The Business of the 21st Century Summary: What would your answer be if I asked you about your primary need? Most people will say that our primary need is money only, which is true today. Money has become such a place that You cannot imagine your life without it. You need money to do the most extensive and most diminutive work and get it done. They say neither father is big nor brother is the most significant money.
This saying is true in today’s era. It also does not mean you should do wrong or lousy work to earn or get money. In today’s technology era, you need to be brighter than the hard-working ones to earn money.
Hello Networkers, welcome to another network marketing book review, “The Business of the 21st Century,” by Robert T. Kiyosaki. Business 1st Century is a part of the series of Rich Dad Poor Dad books where people are friends of worship.
What you will learn in The Business of the 21st Century Summary
In this Discussion, we talk about why it is so important to have your own business in today’s era and how important it is to do this kind of business in the age of technology; this means that if you are doing business, you should leave this business.
You can do the business discussed in this Discussion as a new business with your old company. If we believe that every person wants that to remain in his life, and if a person thinks so, there is no harm in feeling like this. The meaning taught here is not just about earning money but about how to use the money and make more and more money. Along with this, you will also be told about the business of the 21st century. In the Discussion of this book, you will learn about the life of author Robert.
You will get to learn something from the experience. You will also learn how to make yourself financially strong and solely dependent and how money will be made from money.
Apart from this, by joining this Discussion, you will also learn how we should take responsibility for our finances in our own hands. According to author Robert Kiyosaki, either we are masters of money or money enslaves us, depending on whether we are slaves of money. Become or make money your slave. In this time, you will understand how to keep money under your control.
The Mindset of an Entrepreneur
The word Entrepreneur is in full swing, and we have also used that word. But who is it? Let us explain the answer to this question in simple words and comments: he is a business-minded person who has a new idea, and he sells that new idea in the market. Hans earns money by selling that some people consider the Internet and business people to be the same, but both are different.
The one who is a businessman has yet to have any new ideas; he does business only with the same old ID. If we believe the author Robert Kiyosaki, then the wealthiest entrepreneurs in the world are the ones who must have heard the names of many famous people like Bill Gates, Julos Bhej Boss, Elon Musk, Mark Zuckerberg, etc.
There are many other entrepreneurs whose names we may not have even heard of, but they are jewelry in the true sense. The Entrepreneur’s mindset is shallow profile; he likes to be in a manageable limelight and only cares about improving his product and giving new products to the public. Some people think that to become one on the Internet, some special skills or special education are required, but in reality, it is not.
You don’t need any special skills to become one; only a particular mindset is required—such a mindset is one where you want to improve your financial condition and create a wealthy lifestyle.
If you have such a mindset, you too can become Don’t yourself. Author Robert Kiyosaki says that this has often been seen. Many people win lakhs in a lottery or earn lakhs of rupees in some game show, but even after earning lakhs of rupees, such people become poor again after 12 years.
This happens because they need to learn how to use money or have a unique mindset for making money. When such people get money, they first start fulfilling their needs. Once they realize this, Investing money in a business is still possible since most people dream of leaving their jobs and becoming something else.
Still, for most people, this dream remains only a dream because there is not only an entrepreneur’s mindset, but he explains this to us by taking an example and saying that his special friend, who is a hair stylist, has a dream to open his salon.
He has been talking about having a salon for many years. Another friend of the author, whose wife was a flight attendant but whose pension was for hair styling, left the job and started his own business and started running that salon well and gradually By doing this, his salon became famous among the people, and today many renowned hair stylists also work in his salon.
If we believe that in comparison to his friend’s wife, his friend Smitha was more talented and had better hairstyles, but she did not have the talent, and He was also afraid of taking risks.
He is an actual Internet and is never afraid of failing. He is full of courage. In a true entrepreneur, only belief is strong. He knows that if one of his ideas fails. If it is done, then he will be successful in developing other ideas.
The unique thing about the business of the 21st century is that you will not have to do any groundwork; you will also get people to invest money in your business and have experienced employees do the work. You will have to create your own business. In the end, let us say that, of course, you can create your own business, but for this, it is essential that you keep your mindset the same as yours.
If you do not think like those comments, then you will have No matter how good an idea you have or how experienced your staff is, you will never be able to create your own business. Remember that big companies are built only by taking significant risks, so don’t panic; all the big ones who have appeared don’t.
It’s Not About Income; It’s about Creating an Asset
We all must have gone to the bank, whether to open an account there or take a loan. We must follow many processes and make many trips to the bank. Finally, we must pay the EMI every month when we get the loan.
Paying the EMI of the loan becomes a liability for us. If understood, there are assets through which we get income and liabilities where we spend our income. According to the author, some people need clarification on assets and liabilities. People consider having expensive things as assets. For example, if they have a costly, expensive car, they have assets, meaning that expensive cars and expensive things are considered assets. The author himself thinks that those people who think like this are evil.
