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

person this organization attracts.

10. Be faithful to the process. One reason why many people do not quit their jobs and become

entrepreneurs is that entrepreneurship can be

extremely challenging, especially when first starting out. I suggest you follow the basics of the B-I

Triangle and diligently do your best to master all

eight categories of the triangle. It takes time, but if you are successful the rewards can be immense. As

rich dad said, “Entrepreneurship is a process, not a job or profession.” So be faithful to the process and remember that even when times are bad, the process

will give you a glimpse of the future that lies ahead.

Over the years I have heard many people use the term BHAG, which stands for Big Hairy Audacious Goal. While having a big hairy goal is commendable, I believe the process and the size of the mission are more important than the goal.

Rich dad drew for his son and me a diagram that looked like this: He said, “If you are going to have a big goal you need a strong mission to

push you through the process. With a strong mission, anything is attainable.”

Thank you for reading this book and we wish you the best of success if you should decide to become an entrepreneur or are already an entrepreneur.

job and start a part-time business.”

7. Be willing to ask for help. Rich dad often said,

“Arrogance is the cause of ignorance.” If you don’t

know something, ask someone who does know. On

the flip side, don’t be a pest and ask for too much

help. There is a fine line between help and a crutch.

8. Find a mentor. Rich dad was my mentor. I have had many other mentors. Read books about great

entrepreneurs such as Edison, Ford, and Gates.

Books can be your best mentors. The Rich Dad

Company has a mentoring program known as Rich

Dad Coaching. The coaches on the other side of the

phone are entrepreneurs, investors, and great

coaches. Hire them to keep you on track to getting

what you want from your life. One of my favorite

entrepreneurs is Steven Jobs, founder of Apple

Computer and Pixar. Not only do I like his style, I

love the culture of his business. One of the most

important things an entrepreneur can build is a

business with a strong culture. As stated earlier, at The Rich Dad Company we work hard to foster and

protect a culture of learning and free expression.

9. Join an entrepreneur’s network. Birds of a feather do flock together. Every city I have ever

lived in has groups or associations of entrepreneurs.

Attend their meetings and find one that fits your

needs. Surround yourself with fellow entrepreneurs.

They are there for support as well as to be

supported. Contact your SBA, the Small Business

Administration, or your local chamber of commerce

for a schedule of meetings and seminars. They are

great sources of information as well as resources for entrepreneurs. One group I have been impressed

with is the YEO, the Young Entrepreneurs

Organization. Although I am too old to belong to

this group of young men and women, I have been

asked to speak at several of their chapters. I have

always been impressed with the quality of young

business or a direct sales business.

4. Be optimistic as well as brutally honest with

yourself. In his book Good to Great, Jim Collins does an excellent piece on this need to be brutally

honest. He writes about his interviews with Admiral

Stockwell, one of the longest-held POWs from the

Vietnam War. When Jim Collins asked the admiral

which type of person died in their cells, the admiral answered without hesitation, “The optimists.” The

POWs who did survive were those who could

handle the brutal facts about their situation. On the

flip side, know the difference between being brutally honest and being pessimistic. I know

people who will tell you why something will not

work even if it’s working. I know people who store

in their mind every piece of negative news possible.

Negative people, or pessimistic people, are not the

same as brutally honest people.

5. How are you at spending money ? Too many people struggle financially because they do not

know how to spend their money. Too many people spend their money and it never comes back. An

entrepreneur needs to know how to spend money

and have more money come back. It is not about

being cheap, tight, or frugal. It’s about knowing

when to spend, what to spend on, and how much to

spend. I have seen too many entrepreneurs go broke

saving money. For example, when business drops

off, instead of spending money on more promotions

the entrepreneur cuts back hoping to save money.

When this happens business continues to drop off.

This is an example of the wrong action, at the

wrong time.

6. Start a business to practice on. No one can learn to ride a bicycle without a bicycle and no one can

learn to start, build, and run a business without a

business. Once you are familiar with the different

parts of the B-I Triangle, stop planning and start

doing. As I have always said, “Keep your full-time