Are you bitter that your network is not producing results? Are you angry that the people you’ve been connecting with aren’t sending business your way? Tired of working long hours in your business only to see your bank account almost empty and your bills piling up?

The problem is in you, yes, in you. You’ve been giving away too much for too long and now you’re attracting bankruptcy entrepreneurs.

Who is a bankrupt entrepreneur? He is someone who operates with a frugal mindset, but refuses to spend money to operate his business.

You are a smart entrepreneur with an amazing product or services. However, the only way you can start reaping the financial rewards you deserve is to rid your life of these bankrupt entrepreneurs.

First, you must detect them. So you need a strategy to avoid them, or if they are already infiltrating your life, you need a plan to get rid of them. Here are my 7 tips based on what my friends tell me.

1. Bankrupt entrepreneurs always choose your brain. They will email or call you whenever they find a problem that you have the expertise to resolve. How to avoid them: Compose an email that lists all the gifts you offer on your website. This will include links to your blog, articles on your website, your podcast, and any other advice that you freely offer online. Then end the email by saying, “If after reviewing my free resources you still have questions, you can rent my brain for $ 200 an hour.” You will never hear from the bankrupt entrepreneur again.
2. Bankrupt entrepreneurs copy it instead of coming up with fresh new ideas.. They will plagiarize your content, copy your website design, and use your trademark name in their marketing materials. How to avoid them: Use a website like copyscape.com to control who copies the content on your website. Being proactive to protect yourself will prevent investment entrepreneurs from messing with you in the first place.
3. Brokeback entrepreneurs attend all the free events you offer. They live for $ 0, with no teleclass, webinar or workshop cost. They will never pay for any of your events, preferring to hear the same one for free over and over again. Then they will come up to you at every break or dominate every question and answer session for free advice. How to avoid them: You can not. Instead, cut down on the questions the entrepreneur asks you (without being impolite, of course) and invite them to contact you via email. When you do, take my advice at n. 1 above.
4. Bankrupt entrepreneurs feel uncomfortable when selling their products or services. They will email you after your teleclass or come up to you after your speech and scold you about how wrong it is to use 2 minutes at the end of your 50 minute briefing to sell them anything. How to avoid them: Keep your mood. Remember, the price is for an investment entrepreneur like billions for Trump, so he will never be your client as he will never spend money with you. Instead, thank the investment entrepreneur for their advice, then move on to the next person. Don’t get into an argument with the bankrupt entrepreneur. Chances are that when the entrepreneur complains to colleagues that you really tried to sell something, the entrepreneur will freak out.
5. Brokeback entrepreneurs will seek to exchange their services with you.. They never want to spend money on anyone’s services simply because no one is spending money on him or her. How to avoid them: Not all barter relationships are bad. Instead, define the arrangement in advance by writing a statement of work. It details the start and finish dates, what is included and excluded in the project, as well as a timeline. Also, issue an invoice that shows the value of the work you are providing, but has $ 0 for the amount owed. Most likely, the bankrupt entrepreneur will find someone else who is not taking the barter relationship so seriously.
6. Bankrupt entrepreneurs expect you to drop everything for them. Because he or she is sitting in your home office playing with their thumbs, the bankrupt entrepreneur hopes you are too. The reason he or she has so much free time is because he or she is not making money. So when they leave you a voicemail or email you, they expect to see a response within an hour. How to avoid them: Update your voicemail greeting so people know when you normally return greetings. A typical response time is 24 hours. A general rule of thumb is to respond to your customers and prospects who inquire about your product or service on the same business day. An investment entrepreneur is generally neither, so get in the habit of responding to network contacts within 3 business days.
7. Bankrupt entrepreneurs hang out together. Those who feel they shouldn’t spend money on anything other than registering a domain name hang out with like-minded people. How to avoid them: If you want to be a millionaire, hang out with millionaires. If you want to have a successful business, hang out with people who have a successful business. If you want to be bankrupt, hang out with bankrupt people. It’s that easy.