In reality, having any expensive thing is not an asset but a liability because you must fill the petrol in the car daily. After every two to three months, you have to get the car serviced; that is, after buying the car, you have to get it serviced. You have to spend money on its maintenance from your pocket, which is why the asset is made for you when you drive it on rent or in Ola-Uber and generate income from it.
The thing that generates income for you is the same as assets, and the thing in which you have to invest your income is like a liability for you. Further, author Robert Kiyosaki says that his Power Grid believed that we should do the job only because doing the job can improve our future. The same wristband thought that we should focus on making it more and more remarkable because, in this way, we can increase our income.
When you make assets for yourself, you create a system through which you continue to get passive income; even if you are away, your income will continue to be generated. Even if you vacation in any corner of the world, your income will still be there. For example, let us assume that you have bought a house, and instead of living in it yourself, you have given it on rent.
The rent you get from that house works as an income for you. You do not have to do much work on this; you can do whatever you want. No matter where you live, you will get house rent every month; that is, you have made your house such an asset that you generate income monthly without doing anything.
Author Robert says that the answers come quietly; you only do business with assets, which means business is assets. Now, the harder you work in business, the more returns you get, but no matter how hard you work, your monthly salary will be the same, although there is a game of loss of profit in business.
But here, it entirely depends on how quickly you cover your loss. You will get income according to the hard work you put in. Further, while explaining network marketing, the author says that network marketing means product.
It is not just about selling or earning money. Network marketing means making assets, i.e., assets that generate income for you. assetsity is a real-world business education.
Asset 1. A Real world Business Education
It is true that our education system only teaches us to pass the exams. The biggest drawback of education is that we are never told about overall development nor given any financial education. If you ask people about the share market, then surely 90% of people will tell you about the share market. You will not find anything in it, and out of the remaining 10% that will tell you about the share market, 5% will give you wrong information about the share market.
This is because our society has never emphasized financial and business education. Not only giving his opinion about education, author Robert Kiyosaki says there are three types of education: Scholastic, professional, and financial education.
In academic education, we learn to read and write; we also learn about basic maths and English. And in professional education, you are taught how to work for money. In other words, in professional education, you are told how to become an employee, and in this, i.e.
In self-employed court, you are told; in financial education, you are taught how to make money work; in special education, you are trained to create wealth and make money from money. According to the author, starting your own business and becoming an entrepreneur takes work.
There is no work, and if you want to succeed in business, you must teach some technical skills yourself. You will have to set your text, you will have to keep yourself organized, and at the same time, you will have to plan for your future and your business. According to the author, most people remain in court because they need more technical skills.
Continuing this point, Robert Kiyosaki says that if we want to succeed in business, we need technical skills. Apart from this, we should also have life skills. Often, there are many deficiencies within us, like left-out shyness and fear of friction, and sometimes, due to these deficiencies, we suffer a lot. We should try to improve our brothers. No school or college teaches us to improve these shortcomings, but how should we improve these shortcomings?
While answering the question ‘How to develop our personality,’ the author says we should improve these shortcomings and our personality. You can develop your business only through network marketing. Network marketing brings confidence in you, and when you meet people, your communication skills develop. Apart from this, you also start understanding the psychology of others. In which sectors do you work?
Have a good attitude; you also learn this from network marketing, and from network marketing, you also learn time management, accountability, money management, and investing skills. According to Robert Kiyosaki, most of the training in network marketing is experiential. Even if you cannot reach the top level of any specific program, you can learn a lot from it and earn a lot of money.
The training given in it has such tremendous value that you should do some other business if you do not do network marketing. It is said that network marketing is like a real-world business school to become an entrepreneur.
You can become a good and prominent entrepreneur with the school shown in this. Apart from this, you can also read about the passionate people who have succeeded in their business.
Learn from the lives of those people and try to adopt their habits. To become successful and wealthy, you must act like them, too.
Read: Who Stole The American Dream Summary | Network Marketing Book
Asset 2. Profitable Paths of Self-Development
Success has different definitions and meanings for every person. Some people consider themselves successful even if they have one car. Some people do not consider themselves successful even if they have four cars. Only some people are successful. He has set a different scale for success for himself and judges himself and others.
Author Robert Kiyosaki says that it is not necessary that if you are doing network marketing, you will get success in network marketing. Some people are like this. Some have yet to have as much success in network marketing as they had hoped for. This happens because such people always keep the definition of success high for themselves; that is, they keep the stand of success low.
Taking the matter forward, author Robert Kiyosaki says that if someone who has thought of earning more than Rs 1 lakh from network marketing gets only Rs 10,000 from network marketing, then this will be the same for him, no matter how big your goal is, according to the level of Why not create it. Still, you will need more time to be successful.
