When Before You Quit Your Job was written and published, it was a guidebook for aspiring entrepreneurs. Today—with the job market in shambles, overseas outsourcing and high unemployment—it can be a path to the salvation so many are looking for: A way take control of their life and use their skills and talents to create their future.
Before You Quit Your Job asks: Do you have a million-dollar idea? Are you afraid of failing? Are you tired of making other people rich? Are you sick of taking order from your boss? Are you tired of working hard and not getting ahead? Are you ready to take a leap of faith and change your life?
Learn about the B-I Triangle and the 8 Integrities of a Business—before you quit your job!
Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012. Since 2010, Kiyosaki was the subject of a class action suit filed by people who attended his seminars, and the subject of investigative documentaries by the CBC, WTAE-TV and CBS News. In January 2024, Kiyosaki revealed that he was more than $1 billion dollars in debt.
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.
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 liked the point that the most successful businesses are those on a mission, pursuing a higher calling than profit.
3 skills for a successful business 1. Be able to sell. 2. Attract, build, and motivate a great team. 3. Teach others to sell, be team players, and succeed.
The B-I Triangle (B is for Business Owner, I for Investor)
Framework Mission: purpose and direction of business Team: people with necessary expertise and skills: owners, employees, outside advisors, business partners Leadership: business owner’s guidance
Levels Product: goods or services the business sells Legal: business entity, intellectual property protection, agreements Systems: processes and procedures: billing, accounting, customer service, etc. Communications: interaction and relationships within the business, and between business and the world: reputation, PR, marketing, sales Cash Flow: capital to operate and execute
• Product isn’t the most important; it’s just the top of the pyramid, supported by the foundation. • Be the expert in one level, and build a team of experts in the others.
3 types of money 1. Competitive money, from competing for jobs, raises, customers, market share, employees. 2. Cooperative money, from cooperating with a business team. 3. Spiritual money, from doing work for a higher calling; not necessarily because you want to do it, but because it must be done and you know you’re the one to do it. It can be because you love the work, or to become the best version of yourself, or because you’re on a mission in life to serve others.
One type of money isn’t better than the others.
Entrepreneurs • Entrepreneurs aren’t necessarily born; they can be trained. • Freedom and security are opposites. Entrepreneurs value freedom over security. Entrepreneurs thrive on risk; employees avoid it. • Entrepreneurship is “the pursuit of opportunity without regard to resources currently controlled.” • Most entrepreneurs own a job, not a business. If you can’t leave your business for a year, it’s probably a job.
Additional advice • “Anything worth doing is worth doing poorly.” This sentiment has become popular with Web 2.0, agile development, and the lean startup movement. • Don’t fear mistakes. Experiment and learn from failure. • Be a smart spender rather than a saver. Spend money that makes you money. • Spend over 50% of your time working on the business’ future. This involves marketing, PR, R&D, strategic partnerships, new deals, and making financial projections. • Aim to be the most expensive. A higher price is perceived as more valuable. The higher the price, the more precise your marketing must be.
• Successful businesses have a mission, to solve a problem or fill a need. They serve others. To be rich, serve more people. • Scale the business to become rich. Move from self-employed to big business. Take the “self” out of “self-employed.”
Final tips • Be willing to ask for help. • Find a mentor. • Join an entrepreneur’s network. Find these through the SBA, or chambers of commerce. Consider the Entrepreneur’s Organization.
I didn't like this book, because I have read multiple books from the Rich Dad series before and once you have read "Rich Dad, Poor Dad" and "Cashflow Quadrant", you basically know the content of them all. It gets annoyingly repetitive, rarely bringing any new information to the table.
Põhilised mõtted, millele enne ettevõtjaks hakkamist peaks mõtlema, on teoses kindlasti olemas. Ilmselt saaks sama teema aga kiiremini ja lihtsamalt kätte ka mõnest eestimaisest teosest.
It is a very insightful book and a must read for anyone who is going to become an entrepreneur. There was alot of good advice and tips in the book. I listed below the best tips he gave in the book.
Kiyosaki's Top 3 Tips to Entrepreneur Success
Tip #1 Value Learning over Money You should get a job that helps you develop the skills and experience you need to become an entrepreneur. He got a job in sales so he could build excellent sales skills.
Tip #2 Start a Part-Time Business Keep your full time job and start a part-time business until the businesses is strong enough for you to quit your job.
Tip #3 Fail Fast You should fail fast because the faster you fail the faster you can learn lessons from your failures.
Kiyosaki never fails to milk the concept behind rich dad in a new and exciting way, while remixing it with stories and a new way of looking at the old concepts. If you have read his other books you may not feel like you learned any new paradigm-shifting concept, The book itself is an easy read and has really great ideas.
