Term and Declaration
There is one thing that all entrepreneurs have in common.
- They keep going.
- They'll change the rules.
- They'll reinvent the rules.
If they had to do it again they go work for or get a mentor.
So today let's learn from one of the best Robert Kiyosaki and his secrets to having success as an entrepreneur mentor Robert.
Let's shovel it in with rule number.
Make the most of every opportunity to improve your business skills.
"Skills, not theories, make you wealthy." - Rich Dad
I believe it is important for you to know that Robert Kiyosaki attended the Merchant Marine Academy and joined the Marine Corps in order to get leadership experience.
In business, your ability to effectively lead your team and employees will decide how well your company performs.
"In business, leadership qualities aren't a choice; they're a requirement." - Rich Dad
For four reasons, Kiyosaki worked as a salesman for Xerox Corporation.
- To understand how to market
- To get over shyness
- To get over your fear of being rejected
- To improve his ability to communicate
To expand his mental capacity, he also attended various personal development, business, and investing courses.
That's all for Robert Kiyosaki now, how about you?
What are some of the business skills you've acquired along the way?
What is the price you are willing to pay for knowledge? That, I believe, is a question for you to answer.
Work for the sake of knowledge, not for the sake of money.
"Don't be enslaved by money." To learn, you must work. Don't work for the sake of money. Work for the sake of learning."
Young people, in particular, are frequently caught in a never-ending cycle of labouring for money.
They graduate, confident in their knowledge, and seek high-paying professions.
They eventually find them, but they quickly realise that money alone isn't as rewarding as they had hoped.
Many of today's most successful entrepreneurs, including Robert Kiyosaki, say that working for free and gathering experience and information was one of the most valuable things they did early in their careers.
Knowledge (especially applied knowledge) is one of our time's most potent resources, and it is required to generate riches and live a happy life.
If you're overly concentrated on making money, you may miss out on important opportunities because you won't notice them.
Knowledge and wise decisions always come before money, not the other way around.
Take some time to learn from people who have gone before you to increase your chances of (financial) success.
Support them on their journey, even if it's purely voluntary, so that they have a strong reason to back you up afterwards.
There's nothing like getting a glimpse into the mind of someone who is living the life you want.
Pick up the phone, call individuals, and always look for ways to help others.
It will be lot easier to create your business, career, and long-term wealth if you have enough knowledge and expertise than it will be to learn the hard lessons on your own.
Personal experience yields the best knowledge.
Personal experience, according to Kiyosaki, is the best investment you can make.
He believes that we learn the most from our own errors, and he openly discusses how he has made poor judgments, gotten into debt, and been chastised as a result of his behaviour.
"I got smarter every time I took an investment, whether it was real estate or business, because experience makes you smarter."
Of course, it's pointless to make bad decisions only to discover if they're really bad.
Whenever appropriate, reaching out to mentors or coaches to avoid glaring blunders is a smart idea.
However, if you're unsure whether a decision is the appropriate one, having the experience yourself will provide you with the majority of insights and lessons you wouldn't have learned otherwise.
You'll learn to identify both risks and possibilities and make better judgments in the future if you invest in your experiences and expertise (e.g., through new courses, education, retreats, new collaborations, etc.).
Don't Put Your Faith in Formal Education.
Despite having attended business school, I had no experience founding or running a business until I actually did it.
"The problem with school is that they give you the answer first, then the exam." That's not how life works."
Real life, especially real business, differs dramatically from what we study in schools and universities.
You might get a job if you rely on formal education, but you can only make a fortune and build profitable businesses if you educate yourself.
While schools encourage students to avoid failure, the majority of successful businesses are the result of numerous missteps.
Successful entrepreneurs and executives discuss not only their successes, but also the drawbacks of their businesses.
When you examine deeper, you'll notice that great entrepreneurs aren't overly reliant on formal education.
The good news is that we now have access to more information than ever before.
As a result, self-education is not only straightforward but also free if you put in the effort and study from a variety of sources.
Losses aren't something to be afraid of.
We're taught at school to avoid making mistakes.
While we disregard the correct responses, errors are a persistent source of frustration.
Fear of failure, according to Kiyosaki, is one of the key reasons why most people fail in life and business.
While it is critical to prevent mistakes at school, this is not the case in real life.
You won't learn anything new if you don't make mistakes.
Most successful businesses made mistakes and failed numerous times before finally succeeding.
