Why Nine-tenths of Enterprises Fail

“The beginning is the most important part of the work.”

Plato

All business owners and even employees should think big and make plans for expansion. In order to start a job, a strong reason, in other words a source of motivation, is required. This part requires thinking big, and unfortunately most people fail at this step.

Ray Kroc, unlike most people, was able to think big and realize his plans. He got into the hamburger business. But if he had chosen another business, he would probably have done well there too. Many small business owners tend to keep their business small. Ray Kroc developed a system for his small business, then expanded his hamburger business into a huge company.

The triangle below is the one that Robert T. Kiyosaki often emphasizes in his books. The purpose of this triangle is to help focus thoughts and teach the eight main topics that will make a business successful.

Statistics show that, nine out of ten businesses fail in the first five years. Nine-tenths of businesses that can continue for more than five years end before they see the tenth year. Here is the 90/10 rule of money again.

Many business ventures fail because at least one of the eight sections in Kiyosaki’s triangle is weak or lacking in these ventures.

A Business Needs A Very Strong Mission to Be Successful

In the triangle, the “product” is uppermost; but it has the smallest area. The “mission” is at the bottom but is one of the three items with the largest area. Mission is at the base of the triangle. Undoubtedly, the most important item in this triangle is mission.

I’ve heard a lot of people who want to be entrepreneurs say, “I have a great idea.” These great ideas sometimes have a chance to come true. The world is full of great products that have failed. This is because the base of the triangle is not strong. When you ask those who want to be entrepreneurs about their mission, most of them answer you: “I’ll make money!” If the focus is on making money rather than enterprise, the result is likely to be disappointing.

Mission is the most important thing to the business. Mission is the soul and heart of a business. The lack of Mission, means the lack of power to tackle tough road to tread.

When the most successful businesses studied, you’ll see a well-based and solid triangle. Their mission is motivating, leadership is well executed, managers are competent and work in harmony, cash flow and finances are good, sales and marketing communication are effectively provided, the system established for employees works efficiently, legal documents and contracts are clear and understandable, and of course the product produced – as a result of all of them – very good.

The System Is a Major Difference Between Small Businesses and Big Businesses or Companies

Most of us can make more delicious burgers than McDonald’s burgers. But how many of us can build a better system? The system is a crucial difference between small businesses and big businesses. In small businesses, the owner of the business is the system itself. Things don’t work out in his absence. Many businesses operate in this way depending on people.

Big businesses and companies operate on their well-designed systems. Employees or leaders can change over time. However, thanks to the system, the same process continues. McDonald’s works the same all over the world.

When businesses with well-educated, high-salary, hardworking employees who still achieve little are analyzed, it is seen that these businesses depend on people. A system has not been developed for these enterprises. Even a business with well-educated and highly paid employees will fail unless there are well-functioning systems.Entrepreneurs are the people who have to build great racing cars. CEOs are the pilots of those cars. A great pilot can’t win a race with a bad car. There are very few people who produce racing cars and become their drivers at the same time. Bill Gates, Michael Dell and Steve Jobs are such people. We’ve seen these guys all building and driving excellent racing cars.

You may also read my THE DIFFERENCE BETWEEN YOUR WORK AND YOUR BUSINESS post if you are interested.

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Work in the Field You Wish to Work in

It is important to know yourself and your inclinations before taking a step on the path you are thinking of.

I know that some people’s gaze becomes dull when they see a formula or a graphic. Because they know it takes some time and effort to understand them. But those dull looks can turn into a joyful or even exciting gaze when it is realized how much cash flow and profit success can be improved thanks to understanding the graphics. This is a choice.

We all need to do some internal research to find out what we want to be and do. What if you realize one day that you are not living your life as you wish? If your own life isn’t yours, then whose? If you are not going to think about your own life, then who will think about it?

I hope we all chose which area we would like to do business in. It’s about having the vision and goals to make things happen and achieve success. It is difficult to change the status quo if necessary, but sometimes it is best to do so.

The right to choose is a freedom that we should all have. When I meet people, whose lifestyles are different from mine, I think of restaurant menus: There is something for everyone. And if what we’re looking for isn’t on the menu, we can always find another restaurant we can go to. After all, everyone has their own taste.

We can be very influenced by the people around us. It is not easy to get out of our comfort zone and do something different. We may need some time to be able to move forward our own way. But we can eventually manage to choose a path full of people and events that we really enjoy. This is like writing the screenplay for the movie we’re in. We enjoy writing, playing and watching it.

Imagine yourself writing the scenes of your life movie. What kind of scene would you like to act? I don’t think any of us would want to write scenes where he was doing unnecessary work or getting bored or poor. While such scenes are not fun to write, they will also be boring and depressing to act and watch. Give yourself the freedom to move towards the person you really want to be or the things you want to do.

