Unfair Advantage than he or she can do alone. That means success in the B quadrant requires leadership skills and people skills, not just technical skills. This is why so many entrepreneurs, such as Bill Gates, founder of Microsoft; Walt Disney, founder of Disneyland; and Thomas Edison, founder of General Electric did not finish school. Entrepreneurs have the power and leadership skills to take an idea and turn it into a massive business—a business that creates jobs and creates wealth. For example, Silicon Valley in California is wealthy because it is a hotbed for high-tech entrepreneurs. Success in the B quadrant requires a team effort, because very few people can manage over 500 people on their own. Shining stars in the B quadrant are Steve Jobs of Apple, Richard Branson of Virgin, and Sergey Brin of Google. FAQ I am in the B quadrant. What can I do to earn more and pay less in taxes, legally? Professional Answer from Tom Wheelwright The opportunities to reduce taxes in the B quadrant are virtually unlimited. Almost all expenses in a B-quadrant business are deductible. B-quadrant businesses get tax credits for hiring employees, for increasing their research and development, and for investing in green technology. B-quadrant businesses also can often pay taxes at a lower rate than S-quadrant businesses, especially since the owners pay little or no selfemployment taxes.
The I Quadrant “How do I raise the money to invest in my project? How do I earn more with other people’s money and pay less in taxes?” Earlier I stated that a key distinction of an I is that they use as much OPM as possible. Shining stars in this quadrant are John Bogle, founder of the Vanguard Funds, and George Soros of Quantum Funds.
by Rich Dad, Robert Kiyosaki