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The key takeaways from Rich Dad's Cashflow Quadrant for aspiring business owners are:
1. Don't try to do everything yourself. Surround yourself with a competent team that can handle various tasks. This allows you to focus on more important aspects of the business.
2. Emulate successful business owners like Henry Ford who hired smart people to come up with answers so that his mind was clear to do more important tasks.
3. Understand the importance of moving from being self-employed to being a business owner, which can lead to financial freedom.
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Unlike the Self-employed person, the Business owner does not want to do it all themselves, but to surround themselves with others who do the work. Henry Ford is a prime example of a B quadrant. There is an often-told story of what happened when some intellectuals condemned Ford, saying he didn't know much. Ford challenged them to come and ask him anything they liked. The intellectuals lobbed several questions at him. When they were done, he called in his brightest assistants to give the answers. He told the intellectuals that he hired the smartest people to come up with answers so that his mind was clear to do more important tasks, like thinking.
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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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