"In the real world, the wisest individuals are those who learn from their failures." The sharpest students don't make blunders in school."
At the age of 19, when I launched my first business outside of school, I understood how different real life was from what I had learnt in 13 years of formal schooling.
Despite having studied business administration, I had no idea how to run a business and had to learn the majority of my lessons by making mistakes and discovering how things don't work.
It will be difficult to win if you are terrified of losing. You won't have anything to lose if you don't worry about failing and just keep going with perseverance and wise decisions.
Keep an eye on how you spend your time.
Time is one of the most valuable resources for both wealthy people and successful companies.
They invest money to address problems rather than squandering time.
The majority, on the other hand, does the exact opposite: they spend hours addressing little problems and draining their energies because it is less expensive than paying for (professional) assistance.
"The one and only thing that is different between a wealthy individual and a poor individual is how they use their time."
You'll wind up in the wrong locations if you spend your time on the wrong things.
If you prioritise your time and energy, on the other hand, you'll only engage in things that are both meaningful and effective.
As a result, you will be able to reach your targeted goals considerably more quickly.
Learn how to sell.
He is very shy and he came back from Vietnam.
And he could kill people but he couldn't talk to people and one day he said to him.
He decided to follow his rich dad's footsteps.
He just said to him.
He want to be an entrepreneur.
Rich dad says "You got one problem."
He said "What's that so if you're shy."
He said what's wrong with being shy.
Rich Dad says you gotta sell. You got to handle rejection.
Number one skill.
Can you handle rejection.
He says I couldn't handle it.
So Rich Dad stole it while they're having cell.
So now this is the 1973
He was 25 years old and his Rich Dad said how's your love life.
So it sucks getting laid they said no.
So this because you can't sell guys got it.
So when he talk about what skill do you need when the hits the fan you better start selling.
So he went to work for Xerox in 1974 so he learned how to sell it took him four years then he was number one and today He's a best-selling author you know most PhD is telling him.
He can't write
He said I can't write but I can't sell
If you can't sell you don't make money period and the statement you know just because you have a product doesn't mean jack
But the important thing is you start you know he don't care what product you start with what you start and he started off with dylon wallets success wiped him out.
couldn't sell could itself also that it took off then he couldn't finance it couldn't finance to put in finance but the sales kept going through the roof now trouble is I kept borrowing and it couldn't sustain the sales next lesson but that's how we learn ok
Rule number two
Always be a student he'll wakeup tomorrow morning and you're on the street and you have nothing you don't have a single contact and your network all you have is the knowledge and experience that you've had throughout your career
How do you build up from there well
I've been there many times so it's no big deal you just figure out what's needed I'm
why don't you go do it you know I'll always kind of dump on what he called a fast-food industry
if I had to do it again I go work for McDonald's and the reason I go work for McDonald's you know brother has 7 bucks an hour or 15 I don't really care
I don't really like McDonald's food but they have the best business systems inthe world you know
how else can a company take virtually non college-educated people and build a fast-food industry across the world
They have the best system so right inside little McDonald's you can learn everything you need to learn about business except for the management side of its
So I just go work at Donald so I can learn even more so I look at life as learning
I'm constantly learning you know I reading cause of my studying constantly
I spend most of my time with entrepreneurs
I don't spend my time with people who complain about the economy you know
so nothing we really change I just go back to being an entrepreneur
Rule number three
Learned through trial and error
how does an individual that's opens themselves up to learning you know
Actually make sure they don't get sort of roped into the wrong advice and the wrong teaching unfortunately as part of the process you know
I've had bad teachers as well as good teachers that's part of life that's real life it's like how do I know she's the right woman for me should I marry her
I don't know or is he the right man for me
I don't know if you don't know you don't know and sometimes you don't know it till after you get married
It's the same as money there's there's no real answer to that the trouble is those school teachers tell you
There's an answer there isn't an answer there's trial and error there's learning gonna make mistakes
I've made a lot of mistakes but I've never been very good for me because I've learned from them but schools tell you if you make mistakes
you're stupid yes when they should support they don't make enough mistakes
if they make a mistake they don't learn from them
Rule number four have an entrepreneurial mindset entrepreneurs have one thing in common they keep going
they'll change the rules
They'll reinvent the rules you know
they don't just take one answer
So a real entrepreneur really it makes no difference which country you're.
Find a way around it you.