How Do You Make Your Million-Dollar Ideas Make Millions Of Dollars?

Dear Reader,

Many people have million-dollar ideas. They believe their new product or service will make them rich and that all their dreams will come true. The problem is, most people do not know how to turn their million-dollar idea into millions of dollars.

In fact, very few entrepreneurs become rich entrepreneurs. Statistics show that most entrepreneurs do not become rich. In fact, many small business owners earn less than their employees. The small business owner earns less because their work continues after the employees go home and they work even when the business is closed. When you calculate the number of hours the small business owner puts in and how much they are paid, many earn less, per hour, than their employees.

A friend, an entrepreneur, recently had a news article written about her. The newspaper stated she made $80,000 a month. I am sure many people gasped at hearing that amount. Later, when I had a coffee with her, I asked, “How much of that $80,000 a month do you keep?” Smiling she said, “None of it. I reinvest every penny of it to grow the business. We survive on my husband’s paycheck.”

Being an entrepreneur is a 24/7 job. Even when they are not working physically, most are working mentally or worrying emotionally.  Employees can go home, or go on vacation. Most entrepreneurs cannot. I’ve heard that Bill Gates did not take a day off for eight years while he was starting Microsoft. 

I stress this because many employees think being “the boss” is easy. Many employees think they do all the work and the boss has it easy and makes all the money. The reason many employees think the boss is not working as hard as they are is that employees and entrepreneurs do different types of work, work that requires different skills.

Statistics show that the reason nine out of 10 small businesses fail in the first five years is that most employees, even college graduates with advanced degrees such as MBAs, do not possess the essential skills to be entrepreneurs.

Different Types of Entrepreneurs

The CASHFLOW® Quadrant represents the four different people in the world of business. Remember that there are entrepreneurs found in three of the four quadrants—the S, the B, and the I. But true entrepreneurs “live” on the right side of the CASHFLOW Quadrant.

CashFlow Quadrant

E stands for employee

S stands for self-employed

B stands for big business (500 employees or more) 

I stands for investor

Every entrepreneur has to start somewhere. I also started as self-employed but I quickly learned that if I wanted to truly grow myself and my business, something had to change.

The problem for most entrepreneurs is not that act of becoming an entrepreneur it’s moving past being self-employed. The trap many entrepreneurs fall into is thinking they are the expert on everything and that they have to do everything. They do not trust others with their business. The truth is that you are probably not an expert at all, and you can’t possibly do everything.

More than likely, you have one or two skills you excel in and that you should be focusing on. Building a team of experts is how a true entrepreneur grows the business. One of the reasons people from the E and S quadrants occasionally have trouble transitioning is because they are not used to having a team assisting them with their financial plans and financial decisions.

Build a System of Systems

The B-I Triangle is important for anyone who wants to start a B-quadrant business or already owns one. It is also important for anyone who has a million-dollar idea and plans on turning it into a business. In other words, one of the reasons people have a difficult time starting a B-quadrant business is because a true business needs more than one skill or specialty.

When an entrepreneur “builds a business,” what they build is a B-I Triangle or a system of systems. My rich dad called these eight components the 8 Integrities of a Business.


My rich dad believed that a truly successful business was built on systems and that the product didn’t have to be the best if the systems were world-class. It still had to be good, just not the best. That is why he always placed Product in the smallest portion of the B-I Triangle, his model for building the most successful businesses.

If the entrepreneur cannot put these 8 integrities together, the business fails or suffers financially. And if any of these components are weak or dysfunctional, the business is likely to struggle or fail. That’s how important the components of the B-I Triangle are. Your ability to move from the left side of the CASHFLOW Quadrant to the right side solely depends on the strength of your system. 

Leverage Your Team

Rich dad taught his son and me to be entrepreneurs. When I asked him what an entrepreneur was, he said, “An entrepreneur sees an opportunity, puts together a team, and builds a business that profits from the opportunity.”

True entrepreneurs cannot do what they need to do by themselves. An entrepreneur must be able to pull together smart people from different disciplines and skills and have them work together to achieve a common goal. In other words, an entrepreneur builds teams that take on products that no one individual can do on their own. 

Having a team you can trust and that are bought into what you are doing allows them to work in your business as you work on your business. As rich dad said, “Business and investing are team sports.”

As a child, I noticed that my poor dad shouldered the financial problems all by himself. He sat quietly at dinner if he was troubled, argued with my mom if he was frustrated about money, and sat alone late at night trying to make ends meet. There were many times I came home to find my mom crying because she knew that we were in financial trouble, and she had no one to talk to. When it came to money, my dad was the man of the house, and he never discussed his financial challenges with anyone.

My rich dad, on the other hand, would sit around a table in his restaurant, surrounded by his team, and openly discuss his financial problems. Rich dad said, “Everyone has financial problems. The rich, the poor, businesses, governments, and churches all have money problems. What determines if someone is to be rich or poor is simply how well he or she handles those problems. Poor people are poor simply because they handle their money problems poorly.” That is why my rich dad discussed his money problems openly with his financial team. He said, “No one person can know everything. If you want to win the game of money, you want the best and smartest people on your team.” 

My poor dad lost because he thought that he should know all the answers—and he didn’t.


Robert Kiyosaki

Robert Kiyosaki
Editor, Rich Dad Poor Dad Daily

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Robert Kiyosaki

Robert Kiyosaki, author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company.

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