The StartupNation Blog Trends, tips and real-life anecdotes from industry experts

Archive for “Run Your Business Better”

business strategy | business planning

Strategic Planning –A Crucial Component of Business Planning

Companies often have trouble maintaining growth, even in favorable economic conditions. The modern business landscape is ever changing:  The information highway remains supercharged; technology continues to develop at warp speed; distribution channels change unexpectedly; and new competitors spring into action every day. In today’s complex business environment, strategic thinking is essential for sustaining a long-term [...]

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Small Business Success | Company Performance

Four Steps to Improve your Company’s Performance in 2014

1. Know your Financials Companies are dynamic organizations with a myriad of business functions occurring simultaneously. In order for the company to grow, each business function must operate collectively to produce an output in excess of the input. Gross Profit, Net Profit and Cash Flow monitor these relationships. They provide vital information about the health [...]

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Business Planning | Strategic Planning

Business Planning for 2014. Five Reasons Strategic Plans Fail.

Most organizations fail on strategy execution, not formation. Setting unrealistic expectations, including initiatives, measurements and milestones is one of the major causes of failure. The remaining most common reasons for failure are: lack of discipline and planning, rigidity- not allotting for situational shifts, lack of understanding and lack of buy-in or company-wide implementation. Lack of [...]

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www.eepulse.com

Improve Employee Energy and Productivity with these Tips from Theresa Welbourne, Ph.D.

Employee Energy is Key to Small Business Success An Interview with Theresa Welbourne, Ph.D. of eePulse, Inc. Theresa Welbourne, Ph.D. decided to take her research on employee energy and firm performance and turn it into a technology business to help organizations improve productivity. In the process, her company, eePulse, Inc, www.eepulse.com, grew and became successful [...]

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Are your Financial Relationships in Harmony?

Companies are dynamic organizations with a myriad of business functions occurring simultaneously. In order for a company to grow, business functions must operate synergistically to produce an output that is in excess of the input. For example, sales must be higher than the cost to produce. The difference between the selling price and the price [...]

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Correctly Labeling Roadblocks

Just last week, my hometown of Detroit officially filed for bankruptcy. Although I no longer live in Detroit, I spent a majority of my life there and will always feel an emotional attachment. Although Detroit’s problems are deep-seeded and this bankruptcy was decades in the making, I am optimistic that Detroit’s best years lie ahead [...]

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Riding Your Business To Success

Outside of StatupNation, my passion is for Arabian horses. Horsemanship is a fine art that requires patience and a large quantity of self-reflection. This is because, as a rider, you have to communicate in the most simple and intuitive way what action you want the horse to perform. When I first entered the world of [...]

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So What is SEO Anyway?

What is SEO? Hint – It’s not just about adding search engine optimization keywords to your Website SEO, or search engine optimization, is a big mystery to many people. While many of us in the media and communications business have no trouble understanding it, it can be misunderstood by entrepreneurs and business people worldwide. If [...]

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InventionHome Product Spotlight – Tipsy Tower

Memorial Day has come and gone.  The holiday signifies many things…a time to remember those who sacrificed their lives for our country, as well as a time to visit the gravesites of our loved ones to pay respects.  In a much less ‘official’ manner, this day also marks a changeover in the season making it [...]

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Remote Work: 3 Reasons I Am Not Bullish

At StartupNation, one of the topics we are obsessed with is business communication.  How businesses communicate with clients or their employees, what technology they use, strategies that work or don’t work… the topic is broad but exceptionally important.  This blog post is the beginning of a series that we will be doing on business communication, [...]

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Exclusive Interview with Rich Dad’s Robert Kiyosaki

Insights on “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government”
Rich Dad's Robert Kiyosaki, www.richdad.com
In an exclusive for StartupNation, Robert Kiyosaki, successful entrepreneur, investor and author of the #1 Personal Finance book of all time, “Rich Dad Poor Dad,” offered his insights related to his new book, “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government.”

In regard to this financial education guide for parents, here’s what Robert had to say:

Why did you write this book?

I wrote “Why ‘A’ Students Work for ‘C’ Students” for parents because parents are a child’s first and most important teachers—and they have an important job to do. They can truly influence the future of their children, because if they don’t teach their kids about money, they can’t on the school system to do it. Schools teach kids what the school system believes they need to get a good job… which, from my point of view, sets them up to be slaves to a job and a paycheck all of their lives. My poor dad was a well-educated school teacher with a Ph.D., but I struggled in school. I didn’t get good grades and flunked out of high school—twice. In fact: I hated school. But I love to learn. Today, I (the “C” student) hire “A” students, like accountants and attorneys, to work for me.

