70: Rich Dad Poor Dad Franchising with Robert Kiyosaki

<div> <p>On today’s episode of Franchise Secrets, I’m talking to a personal idol of mine: Robert Kiyosaki. Robert’s #1 best-selling Finance book “Rich Dad, Poor Dad,” changed my way of thinking, and my life as an entrepreneur. He joins us today to discuss how to shift our thinking and train ourselves as entrepreneurs through franchise experience. He brings with him a wealth of knowledge and ideas—and as always, great stories.  </p> </div> <div> <p> </p> </div> <div> <p>After returning from the Vietnam war as a decorated airman, Robert watched his highly educated father lose his job, buy a franchise, and fail the business in a short amount of time. In comparing his own father’s experience with the path of his best friend’s successful father, Robert crafted “Rich Dad, Poor Dad” to prove how traditional education is not always the key in reaching personal and professional monetary goals. So, if your PhD can’t help you, what can? Practice, practice, practice.  </p> </div> <div> <p> </p> </div> <div> <p>But how can you gain experience in a way that doesn’t leave you broke? Well in today’s episode, Robert and I discuss how owning a franchise is a great way to start gaining experience, how to adapt to run that franchise, and which ones to go after when you can’t go after McDonald’s.  </p> </div> <div> <p> </p> </div> <div> <p><strong>Timestamps  </strong></p> </div> <div> <p> </p> </div> <div> <p>(05:58-9:49) Running a franchise location teaches you the ins and outs of owning a business.    </p> </div> <div> <p> </p> </div> <div> <p>(10:38-19:32) Prioritize your financial statement—and a financial team!    </p> </div> <div> <p> </p> </div> <div> <p>(20:08-22:17) A PhD doesn’t make you a smart businessman. So, what does?  </p> </div> <div> <p> </p> </div> <div> <p>(22:33-27:25) How to learn smart business practices every day.    </p> </div> <div> <p> </p> </div> <div> <p>(27:27-29:47) The sooner you start, the smarter you’ll become.  </p> </div> <div> <p> </p> </div> <div> <p>(29:47-38:53) Be a student first, an entrepre