My money 180

When business own- ers or business teams are weak in any of the five levels, they will become defensive rather than recep- tive to questioning. If they do become defensive rather than excited to identify and correct a weak- ness, I usually walk away from the investment. I have on a wall in my house a photo of a pig I took on Fiji. Under it is printed: "Don't teach pigs to sing. It wastes your time and it annoys the pigs." There are too many excellent investments out there to waste your time trying to teach pigs to sing. 3. The personal computer and the Internet make the B-I Triangle more available, affordable, and manage- able for everyone. In my talks, I say that it has never been easier to access great wealth. In the Industrial Age, you needed millions of dollars to build a car fac- tory. Today, with a $1,000 used computer, some brainpower, a telephone line, and a little education in each of the five aspects of the B-I Triangle, the world can be yours. If you still desire to build a business on your own, there has never been greater opportunity for success. I recently met a young man who sold his small Internet company to Product Management 373 a major computer software company for $28 million. All he said to me was, "I made $28 million at the age of 28. How much will I make when I am 48?" Sharon's Notes If you want to be an entrepreneur who builds successful businesses or invests in businesses, the entire B-I Triangle must be strong and interdependent. If it is, the business will grow and flourish. The good news is that if you are a team player, you don't have to be an expert at every level of the B-I Triangle. Just become part of a team with a clear vision, a strong mission, and an iron stomach. B-I Triangle From B-I Triangle to Business Tetrahedron A business with a defined mission, a determined leader, and a qualified and unified team begins to take shape as the sections of the B-I Triangle come together. This is when the B-I Triangle becomes three-dimensional and turns into a tetrahedron. The point of completion is the introduction of integrity. The definition of integrity is wholeness, entirety, as well as 374 Rich Dad's Guide to Investing perfect condition and soundness. The more common def- inition of integrity is honesty or sincerity. While the defini- tions may sound different, they are in fact the same. A business run with honesty and sincerity when built on the principles of the B-I Triangle will become complete, whole, and sound. Your Business Phase Four Who Is a Sophisticated Investor? 378 Rich Dad's Guide to Investing "So learning to build a business will make me a sophisti- cated investor?" I asked. "Is that all it takes?" "If you learn the lessons along the way and build a success- ful business, you can become a sophisticated investor," rich dad continued, as he brought out his infamous yellow pad. "It's making the first million dollars that's difficult.