CASHFLOW QUADRANT AUDIOBOOK (Jeff Rose).

- Growing Wealth and Getting Rich.

- EMPLOYEE/SELF EMPLOYEE/BUSINESS OWNER/INVESTOR
- NEED TO BUILD A TEAM, YOU DON´T HAVE TO DO EVERYTHING YOURSELF.
- Work with clients, administration, phone calls, answer emails, scheduling
appointments, managing finances, matketing, other responsabilities.
- The business coaching program helped me understand that being a jack of all
trades was not what i was in business to do.
** CREATE A TEAM WHO WOULD HANDLE ALL THE SECUNDARY RESPONSABILITIES OF MY
BUSINESS. It would free me to concentrate on my core business, which was where my
revenue was coming from. **

- Develop your unique abilities and primary source of your income.

- Put together finantial proposals, meet with clients, DON´T SCHEDULE APPOINTMENTS
OR PAPERWORK, Eventually, you realized I could hire people for finantial proposals
to free time to meet with clients. IN MY BUSINESS THATS WHERE THE MONEY COME FROM.

- Transfer responsabilities to other people, CREATE PROCESS AND SYSTEMS.

- CREATED A BLOG. Outsource responsabilities.

* If you outsource you avoid having to work in everything and eventually you get
paid by other people effort.
* SET UP A BUSINESS TO WORK WITHOUT YOU.

***** FOCUS OF WHAT YOU DO WELL AND HIRE THE RIGHT PEOPLE TO TAKE CARE OF THE
REST.****

*** INVESTOR QUADRANT ***

- Make money work for you = Passive income.
- Your passive income should fund your lifestyle.
- Invest in other websites, Using money to make more money. Elon Musk after selling
his interest in paypal, he used the money to build SpaceX and Tesla.

- Help other people grow their business and then he generate wealth and revenue for
him.
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IDEAL BUSINESS. 1970´s
- I have a client whose sole business is manufacturing a chemical that is critical
in making synthetic rubber. This chemical is used in very small quantities in
rubber manufacturing, but is is absolutelly essential and can conly be used in
super refined form.

- My client is the only one who manufacture this chemical, he owns a virtual
monopoly and clients would pay as long it meet the client expectations, thats the
best business idea I´ve ever seen. Facinated by the lawyer story and never forgot
it.

- Richard, stay out of the retail business. The hours are too long, and you`re
dealing with every darn variable under the sun. Stay out of Real estate; when hard
times come it will come to a dead stop and then collapses. Real Estate is illiquid,
When the collapse comes you can´t unload. GET INTO MANUFACTURING; Make something
people can use. And make something that can sell to the world. But Richard my boy,
if you are really serious about making money, get into the money business, it´s
clean, you can use your brains, you can get rid of your inventory and your mistakes
in 30 seconds, and your product, money never goes out of fashion.
- So much for my father wisdowm: Is not only about having the product, but also
about knowing the market. Bill gates didn´t have the product but knew the market
and knew where to adquire the product.

- FIND A NEED AND FILL IT.

1- SELLS TO THE WORLD.
2- INELASTIC DEMAND (People need or desire regarless the price)
3- PRODUCT CAN´T BE EASILY SUBSTITUTE OR COPIED.
4- MINIMAL LABOR REQUIREMENT (Fewer personal the better).
5- LOW OVERHEAD (Doesn´t need expensive location, low electricity, advertising,
legal advice, heigh price employee´s, large inventory.
6- DOESN´T REQUIRE BIG CASH OUTLAYS or major investment in equipment, Avoid
undercapitalization.
7- CASH BILLING, Avoid complex or lenghty Credit terms
8- FREE OF ALL KINDS OF GOVERMENT AND INDUSTRY REGULATIONS.
9- PORTABLE OR EASILY MOVEABLE. (you can move and also your business anywhere you
want, NEVADA, FLORIDA, TEXAS, WASHINGTON, S. DAKOTA (No state income taxes). Monte
Carlo, Switzerland or the south France.
10- SATIFIES YOUR INTELLECTUAL. (Facinated about what you are doing).
11- FREE TIME, doesn´t require your labor and attention 12, 16, 18 hours a day.
12- YOUR INCOME IS NOT LIMITATED WITH YOUR PERSONAL OUTPUT. (Publishing you can
Sell 10,000 products, but as an Architect or doctor depends on you).
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