Friday, October 06, 2006

Move to the right ...

In the past 2 posts, we've talked about being on the left side of the quadrant, the rat race side. It's the side most people are on.

To become financially free, you need to start moving to the right side ... the freedom side. Most financially successful people are active in both quadrants on the right side but Rich Dad says the ones who are the most wealthy know the skills of building a business. If you are reading this blog, you are also interested in building a business. The skills outlined on this site are the ones needed to build a passive income business.

For those building a network marketing business, keep at it, you're on your way to moving to the right and becoming a B.

Lets remember the difference between a B and an S ... a B could leave his business for a year, come back and find the company as profitable, if not more so, than when he left. A person leaving an S business would return after a year to find no business remaining.

If you’re a B (business owner)

You’re almost the opposite of an S.


Because rather than doing things yourself, you like to surround yourself with smart people from all four categories: E, S, B, and I.

Unlike the S, who does not like to delegate work, the true B likes to delegate. Many people know either the essence of leadership or the technical skills of business. To be a successful B, you really need to know both. Rich dad always said, “The technical skills of business are easy…the hard part is working with people.”

Many entrepreneurs who start up a new company to produce something no one else has produced wind up starting an S-quadrant type of business and not a B-quadrant type.

Not that one is necessarily better than the other, but many people who want to start the latter end up starting the former—out of ignorance or inexperience. And they become stalled in their quest to move to the right side of the quadrant.

B owners own a system, not a job. So when they go on vacation, they still make money.

To be successful as a B requires both:

a. Ownership or control of systems.
b. The ability to lead people.

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