If you are looking for “Takeaway Of The Business School,” it is one of the best network marketing books you can read, and it is the best place to find critical takeaways. Summary or takeaway: both are likely the same as what I understood.
If you have entered into a network marketing business, you must have been asked to read a book called The Business School by Robert T. Kiyosaki.
Because this book is basically about the total marketing industry and it has explained the arrangement of robots, why you should benefit from it, many reasons for it have been explained, plus in this book, the robot teacher fellow has talked about financial knowledge above the mindset of earning money.
Robert T. Kiyosaki needs a network marketing background. Still, the exciting thing is that he highly recommends network marketing for those who want to become leaders and achieve financial freedom during the starting phase.
He also knew about many network marketing events that he had experienced. He advises people to do network marketing, even though he was initially pessimistic about it. Still, as he got to know about things, he started understanding them correctly and also understood them very profoundly.
First, I want to tell you what this book is all about. This book is the answer to one of the fans who is following him. She sent him a letter; she had written that she was a lady trying to know about her husband because her husband had gone into the industry.
It was a network marketing business, which her husband was taking time to do. Still, his wife was quite pessimistic that what he was doing was not a scam because he said that it was my business, I am doing business, but that business did not seem like that of a salesman whenever he was doing it.
That lady had a lot of negativity about this network marketing. So, answering this, Robert T. Kiyosaki has written this entire book in which today we will know about their request or summary.
About The Author
Robert T. Kiyosaki is an American businessman, author, and speaker known for his influential works on personal finance and entrepreneurship. He is particularly famous for his “Rich Dad Poor Dad” series of books, translated into 51 languages and sold over 41 million copies worldwide.
Kiyosaki’s financial teachings emphasize achieving economic independence through passive income and challenge traditional views on wealth accumulation through education and employment.
Kiyosaki’s book “The Business School” is a significant part of his work, focusing on the values of network marketing business. He emphasizes that this business model is designed for people who enjoy helping others, allowing them to create wealth while assisting others in achieving financial freedom.
The book highlights the importance of understanding the power of networks to attain financial success, as Kiyosaki believes that the wealthiest people in the world build networks while others look for jobs.
Kiyosaki’s entrepreneurial journey began at a young age. He started his life from zero, with no formal education, but eventually became one of the wealthiest men in Hawaii. His mentor, whom he called “Rich Dad,” taught him valuable lessons on becoming rich. These lessons were later compiled into the book “Rich Dad Poor Dad,” which has become a bestseller.
In “The Business School,” Kiyosaki shares his insights and practical advice on how to break free from the traditional path and embark on an entrepreneurial journey.
He emphasizes the importance of acquiring the skills required to run one’s business before investing in it. He suggests that network marketing is an ideal platform for this, as it provides business training and allows individuals to develop essential skills.
Kiyosaki’s work has been widely acclaimed, with many readers praising his ability to make complex financial concepts accessible and engaging. His books have been translated into multiple languages and have sold millions of copies worldwide, making him a prominent figure in personal finance and entrepreneurship.
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Chapterwise Key Takeaways of The Business School By Robert T. Kiyosaki
Chapter 1. What Makes The Rich Rich?
Chapter 2. There Is More Than One Way To Become Rich
Chapter 3. Value #1: True Equal Opportunity
Chapter 4. Value #2: Life-Changing Business Education
Chapter 5. Value #3: Friends Who Will Pull You Up, Not Push You Down
Chapter 6. Value #4: What Is The Value Of A Network?
Chapter 7. Value #5: Developing Your Most Important Business Skill
Chapter 8. Value #6: Leadership
Chapter 9. Value #7: Not Working For Money
Chapter 10. Value #8: Living Your Dream
Chapter 1. What Makes The Rich Rich?
In Chapter 1, Robert T. Kiyosaki starts by telling a little about his life, what makes the rich, and what makes the rich richer. He says the rich never work for money; money works for the rich.
