The Foundation of Success

The author of the best selling book series Rich Dad, Poor Dad Robert Kyiosaki, said, "Education is the foundation of success. Just as scholastic skills are vitally important, so are financial skills and communication skills."

In his books Kyiosaki had two fathers. His own father, a very prominent government worker in Hawaii, well respected and with a big income. However, he never was truly "rich". This dad was awarded for spending money and hiring people. He also had a very close friend who's dad was a smart investor and wise business man. He was truly "rich". He was awarded to cutting costs and maximizing profits. Growing up with both allowed him the unique experience of being able to choose between both lifestyles. He chose his rich dad's lifestyle, he doesn't have a traditional job, but is one of the most successful men in Hawaii. Granted, he started buying land and starting business during Hawaii's tourism boom, but still. The gist of his books is invest in something that will get you where you want to go and invest wisely.

Since reading his books I have realized, almost to late, that if a penny saved is a penny earned...a penny wisely invested is a dollar earned. (I even came up with that saying myself)

You are all investing in your business. This entire Blog Post was building up to this. Invest wisely. If you're financial statements don't work, perhaps you have to revise before going ahead with your idea. Even if you have the best idea in the world, make sure it is feasible. Owning a business is only good if it can support you (and your family). I'm not saying give up, just rework/rethink the details. This is where the mentors come in and if they say this may not work, ask why, don't get mad at their opinions.