Entrepreneur
1. The world is changing and so does employment and financial income.
a. Nothing is permanent
i. What is today will not be there tomorrow, either be it money/benefits
or current economy/ situation of the country’s economy.
ii. Employment
b. What we earn from our current employment is extremely limited.
c.
2. One Should not see the time and economy status of the world to start a business.
a. when the economy slows down, entrepreneurial activity heats up. In fact,
entrepreneurs flourish in down times
3. Cash Flow Quadrants:
E = Employee
S = Self-employed or Small-business owner
B = Business owner
I = Investor
4. E quadrant:
a. Where people find their comfort zone these days with their monthly income
and what our we have learned from our education system.
5. S quadrant:
a. This quadrant defines the people who own a business may it be small or big,
includes a huge range of earning power, all the way from the teenage
freelancer a baby sitter or landscaper to highly paid lawyer, consultant, public
speaker. They are boss of their own company.
b. Thankless and difficult place to live, gov picks on you for Tax Compliance,
employees, customers, family picks on you. You can’t give time to your
family risking the business.
c. S stands for slavery: we really don’t own your business, your business owns
you.
6. B quadrant:
a. This is where people go to create big businesses
b. Difference is you work for your S business, but your B business works for
you.
c. B quadrant make themselves recession-proof, because they control the source
of their own income.
7. I quadrant:
a. Here are people who live their lives to invest money.
“Breaking away from those typical job structures and creating your own
stream of income puts you in the best position to weather an economic storm,
simply because you are no longer dependent on a boss or on the economy to
determine your annual income. Now you determine it.”
8. Don’t change jobs change quadrants.
9. Which quadrants we choose is based on who you are at your core: your strengths,
weaknesses, and central interests, but not your qualification educations and what is
around you.
10. Quadrant Values
a. E quadrant think of their safety in their jobs which aren’t safe every time.
b. S quadrant are hardworking onto themselves with their own business and
happy for their independence, and go on with the moto “If you want something
done right, do it yourself,”
c. In the B quadrant, the core value is wealth-building. Value a great team and
efficient teamwork and want to serve and work with as many people as
possible. They might not be the best in their filed as an S quad person but they
surround best people in their field and make a great team. This person can stop
working and income flows still while an S quadrant person’s income stops as
he stops working.
d. I quadrant people values the return in their investment, they prefer money
working instead of they working.
11. You do not have to raise the capital to create your business, because that has already
been done for you. But you do have to build your business!
12. Entrepreneur make things happen.
13. We raise capital from three groups of people: customers, investors, and employees.
Your job as an entrepreneur is to get your customers to buy your products. If you can
get customers to give you money by buying your products, your investors will give
you lots of money. And if you have employees, your job is to get them to produce and
make you at least ten times more money than you pay them.
14. One of the beauties of the business of the 21st century is that all the groundwork of
the business is already done for you—and you get to have experienced leaders
committed to your success to guide you.\
15. It doesn’t take money to make money, and it doesn’t take a formal education to learn
how to become financially free, then what does it take? It takes a dream, a lot of
determination, a willingness to learn quickly, and an understanding of which sector of
the cashflow quadrant you’re operating in.
16.