If you want to become rich, you will have to change your mindset, and you will have to start a business and become a business owner. If you build a big company, you will have to make your network, and the bigger your network is, the bigger you will be as a businessman.
Going further, Robert and Sakhi have discussed Thomas Edison and why he was rich and famous. I want to shed some light on the life of Thomas Edison, who said that he was not the inventor of the bulb, but he made it perfect. He became famous in the future because he discovered the commercial value of the bulb.
Thomas Edison was not just an investor but was the founder of General Electronics and many other companies. We will talk about Thomas Edison’s life, how he went from poor to poor, and by sending goods from the train’s door, he became a famous businessman because he had created a system.
Then, after that, the Robert companions understand this and take us to the system, where they tell us why the system is essential. This system works for you and not you for the system when you build your own business. You have to turn on the system; instead, you have to work for the system of others, which is built by creating a network. “The richest people in the world build networks. Everyone else is trained to look for work.”
So why do the rich get richer? It is a straightforward thing because their mindset is quite the same. The mentality of the middle class and upper class is quite similar. That is why they remain identical for the middle and upper classes.
However, because the mindset of which class is similar to that of lower class people, they hang out with rich people, so there is a lot of difference in their mindset, which becomes an important reason for them to become rich. You know, “birds of a feather flock together,” this saying is not only for birds, but it is also relevant for the middle class, upper class, and rich people.
Chapter 2. There Is More Than One Way To Become Rich
In Chapter 2, Robot T. Kiyosaki talks about how to become rich. He said there are 11 ways to become rich. In this chapter, you will learn about education, how and any types of education there are, such as Scholastic education, second is professional education and financial education.
Kiyosaki said that building your own business is the best way to become rich; after you have built your company and have a strong cash flow, you can begin investing in other assets.
Moving further, Robert Teager Sakhi has discussed other ways to become rich.
- The first way to become rich is to marry someone and earn money.
- Second, you can become rich by being a crock.
- Third, you can become rich by being greedy.
- Fourth, you can become rich by being cheap
- Fifth, you can become rich by hard work.
- Sixth, you can become rich by being exceptionally smart, talented, attractive, and gifted.
- Seventh, you can become rich by being lucky
- Eighth, you can become rich by inheriting money
- Ninth, you can become wealthy by investing,
- Tenth, you can become rich by building a business
- Eleventh, you can make a network marketing business.
Chapter 3. Value #1: True Equal Opportunity
In Chapter 3, Robert T. Kiyosaki discussed the equal opportunity a network marketing business can provide. Earlier, when his mindset was very closed and pessimistic about this industry, but as time passed, he met one of his friends who was already in a network marketing business.
If I talk about that friend, he was already a millionaire, and you can say he was a billionaire who used to deal in real estate and property, but why is sales doing the network marketing business?
This forced Robot Teacher Sakhi to think a lot about why he is such a wealthy person involved in marketing. Then his open mind opened up, and his mindset changed, and he found that this business provides equal opportunity to everyone.
Equal opportunity means this business does not see anyone’s color or religion. Who comes from where, who is poor, who is rich, it does not see anything. This business is equal for everyone. It provides equal opportunities so that every person can fulfill their dreams, achieve financial freedom, and become successful.
Chapter 4. Value #2: Life-Changing Business Education
This chapter is essential for those who think this business is just for money-making or product-selling. In this chapter, Robert T. Kiyosaki shows the network marketing business in a different form called ‘It’s the education plan.
You can do many businesses like cosmetics, scan care, telephone services, real estate services, legal services, tax services, jewelry, and education; a network marketing company can work on this in many ways.
He has described network marketing as a real-life business school where you get to know that in real life, you do not need theories but skills, skills like attitude of success, leadership skills, communication skills, people skills, overcoming personal fear, overcoming the fear of a reaction, money management skills, investing skills, accountability skills, and time management skills.