This is a must read book for anyone thinking about becoming an entrepreneur.
If I were ever to become an entrepreneur, I will be re-reading this book again.
Here's my notes: A successful business is created before there is a business.
Employee and entrepreneur uses different skill set, mindset, and management style. You never stop learning.
We were taught in school to not make mistakes, and memorize the correct answers. The reality doesn't work that way.
Making mistakes and learning from them are part of the process. Don't be afraid of making mistakes. It is how we learn. Mistakes are opportunities to learn.
To get through the process faster, make your mistakes faster. Keep failing. Each mistake makes you wiser and smarter.
Work to learn, not to earn.
The B-I Triangle is the foundation of a business.
Be good in one of the five levels of the B-I Triangle and then form a team with other people that are good in the remaining 4 levels: Product Legal Systems Communications Cash flow
Keep strengthening all levels of the B-I Triangle.
Most businesses failed because their B-I Triangle were weak. Another reason that businesses failed is they put themselves and money first. Also, different people having different missions. Not to mention the bad expenses too.
The number 1 skill of an entrepreneur is the ability to sell. Sale = Income. You need to be able to convince investors to invest in your company and to get customers to buy your products.
Make sure your team consist of all 4 types of thinker: analytical, creative, technical, and people.
When presented with a new product, go over the numbers on the financial projections or statements with an accountant.
Hire an experienced accountant to help with a proposed budget and cash flow analysis. To go over a budget on what is the cost to start and operate your business.
A business plan lets you think through and put it down on paper. The plan lets the potential investor in on the thoughts inside the mind of an entrepreneur.
Spend money that makes you money.
There are useful questions to ask yourself when planning the cash cycle by using the questions on page 129.
The one with stronger mission wins.
It is the intellectual property of the entrepreneur that pass through the eye of the needle.
A successful business either solve a problem or fill a need.
A leader turn people into teams.
Hire slowly and seriously. Fire your bad customers, employees, and advisors fast.
There are two kinds of communications. One talks to you face to face while the other talks behind your back.
Design your product and come up with the price based on your target market.
Focus on the customers that love your company. Understand the lifetime value of a customer.
Absolutely not what I was expecting. The book is really about the subtitle in this case, not the title. Kiyosaki aims this book at sussing out what a person needs to understand in order to build a business of their own. He adds to the collection of charts he’s created and introduced in other “Rich Dad” books, or possibly not – I haven’t read all that many of them, but the ideas seem quite familiar. From my experience with this line of books, the author turns typical business and investing advice sideways, providing a different perspective and different guidance than in other, more traditional business and investment books. This one is more business and career guidance. I had been hoping, based on the title, that this would cover, at least in part, pre-retirement concerns, but Kiyosaki doesn’t in this volume. By amount of ink, I’d estimate that over half of this book is Kiyosaki’s “business autobiography”, telling the stories of his exploits in learning to run his surfer wallet business and his educational seminar business. I tend to enjoy these kinds of books, and I found these parts interesting. The rest of the book was dedicated to a few illustrative word triangles and two by two boxes that help classify and list the aspects of business that need attention or the different ways to make money in Kiyosaki’s world. He also returns to comparing his real father and his rich mentor, and it seemed like he trashed his father quite a bit more extensively than he did in his previous books that I had read. I did not find this very interesting, but for a different perspective for those building a business (or more creating the mindset to build a business – like understanding the roles of experts and determining which experts need to be involved), this may provide some value.
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 - Place - Position
Kiyosaki also recommends reading a book called, "Your Marketing Sucks," which is sitting on my nightstand. I'm looking forward to reading it- sounds like it may have some good advice around doing marketing that actually gets results, as opposed to high-profile PR (which is what most people in my field are all about). Good stuff.
Sau nửa năm, nhiều lần tưởng chừng như bỏ dở vì quá dài. Do bộ sách này dài lên không phải phần nào cũng hấp dẫn. Nhưng mình vẫn kiên trì đọc, về tổng thể thì mình thấy nội dung cuốn sách rất rất hay. Như mở một chân trời mới đối với mình, giúp mình hiểu thêm một chút về thế giới của người giàu, về suy nghĩ và tư duy của họ. Nếu như không đọc thì mình có lẽ cũng không bao giờ biết được đến những điều đó.
