Rich Dad’s Entrepreneurial Lesson #10
Know When to Quit.
Rich Dad’s Before You Quit Your Job by Robert Kiyosaki
Chapter 10
The Summary
Knowing When to Quit
That you do not like your job is not a reason to become an entrepreneur. It may sound like a good reason but it is not a strong enough reason. It definitely lacks a strong enough mission. Although almost everyone can become an entrepreneur, entrepreneurship is not for everyone. There is an old saying that goes, “Winners never quit and quitters never win.” Personally, I do not agree with that saying. It is too simple. In my reality a winner also knows when to quit. Sometimes in life, it is best to cut your losses. It is best to admit you have come to a dead end or to admit you have been barking up the wrong tree. In my opinion, a quitter is someone who quits simply because things have gotten tough. I have been a quitter many times in my life. I have quit diet programs, exercise programs, girlfriends, businesses, books, studies, and so on. Every year I make New Year’s resolutions and quit. So I know what quitting is and that I am a quitter. One of the reasons I did not quit my process in becoming an entrepreneur was that I really wanted to be one. I wanted it badly. I wanted to enjoy the freedom, the independence, the wealth, and the ability to make a contribution to this world that a successful entrepreneur has. In spite of how badly I wanted to become a successful entrepreneur, the powerful concept of quitting was always right in front of me, holding the door open. It would have been easy to quit when I was out of money and owed a lot of money. It would have been easy to quit every time a creditor demanded payment. It would have been easy to quit when the tax department let me know that I owed more in back taxes. It would have been easy to quit when a project failed or a potential partner walked out of the deal. When things were tough, quitting was always lurking nearby, just a handshake away. For me, becoming an entrepreneur is a process, a process I am still in. I believe I will be an entrepreneur in training till the end. I love business and I love solving business problems. There have been times I have cut my losses, shut a business down, changed directions, but when it came to the process of becoming an entrepreneur, I have never quit—at least not yet. It is a process I love. It is a process that brings me the kind of life I want. So although the process has been tough for me, it has been worth it. Also, that it was tough for me does not mean it needs to be tough for you. One reason for writing this book is that I want to make the process easier for anyone who is about to start the process or is already in the process. Before ending this book, I thought I would leave you with one little thing that kept me going. It was the glow in the dark, even in the darkest of hours. I had a little piece of paper taped to the base of the telephone in my office at the wallet company. That little piece of paper came from a Chinese fortune cookie. It said, “You can always quit. Why start now?” There were many phone calls I had to handle that provided me with more than enough reason for me to quit. Yet after hanging up the phone, I would glance at the words of wisdom from the fortune cookie and say to myself, “As much as I want to quit, I won’t quit today. I’ll quit tomorrow.” The good thing is, tomorrow never came.
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