understanding the distinctions between these two concepts is essential for entrepreneurs and business owners to make informed decisions about their business structure and legal status.
Page updated
Google Sites
Report abuse