Who’s on Your Team?

Becoming a successful entrepreneur frequently involves learning from a series of mistakes before finally hitting your stride and operating a financially beneficial operation. The difference, for many, between giving up and persevering through the toughest times can come down to who you have supporting and advising you.

In business, there are no shortcuts. Any successful entrepreneur will tell you that one of the secrets to their success is learning from their missteps along the way—you have to learn from them to grow. The same successful entrepreneur will also tell you that they could not have accomplished their success without help—a team.

To understand how to achieve true wealth, and why you need a team, you must first start by understanding the B-I Triangle. Regardless of where you are in the entrepreneurial journey — just starting out on your own or operating for years with dozens of employees—this philosophy still holds true.

The B-I Triangle is what Robert Kiyosaki’s rich dad said, “Is the guide to taking an idea and creating an asset.” Each component of the triangle is important to success in entrepreneurship; some more important than others.

Rich Dad BI-Triangle

Rich Dad BI-Triangle

As a whole, the B-I Triangle represents a strong system of systems, supported by a team with strong leadership, all working towards a common mission.

Mission

Rich dad explained the B-I Triangle by first starting with Mission because he believed it was the most important integrity—the foundation by which all other decisions are driven. Without a mission, there is no purpose. Although the mission of a business is hard to measure, impossible to see, and for all practical purposes an intangible, it is still identifiable. If you are clear and true to your mission, you will attract like-minded individuals who are also aligned with your mission.

If a mission is clear and strong, a business will weather the trials that every business goes through during its first years. When a business gets big and forgets its mission, or if that mission is no longer needed, the business will begin to die. A mission helps you to maintain focus. If you start a business, charity, or want to become an investor, focus on your mission. This includes finding specialists who are inspired by that mission.

As the world becomes crowded with more and more products and services, the businesses that survive and do well financially will be the ones focused on serving and fulfilling the company’s mission.

Team

You will notice that Team is also on the perimeter of the B-I Triangle as it is also important to achieving success. Kiyosaki’s rich dad always said, “Business and investing is a team sport.” And one of the biggest mistakes that an individual can make is to “play the game against a team.”

two business men in the street working

Your team, if made up of the right people, will help you learn and grown throughout your entire life. Working alone reduces learning; you have fewer people with a shared goal to challenge your ideas. One of Rich Dad’s core concepts is that when you are assembling your team, you look for someone with a unique ability. You seek to fill each other’s weaknesses and gaps which will automatically increase your team’s quality and versatility. You don’t want a team made of people whose skills are the same as yours.

The idea of working with a team is counterintuitive to what most people were taught in school. As Robert heard from his rich dad numerous times over the years, our educational system is built around grooming students to be good employees when they graduate from school. Very little course work, if any, revolves around working in teams. Assessing how people function in groups and realizing a student’s strengths and weaknesses is crucial to a person’s growth and understanding when they enter the workforce.

Leadership

Just as every business needs a team, every team needs a leader. Without a leader there is no mission. No matter what you are trying to accomplish, you should be the leader in your own life. A leader’s roles are a combination of visionary, cheerleader and pit bull.

As a visionary, you must keep your focus on the mission. As a cheerleader, you must inspire the team as it works together towards the mission. As the pit bull, you must be able to make the tough calls regarding issues that distract the team from achieving the mission. Any good leader will tell you the key to success is all about the quality, skills and experience of the people that surround them.

A true leader also knows when to listen to others. You must be extremely good at working with people. Being able to cooperate with as many people as possible and helping people without crippling them are extremely important leadership skills.

Meet Your Team

The Rich Dad Advisors are a team of seasoned entrepreneurs that are experts in each of their respective areas of wealth creation and protection. Each Advisor has his/her own business and a proven track record of success in their specific area of expertise.

The team was originally assembled by Rich Dad Poor Dad author, Robert Kiyosaki, to provide him business and investing advice. He realized that each Advisor has mastered their skills by being on the front lines, weathering the challenges and making millions of dollars for themselves, their families, and their teams.

Over the last 10 years, the Rich Dad Advisors have continued to grow their own businesses, which, in turn, has given them the experience to continue teaching others who are striving for their own dream of financial freedom and wealth. The Advisors teach how to use the best practices they have learned through their real world experiences and the multi-million dollar results that have been generated by their own businesses.

Rich Dad Advisors

Andy Tanner, Paper Assets Expert

Tom Wheelwright, Tax Expert
www.ProVision.com

Ken McElroy, Real Estate Expert
Principal and Co-Partner of MC Companies

Blair Singer, Business & Sales Expert
www.BlairSinger.com


A great team is not just a group of people with a common objective. It’s a group committed to working together toward a common goal. Your goal should be to surround yourself with mentors, friends, advisors, and team members who are financially educated, knowledgeable about the type of investment you are dealing with, and are committed to supporting you in achieving success.

With the right mission, team and leadership, you will be well on your way to building a strong business.