The financial crisis has just started and as more countries and baby boomers go broke, who do you think will foot the bill for life-support? Your kids, that’s who. And it’ll take the form of higher taxes. That’s why I wrote this book. I want to encourage and support parents who want to give their child a financial head start in life. And it starts with understanding money.

Since the school system is not giving children a financial education, are they teaching our kids to be poor?

I think schools are teaching kids to be poor, but worse than that they’ve teaching them to be slaves to a paycheck. That could be one of the reasons why the dropout rate is so high in schools today. As a young kid back in the ‘50s and the ‘60s, I kept asking my teacher, “Why don’t you teach me anything about money?” I never got an answer to that question.

And today, most schools still don’t teach kids about money. Whether we’re smart or stupid, rich or poor; we all use money in our everyday lives. It’s an important life skill and it’s up to parents to fill the void.

We’ve got to teach our kids about money because the United States is broke. We’ve spent billions on public education, and poverty keeps increasing. The rich get richer, the middle class is getting squeezed harder and harder… and the poor are getting poorer and poorer. What’s wrong with this picture?

Then, do you think parents should train their children to be entrepreneurs?

Only a child can decide that. I wouldn’t decide that for them. I don’t think there’s anything more pathetic than some kid who does what his parents want him or her to do. Instead, give your kids some financial education and then they can make their own choices later on in life.

If your children do not have a financial education, then they will probably end up being an employee or a self-employed specialist. And today, employees pay at least 40% of their money in taxes and the self-employed pay about 60%. Meanwhile, people who own large businesses pay only about 20%, and investors with a high level of financial education and well-structured investments can often pay nothing—0%—in taxes. Very often the people who end up paying the most in taxes are the ‘A’ students who get out of school and become doctors, lawyers and attorneys.

Kids who have a financial education will have more choices in life and not be stuck working for someone else or living off government hand-outs.

What can a parent do to start giving their child a financial education?

I outline some specific activities—Action Steps for Parents—at the end of each chapter of the book, but the most important thing is to make your home an active and fun learning environment. And it doesn’t need to be difficult. You can play games like Monopoly® and CASHFLOW®, discuss the day’s news and learn new, financial vocabulary words each day.

Every day we make real-life decisions about money so start sharing this information with your children. For example, show them what happens when you don’t pay your bills, how tax payments are taken from your paycheck or how you plan for unexpected expenses. You can also help them set up their own small business to learn about money and investing firsthand.

The point is to teach your kids about money at home because they are not going to get a financial education in school.

Thanks so much for your time Robert!

For more information about Robert Kiyosaki’s new book, “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government,” visit www.richdad.com.

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Insights on “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government” In an exclusive for StartupNation, Robert Kiyosaki, successful entrepreneur, investor and author of the #1 Personal Finance book of all time, “Rich Dad Poor Dad,” offered his insights related to his new book, “Why ‘A’ Students Work for ‘C’ Students—and [...]

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Good PR Results Not Possible? Baloney!

Are You Getting the PR Reports Necessary for Success? By Melanie Rembrandt For many years, it was very difficult to show the results of a public relations, or PR, campaign. After all, you could spend hours on the phone pitching media members and not see any results. Plus, due to the nature of public relations, [...]

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Spring Forward and Take Action!

It’s almost spring, and even if there is still snow on the ground, it’s time to think about new beginnings – for you and your business. Do you need a fresh start? If so, it’s time to create (or update) your specific goals for today, this week, this month, and this year.  To start, write [...]

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Got Tax and Business Stress?

Accomplish Your Goals With Less Stress It’s tax time, and if you are a small business owner, you are probably dealing with financial statements, legal payments and lots of paperwork. Even if you have a team of people to help you, this time of year can be overwhelming. After all, you have to make sure [...]

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Got These 3, Key Communication Tools?

We all know that communicating with your associates, customers and team members is a key to success, but with taxes, events, monthly meetings, and everything else going on at your organization right now, your communications efforts may be lagging. Here are three, key questions to ask yourself to help stay on track with your business [...]

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How is Your Website Doing So Far This Year?

February is already here, and it’s time to see how your Website is doing so far this year. If they are not going well… Find out what is happening. Is site traffic down because you have broken links? Perhaps, your target-market wants different copy? Look at your analytics and find out what is going on. [...]

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3 Telling Signs to Hire the Right, IT Team Members

Do you know what to look for? You just went through a mound of résumés, searched the Internet and have reduced your list of IT candidates down to a reasonable amount. Now, the fun really begins with in-person interviews. And if you are new to hiring technology people, or just want to make sure you [...]

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