SOWPub Small Business Forums  

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Get the report on Harvey Brody's Answers to a Question-Oriented-Person

Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here


Go Back   SOWPub Small Business Forums > Main Category > Original SOWPub Forum Archive
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Old June 22, 2001, 10:52 PM
Jesse Horowitz
Posts: n/a
Default The Magic Word For Wealth Creation Is...


Again, some great points, Dien. See comments below.

> To add to what I wrote earlier....

> I think I only realized these lessons when I
> read one of those "Rich Dad Poor
> Dad" books by Robert Kiyosaki.... (I
> don't remember which one right now, they've
> kind of all blended into a whole in my
> mind.... :) )

** The one you're referring to is the "Cash Flow Quadrant." In my opinion, this book is like "Rich Dad, Poor Dad," on steroids!

My former business partner is actually good friends with Robert and interviewed him on her internationally syndicated TV show. Every time I think I have a solid grasp of his theories, he comes forth with another pearl of wisdom. A true genius, and I could not agree more that children should be educated about money from a very young age...

> He writes about the difference in being

> The difference, as he puts it, is that being
> SELF-EMPLOYED means that you stop making
> money when you stop working. But if you're a
> BUSINESS OWNER, you keep making money, even
> when you stop working.

> For example, doctors, lawyers, these people
> are all SELF-EMPLOYED. If a doctor stops
> working, he stops making money. This is true
> of most experts who are selling their
> expertise.... There may be exceptions (but
> I'd have to think about it)....

> However, if you are a BUSINESS OWNER, you
> continue to make money when you stop
> working. In this definition, for example,
> owning a house which you rent out makes you
> a business owner -- the cash keeps flowing
> in (from the rent money), even if you don't
> work at it. (You can outsource everything,
> and let a real estate agent handle the
> tenants.... If you bought it at a good
> enough price, you can STILL make profits.
> While I don't do this myself, a good friend
> of mine does this, and he's now looking to
> buy his third house....)

> Anyway, just thought I'd add that little
> note to round out what I wrote before.... :)

** You've hit the nail on the head. And I can tell that you're considering how to best implement the Business Owner concept into your own life, with your understandable concern of trading time for money.

Kiyosaki boils the entire concept of leverage and true business ownership down to the following question:

"If you left your business for a full year, would it be larger when you come back than when you left it?

This is a very powerful gut check for those of us who 'think' our business is automated, when it may not be fully so.

On a final note, one of the most common misconceptions I see propogating on the Net is that you have to have an information product or digitally delivered product if you wish to have an automated business. While these are indeed great models, and many people achieve great success with them, by no means are they the only option.

For example, one division of my company -- -- provides guaranteed Top-20 search engine placement service.

While we do offer monthly payment options to make it easier on our clients' cash flow situations, the total contract ranges from $1,800 to $2,982. I strongly prefer these 'high-ticket' sales because you don't have to sell hundreds or thousands of units to create a very lucrative revenue stream.

But more importantly, for MY intents and purposes, this division of the company runs exactly as a $39 ebook or info product. Reason being, other people in my company handle every single aspect of providing the service, from start to finish. My focus is on business growth, deal making, traffic generation, etc. The same exact things that digital business owners focus on.

Anyway, I hope that this has opened the spectrum for all of your own entrepreneurial endeavors!!

All the best,


> Cheers,

> Dien

A Highly Profitable, Automated Service Business...

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Forum Jump

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Ausecuma Beats | Writer's Friend (software) | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

All times are GMT -4. The time now is 02:23 PM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.