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A startup can use the system-based approach discussed in Rich Dad's Cashflow Quadrant to grow by focusing on building a system that can operate independently of the owner. This means creating processes and structures that allow the business to run and generate profit even when the owner is not present. For example, McDonald's success is not just about the quality of their burgers, but the system they have in place to make and serve those burgers. Similarly, Bill Gates didn't just build a great product, he built a powerful global system around it. Therefore, a startup should focus on building a robust system that can operate and generate profit independently.
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The big difference between an S and a B is that a successful B can leave the business for a year and find it's still running profitably. The B owns or controls a system that makes money. For example, many people believe they can make a better burger than McDonald's. But McDonald's is not just about the burger, it's about the system that makes and serves the burger. Bill Gates didn't build a great product, he bought someone else's product and built a powerful global system around it.
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Discover a new approach to wealth management and start with small steps that can eventually lead to substantial assets. Robert Kiyosaki, author of the...
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