Robert Kiyosaki

Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business

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328 printed pages
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Quotes

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    person this organization attracts.

    10. Be faithful to the process. One reason why many people do not quit their jobs and become

    entrepreneurs is that entrepreneurship can be

    extremely challenging, especially when first starting out. I suggest you follow the basics of the B-I

    Triangle and diligently do your best to master all

    eight categories of the triangle. It takes time, but if you are successful the rewards can be immense. As

    rich dad said, “Entrepreneurship is a process, not a job or profession.” So be faithful to the process and remember that even when times are bad, the process

    will give you a glimpse of the future that lies ahead.

    Over the years I have heard many people use the term BHAG, which stands for Big Hairy Audacious Goal. While having a big hairy goal is commendable, I believe the process and the size of the mission are more important than the goal.

    Rich dad drew for his son and me a diagram that looked like this: He said, “If you are going to have a big goal you need a strong mission to

    push you through the process. With a strong mission, anything is attainable.”

    Thank you for reading this book and we wish you the best of success if you should decide to become an entrepreneur or are already an entrepreneur.
  • b5267513349has quotedlast year
    job and start a part-time business.”

    7. Be willing to ask for help. Rich dad often said,

    “Arrogance is the cause of ignorance.” If you don’t

    know something, ask someone who does know. On

    the flip side, don’t be a pest and ask for too much

    help. There is a fine line between help and a crutch.

    8. Find a mentor. Rich dad was my mentor. I have had many other mentors. Read books about great

    entrepreneurs such as Edison, Ford, and Gates.

    Books can be your best mentors. The Rich Dad

    Company has a mentoring program known as Rich

    Dad Coaching. The coaches on the other side of the

    phone are entrepreneurs, investors, and great

    coaches. Hire them to keep you on track to getting

    what you want from your life. One of my favorite

    entrepreneurs is Steven Jobs, founder of Apple

    Computer and Pixar. Not only do I like his style, I

    love the culture of his business. One of the most

    important things an entrepreneur can build is a

    business with a strong culture. As stated earlier, at The Rich Dad Company we work hard to foster and

    protect a culture of learning and free expression.

    9. Join an entrepreneur’s network. Birds of a feather do flock together. Every city I have ever

    lived in has groups or associations of entrepreneurs.

    Attend their meetings and find one that fits your

    needs. Surround yourself with fellow entrepreneurs.

    They are there for support as well as to be

    supported. Contact your SBA, the Small Business

    Administration, or your local chamber of commerce

    for a schedule of meetings and seminars. They are

    great sources of information as well as resources for entrepreneurs. One group I have been impressed

    with is the YEO, the Young Entrepreneurs

    Organization. Although I am too old to belong to

    this group of young men and women, I have been

    asked to speak at several of their chapters. I have

    always been impressed with the quality of young
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    business or a direct sales business.

    4. Be optimistic as well as brutally honest with

    yourself. In his book Good to Great, Jim Collins does an excellent piece on this need to be brutally

    honest. He writes about his interviews with Admiral

    Stockwell, one of the longest-held POWs from the

    Vietnam War. When Jim Collins asked the admiral

    which type of person died in their cells, the admiral answered without hesitation, “The optimists.” The

    POWs who did survive were those who could

    handle the brutal facts about their situation. On the

    flip side, know the difference between being brutally honest and being pessimistic. I know

    people who will tell you why something will not

    work even if it’s working. I know people who store

    in their mind every piece of negative news possible.

    Negative people, or pessimistic people, are not the

    same as brutally honest people.

    5. How are you at spending money ? Too many people struggle financially because they do not

    know how to spend their money. Too many people spend their money and it never comes back. An

    entrepreneur needs to know how to spend money

    and have more money come back. It is not about

    being cheap, tight, or frugal. It’s about knowing

    when to spend, what to spend on, and how much to

    spend. I have seen too many entrepreneurs go broke

    saving money. For example, when business drops

    off, instead of spending money on more promotions

    the entrepreneur cuts back hoping to save money.

    When this happens business continues to drop off.

    This is an example of the wrong action, at the

    wrong time.

    6. Start a business to practice on. No one can learn to ride a bicycle without a bicycle and no one can

    learn to start, build, and run a business without a

    business. Once you are familiar with the different

    parts of the B-I Triangle, stop planning and start

    doing. As I have always said, “Keep your full-time

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