nice power point on before you quit

2. About the Author
Robert Kiyosaki
Investor
Robert Toru Kiyosaki is an American investor,
businessman, self-help author, motivational speaker,
financial literacy activist, and financial commentator.
Born: April 8, 1947 (age 66), Hilo, Hawaii, United
States
Nationality: American
Education: United States Merchant Marine Academy
Achievements: his books rich dad poor dad was the
seller on newyork times

3.  The books starts with its USP where the author writes that
he had been through lots of book for entrepreneurship but it
was all written by some professor and experts and not by any
entrepreneur.
 he found all the hardship missing through which one
entrepreneur has to go
This books gives you the proper insights of entrepreneur
journey and the
quality of decisions to be taken which might go the either
way.

4. Promoters are driven by perception of
opportunities.
 Trustees by control of resources.
Promoters’ management structure is flat with
multiple informal networks.
Trustees formalized hierarchy with multiple tiers.
Promoters are value driven, performance-based,
team-oriented where,
 trustees are security driven, resource-based, job
promotion-oriented.

5. A successful business is created before there is a business
Rich Dad’s quote: “Losers quit when they fail. Winner fail until they succeed.”
BI triangle: Three sides: Mission, Team, Leadership.
Stacked from bottom to top: cash flow, communications, systems, legal,
product.

6. Learn how to turn bad luck into good luck.
Two reasons why entrepreneurs fail: afraid of failing, do not fail enough. “In
today’s rapidly changing world the people who are NOT taking risks are the
risk takers.
People who are NOT taking risks are falling behind. Commit the process:
1. start the business
2. fail and learn,
3. find a mentor,
4. fail and learn,
5. take some classes,
6. keep failing and learning,
7. stop when successful,
8. celebrate,
9. count your money, the wins and the losses,
10. repeat the process.

8. 1.Clearly define the mission, goals, and vision of the company.
2. Find the best people and forge them into a team.
3. Strengthen the company on the inside.
4. Expand the company on the outside.
5. Improve the bottom line.
6. Invest in research and development.
7. Invest in tangible assets.
8. Be a good corporate citizen.
How to expand a business:
1. replicating the entire B-I triangle.
2. Franchising.
3. Taking the company public through an IPO.
4. Licensing and joint ventures.

9. Be choosy. Rich Dad’s 3 tips about dealing with people.
1. “Pain the shrude factor,
2. “hire slow and fire last.”
3. Two kinds of communicators: when unhappy, one would come talk to you face to face, the second one
would stab you on your back.
Gross margin:
1. finance the rest of the B-I triangle.
2. determine the price of your product,
3. Product and price determine your customers. 5 P’s: product, person, price, place and position.

10. 1. Check your attitude. Need to love the business.
2. Get as much experience as possible on five levels of B-I
triangle.
3. Always remember that sales = income.
4. Be optimistic as well as brutally honest with yourself.
5. How are you spending money?
6. Start a business to practice on.
7. Be willing to ask for help.
8. Find a mentor.
9. Join a entrepreneur network.
10. Be faithful to the process.

11. How is this book related with Indian
management thoughts?
Indian management has always been in the favor of new ideas.
This book has the very essence of CROSS CULTURAL influence.
Robert Kiyosaki is a fourth generation Japanese origin American investor born and
brought up in Hawaii USA
Indian management has been greatly influenced by this cross cultural phenomena

12. My review
This book has a very good impact on the mind
of potential investor
Some of the concept is little difficult to understand
for those who reads it for the first time
The best thing about this book is the real approach
and not tailor made material
Robert Kiyosaki has made an exceptional effort of
interviewing 15 entrepreneur which has great driving
force of motivation which makes this book worth
reading.