I say “give yourself the freedom” because most likely you will be the one who gives yourself a chance. Many people want their status quo to continue. However, maintaining a position will not get anyone forward. You have the ability to take steps. Reading this post and this blog is a step towards change.

Life is a war. Make sure you fight well. Also, avoid empty and meaningless wars. Don’t live a worthless life and waste your energy.

Do not forget to write your own script. Then act it and see you live the life you desire. This is a freedom, this is a power, and that means winning in every sense.

If you want to make a change in your business, I recommend you to read my MAKE MONEY IN A BETTER WAY post.

Do you need to get motivated for your financial growth and getting rich? You can reach my other posts in motivation category here.

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Make Your Investments To Earn

People have three types of investment behavior:

  • Not investing at all
  • Invest in order not to lose
  • Invest to earn

People who do not invest at all expect the state, the company they work for or their families to take care of them after they retire.

Those who invest in order not to lose usually choose investments that they think are safe. This group constitutes the majority of investors.

Those who invest in order to earn, turn to higher return investments. They are more willing to invest, they research and learn more about investment.

The strange thing is that all of these people, regardless of their investment attitude, have the potential to become rich.

The reason many people invest in order not to lose is because they find the investment risky and compare it to gambling. In addition, almost all of them think they need to take more risks to get higher returns. However, there is not such a direct relationship between high risk and high return.

Raising money is a really fun game. However, most people live in fear instead of enjoying this pastime. Therefore, they take their steps cautiously. They make “safe” investments, cling to social security, and live below their possible standards. Millions of them are also bogged down in debt and live paycheck to paycheck. Although these people wanted to have fun, they did not learn to invest in order to earn. Therefore, they are not considered to have actually built a good life.

The 90/10 Rule of Money

Most of us have heard of the 80/20 rule. Now I want to tell you about the 90/10 rule. This rule is an always reliable practical rule that I also apply in my own life.

Very simply, in the money game, 10% of the players get 90% of the money. We know that 10% of the world owns 90% of the current assets. 10% of real estate investors hold 90% of the investments. One-tenth of these are also the ones with the highest wealth. The 90/10 rule also applies to specialties. For example, in basketball, 10% of all professional players earn 90% of the money.

The 90/10 rule also helped me decide which area to head to. For example, the reason why I did not choose to be a basketball player was that I thought I would not be able to enter 1 in 10 in this field. If you had seen me singing, you could understand why I am not a singer.

Ask yourself in which field or industry you can enter the 10%. Do you think you are in the 10% of your current job? If not, is it because of your lack of skills in your field or something else? This short conversation with yourself in front of the mirror will give you a lot. Just make sure that no one is around you while doing this…

I recommend you to read my SEIZE THE POWER OF MONEY post.

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Work in the Same Field But Earn More

A few days ago, my computer suddenly broke down. I immediately contacted a friend who understands electronics but is a student in a completely different field. My friend solved the problem in minutes with a video call. Listening to the sound of the case was enough for him to understand the problem. I was shocked.

The world is full of awake, resourceful, educated, and gifted people. We come face to face with them every day. On the road, in the market, in the movie theater, in the stadium… They are around us.

I am always surprised how little talented people earn. I recently heard that the proportion of Americans making $ 100,000 annually is less than 5 percent. I know smart, highly educated people whose annual income is less than 20 thousand dollars.

Someone who specializes in buying and selling medical supplies told me that doctors, dentists and physical therapists are facing financial difficulties. He said: “They are one step away from great wealth.”

Most people can manage to increase their income substantially if they add another to their skills: Financial intelligence is the synergy of accounting, investment, marketing and law. Making money is easier if you combine these four technical skills.

If my friend who helped me fix my computer had learned sales and marketing skills, his income would have grown tremendously. If I were him, I would research how I could do this business online and develop it. At the same time, I would improve myself in public relations. I would learn to reach the masses with free publicity. Ultimately, I would have more opportunity to profit from my own skills. In a short time, I would be one of the “best” in this area of expertise.

I suggest you look for jobs that will help you improve yourself. Before you decide on a particular profession and become a prisoner in a rat race, you have to decide what skills you want to learn.

Once a person gets caught up in a bill-paying cycle, they’re just like little mice spinning small metal wheels. They always run, but never go forward.

There is a lot of big talk in Jerry Maguire, in which Tom Cruise stars. Perhaps the most memorable line is: “Show me the money.” But there is another line that seems most realistic to me. The sentence Tom Cruise said when he left the company. He was fired and asked all the company members: “Who wants to come with me?”. But everyone is silent, almost frozen. A woman speaks only, “I’d love to come, but I’ll be promoted in up to three months.” she says.