Moving forward, Roberts tells about live channel education, where four types of education are explained: mental education, spiritual education, emotional education, and physical education. You can read about these four types of education in this book, provided occasionally in a network marketing business.
Read: The Parable Of The Pipeline Book Summary
Chapter 5. Value #3: Friends Who Will Pull You Up, Not Push You Down
This chapter discusses cash flow quadrants: E, S, B, and I. Mean E for employees, S for small business owners, B for Big business owners, I for investors, employee means those who work for money, and small business means they also work for money. Still, they get money according to their work.
People in the I and S quadrants come in these coordinates and run after money, meaning the more they work, the more money they will earn, and they come in the E investor category.
People in the B quadrant focus on creating a system rather than on money. These people make a system, and after that, the system becomes money for them; after that, when a system is created, they go into the investor category, where money is made from money.
Considering the ESBI quadrant, he has said that when you change the quadrant, your friends and values will also change accordingly.
If you go to the E quadrant, most of the people you will meet will pull you down, but when you come to the B and I quadrant, your friends and values also change, due to which you will meet those people who will help you in achieving your goal and dream of becoming rich.
While going further into this book’s chapter, he encouraged network marketing by describing it as a five-year plan and said that you must do this business and give at least five years to it.
Chapter 6. Value #4: What Is The Value Of A Network?
Metcalf’s Law
A Network’s Economic Value = number of Users
In Chapter 6, Robert T. Kiyosaki talked about the value of networks. It shows that if you want to determine the value of your network or what the value is, he has told you about the value of networks, as I have written above by Matcalf’s Law. Plus, he said that the economic value of a network always goes exponentially rather than arithmetically.
The value of all the people who have jobs and are doing small business always goes arithmetically. Going further, Robert T. Kiyosaki talked about the franchise business, which is a network business. If you look at franchises like McDonald’s, it has the most extensive network today.
In addition, he introduced network marketing. Just like a franchise network business, in the same way, network marketing is a franchise business of individuals in which the franchise of one day goes to another person.
And in what way can it work to make you successful? Just think about it: the way franchise business is run; in this way, your work will be that you will make clones and duplicates of yourself for others so that they can also run the way you are running. This is such a business which requires very little money.
As for all other companies, the features of network marketing are still bright, and even now, you must see that many things are related to network marketing or direct selling. The government is also keeping a good eye on it and is taking it forward.
Chapter 7. Value #5: Developing Your Most Important Business Skill
This chapter is significant for those people who think that sales is a very useless background or that sales is a very meaningless thing. I want to avoid going into sales, but if you look at this thing carefully, sales is the most critical business skill in any business sector. We can understand this as an example.
For example, suppose you made a product or soap for people. If your shop does not sell in the market, will you be able to earn money? Then the answer to this is that you will not be able to earn.
Same sales are an essential part of every business. In this book, Kiyosaki says you learn the most critical business skills in network marketing.
He had also learned the same from his rich dad, and in this chapter, he also told a little bit that going back when he was taking advice from a resident to become rich, he had said that if you want to become rich, then you have to learn the essential skill which is selling.
While doing sales, you have to learn many things like learning to face rejection; you learn techniques, which means that the more the rejection, the more the collection, the more the collection, the more the education, the more the acceleration; this is a simple formula to become successful.
This means that rejection has also been told very well in this book, and how it plays an essential role in our lives because many people are scared of rejection, but rejection helps you to become a better person and do better things.
He further excellently explained teaching and selling, saying that if you want to be successful in network marketing, you should learn how to sell and how to teach others how selling is done. If you talk of sales managers, they do not say sales; they teach; they do not do sales; they teach. So last, the conclusion is the main thing: sales are the most critical business skill; if you learn it, you can succeed in network marketing.
