Use the B-I Triangle for Business Success -Robert Kiyosaki

Another thing that sets a Rich Dad company apart is that those E's, S's, B's and I's. E for employeee, S for self employ the specialist and B for big business entrepreneur and investor. Well this here is called the BI triangle. And it's what my rich dad taught me when I was little kid when I wanted to become an entrepreneur. So what I advise is keep your daytime job but start a parttime business. More multi-billion dollars and million dollar businesses have been started on kitchen tables. So keep your daytime job, keep the cashflow coming in from your work but if you want to be an entrepreneur this is called the BI triangle.

And out here where I simply go with there's eight parts to a BI triangle. There's a mission, your team, leadership, there's product, legal, systems, communications and cashflow or accounting. If you're going to be an entrepreneur this is what you need to know to grow your business. The reason so many businesses fail, I think nine out of 10 fail in the first five years and of those that survive 90% of them fail in the next 10 years. The reason they fail is because one or more of the parts of the BI triangle are missing. So it's not what you know, it's what you don't know.

Another way of looking at it is this. Is I went to military school. The first thing they teach you is the importance of mission, on being a team player and leadership. The next thing when I meet somebody who wants to be an entrepreneur that come up to me, I've got great idea for a great product. A great product, well I have a great idea. If you look at this product is only the smallest part of the whole BI triangle. Just because you have a great product or great idea, doesn't mean you'll be successful. Legal here is this, like for instance when I designed the cashflow game I had to have the board patented, trademarked and all that. That's legal comes next.

Next are systems. I have to have accounting systems, production systems, distribution systems, marketing systems. So it's almost like an engineering type of point of view. Communications, marketing and sales. And next is cashflow which is if you're very successful you have lot of cashflow but if one or more or the eight pieces are missing, the business has less cashflow.

So this is what the BI triangle represents. It's just kind of a reference guide for you. Keep your daytime job but start your parttime business and that's what makes the Rich Dad's company's education different.

Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.

With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.

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