You need to follow the author’s network marketing process continuously; people get into network marketing because they leave it midway. Robert Kiyosaki also says there is a winner and a quieter inside all of us. A constant battle is going on between the winner and Twitter inside us.
Sometimes, there are moments in our lives where we start considering ourselves a winner and believing that no one is better than us in our field. Such moments come when our confidence gets lost, we begin performing poorly in the field we fall in, and then we become a We start feeling like tweeting, we start feeling that we should leave all this.
While talking about network marketing, Robert says it eliminates our fear of rejection. We are not afraid of failure. The first attitude that comes to us is that we will fulfill it, but it is also said that if you have joined network marketing, it does not mean you have left behind the loser part of you; you have to fight it every day and yourself. You must work hard to move ahead and work hard for many years to achieve financial freedom.
During network marketing, there will be times when you feel that you should give up right now, and your friends and family members will ask you to do a job and look for other options.
Further, author Robert Kiyosaki tells us his story and says that he had become a millionaire by 30, but after just two years, he suffered a massive loss in his business. It happened that he was on the verge of losing courage. Still, Reed encouraged him then and explained that when a person has too much money, he becomes arrogant and foolish.
When the same person has less money, He becomes very down to earth and humble, and if we believe it, his dad told him that affairs keep coming in business, and sometimes such a situation comes where we start feeling that we have lost everything.
However, a true businessman learns from the period and builds his business again. He says that due to failure in business, he learned many lessons, and using the same, today, he has built a big company.
And if he had not failed at that time, he would not have been able to reach such a prominent position today. Robot says that his personality has dramatically improved by doing business and network marketing. Earlier, he was timid about talking to others, but now all his hesitations have gone away, and if he had not known this chart, he would not have been able to meet even his wife and me. Network marketing helps a lot in your personality development. It creates self-confidence and gives you the courage to fight against harmful situations.
Asset 3. A Circle of Friends who share the dreams and value
This effect tomorrow References Happiness Your Dreams and Values Friendship is a relationship in which you choose yourself. You cannot choose your parents or siblings, but you can choose your friends, so you must be careful when choosing your friends. You have to be cautious because friendship tells you your future. If you have good friends, consider yourself lucky if you believe the path to your financial freedom becomes more manageable when your friends are like this.
Your group is also ready to follow the same path of financial freedom as your friend, who has moral values. You also develop the same kind of ethical values. You only learn good or bad habits from your friends. When your friends’ goal is If there is financial freedom, then you also keep filling the solution to achieve financial freedom equally strongly and fast because whenever you meet your friends, the topic of Discussion is finance only and about finance.
Whatever you can, whatever your friends have learned, they share it. This increases your knowledge, and at the same time, you become more serious about your financial goals. Further Author Robert Kiyosaki About himself He explains that since he was 15 years old, his target was to become financially free and grow; for this, the author was looking for people who could help him in achieving his target and he was looking for such friends like Gopis.
Whose mindset was exactly like his and whose target matched the writer’s target; that is, he was staring at such friends whose target was to be wealthy and financially free. If I admit it, it was very proactive to think like this at the age of 15 because What kind of age is this where you learn a lot of new things and have a lot of new experiences, you do not have much knowledge of good or bad nor are you able to differentiate between good and bad if you want to build your business.
Your dream is to see yourself as prosperous, and then you have to take special care with whom you should spend your time and with whom you should not waste it. If you have seen all the wealthy and successful people, then you have seen this. You must have noticed that rich people spend more time with those whose dreams and values are similar to theirs.
For example, Bill Gates spends most of his time with his close friend Warren Buffett. Both of them often discuss finance and the stock market. They keep doing things, and both keep doing things together. Both keep guiding each other. While talking about himself, Author Robert Kiyosaki says that his friends belong to all four quadrants, but they mostly follow their B and I Quadrants.
However, it does not mean they do not give time to their other friends; they still meet their old friends, inquire about their well-being, and help them when needed. With network marketing, you can help in business. Not only do you learn about it, but apart from this, you also make many friends through network marketing, whose target and dream is to become wealthy and successful like you.
Feel free to connect with network marketing if you want to increase your network. When friends with similar values and passions come together, the journey to financial freedom becomes easier.
Asset 5. A Duplicates Fully Scalable Business
Network marketing does not mean that you send your product to the market. Still, network marketing means sharing information with people and connecting with them.
According to the author, for those who are experts in sales, doing network marketing is difficult because a salesperson has a direct trap. He can sell his product to whomever he is talking to and giving time to, but those who are network marketers think less about selling their product; their entire focus is on this. How can they expand their network and communicate with people better?
A good network marketer thinks not only about his success but also about the employees working under him. Think about success; write about business; it is said that there is a difference between sales and marketing, which is only duplicable here. Duplicable means repeating performance, and it can be different sales in the next month, but it is the network.
