ROBERT KIYOSAKI’S TAKE ON ENTREPRENEURSHIP

If you think that you don't need to know what Robert Kiyosaki (and who is he by the way) thinks about entrepreneurship, well I would say that you need to first ask who Robert Kiyosaki actually is. Have you heard people talking about the book Rich Dad Poor Dad, which is coincidently the longest running best seller on the New York Times, Wall Street Journal, USA Today and Business Week? If the answer is yes, let me tell you that Robert Kiyosaki is the author of this best seller Rich Dad Poor Dad.

I sincerely hope that you would now be more interested in finding out Robert Kiyosaki’s take on entrepreneurship. After all he has been instrumental in initiating thousands of people into being entrepreneurs. The next question could be the reason for turning entrepreneur. You have a very good job, you are earning good money and your life is secure and stable. What more could you want? There is something which is called ambition and there is something which is called realizing your full potential. Don't you think if you are good enough to be valuable for your employer, won't you be good enough for yourself?

The basic difference between an entrepreneur and an employee according to Robert Kiyosaki is the mental set up. Employees as per Robert Kiyosaki are more concerned about resources while entrepreneurs are more concerned about opportunities. Let me ask you a question. Suppose you find a very good piece of real estate, what would be your reaction to it? Would you leave it just because you don't have the cash for it or would you tie up the property first and look for money later? Believe me the answer is very important and very pertinent to our current discussion.

The answer shows your mindset. If you have always been claiming that you want to start a business but lack the capital to start one, Robert Kiyosaki would term your mentality resource oriented which is typical of employees. If you believe in starting a business and letting it finance through the cash flow, you are more of opportunity oriented mindset. The basic difference between an employee and an entrepreneur is their respective outlook. One looks at the lack of resources while the other looks at the presence of opportunity. It is all about making use of the right opportunities that come your way in the words of Robert Kiyosaki. “Never claim that you can't afford something. Always ask how you can afford it. Let your mind think and not let it shut down.” This is perhaps one of the best mantras that came out from Robert Kiyosaki.

The next point to focus on would be the way to manage the human resources at hand. Robert Kiyosaki claims that employees like to manage through hierarchical structures while entrepreneurs make use of networks and in doing so they make use of the resources of other people and organizations. So, it all boils down to leveraging the assets and resources of your partners. But always keep in mind that you should be very careful when choosing your partners. Take the advice of an expert, Robert Kiyosaki and understand that choosing the right partner is perhaps the difference between success and failure most of the times.

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The Green Wave of Wealth Creation - by Alex Har

I met my old friend couple of days ago. He was a veteran on Direct Marketing. Today, he sent me an article which I like to post it here for people to enjoy. Here goes...

I have given many talks on my “21 ways of Generating Big Revenues through Direct Response Marketing”.

Many people have walked away…probably saying “nothing new”. Others have sought me out to engage me on issues which I thought was “nothing new”.

Often this latter group of people will return to share and thank me for their success, and will be amongst the list of people sending me hampers this Chinese New Year.

Over time I have come to recognize these successful wealth creators as people with a “Green View”. They can see freshness in old clichés…always excited, never seem bored.

“GREEN” when referring to people seems to have somewhat a universal meaning. In the western world, it implies new, inexperienced, likewise to the Chinese. But the Chinese, (Chinese language being more picturesque) have the added imagery of someone inexperienced climbing all over the place constantly and fruitlessly. The word green in Cantonese “tsen” refers to a yellow-green or fresh green” Hence parents will often tell young children “don’t be k m k m tsen” which in Cantonese which means “don’t climb around like a green monster” or “don’t be so fidgety” which takes us to the Key Wealth Attitude discussed in this short essay. “Fidgetiness” reveals not just a lack of focus but more a lack of stillness. I have seen many “focused persons” fail as they lacked stillness.

