If you subscribe to SCORE ExpertANSWERS then you saw that Robert Kiyosaki was this month’s featured guest. As author of the Rich Dad, Poor Dad series, Kiyosaki has become successful by helping entrepreneurs achieve their financial dreams. Here’s a sample from the interview.
Why is it important to have mentors like SCORE particularly in turbulent times?
My “Rich Dad” told me long ago, “If you’re the smartest person on your team, then your team is in trouble.” That’s why I have my team of advisors. I count on them to bring a variety of talent and experience to the table whenever we look at a business venture. By surrounding yourself with a good team, you can directly affect the outcome of your future financial success.
Many businesses don’t review their numbers with their staff; however, numbers are the literacy of business, so how can folks function without seeing the light?
Share the Figures
At sweetriot we review our numbers at our weekly meetings (sweetings). I cover some of the topline stats like revenue and cash balance, then everyone has their own numbers report. This sets the tone that everyone owns the numbers and the well-being of the organization
This consistent transparency around status of the numbers leads to ownership, an openness about issues and team troubleshooting. When the retail outlook already looked tough this summer, we spent time as a team reviewing every P&L item and discussing ways to reduce operating expenses. Everyone owns the numbers and the well-being of the organization.
Share your numbers for ultimate ownership.