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Submitted by: Tarun Trikha
1. Employees are resource-oriented. Entrepreneurs are opportunity-oriented.
A person with an employee mindset might say, I would start my own business but I dont have the money. Or Id love to invest in that piece of real estate, but I dont have the down payment. In both of these examples the person focuses on their resourcesin this case their lack of money, rather than the opportunity.
In a similar situation, a person with an entrepreneurs mindset might say, Lets start the business and we can finance the business from the cash flow. Or Tie up the property and well find the money later.
Robert Kiyosakis poor dad was a man who saw many opportunities, but failed to act on them simply because he was resource-oriented. Instead of taking action, he often said, I wish I could do it, but I cant afford it. Or I would go into business for myself, but I need a steady job. I have a mortgage and you kids to feed.
On the other hand, Robert Kiyosakis rich dad (his best friends father, an entrepreneur who taught him a lot about how the rich think about money) was a man who started with nothing, but eventually became one of the richest men in Hawaii. Today, when you look at Waikiki Beach, you see some of the biggest hotels along the ocean on land his family owns. He said, If you do not have resources, you need to become resourceful. That is why he forbade his son and me from saying the words I cant afford it. He said, Poor people say I cant afford it. Thats why theyre poor. Instead he insisted we learn to say, How can I afford it? He believed that when we said, I cant afford it our minds were turned off and went to sleep. When we asked ourselves, How can I afford it? our minds, our greatest resource of all, were turned on and put to work.
The second difference between entrepreneurs and employees is:
2. Employees prefer to manage via hierarchical structures.
Entrepreneurs manage via networks, utilizing the resources of other people and organizations.
This means that employee-type leaders would rather hire people and bring their talent in-house. Rather than have an outside firm do their creative work, an employee-type leader would prefer to hire the talent and have them under their control. While there are economic reasons for doing this, the report stated that the primary reason is control. This is because employees gravitate to a leadership style that is more suited to a military command-and-control type of organization.
Roberts poor dad was successful in the hierarchical structure of the government, eventually rising to the top of the educational system as Superintendent of Education and running for Lieutenant Governor for the State of Hawaii. After losing that raceand his position as Superintendent of Educationhe tried his hand at entrepreneurship. He purchased a national ice cream franchise that failed in less than a year. Why? While the reasons were many, one reason was his leadership and management style. When he said, Jump no one jumped.
Instead of the militarys command-and-control leadership style, his Rich Dad used a more cooperative and collaborative style of leadership. He encouraged his son and Robert to learn to lead and manage people who are not required to follow our orderspeople who did not need to jump when they heard the word Jump. Rather than hire people and bring them in-house, rich dad networked with other people and organizations, which tended to reduce his costs and at the same time increase his resources and influence in the marketplace.
Today, The Rich Dad Company follows rich dads advice. Instead of becoming a stand-alone publishing house, they choose to cooperate via a joint venture agreement with The Time Warner Book Group, as well as licensed publishers around the world who offer their books in 43 languages. In this way, they keep the core staff small, yet we utilize the thousands of employees of publishers around the world.
But Robert Kiyosaki Says that leveraging the assets and resources of partners is not enough. Its important to choose the right partnersones who are aligned with your goals and values. Choosing the right partners can make the difference between success and failureas Ive learned the hard way.
As The Rich Dad Company has grown, they have worked with partners who have opened doors to opportunities that were much greater than what they could have been able to pursue on their own. In an entrepreneurial spirit, they formed alliances with major media organizations and international promotion firms that leveraged the Rich Dad brand with their worldwide networks.
In doing so, Rich Dad Companyas entrepreneursstay small, yet increase market share by cooperating rather than competing by networking rather than hiring employees and bringing work in-house.
In 1989 the world changed. Thats when the Berlin Wall came down and the World Wide Web went up. Instead of a world of walls, Rich Dad Company became a world of webs networks of people working cooperatively rather than competitively. It is a special honor for Robert Kiyosaki to be recognized by Amazon.com, a pioneer in the brave new world of the web, founded by a great entrepreneur, Jeff Bezos.
There are key, fundamental differences between the mindset of an employee and the mindset of an entrepreneur. One of the great things about this world of webs is that the world is now open for business to billions of people who choose to think as entrepreneursrather than employees.
About the Author: Tarun Trikha is established to provide Marketing Recommendations to aid common people in their pursuit of financial freedom and a better lifestyle. For more information on his approach, visit
cashyourpassion.com
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