Quotations by Robert T. Kiyosaki

If you want to have the best team around you, you need to be the best at something as well. [2005] - Robert T. Kiyosaki

Being able to sell is essential in convincing investors to invest in your company as well as selling your company's products to consumers. [2005] - Robert T. Kiyosaki

It is not only what you know, but who you know. When you encounter a problem in business it is a great relief to know who to call for instant assistance. [2005] - Robert T. Kiyosaki

The combination of school smarts and street smarts will help you build a successful business. But "team smarts" is the true formula of success. [2005] - Robert T. Kiyosaki

High expenses are an everyday challenge in business. Taking on that challenge is one of the most important jobs of an entrepreneur. [2005] - Robert T. Kiyosaki

The attorney's job is to protect the company, its products and its intellectual property--before there is a product or a business. [2005] - Robert T. Kiyosaki

I encourage entrepreneurs to spend more than half of their time working on the future of their business and build a strong team to concentrate on the present and past issues of the business. In some cases, the entrepreneur may need to spend more than 80% of his or her time focusing on the future. [2005] - Robert T. Kiyosaki

In marketing, a rule of thumb is to do your market research first. "Know your customer." [2005] - Robert T. Kiyosaki

The most successful businesses usually do one of the two things: 1. Solve a problem. 2. Fill a need. [2005] - Robert T. Kiyosaki

Success or failure on business has to do with work ethic, determination, and desire. First, you have to be able to sell. Second, you have to be able to attract, build, and motivate a great team. The third element is your ability to teach others in the business how to sell, how to be great team players, and how to succeed. It is this skill that ensures growth, profit, and longevity. [2005] - Robert T. Kiyosaki

Design a business that can do something that no other business can do. Focus all your efforts on your core strength, your unique product. [2005] - Robert T. Kiyosaki

Business systems and procedures can give a competitive advantage if they're more efficient or effective than the competition's. [2005] - Robert T. Kiyosaki

80% of all customers are good customers, 5% are horrible and the other 15% are in between. You fire bad customers just as you would fire a bad employee. if you do not fire bad customers, not only will your good customers leave, many of your good employees will leave as well. You must also be able to fire bad advisors. If they are only interested in receiving their fees and not helping your business, your business will suffer. [2005] - Robert T. Kiyosaki

Hire slow and fire fast. When it is time to let them go, maybe you can help them find jobs at a company where they might be happier and more productive. Or just pay them to leave. It will be less expensive in the long run. Remember to do it humanely and legally. [2005] - Robert T. Kiyosaki

Protect your company and employees from cheap customers-the customers who want more than they pay for, the customers who want something for nothing. I make it a point to fire cheap customers-politely and discreetly. [2005] - Robert T. Kiyosaki

Ad agencies are generally for big corporations or established businesses. [2005] - Robert T. Kiyosaki

There are three price points for any product. The lowest-priced product, the highest-priced, and the middle-priced. The worst price to be is the middle price. Nobody knows who you are. The trouble with being the lowest-price product is that someone is always trying to beat you. Someone will find a way to sell the same product for less than you. To win the lowest-price competition, you have to make less and less money. On top of that you have to deal with cheap customers. [2005] - Robert T. Kiyosaki

The higher the price, the fewer the customers, and the more precise you need to be in your marketing. Instead of discounting down, bonus up. Instead of looking for new products to sell, look for new customers. Many of us like letting people know we spent a lot of money for a product only a few people can or will afford. [2005] - Robert T. Kiyosaki

If you don't know something, ask someone who does know. On the flip side, don't be a pest and ask for too much help. Read books about great entrepreneurs such as Edison, Ford, and Gates. [2005] - Robert T. Kiyosaki

The word leverage simply means the ability to do more with less. [2002] - Robert T. Kiyosaki