Why business is so important now in our lives, that we should start building it? The answer is simple – To earn our financial freedom.
We live in a time when we can rely on the internet, and we have every information that we need to learn in front of our faces. The only question is – What we need to learn to start a business?
What is a Business?
After reading the book “Rich Dad’s Cashflow Quadrant” by Robert Kiyosaki, I’ve started thinking about what business actually represents.
Like Robert Kiyosaki presented the Quadrant, there are 4 roles:
- Business Owner
I’m not going to speak about all types, just specifically about business owners.
I think the most common mistake people make, thinking that they own a business, but in reality, they work by themselves.
People who think like that, their role is no different from Self-Employed people. The reason is that they cannot develop a business, because they don’t trust other people with their work. They believe that they will make it better or faster than having employees that will do the job for them. These people, can’t see how it will affect their business if they will have at least 10 people working for them.
Self-Employed – People who work for themselves, they own a job, they are Boss to themselves. Their income depends on how much they spend time working. If they take a vacation or a day-off, they won’t earn anything.
Business Owners – In other words, they own a system. They have people working for them. Every employee has their own job that needs and knows how to do it. Business owners, unlike Self-Employed people, can take a vacation for a couple of months or even a year, and when they will come back, their business will still be the same or even better.
Business owners don’t work – they find people who work for them.
You don’t need to think of a unique idea or invention for your business to make it successful. Take any idea you like, it doesn’t matter if your business will sell products or services. There will always be competitors. You just need to develop a better business system than competitors have.
Creating an effective business system, helps you solve problems and make decisions in a company. But creating such an unusual system can be tricky.
For example, we all know one of the biggest business companies in the world – McDonald’s
Why McDonald’s? Because the owner of this company developed such a business system that no one can come close to his idea. Just think about it, do you really enjoy their food? It’s not healthy, not that actually tasty, admit it, you can make a better burger after watching a couple of cooking videos on Youtube. Then why we still go to McDonald’s?
Just to be clear – I’m not here to judge McDonald’s, I’m myself from time to time buy a burger from them. The reason I’m telling you all of this, it’s because the owner of McDonald’s developed such a Customer system, that we still come back all the time. Why?
Think about it, the moment we enter the restaurant everyone welcomes us, we see big boards with food and employees always say the same thing: Hello, what will be your order? 3 minutes later and we are already eating. Isn’t it satisfying?
Oh, and don’t forget, McDonald’s restaurant business isn’t even their main business, it’s actually Real Estate. They use their finances earned from restaurants to invest more in Real Estate.
So What Makes a Good Business Owner?
You must ask yourself this question. We all probably worked for someone and bought services or products from someone, so think what makes a perfect Boss to you.
You need to think about your employees, they will think about your customers – that’s how business works.
Only by finding good people, your business will be successful. Invest more finances to have good employees because they will help you grow your business. But firstly, you must learn how to find these people.
Why You Should Build a Business?
If you will work all your life for someone and earn a couple of dollars per hour, you won’t accomplish your goals. You will work for about 40 years of your life just to support yourself and your family.
Ask yourself: Is this how you want to live your life? Don’t you want to accomplish something? Don’t you want to have a nice car, a big house, a happy family because you’re financially free?
Having a business, what helps you seek your goals and the most important thing you will eventually have more time to yourself.
What You Must Know Before Starting a Business?
Beware, starting a business can be hard. You will be responsible for everything. You will need probably more investments for your business than you think. Business is a long-term deal, so don’t expect to earn money from your business for probably a year or even more.
I encourage everyone to try start a business. Even if it won’t work, at least you will know how it went. If you’re reading this, then probably you are thinking about starting a business, but if you won’t start, then you will regret at the older age, that you didn’t take your chances.
Don’t forget: If it was easy, everyone would do it.
I have only 1 tip for you before starting a business:
- Educate yourself
The more you learn, the more you will know how to operate your company, your team, your finances.
Everything starts with a lesson. We are learning something every day, then why not use the same time to learn what will make your life better?
You will thank yourself later.
Please comment down below, what’s your opinion on starting a business. Write any suggestions about what would you like to read next.
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