Perhaps this is the most striking phrase spoken from the beginning to the end of the movie. It’s the kind of word used by people working to cover their bills. We all have someone around who studied for years and then got a job with an average salary. These people look forward to the hike they will receive each year, and they are disappointed each year.

I often ask everyone: “Where is this daily activity taking you?” I wonder if they too are looking where this hard work is taking them. What awaits them in the future?

I ask you too, do you think about your future or are you looking forward to the next paycheck without questioning where you are going?

Please let me know your situation and your thoughts below.

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The Difference Between Your Work and Your Business

The education system focuses on finding good jobs for young people by developing their knowledge-based skills. It shapes the lives around the salaries. After young people develop their interest-based skills, they move up the stages of education to improve their professional abilities. They are trained to be engineers, scientists, cooks, police officers, doctors, artists, writers etc. The skills they acquire allow them to join the workforce to earn money.

If you study cooking, you will become a chef. If you study law, you will become a lawyer, if you study medicine, you will become a doctor. The misconception of working in the same branch is that people forget to look after their own business. They spend their lives working in someone else’s job and making that person rich.

There is a big distinction between your job and your business. Everyone should have their own business.

To be financially secure, one has to look after his own business. Unlike your income column, your business revolves around your active column. As mentioned earlier, the first rule is to know the difference between active and passive and have active funds. While everyone cares about their income accounts, the rich pay their attention to their active column.

That’s why we hear them all too often: “I need time.”, “Oh, if I were promoted…”, “I need to work overtime.”, “Maybe I’ll get a second job.”, “I’ll quit for up to two weeks. I found a higher paid job. ”…

These ideas still related to the income column. A person provide financial security only if she uses her additional money to acquire income generating assets.

The main reason why the poor and the majority of the middle class are financially conservative and do not want to take any risks is that they do not have financial knowledge. They have to stick to their jobs. They tend to take firm steps.

For this reason, people with low income put themselves in serious financial difficulties. They sell their assets to avoid cash shortages. They start by selling their personal possessions, but the money they get in return is lower than what is written on their personal balance sheet. If they make a profit, then they pay the tax. Thus, the state gets its share of the earnings, which reduces the amount that will save them from debt. That is why the person’s net profit may be ‘lower’ than he thinks.

Start your own business. Keep working full time, but also avoid passives or personal items that lose their true value when you bring them home. Buy real active assets. A new car loses 25 percent of the price you pay as soon as you start driving. Even if your banker says your car is your number one asset, the car is not a correct asset. A trendy $ 400 basketball shoe equates to $ 150 at the first game.

Adults need to keep their spending low, decrease their passives and patiently create active funds. Parents should teach adolescents the difference between active and passive. Before teens leave home, get married, buy a home, have children, and buy everything on credit, they must begin to have active funds. Such as stocks, bonds, income generating real estates or copyrights from intellectual works like music, writings, patents and anything else that has value, generates income, or is ready to market and increases its value…

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Seize The Power of Money

Today, we all have a duty to manage the money wisely in our pocket. Of course there is no need to get a bachelor’s degree in economics to have this skill. In today’s world, what is taught in schools leads people to be slaves of money. But what we need to learn is to seize the power of money. Unfortunately, they don’t teach this in economics departments.

A university diploma cannot be a remedy for financial difficulties. Graduation is actually a beginning rather than an end. For sure, we need universities for being productive members of the society. However, these institutions do not teach people to manage money or control their economic fears. Therefore, they cannot guarantee economic satisfaction after graduation.


In fact, we are all “workers”. Let’s not waste our time trying to learn how to make bundles of money or thinking about it. What we need to do is keep control of our budget. When it comes to money, we shouldn’t be trapped by our fears or desires. No matter how much we earn, if we haven’t learned to cope with our fears and desires, then we actually live as high-wage slaves.

We must learn to use our fears and desires to our advantage. We must not let these emotions hurt us. What trapping people is their own negative emotions and ignorance. It is the biggest and most fundamental cause of poverty and financial difficulties. In other words, who are responsible for poverty is not the economy, the state or the rich.

What we need to do is learn to take advantage of our emotions and understand their influence on our thoughts. 

When our boss increases our hourly wages, our desires grow and we succumb to our emotions. Many people look forward to a pay day, a raise or authorization. There is no end to these expectations.

Our desires for what to buy will never end. A better phone, clothes, the latest model car or a bigger house… As our income increases, our desires increase and we always need more money.

Desire calls us, fear takes us out of the door, and we walk away without realizing it. This is the trap.

If we can see, we won’t get caught in the traps. If we keep our eyes open on the road, we will not fall into a trap. Being awake, aware, and conscious keeps us safe from many desires and fears. We have to be honest in determining what we really need. We must always continue our effort to know and understand ourselves. When we want to own something, we must try to find out why we really want that thing. These questions can save us from falling prey to our negative emotions.

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