Some years ago, I attended a Wealth Creation Seminar that changed my life. It was about investing in the stock market but the learning point I took away helped me in all aspects of my life. I only learnt or rather was reminded to do just one thing, “Be still when you make a decision” . I have found that this applies effectively to buying stocks and shares or any other things that I do.

It was then the late 90s and I had lost a bunch of money with the stock market falling through the roof. It was also a period when I just retired from my corporate career of 20 plus years. My six-sense had prodded me to pay attention to my investment portfolio, as it was obvious that things were getting rather dynamic or “hot”. unfortunately being newly retired, and with so many propositions in my face, I did not have the stillness to do it…as a result I lost probably much more than I should.

Some of you may say that this is mere hindsight… every person can rationalize his own success or failure. I will not disagree with such assertions…unfortunately that is what learning is all about. The importance is whether a “rationale” is helpful for the future…and for me it was.

So I do not close my mind to just one thing or other…because that’s dangerous in this highly dynamic world….but within this chaos learn to have a stillness of mind…especially when making decisions. With stillness, the right paths will crystallize.

The imageries I like to use to describe is stillness is encapsulated in one of my postings in the Blog, Paradise Regained.

“A Shaolin monk perched precariously on
one foot on a bamboo pole,
full of potential power,
silent, fully aware of himself and the environment,
ready to strike, and
when he does, he does so effectively
in quick simple strokes
or the blind swordsman who despite his lack of vision
is able detect all movements around him.
He is entirely centered, totally aware
about his self and his relationship with his surroundings”

Returning to my talks on “21 Ways to Generating Big Revenues for Direct Response Marketing”…I have often been asked “which is the most important of the 21”. It makes me recall the Bible when the disciples asked Jesus which of them was most important. Even though Jesus seemingly suggested Peter as the “Rock on which he build the church” ….looking through the Act of Apostle which outline their evangelical mission, one would conclude that different disciples had their time and place in the history of the church….and it was Paul, not one of the 12 who pushed Christianity into empire status.
Asking what or who is most important reveals the “green” of someone excited without stillness. “There is a time and a place for everything” is an old adage which I see people, including myself, repeat so often but imbibe so little in our minds. We keep jumping and climbing, “kum kum tsen into situations where we shouldn’t be (in hindsight).

So it’s good to be excited, to be active, curious and inquisitive, but it is most important to keep our sense of stillness. Apply stillness in every project you do…in all the 21 approaches that you take if we decide it is good for you. Don’t get involved if for some reasons you cannot be still.

How do we gain this stillness? My good friend Eddie Goh speaks about this regularly. I will just mention a few points as a conclusion to the article.

There is the aspect of re-engineering our lives…developing a criteria of what values are important to us…the anchoring framework of our being. For those with a religion, praying routinely is probably the best way. Routinely is the key word. Others will have to find different routines to engage in deep reflection and though meditation, or just get way from everything…go ocean watching or nature hiking with plenty of Greenness around you.

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Robert Kiyosaki and Donald Trump

Robert Kiyosaki and Donald Trump speak are interviewed regarding a new book they co-authored "Why We Want You to Be Rich".

ARE YOU A NETPRENEUR?

Who is a netprenuer? Actually the word netpreneur brings images to mind of a young geek. A person in his early twenties who has the courage to break the conventional rules to build up an online business from scratch is our netpreneur. There was a time when netpreneurs were thought to be some kind of mythical creatures. They came from nowhere and made millions in the market. And that image is still itched out into the minds of many but to be honest these are just images. The reality is very different.

The majority of netpreneur are still young but they are not some kind of eccentric genius. Anyone can be a netprenuer these days. That is the result of easy access to internet and the desire of people to take some risk and start their own online business venture. Netpreneurs are like any other entrepreneurs. The only difference is that netpreneur as the name suggests is a special class of entrepreneur who has some special technical skills that could be used to earn money online. Actually all the qualities that are needed to be an entrepreneur is also necessary for being a netpreneur and what is more, a netpreneur should have an added skill related to running an online business.

