Orrin Woodward on LIFE & Leadership

Inc Magazine Top 20 Leader shares his personal, professional, and financial secrets.

  • Orrin Woodward

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    Guinness World Record Holder for largest book signing ever, Orrin Woodward is a NY Times bestselling author of And Justice For All along with RESOLVED & coauthor of LeaderShift and Launching a Leadership Revolution. His books have sold over one million copies in the financial, leadership and liberty fields. RESOLVED: 13 Resolutions For LIFE made the Top 100 All-Time Best Leadership Books and the 13 Resolutions are the framework for the top selling Mental Fitness Challenge personal development program.

    Orrin made the Top 20 Inc. Magazine Leadership list & has co-founded two multi-million dollar leadership companies. Currently, he serves as the Chairman of the Board of the LIFE. He has a B.S. degree from GMI-EMI (now Kettering University) in manufacturing systems engineering. He holds four U.S. patents, and won an exclusive National Technical Benchmarking Award.

    This blog is an Alltop selection and ranked in HR's Top 100 Blogs for Management & Leadership.

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Network Marketing & Gresham’s Law

Posted by Orrin Woodward on August 4, 2013

Gresham’s Law of Money states that bad money drives out good money. Fiat money, in other words, drives out real gold and silver since it is simply paper where gold and silver have real demand in the market. In a similar fashion, bad leadership drives out good leadership in Network Marketing. In the third video in the series, my good friend Art Jonak and I discuss how to check the Five Laws of Decline from harming your company.

In truth, a leadership/performance culture is the most effective way to check the Five Laws of Decline (FLD). How is your organization doing in its efforts to check the FLD? The answer to this question is imperative to the longterm success or failure of your company. LIFE Leadership is designed as a leadership culture that rewards people based upon performance, not politics for this reason.

Sincerely,

Orrin Woodward

11 Responses to “Network Marketing & Gresham’s Law”

  1. Richard Kroll Jr. said

    Another great installment… thank you Orrin! I’m really enjoying how the Five Laws of Decline (FLD) affect business. Thank you for creating a culture in LIFE Leadership based on Meritocracy!!!

  2. Scott Staley said

    We some article Orrin. I love the scoreboard – we all have the right to be unequal based on our results.

  3. Mario Vega said

    Thank ORRIN for all the tools you make available, so we can be the leaders we need to be. Blessings from the LIBERATORS in Florida.

  4. Kevin Hamm said

    Orrin,

    I thank you for your performance based culture. I have been around the LIFE culture long enough to see that performance is rewarded and likewise non-performance is acknowledged by both lack of reward and lack of recognition. I know of other scenarios where past performers, because of name recognition or stage presence are utilized to promote the “company” regardless of their current performance. It is clear in the LIFE organization: to get the reward I must perform and equally and almost more importantly, to keep the reward I must continue to perform. Threat of loss can be as motivating as anticipated reward. This keeps Geshom’s law in check and LIFE does it so effectively.

  5. Kirk Birtles said

    Orrin… Love getting the summary of applying the 5 laws of decline to building communities! Thanks for all you do!! kb

  6. Lynda Varada said

    Orrin…thanks for fixing it.

  7. Peggi Kern said

    I’m looking forward to the next one! I’m really enjoying them.

  8. Wow. Really great interview.

  9. Elaine Mallios said

    Guilty! Ok I get it. You are so right. Thanks.

  10. Jason Dames said

    Love these talks!!!

  11. Chad Waters said

    Hi Orrin

    The Five Laws of Decline are so important for everyone to understand so they can achieve their spot on the score board!
    Great serries!

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