Chapter 8. Value #6: Leadership
Robert T. Kiyosaki focuses on the sixth value, which is Leadership. In this chapter, Kiyosaki delves into the importance of leadership skills in network marketing and entrepreneurship. He emphasizes that true Leadership goes beyond just managing people; it involves inspiring and guiding others toward a common goal.
Kiyosaki likely discusses how effective Leadership can drive success in network marketing businesses by empowering team members, fostering a positive work culture, and setting a clear vision for the organization.
He may provide insights into the qualities of a good leader, such as communication skills, decision-making abilities, and the capacity to motivate others.
Furthermore, Kiyosaki might highlight the role of Leadership in network marketing to achieve financial success and create a supportive and growth-oriented environment for individuals within the business.
By mastering leadership skills, individuals can enhance their influence, build strong teams, and drive sustainable business growth.
Overall, Chapter 8 of “The Business School” likely offers valuable insights into the significance of Leadership in network marketing, providing readers with practical advice on developing and leveraging leadership skills to excel in the entrepreneurial world.
Chapter 9. Value #7: Not Working For Money
Here, Kiyosaki explains there are three ways to live: the feeling of first feeling, the second feeling of anger and frustration, the heart of the sense of happiness, peace, and contentment; the third way is a way of living where you can live with a free mind or a peaceful mind, where you will not have any worries, and your money will be generated.
Going further, Kiyosaki differentiated between money and wealth. According to him “Wealth is the ability to survive so many days ahead.” It is a simple thing. Network marketing teaches you that rather than working for money, you can work for wealth.
While you create your wealth, you can make the assets. He talked about money: income, expense, investment, and liability. Network marketing focuses on building assets, in which primarily real estate and paper assets are included in these quadrants.
Moving forward, Robot T’ Kiyosaki has told about three ways of business intelligence: first, mental intelligence; second, emotional intelligence; and third, financial intelligence. He also said that intelligent people fail to become wealthy because they overthink, are slow, and think about making money quickly.
Plus, emotional and financial intelligence help you succeed in networking. He says that if your IQ is high, your financial IQ will be high. Warren Buffet, America’s most affluent investor, says that a person who cannot manage his emotions cannot manage his money.
If you are thinking about how I will improve my emotional IQ, then network marketing is a better way to solve this problem.
He also explained why some network marketing people fail and why some network marketing people become successful. There are two reasons to become a successful networker: first, build a business and then invest in the industry.
Chapter 10 Value #8: Living Your Dream
Chapter 10 of “The Business School” by Robert T. Kiyosaki focuses on the eighth value, Living Your Dream. In this chapter, Kiyosaki likely delves into pursuing one’s dreams and aspirations, especially in entrepreneurship and network marketing.
He may discuss the importance of having a clear vision, setting goals, and taking action to turn dreams into reality.
Kiyosaki emphasizes the significance of passion, determination, and perseverance in achieving one’s dreams, highlighting that success often stems from aligning one’s actions with one’s deepest desires and goals.
He may provide insights on how individuals can overcome obstacles, stay motivated, and stay focused on their dreams despite their challenges.
Furthermore, Kiyosaki might share personal anecdotes or success stories to illustrate the power of living one’s dream and the fulfillment that comes from pursuing a path that resonates with one’s values and aspirations.
Kiyosaki aims to inspire and empower individuals to lead fulfilling and purpose-driven lives by encouraging readers to identify their dreams and take steps toward realizing them.
Overall, Chapter 10 of “The Business School” likely offers valuable insights and practical advice on how individuals can live their dreams, pursue their passions, and create a life that aligns with their deepest aspirations.
It is expected to be a motivational and empowering chapter encouraging readers to take charge of their destinies and strive for personal and professional fulfillment.
Conclusion
So this is all about the takeaway of the business school. I hope this information will benefit you if you are looking for takeaways or a summary of “The Business School by Robert T. Kiyosaki. How did you like this information? Do tell me in the comment below. If you want to add something, tell us. If you need any information, you can also comment. I will reply as soon as possible.
