The way to success in business is challenging. What does it take to be a successful entrepreneur? Robert Kiyosaki, the famous American inventor ,businessman, the author of best-sellers Rich Dad Poor Dad ,Rich Dad’s Cashflow Quadrant, serves an inspiration for many people in the business world. Here are his top success principles .
First of all, Robert Kiyosaki thinks that the more you experience, the smarter you become. His life story proved this .He started several businesses and some of them went bankrupt. After the failure of his businesses he decided to make small investments into real estate and that experience made him a great real estate investor today.
Secondly, Kiyosaki strongly believes that the more you give ,the more you receive. If you create an excellent product for your customers , so in return they will buy more and become your customers. Robert Kiyosaki made a lot of money but he gave a lot of money to the world. According to him, what we think will determine the results in our life. When he was broke, he used this as an opportunity to learn and grow. The main thing you need to do is to change the way you think. As a result, your life will change too. “ Your biggest asset is you”, as Robert Kiyosaki said.
The rule of thumb in business is FOCUS which means Follow One Course Until Successful. That is what Kiyosaki did after a real estate investment seminar in 1997 and he followed it until he became successful. If you want to be rich , you have to stay focused until you achieve a result.
Kiyosaki also considers that hard times bring new opportunities. When things are tough, the economy will go down and there are a lot of opportunities for business. Robert made more money when the economy was in crisis.
Most famous entrepreneurs failed many times before they became successful. For example, the billionare entrepreneur Jack Ma failed his university entrance exams twice and was rejected from thirty jobs before he founded China’s most successful technology company Alibaba. That’s why it is very important to get over the failure if you want to succeed. As Robert Kiyosaki advised not to be afraid to lose.
One of the success lessons from Kiyosaki is to be financially educated. He believes that you have to equip yourself with the necessary financial education if you want to earn income in your business. In his books he teaches how to build passive income which makes you rich.
Therefore, the key factor for success is to build and acquire assets that will give you passive income.”The Rich Dad company is getting stronger because every year we add more assets”, as Robert Kiyosaki admitted.
Another suggestion from Kiyosaki is to stop saving money and hedge it against inflation.
In his book Rich Dad Poor Dad he says that the rich do not work for money , they use their money to work for them. They work to acquire more assets which provide them with passive income .