Why Does Orrin Woodward Imply That LIFE Really Started 18 Months Ago?
From Orrin’s blog post, Entrepreneur as Leader (bold emphasis mine):
When my co-founders and I started LIFE Leadership, we did so with little funds or resources, but we had a superbly talented leadership team. I knew that the leadership team would quickly build the leadership products that could compete with any leadership team anywhere. Interestingly, over the last 18 months LIFE Leadership has become a $50 million dollar conglomerate through building the highest quality personal development products in the industry.
To one unfamiliar with Orrin Woodward’s history, one might assume that LIFE is a new business that went from $0 to $50 million in 18 months. They wouldn’t know that Orrin got his start in the Amway business, formed his own tools business (TEAM), got kicked out of Amway, and was with MonaVie for three years before “starting” LIFE.
Forbes noted that TEAM made $42 million around 2007-2008, with Orrin pocketing $6 million himself. That doesn’t sound like he’s been lacking for funds or resources now, does it?
Granted, when Orrin got started in Amway back nearly two decades ago, he had less funds and resources than he does now. While he might claim that people in LIFE have the same opportunity that he did, do the facts say otherwise? What is the average amount of income for each rank in LIFE? What’s the attrition rate? How are the $50 million dollars distributed within the LIFE organization?