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Bonus FAQs Start small in the S quadrant and learn the skills to be a successful entrepreneur. You can then decide to move on to the B quadrant and then to the I quadrant. Or you can stop and start your own business. Some may find that moving into the S quadrant proves to be too challenging. While anyone can be an entrepreneur, becoming an entrepreneur is not for everyone. As I have often said, “Keep your daytime job and start a part-time business.” The reason most small businesses fail in the first five years is because the fledgling entrepreneur cannot earn enough money to support the business, themselves, and their families. Learning to become an entrepreneur takes time. FAQ Why won’t most people move to the B quadrant and then to the I quadrant? Short Answer It’s not easy. Changing quadrants means an increase in knowledge and personal discipline. Explanation Most people become entrepreneurs because they want to “do their own thing” or “do things their way.” Even if profitable, the business they create is often too dependent upon the unique talents of the entrepreneur and fails to evolve into a business. The reason the B-I Triangle is called “The 8 Integrities of a Business” is because the definition of the word integrity is whole, or complete. S-Quadrant Doctor Let me give you an example. I have a doctor friend who is a genius, a magician. He is also a loner. He answers his own phone, makes his own appointments, does his own taxes, and cleans his own office. Since he has very few expenses, he makes a lot of money. The problem is, he is the entire B-I Triangle for his business. He is the business. He is so smart that he has the ability to do the tasks of many people. 256

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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