If we look at marketing, if you have networked with someone this month or made contact with him, that contact will remain connected with you in the next month; in sales, you cannot copy or repeat your performance exactly. If you have performed well, the employee working under you doesn’t need to perform equally well. Still, in network marketing, if you have created a network with someone, the employee working under you also gets the same benefit.
As much as it is yours, you can repeat your performance in network marketing and copy it. Next, author Robert Kiyosaki says that many talented people in network marketing have used their talent and skills well. Still, network marketing is independent of how well you have done, but it depends on how other people associated with you are performing. In network marketing, more focus is given not to your performance but to the performance of others.
Author Robert Kiyosaki gives us the example of Henry Ford and explains that Henry Ford had created a business system where even a commoner could do his duty and spend his time. In Henry Ford’s business, every person contributed as he wished. So, he could have hired talented artisans in his company to make his car and also got many cards made. Still, instead of doing so, he paid more attention to networking and created such a business that even a commoner could do it.
Henry Ford also took him to court. Like a living businessman, Robert Kiyosaki, while talking about scalability, says that only a few people know how to make their small business big and make it big in this way. In which he does not have direct participation and is not directly involved. A good and successful entrepreneur knows how to get his work done by others.
While telling us about Ray Kroc, author Robert Kiyosaki says we are in the same position today. He did not take the help of any expert restaurateur to start McDonald’s; instead, he created a system that allowed anyone to run a restaurant.
To run a McDonald’s franchise, you have to be an expert in running a restaurant.
There is no need to be; McDonald’s itself will give you such a system, which you can use to run the McDonald’s franchise very efficiently. If you believe, then yes, the big ones do this; they make their system easy so that even a commoner can join them.
That person should also progress himself and make the company progress, which is part of network marketing. In the end, the author says that some people are experts in sales, but everyone can be an expert in network watching and making connections when.
If you become an expert in all these things, then you can add lakhs of people to your business. When you add lakhs of people to your business, you must show your leadership quality at that time.
Asset 6. Incomparable Leadership Skills
If you want to see others progressing along with you and you move forward to face difficulties, you are not at all afraid of helping your friends and your colleagues with problems and can help the people working with you. If you give good suggestions from time to time, then it means that you have leadership qualities.
If we believe the sources, then leadership is a tower that lights everything together, and with the help of leadership, a business becomes better than good. When building a business, we must recognize the quality of leadership. All the big companies you might have heard about progressed because those companies had good leaders who came forward and led the companies.
According to this, if your company has good leaders, money will automatically come to you. This money is attracted only to business people with good leadership qualities—talking about former US President John F Kennedy, who is associated with robot leadership.
It is said that John F. Kennedy was a visionary leader.
While addressing the country in 1965, he said that his vision was that America should set foot on the moon in the coming ten years, although a scientist needed to learn how to achieve this vision. However, it resulted from John F. Kennedy’s vision that America surprised the world by taking its first step on the moon in 1969.
According to the written statement, those who genuinely have leadership qualities are the ones who excel through their leadership quality. They make even the impossible possible and further say that those who are true leaders never shout at others, nor do they take out their frustrations on others; instead, they work quietly and calmly, and when such leaders speak, Their words touch the heart, and sometimes they take such decisions which shock everyone.
Author Robert Kiyosaki says that all great leaders are also excellent storytellers. They have tremendous communication skills. Such leaders have the skills to convey their vision to others well. According to the author, many companies struggle financially because the Leader of that company cannot share his vision and goals with his employer, which is why. This means that the Leader will not be a good storyteller, and his communication skills will also need improvement.
Further, the author also says that a good manager doesn’t need to be a good leader; a good leader is also a good manager. The author also says that most people in this self-employed category cannot take their business forward because they need leadership qualities. If we consider the problem, many people have leadership qualities but need to realize these qualities. We can never bring it out; network marketing only does the work.
Yes, through network marketing, you can bring out the leadership quality hidden within you, and at the same time, you can also quote others in the network.
Marketing leaders are those who like to motivate their co-workers instead of defeating others or competing with others. At the end of this chapter, Robert tells us about the four elements of leadership and says that mental, physical, emotional, and Spiritual, there are four elements of leadership.
You must succeed in any field or work to control these four elements. Apart from this, you must also teach these four elements to the people working with you. To become a leader, you must set some limitations and boundaries. Apart from this, you also have to monitor the behavior of the employees working with you and take strict action when necessary.
Most importantly, this Leader must explain your point and act arbitrarily.
Conclusion
So this book is about tells you about network marketing and why you must join. In the subsequent phases, the author discusses the mechanism of genuine wealth creation, big dreams, and why this business is perfect for women. We must speak about that, too. What management is complete? Whatever I have understood from the book, I have explained it to you above; I hope you have understood it better; how did you like this information on The Business of the 21st Century Summary? Please tell me in the comment box below.