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

by Robert T. Kiyosaki, Sharon Lechter, Sharon L. Lechter

3.88 of 5 stars 3.88 · rating details · 477 ratings · 33 reviews

The tenth book in the series provides firsthand accounts of the author's startup companies, what he learned from his successes and failures, and other topics a reader needs to know in order to start a company and quickly develop it.

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Published September 1st 2005 by Grand Central Publishing (first published January 1st 2005)

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Jan 01, 2009 Nola rated it 4 of 5 stars · review of another edition Recommends it for: someone wanting to increase their financial IQ, small business owners or would-be owners

Recommended to Nola by: Kiyosaki

Shelves: nonfiction-financial

Well, I don't know what it means that the last book I finished in 2008 was a financial book, but I wonder if it might have any effect on the upcoming year. Of course, as much as I enjoy the Rich Dad series, I do not intend to become an entrepreneur (mostly because I have a REAL problem spelling that without the help of spell check!). Still, even without having a goal of building a business, I found the fourth book in the "Rich Dad" series to be very thought provoking, and it gave me a lot to che...more Well, I don't know what it means that the last book I finished in 2008 was a financial book, but I wonder if it might have any effect on the upcoming year. Of course, as much as I enjoy the Rich Dad series, I do not intend to become an entrepreneur (mostly because I have a REAL problem spelling that without the help of spell check!). Still, even without having a goal of building a business, I found the fourth book in the "Rich Dad" series to be very thought provoking, and it gave me a lot to chew on.

Kiyosaki makes some interesting points about building a business, and he does a good job noting the difference between the self-employed and the multimillion-dollar businesses. His overall structure was very helpful, but the content of the chapters were a big confusing. For instance, he talks about how a person who sets up a business in the "S" (self-employed) quadrant has a difficult time transiting to the "B" (business) quadrant (the quadrants being from the Cash-Flow quadrant discussed in book two, "Rich Dad's CashFlow Quadrant"). Then he goes on to discuss how he intentionally threw himself into the "S" quadrant with hopes of learning more about how to enter the "B" quad. Now, I understand the logic behind it - you cannot learn how to build a multimillion-dollar business if you don't understand how to build a small business. But still, the way he phrases it seems intuitively contradictive.

I did appreciate some of the insight he provided into the formation of his "Rich Dad" company. At long last, I know why every time I finish re-reading "Rich Dad, Poor Dad" I consider purchasing Kiyosaki's game "CashFlow" - because the book was written not only with the idea to educate but also as a marketing strategy. I also appreciated the time Kiyosaki spent justifying the higher price, as a part of the various pricing strategies small businesses need to consider. (And another great sales pitch; when I began weighing the game not as an entertainment board game but as an investment class, the $200 price tag seemed more reasonable [scary, isn't it?].) At the very least, I came to understand why he chose to make a game so expensive. Whether or not we will ever purchase it is still up in the air.

Anyone with the intentions of operating in the "B" quadrant - or even in the "S" quadrant - would greatly benefit from reading this book. But they are not the only ones; people who intend to move into the "I" quadrant would equally benefit. Also, as I recall, there are some points made for those intending to invest in real estate - I'm still not sure if that is a "B" or an "I" quadrant - that function here, the way Kiyosaki discusses incorporating. In short, this is a great book for anyone who hopes to improve their financial literacy.(less)

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Jan 29, 2012 Chad Warner rated it 3 of 5 stars · review of another edition

Shelves: business, non-fiction

This book is full of general but practical advice on planning, launching, and growing a business. The focus is more on growing a large business than on becoming self-employed. In fact, Kiyosaki seems to view self-employed professionals as underachievers, as if those people fall short by not building large businesses. Kiyosaki speaks a lot from firsthand experience, but he also draws lessons from businesses and entrepreneurs.

I’m a Robert Kiyosaki fan, so despite his low opinion of the self-employ...more

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Jul 09, 2009 Scott Dinsmore rated it 3 of 5 stars · review of another edition

Why I Read this Book: I was about to quit my job to pursue some of my true interests. This sounded relevant. It certainly was.

Review:

A lot can be learned from Robert Kiyosaki and his experiences. I enjoy his books because they not only take an innovative perspective on things, but it is a perspective from which he lives day in and day out. I found myself at the book store a year or so ago with a pile of books having to do with Entrepreneurship and being your own boss. I was within weeks of my fi...more Why I Read this Book: I was about to quit my job to pursue some of my true interests. This sounded relevant. It certainly was.

Review:

A lot can be learned from Robert Kiyosaki and his experiences. I enjoy his books because they not only take an innovative perspective on things, but it is a perspective from which he lives day in and day out. I found myself at the book store a year or so ago with a pile of books having to do with Entrepreneurship and being your own boss. I was within weeks of my final day at work and to be honest, I was starting to get a bit nervous. I had nothing lined up, but that of course was the point. I did not want to have anything else lined up because I was determined to find something to do on my own. This would take creativity and as I have mentioned so many other places on this site, my creativity is at its peak when I am reading, especially when the authors have done what I want do.