The best thing about a netpreneur is that you don’t need to be some super geek where computer software is concerned. Anyone who wants to earn some money online could be a netpreneur. The only thing needed is your determination to do something worthwhile. If you are currently employed somewhere you can go on with your job and also start a new online business venture in part time. This way the risks associated with starting ones own business venture gets mitigated a lot.

There are many aspects of netpreneurship. It all depends on your skill set. If you are skilled technically, you can offer such services to your clients. If you don’t have such technical skills, you can try to sell products online. For that you don’t need much technical know-how. What is more, even if you think don’t have products to sell; there is nothing to be disappointed about. There are a number of affiliate programs on the net that allow you to sell their products on a commission. There is also an option of auction sites on the internet like eBay. You can sell and purchase products from such online auction sites. The trick is in finding products at cheaper rates and selling it at higher rates.

As this discussion shows, it is just about your skill set that matters. The avenues for a netpreneur are many. It is for you to decide which one suits you the best. What you should always remember is that just because a business is online it doesn't mean it doesn't follow the rules of business. You have to run it as any other business and act as any other successful entrepreneurs do.

So, before you take the plunge ask yourself what is it that you are good at? And when you find the answer you should plan your business venture accordingly. The world of internet is full of information about online ventures and netpreneurship. You need a little bit of research to come out with the exact business plan that could catapult you to success.

DO YOU WANT TO BE A MINIPRENEUR?

Most of us find ourselves trapped in nine to five jobs and even though the desire to do something worthwhile exists but job security and several other such considerations stop us from taking the one step that could change our future forever. And that makes me come to the topic of minipreneur. Who is a minipreneur?

Well minipreneur is our entrepreneur but with a little difference. If you find that you are not in a position to leave your job, you can start some work in your part time without actually quitting your job. And that would make you a minipreneur. Minipreneur is anyone who starts with a small idea but with a vision that could take him to the highest platform of success.

The best thing about minipreneur is that you don’t exactly need to spend all your time at it, in the beginning. After all, you must have liabilities with you and you could not risk it all. So, the best course of action would be to initiate some business in your part time and continue with your job. And the moment you feel your part time business has grown enough to occupy you full time, you can quit your job and start concentrating fully on your business.

And if you are still skeptic about what I am telling you, why not have a look at some statistics that voice the same opinion that minipreneurship is in.

1) Surveys reveal that over seven hundred and fifty thousand American Citizens are getting their primary and secondary source of income from eBay. And what is more over one and a half million persons claim that they augment their income by selling on eBay.

2) About fifty thousand people in the United Kingdom draw a large portion of their income by selling goods online.

3) There are over five million "Web Driven Entrepreneurs" that we call netpreneurs, in the United States. This accounts for about twenty five percent of all small businesses.

Now the next pertinent question must be about the cause of this boom in their numbers.

1) The revolutionary penetration of internet into our households have made ordinary people like you and me realize that money could also be made by engaging in a bit of manufacturing, enterprising, venturing, selling, trading, and auctioning. The opportunities are infinite on the net. The only thing needed is your sincere effort.

2) Being a minipreneur gives you control, independence, and charge of your destiny and that is what all of us want. Who doesn’t want to be one's own boss and earn money too?

3) And one of the most motivating factors is that minipreneurship is in. It's the new rage in the world of internet. And it doesn’t matter how small you have started. You can think big and you can achieve big. You can achieve big by starting small. Be a Minipreneur.

4) Another reason is the risk involved. Yes, the risk involved is very less as compared to slugging it out at some other job. What you must understand is that you need to provide customers with more choice and more variety. You need to find products or services that are different or that are special or that are vintage or customized or something that no big corporation could develop because of profitability concerns. One such product and you have made it!

It is true that talking about minipreneur is really simple but the real work needs to be done to achieve success. And that would involve determination, hard work and out of the box thinking. Once you do that, well you are on your way!