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Unfair Advantage Studies show that many entrepreneurs earn less than their employees when you compare the gross dollars earned and the number of hours put into the business. Explanation Since being an entrepreneur is no big deal, a better question to ask might be, “What kind of entrepreneur do I want to be?” There is an old Chinese proverb that comes to mind: “In the forest, there are many different birds.” If you look at the CASHFLOW Quadrant, think of each quadrant as a different forest, and in that forest are varieties of different birds. The following sections illustrate this point.

The E Quadrant In this forest is a wide variety of different employees, from CEOs to janitors, lawyers to laborers, accountants to tax evaders, managers and mothers. There are employees who work full-time, part-time, by the hour, on commission, or for a monthly salary. There are those who work from home, work in an office, or work from anywhere.

The S Quadrant In the S-quadrant forest lives another wide variety of birds. The S quadrant is where most entrepreneurs roost. S stands for small business, businesses with fewer than 500 employees. S also stands for smart person: doctors, lawyers or consultants with a small business built around special skills. Here are a few more plays on the letter S: • S stands for selfish person. They are small and stay small because they do not want to share what they earn. They do everything, from answering the phone, to cleaning the office, to doing their own taxes. 251

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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