Mỗi phần là một bài học sâu sắc và ý nghĩa về tài chính, về quy luật của đồng tiền, về bản chất của xã hội. Những nguy cơ mà người làm thuê có thể gặp phải. Giúp mình nhận thức được làm công ăn lương, hưởng bảo hiểm của chính phủ thực ra lại không an toàn chút nào. Ngẫm thì thấy đúng, qũy bảo hiểm, qũy lương hưu của nước mình thấy cũng mong manh, yếu ớt lắm. Một năm dọa vỡ không biết bao nhiêu lần. Đọc rồi mới biết đây là tình trạng chung của mọi chính quyền trên thế giới, không có cách giải quyết dứt điểm, càng ngày càng nghiêm trọng. Chỉ có 1 con đường duy nhất là tự giải cứu lấy chính mình thôi. Còn giải cứu thế nào thì mỗi người đọc sách sẽ có 1 ý tưởng, hay động lực riêng. Mình tin chắc là như vậy.
Điểm thú vị là cuốn sách về kinh tế nhưng được viết dựa trên kinh nghiệm và những bài học của cha nuôi tác giả, một triệu phú nổi tiếng và những bài học từ cha đẻ của tác giả, một cán bộ giáo dục nổi tiếng tại Hawai, nhưng lại là 1 người nghèo khó và thất bại cho đến cuối cuộc đời. 2 người cha, 2 thế giới, 2 bài học khác nhau cho cùng một vấn đề, nhưng đều có 1 ý nghĩa nào đó. Từ những bài học này, chúng ta có thể thấy được sự khác biệt trong tư duy của người giàu và người nghèo. Bản thân chính tôi sau khi đọc xong thì thấy mình đang có tư nghèo, rất nghèo. Nhưng cũng đã học được rất nhiều điều từ người cha giàu và đang dần thay đổi. Mình cũng đầu tư mua bộ trò chơi cashflow, chơi cũng rất thú vị, càng có lương cao thì càng khó thoát.
Điểm trừ ở bộ này là dài và lan man quá, nhiều bài học được tác giả lặp đi lặp lại. Thứ 2 là nghe giọng kể của tác giả thì những người có thắc mắc với tác giả về tư duy của người giàu, thì tác giả chỉ trả lời chung chung, và mặc định người nghe phải tư duy như người giàu rồi. Review chi tiết bộ sách tại: https://bestchoicesvn.com/sach-hay-ne...
1. Die Größe der Mission bestimmt die Größe des Ziels.
MISSION > PROCESS > GOAL
2. Marketingplan: Auf jedem Markt gibt es 3 Preise: den höchsten, den mittleren und den niedrigsten Preis. Entscheide dich für den höchsten Preis und biete deinen Kunden etwas, was sie von der Konkurrenz nicht bekommen. Marketing muss die Wünsche, Bedürfnisse und das Ego des Kunden bedienen. Häufig hat das Ego am meisten Kaufkraft. Anstatt Rabatte zu gewähren, lege noch einen Bonus drauf.
3. Langfristige Kundenpflege: Schlechte Verkäufer wollen immer wieder neue Produkte anbieten. Viele Unternehmen geraten in diese Falle. Wenn der Umsatz im Keller ist, suchen sie neue Produkte. ABER, anstatt nach neuen Produkten zu suchen, sollte man sich nach neuen Kunden umsehen. Ein kluger Unternehmer konzentriert sich darauf, seine Bestandskunden glücklich zu machen und neue Kunden zu suchen, die bereits vorhandene Produkte kaufen. Konzentriere dich darauf deine besten Kunden bei Laune zu halten, nicht weil sie noch mehr bei dir kaufen sollen, sondern weil sie all ihren Freunden von dir erzählen. Mundpropaganda ist die beste Form des Marketings. Sei kreativ, wenn es um die Pflege deiner besten Kunden geht.
Robert gives us a great perspective on what it takes to start and run a business. After reading the book, I bought the Cash Flow game and am excited to learn how to manage cash flow better in my personal life and my future goals of running my own business.
I bought this book as I contemplated leaving my job. I have realized that it was my attitude that was keeping me from enjoying my job. Also, as a Christ follower, i realized that I was not glorifying God in my laziness or resentment of my job. God has given me this job and I should not waste this opportunity. Instead, I should maximize it to serve our infinite God such as is in the Parable of Talents in Matthew 25:23-30
In closing, I know want to work longer at my company to build more skills while I build my business to be my future cash flow vehicle. If it is his will for my success or failure, all praise and glory be to God!
Rich Dad's another classic. Below are some of my favorite quotations from the book.
- Your success or failure as an Entrepreneur depends a lot on your people skills. If you have strong people skills your business will grow if you have poor people skills your business will suffer. If you hire people simply because you like them or they are your relatives and you cannot fire them when they need to go then you have poor people skills.
