Think Like an Entrepreneur, Not an Employee

Think Like an Entrepreneur, Not an Employee

Secure your financial future by thinking like an entrepreneur, not like an employee.

By Robert Kiyosaki Entrepreneur.com
Updated: 12:26 p.m. ET Jan. 6, 2006

In October 2005, I was in New York City, speaking on the business of real estate and real estate investing. One of the other keynote speakers was Donald Trump. After my talk, a young man came up to me and said, "Nice talk, but you can’t do what you talk about here in New York City."

Doing my best to be polite, I replied, "Well, Donald Trump is doing it."

"Yeah, yeah," said the young man. "You guys talk about it, but I know you can’t do it."

Having heard this wimpy argument often (no matter where I was in the world), I shot back, "You’re right. You
can’t do that here. But I can, and I would if I lived in New York City.
And Donald Trump is definitely doing what you say can’t be done."


One reason that young man and people like him say, "You can’t do that"
or "I would, if I had the money" is because they are thinking like
employees, not like entrepreneurs.


Simply put, entrepreneurs focus on opportunity, while employees focus
on resources such as money, people and time. For example, a person who
thinks like an employee will say "I can’t do it, because I don’t have
the money." A person who thinks like an entrepreneur will say "Let’s
tie up the deal and find the money later."


Even though you’re an entrepreneur, you may still be thinking with an
employee mind-set. And you can’t change your business–and the results
you get from your business–until you change your way of thinking.

For those of you who are unfamiliar with Rich Dad Poor Dad,
it’s my story of growing up with two "dads"–and two perspectives on
money, finance and investing. My real dad–who I call my poor dad
because, ultimately, he died broke–was a hardworking, well-educated
man who was Hawaii’s super-intendent of education. He believed you
should get a good education, find a good job with good benefits, and
let the government take care of you once you retired.


My rich dad, the father of my best friend, had little formal education
but the spirit of an entrepreneur, and he became one of the richest men
in Hawaii. My rich dad forbade his son and me from saying "That’s
impossible." He said, "In business, when you say ‘That’s impossible,’
your competition is saying ‘We can do that.’" So he had us ask
ourselves, "How can I do it?"


My rich dad’s point was that changing our thoughts would change our
lives. He said, "Whenever you say ‘I can’t,’ that means you are at the
boundary between what you can and can’t do. When you ask yourself ‘How
can I do something?’ you open your mind to new ideas and expand the
possibilities of your life."


So the next time you hear yourself saying "I can’t" or "That’s
impossible," remember that you are thinking like an employee and need
to begin thinking like an entrepreneur.

Robert Kiyosaki, author of theRich Dadseries
of books, is an investor, entrepreneur and educator whose perspectives
have challenged and changed the way people think about money and
investing.

Copyright © 2006 Entrepreneur.com, Inc.

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