This book seemed like the perfect fit. It seemed very logical to read a book entitled “Before You Quit Your Job” just before I quit mine. The funny thing is that I did not actually get around to reading it until my last day at work had come and past. As it turned out this book was much more about being a successful entrepreneur than it was about quitting any job. I think the title may be a bit misleading but it certainly got my attention. The subtitle, “10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business,” is much more fitting. Throughout the book Kiyosaki (and his C.P.A. Sharon Lechter) discuss the most important aspects and necessities of being an entrepreneur. He positions them as ten lessons but through those ten he is able to get across countless tips and fundamentals that any and everyone should at least be conscious of before setting out to be successful on their own.

What I think is most powerful about this book is that it is as much of a biography about Robert’s business and lifetime trials and tribulations as it is anything else. I have mentioned before how valuable it is to read others’ life stories to get an understanding for what it took to get them to the proverbial top. Before You Quit Your Job is perfect for that. Kiyosaki is the model entrepreneur. He quit his high paying job to go out on his own, he failed, he learned, he did well, he failed, he learned and then he did very well. He discusses the various peaks and valleys that he experienced and how they have made him a better entrepreneur and business man. It is encouraging to read that Kiyosaki’s road to the top was not without some major down turns.

When it comes down to it, you are the sum of your experiences. You can either make them work for you or against you, but it is for you to decide. Robert channeled all of his experiences into a very powerful and positive energy. You can do the same.

There are a few points mentioned throughout this book that I believe are exceptionally powerful. One is the discussion about excuses. Robert emphasizes the fact that excuses are one of the easiest things to come up with and are probably the most limiting thoughts for an Entrepreneur. You cannot let excuses get the best of you. Money is the perfect example of a common excuse for not going after what you love. Some of the most successful people of our time have gotten to the top after starting with nothing. He also puts great value on continued learning, attending seminars, knowing how to sell and having a mission statement. That mission idea seems to be coming up more and more doesn’t it? Perhaps it is worth investigating.

The concept that has stuck with me the most since reading this book is the following. It is easy to stand still and do nothing. It is so easy to go to work for those 40 hours and keep getting your steady paycheck. It is so easy to keep doing what you have always done, but then of course we know you will keep getting what you have always gotten. There will never be a perfect time to make that leap out of complacency and into your dream. The hardest part is getting started. Get educated about it and start today.(less)

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Dec 31, 2009 Kassin rated it 3 of 5 stars · review of another edition Recommends it for: Potential entrepreneurs

Recommended to Kassin by: Tanner

Thanks, Tanner, for letting me borrow this! One more business book for the memory bank. All good concepts, and like many of Kiyosaki's books, a little on the repetitive side. The things that stuck with me:

1) Make sure the following bases are covered:
- Product
- Legal
- Systems
- Communications
- Cash Flow

(A good guide to follow for the newbie entrepreneur.)

2) Don't market yourself as being cheap - this will only get you cheap customers.

3) When it comes to marketing, think:
- Product
- Person
- Price
- P...more

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Oct 29, 2009 Natalie Wickham rated it 4 of 5 stars · review of another edition

Shelves: business-finance

This was the second book our Business Study group went through this Spring. The authors begin with a discussion of what makes entrepreneurs different, including the observation that “The reason there are more employees than entrepreneurs is simply that our schools train young people to become employees.” This statement is followed with a short paragraph on the Prussian model of education that is the basis for our government-run education system. They go on to share how to identify the difference...more

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Jan 23, 2013 Joseph Moskie rated it 4 of 5 stars · review of another edition

Lots of practical advice, which was refreshing.

The tone of all of the "Roch Dad" books is really informal, even as very serious topics are being discussed, which made the book fairly accessible.

Most notable was the fact that the vast majority of the book was devoted to failing, and "getting back on the horse." You follow the author as he fucks up several times and loses all his money, only to come out a much better entrepreneur (and man!)

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Jul 10, 2012 Roseanne rated it 4 of 5 stars · review of another edition

This review has been hidden because it contains spoilers. To view it, click here.

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Jul 14, 2009 Alyssa rated it 5 of 5 stars · review of another edition

Shelves: inspirational, non-fiction, self-improvement

I learned that being employee-minded=middle class=broke. I am amazed at the overhead it takes to start a business, which makes me incredibly grateful that the business Will and I are building has the system it does because it's all of the benefits of building a big business, without the overhead costs! Amazing!

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Mar 07, 2013 Kimbolimbo rated it 3 of 5 stars · review of another edition

Shelves: read-in-2013

If you are about to start a business, especially with a novel product, then give this book a looksie. There are probably other books out there with more complete information but this spells out some important lessons and rules. It wasn't a useless book.

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Aug 03, 2009 Rita Webb rated it 5 of 5 stars · review of another edition

Shelves: financial, how-to-books, read-in-2009

This book gave me a great understanding of how to build a business, how to avoid common pitfalls, and how to prepare for growth in your business. As I am a self-employed author on a part-time basis, wanting to become a full-time author, this was a very powerful and useful book for me.