- As an entrepreneur you have to be flexible enough to work with different types of people. People with different skills, dreams, ambitions, behavior and experiences.
- The reason God gave us two ears and one mouth is that we should listen more and speak less.
I can't remember which Little Free Library this came from, but I thought I ought to read it before I act on its premise. Not a lot of advice on whether to quit your job, though. Mostly the typical fluff of popular business books. Not that it's not real, hard-won wisdom; just that success is not deterministic.
And speaking of risk, a few of his points were not new, but validating. One of them being: failure is how you learn. This is the inherent weakness of coping strategies that protect us from the truth, like denial/defensiveness, numbing, or--for my bros who get their kicks from bullying--targeting someone else's failures. They're all distractions from reality: an inability to face your own shortcomings.
Ich glaube, dass das meiste schon gesagt wurde. Viele der Rezepte, die in diesem Buch besprochen werden, sind tatsächlich nicht gerade atemberaubend (oder von der Sorte "lang übersehene Offensichtlichkeiten").
Obwohl an einigen Stellen darauf eingegangen wird hatte ich nicht das Gefühl, dass der "Nebenbei-Unternehmer" (oder irgendeine andere Form von Unternehmer, die mit dem Titel in Verbindung stehen könnte) im Mittelpunkt steht.
Nicht falsch verstehen: Das Buch ist nicht schlecht. Aber für mich ist es "more of the same".
I started the book expecting it to be a sensationalist quick read. Am I ever so glad to be wrong, because this is a gem of a book that gives the readers a glimpse of what it takes to be an entrepreneur. It doesn't sugarcoat it; yes it'll be hard, this and that are what's required of you, and though true to the Kiyosaki style of repeated selling, it is still a worthwhile read. This is something that I will come back to time and time again for references.
This book has a few business principles which seem legit and practical. There were also a few personal stories that were relateable for me personally so that made more engaged. It did get a bit repetitive and there's a lot reference to the ‘Rich Dad, Poor Dad' brand (no surprise). Overall though I would recommend to anyone who has a side hustle or community they would like to commercialise into a scalable business.
Exactly what I am finding for! He pointed out both pros and cons of starting a business and gave me directly the answer if I am fit with this or not. I like B-I Triangle most. It helps me to orient my learning journey ahead. (This book has recently encouraged me to pursue what I am doing and persist with it on my career path when working as an full-time employee - I made use of noon time to read it) #secondbookfromKiyosaki
Все повече и повече се убеждавам, че Кийосаки всъщност е написал само една книга. На всяка следваща само сменя заглавието и добавя една-две нови глави, размества словореда... и готово. Честно казано не мога да споделя каква е разликата между книгите в поредицата, за да мога да изразя по-сериозно мнение. Иначе имаме типичния Кийосаки. Кратко, общо, неособено информативно, с много моменти от собствения му професионален и житейски път. Това е.
Similar to the other books in the series, R. T. Kiyokasi focuses on a specific topic and goes again and again about it. In this book the idea is that there are 5 areas of business, and he advices before you move to full on entrepeneurship and leave your job, you should learn as much as possible about these areas. Of course no one can become an expert in everything, so he advice is know a bit in all areas and become an expert to one of them before you go ahead and start your own business.
I am an employee and I have been looking for ways to become financially independent and become an entrepreneur. I tried a few times but was not able to make the leap. Now I know why, what holds me and also gave me clarity that I am on the right path but that I still need to develop other skills and continue learning before quitting my job.
This part quite long. It's describe how to set up 1 company before leave the job to start it. Follow triangle C and D, we can know what exactly missing. I, too, disappointed about people who said something negative but don't explain. He is a famous person. He is just talking. https://khoinghiepthongminh.com/tat-c...
Book made for entrepreneurs, those in the B quadrant, not the S quadrant. If thinking about becoming entrepreneur or starting out as one, it's a must read.
Con: could have been written a lot better and has some repeats from other books he's written
Key takeaway: Fail fast. Jump and don't worry if the parachute will open. When your mentor says jump, jump without question.
The book teaches how to become an entrepreneur, from A to Z. However the best part of the book is the spiritual meaning of becoming rich. I mean, by following the right process to become truly rich, you also fulfill your highest spiritual purpose of making the world a better place for other people.
Доста слаба книга! Всъщност малко се казва какво може да направиш преди да напуснеш работа. Целият наратив е около създаването на играта Потоци пари и по-скоро мога да я нарека “автобиографична”. Есенцията на книгата се събира в 5-6 страници, т.е. нещо, което евентуално не го знаете (ако четете подобни книги) и може да се приложи дори да не сте Р. К.