B-I Triangle: A lesson from Robert Kiyosaki

Have you ever heard of B-I triangle? This is a grahic created by "rich dad" of Mr Robert Kiyosaki as the key of sucessful business. Do not know who is Robert Kiyosaki? Feel free to visit his website. After reading his few books, I think the triangle is best used to illustrate the most important elements of one business (sorry that I do not have the copy of the triangle here). There are 7 major elements within the triangle:-

Outer elements surrounding the triangle which is the frame of the triangle (I would say is the basis of the creation of a business):-

1) Team - you must have a strong team members to complete different tasks in order to run a business.

2) Leadership - you must have good leader to drive the company to successful path. He/she is the who who responsible to communicate the goal to the team members, make correct decision for the company and know how to solve a problem / make instant decision when something happen.

3) Mission - it is the true purpose of a company, if you do not have a mission for a company, don't start the business.

Elements within the triangle (those are elements that determine whether a business is successful or not):-

1) Product - no need to say, this is what you intend to sell to your customer. It can bea tangible thing or intangible service. This element covers how you manufacture the product until the pricing of the product.

2) Legal - this element deals with with license to operate a business, trade mark, copy right, etc. Robert Kiyosaki described this as an important element. If you fail to notice or pay attention to this element, it may be an expensive experience to you. For example, your product may be copied by other companies OR you may have manufactured something prohibited by the law which causes the closure of your company . A lawyer can be employed to take care this element for a business.

3) System - this indicates how your company operates. All the system should be clearly defined and workable. It is recommended to have a office manuals for all the departments clearly define the responsibility and authority of each departments.

System can also means systems for pricing a product, invoicing, manufacturing, delivery, etc.

4) Communications - this refers to how ideas / decision / mission can be transmitted to others. This is the main role of leader of the company. For a successful business, a good communicator is a must.

5) Cash flow - the is important for a business as that determines whether or not a business can be continued. Financial statement should be produced and reviewed from time to time to identify any financial crisis for the company. An accountant is important to make sure the element is taken care of.

Wish to know more details? You can buy Robert Kiyosaki's books at his website.

What you need to do for a successful business

What you need to do for a successful business? Here is a list that provides you insight for things that need to be done constantly:-

1) Seek out new information and use it to improve business skills.
2) Improve presentation skill for ideas (written, face-to-face, over the telephone).
3) Prioritize and maintain an effective schedule based on time and resources available.
4) Use an effective decision-making process for all key business issues.
5) Seek advice from business experts.
6) Find out what the biggest challenges to the business are, and work to fix them.
7) Write systems and processes in place that allow for delegation of some day-to-day duties.
8) Take responsibility for your own decisions.
9) Be passionate about the business.
10) Write a business and marketing plan and review it frequently.
11) Be committed to becoming a student of business and marketing.
12) Find out the greatest strengths and weaknesses of your self and the employees.
13) Be committed to investing time, effort and focus to learning better ways to improve sales, profits and performance.
14) Actively seek out strategic partners.
15) Be ready and prepared to invest the necessary resources (time, effort, money) to build the business.
16) Do not put off until tomorrow what need to be done today.
17) Seek and accept constructive feedback.
18) Gain respect from people in the industry, market and community.
19) Have a well-thought-out and communicated business vision.
20) Conducts weekly training sessions with employees.
21) Adjust, improve, or replace areas or activities whenever established performance levels are not met.
22) Find out where to locate information on the target market and do so regularly.
23) Write business personal and business goal and review it frequently.
24) Value the business coaches and/or mentors.
25) Do what need to be done today but maintain a long-term perspective on the business and personal life.
26) Promise only what can be done and delivered.
27) Understand no person is an island and no one can run business alone.
28) Understand the importance of sticking to a plan but remaining flexible.
29) Have work ethic which is consistent with the business goals.
30) Always try to find the good in situations and people.


Constantly do the above things and you will find your s business improving. Good luck!