Paul Newman’s Responsibilities

In an interview with Paul Newman, he was asked what his wife, Joanne’s responsibilities were.

He said she chose where they went for vacation, everything about their social calendar, the colours of the home, what car they purchased, their social calendar, who they would socialise with, what countries they would visit, what sports events they would attend, what they would wear, what they would eat, their family budget, their family events, the upkeep of the grounds and a whole lot more.

The interviewer asked Paul: “What are your responsibilities?”   

Paul answered: “The end of world hunger”.

When you are dedicated to a big, big vision, you need the people closest to you to do a lot of the creative thinking about your life for you.

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Your KickStart Process – your early new year!

You’ll find a new feature for your KickStart process this year – a Video to help walk you through this amazing process.

Yes, you can still  write it all out on your 2015 Kickstart Template – please send your copy to us and we’ll make a comment and support you in making it happen.

So what is the KickStart program?

It’s a great way for you to complete with your year early.  We have designed this to be used in October and November so as to position yourself in a state of mind of having completed your year….but with an extra month to go!

It’s a difficult thing to understand without doing it.  But the benefits are enormous.

So without further ado,

Here’s your kickstart Video:

A Walk in the Dark Forest.

Part, (if not the main reason)  of any walk through the Dark Forest,
is the Journey of Self Discovery.

It’s easy in the forest, to get distracted.

To try and ease the pain.

It’s easy to think that finding relief from pain and some comfort is the name of the game.

Au Contraire.

In the Dark Forest, your pain and discomfort are your lessons….

and when the student has had enough pain,

…the student is ready to learn and their teacher appears.

But, if you spend all your time trying to ease your pain and increase your comfort,

The longer you will stay in the Dark Forest,

..the longer you will be in pain.

That’s called “Long Suffering”.

“Short, Sharp Suffering” is the name of the winning game.

You look it in the eye, feel it for what it is… and then through the mists;

 Your teacher will emerge and your lesson will be learned.

Right Hand Quadrant Business: B type business.

(Back)
Robert Kiyosaki’s “Cash Flow Quadrant” has a big lesson for  business owners.

You are being challenged to decide if you have an “S” type business, one where you exchange your time for money or if you have a “B” type business, one where your system delivers you freedom of time and rewards you with a constant supply of money.

Let’s hear Robert describe his concept:

The difference between S-type and B-type companies

I often hear people say, “I’m going to start my own business.” I hear that a lot these days, especially, with unemployment so bad.

Many people tend to believe that the way to financial security and happiness is to do your own thing or to develop a new product that no one else has. So, they rush out and start a new business. Usually they move from being an employee to being self-employed—moving from the E quadrant to the S quadrant, the left side of the CASHFLOW® Quadrant.

While one is not necessarily better than the other, S-type businesses and B-type businesses have different strengths, weaknesses, risks, and rewards. Many people who want to start a B-type of business wind up with an S-type of business and become stalled in their quest to move to the right side of the CASHFLOW Quadrant—the B for big business and I for investor side.

Many people attempt to move from the S quadrant to the B quadrant, but only a few who attempt it actually make it. Why? Because the technical and people skills required to be successful in each quadrant are different. You must learn the skills and mindset required by a quadrant in order to find true success there.

S-type vs. B-type business skills

If you own a B-type business, it’s possible to go on vacation for a year, come back, and find your business more profitable than when you left it. In an S-type of business, if you take a one-year vacation, you’ll have no business to come back to.

What’s the difference?

Saying it simply, an S-type of business owns a job. A B-type of business owns a system and then hires great employees to operate that system. This is why if a B-type business owner is on vacation, income still comes in.

To be successful, a B-type business owner requires:

  • Ownership and control of a system, and
  • The ability to lead people

For S’s to evolve into B’s, they need to convert who they are and what they know into a system, and many people aren’t able to do that…or they’re often too attached to their self-contained system to let go and let other people in.

Can you make a better hamburger than McDonald’s?

To illustrate my point, I’ll share a technique I use to determine whether someone is an S or a B when they ask me for advice on starting a business.

Usually, these people tell me they have a great idea for a new product or idea. I listen, usually for about 10 minutes, and within that time I can tell where their focus is, whether it’s a product or a system. In those 10 minutes, I usually hear words like these:

  • “This is a far better product than XYZ makes.”
  • “I’ve looked everywhere, and nobody has this product.”
  • “I’ll give you the idea for this product; all I want is 25 percent of the profits.”
  • “I’ve been working on this product for years.”

At this point, I usually ask one thing: “Can you personally make a better hamburger than McDonald’s?” So far, everyone has said yes. They can all prepare a better hamburger.

I then ask, “Can you personally build a better business than McDonald’s?”

The burger vs. the business

Some people see the difference immediately…and some don’t. The difference is whether a person is fixated on the left side of the quadrant, the E and S side, which is focused on the idea of a better burger; or on the right side of the quadrant, the B and I side, which is focused on the business system.

I do my best to explain that there are lots of entrepreneurs who offer a better product or service, just as there are billions that can make a better burger than McDonald’s—but only McDonald’s has created a system that has served billions.

If people begin to see this truth, I suggest to them to visit a McDonald’s, buy a burger, and sit and observe the system that delivers that burger. Take note of the trucks that deliver the beef, the rancher that raised the beef, the buyer who bought it, and the TV ads that sell it. Notice the training and the employees. See the decor, the regional offices, and the whole corporation. If they can begin to understand the whole picture, then they have a chance of moving to the B-I side of the CASHFLOW Quadrant.

The reality is that there are unlimited new ideas, billions of people with products and services to offer, and only a few people who know how to build an excellent business system.

The question is, which side of the CASHFLOW Quadrant do you want to be on?

Thanks to Robert Kiyosaki for his article.  You can find more about him on his website.