As some people must have the knowledge of cashflow quadrants, I would like to talk about further on the same subject. My today’s article discusses moving from E and S quadrants to B and I quadrants.
E Quadrant: You have a job and works as an employee for a company / organization
S Quadrant: You are self-employed and own your job or a small-scale business
B Quadrant: You are a business owner and have a team to work for you
I Quadrant: You invest money in different businesses and money works for you
First of all, we need to know that coming out of E and S quadrants and moving into B and I quadrants is really a gruesome, nerve-testing, and toiling life endeavor. We all want to have a luxury life but luxuries have a high price. Everyone of us is not capable of paying such a huge price. That is why; so little number of people is enjoying luxury life. No one would have been poor and unsuccessful, had it been such an easy job. So, the point of my discussion is: how to move from E and S quadrants to the luxury life of B and I quadrants? Let’s have a look at it:
All of us, definitely, are not so rich and wealthy that we can easily start a business and invest money. Getting into a business and running it successfully is a hard nut to crack. Business persons and investors have to deal with challenging tasks and circumstances every now and then. Not all of us are capable of such nerve-shattering challenges. Business and investment are two types of mindset. These mindsets require very different kind of training, thinking patterns, power of decision-making, patience, and endurance level. These qualities can be possessed by a leader only. Therefore, one need to learn how to lead, first of all. But even before this, one need to learn to follow a good leader. When you follow a leader, you start nurturing the same qualities. Choose a leader for you, spend time in his / her company, and develop the leadership qualities in your own self.
This will be your mental and emotional training. Alongside, you will also explore the ways how can you enter into business and investment. One of the easiest ways of getting into the luxury quadrants is to join a direct selling and network marketing business. Search out which direct selling and network marketing companies are operating in your city / state / country.
Anyway, we come back to our subject: moving into Business and Investor quadrants. One thing I must recommend:
• Don’t quit your job for getting into business if you have no other source of income. Your job is giving you a steady monthly income. Keep that income coming. Alongside, plan out about having higher academic qualification; saving money for business and investment; and most of all, start your training for how to get into a business. You can have guidance from the above paragraphs for how to train yourself for business.
• Involve your family and spouse into your business and investment plans if you feel they are supportive and encouraging. The backing will be a great source of encouragement emotionally and psychologically.
• Adopt the company of rich and business-doing people to learn their personality traits, and what and how they do which makes them stand out.
• Search for more knowledge on cashflow quadrants with the help of books and internet etc. Knowledge will give you the valuable insight into the subject. There are also websites which discuss the same fraternity. On the very basis of information, you will be able to take decisions and steps.
• Talk to your friends and close people for brainstorming and having new ideas.
• Explore the possibilities of suitable business ventures. Get to know about the tendencies what is according to your talent and taste.
• See what resources and capital you will need to start your business. Check out for the market scenario what is in and what is out.
Make a plan and stick to it strictly. Build a team of fellow people who also want to improve their financial matters. Together you can do wonders.
One extremely important thing is that when you start a business or plan for it, there come many obstacles. Business and investment are risky but you will have to take the risk. Without a daring attitude, you can’t change your destiny. So, take a decision today, gather resources for realizing it, and enter into a new world of luxuries. When you will be able to pay the price, no one can stop you from buying a luxury life.