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Jul 08, 2009 Craig Kelley rated it 4 of 5 stars · review of another edition

I read this book about the time I was contemplating going out on my own. I didn't end up going "full-time" on my own but instead created a nice business on the side. This book is a good read but may not answer the question "should I do it" for you.

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Apr 07, 2013 Waseem rated it 4 of 5 stars · review of another edition

really good read, some frank but important points in anyone's journey from transforming into an effective entrepreneur and not jumping into the world of business blindly

Waseem Mirza
www.InternetRichesMentor.com

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Nov 13, 2011 Tihomir rated it 5 of 5 stars · review of another edition

Shelves: favorites

The book contains very useful topics based on Mr. Miyosaki's real-life experience. It is very good source of wisdom and "how-to" tactics. I really licked the book.

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Dec 01, 2012 Usiere Uko rated it 5 of 5 stars · review of another edition

A must read before you quit your job. Shows entrepreneurship is not for every one. You have to have what it takes

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Jul 13, 2012 Shivakumar added it · review of another edition

Want to leave your job and start your own journey ? Best guide in the form of a book.

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Feb 01, 2012 Emmie rated it 2 of 5 stars · review of another edition

I've always liked Kiyosaki's helpful and easygoing style. There isn't tons of meat in this book, but there are some instructive anecdotes.

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Dec 10, 2008 Charleen rated it 3 of 5 stars · review of another edition

great for any aspiring entrepreneur.

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Aug 17, 2009 Noel Brasel III rated it 4 of 5 stars · review of another edition

Very good book on entrepreneurship.

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Jan 11, 2012 Goodthelife rated it 4 of 5 stars · review of another edition

Borrowed audio book from the library. Loved it! Took copious notes. Much was a refresher from other books, but good to hear again.

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Feb 20, 2008 Trina rated it 4 of 5 stars · review of another edition Recommends it for: starting out entrepreneurs

This was a very inspirational and insightful book. It forces you to ask yourself the hard questions: "Can I be an entrepreneur" "Am I ready" "Can I overcome the fear". Kiyosaki's writing style is simple with several real life examples to back up his lessons/tips. I prefer his partner's style (Sharon Lector) of writing a little more because she cuts through his story telling and hands you the meat of the lesson. All in all it was a great book that continues on the tradition of the first Rich Dad...more

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Apr 30, 2011 Katya Kean rated it 4 of 5 stars · review of another edition

Shelves: recommended-business-books

Great book. If you're thinking of starting up a business or working for yourself (yes, those two are different), read this first. Or if your small business is struggling, check it out. It's a nice sequel to "Rich Dad Poor Dad".
As for me, I quit my job and Then read this book, so it's helped me see where I've gone wrong, so that's good.

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Sep 07, 2008 Amy Edwards rated it 4 of 5 stars · review of another edition

Shelves: finances-business

A must read for any entrepreneur...or the spouse of one. It really explains the mindset of an entrepreneur, so you can see if you have the right frame of mind to be one and you can better understand your spouse or child, etc if they are one (and it's making you nervous)

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Sep 05, 2011 Natasa Tovornik rated it 5 of 5 stars · review of another edition

Shelves: better-living, business, money

makes you wonder why we studied at university and takes away the falls sence of security of having a job.

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May 13, 2008 Dan rated it 4 of 5 stars · review of another edition

Shelves: shelved

I'll give it 4*'s because at the time it was quite good and it's still probably not bad. It's more motivational perhaps than practical.

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Apr 25, 2008 Nathan rated it 3 of 5 stars · review of another edition

Not that I'm planning on quitting my job any time soon, but If I ever do, I'm glad I read this. I used to be scared of my finances. Not anymore.

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Mar 11, 2008 Noelle rated it 4 of 5 stars · review of another edition

Shelves: business

This was good, it encourages you to stay employed while building your business. Tells you what common traps to avoid.

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Mar 01, 2012 TarasProkopyuk rated it 3 of 5 stars · review of another edition

Книга которая полезная только на самых началах бизнеса, но дальше она теряет свою ценность.

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Feb 06, 2008 Teddy Dharmosoewito rated it 1 of 5 stars · review of another edition

...becarefull with Kiyosaki, his writing is "too inspirative & tendencious" sometimes..:-)

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Jul 22, 2008 Jacob rated it 4 of 5 stars · review of another edition

A great introduction to would be entrepreneurs in the rich dad way.

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May 22, 2008 Prasetya022002 rated it 4 of 5 stars · review of another edition

create business...if failed, learn and start creating again

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About Robert T. Kiyosaki

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. He has now had at least a dozen books published. A partial list of his books is included below

More about Robert T. Kiyosaki...

Books by Robert T. Kiyosaki

Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

Rich Dad's Retire Young, Retire Rich (Rich Dad)

The Business School For People Who Like Helping People

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