I’m sure many of you aspire to operate in this quadrant after looking at a brief overview of the Cashflow Quadrant in a previous article. It’s important to keep in mind that not many people are successful in this quadrant. It takes more than just technical skills to become successful in the B–Quadrant. The good thing is that anyone can learn the skills required to become successful in this quadrant. What really determines your level of success is your desire – doing whatever it takes to become successful.
Many times when people say that they are going to start their own business they are just moving to the S–Quadrant which we explained in the previous articles. In the S-Quadrant you own a job i.e. you are still exchanging time for money like an employee. B–Quadrant business owners on the other hand own a system(s) that don’t require their presence and they still make money. They are able to go away on holiday for some months or even a year and still come back to find their business growing.
Some of the common B-Quadrant business owner characteristics are as follows:
- B-Quadrant business owners determine when and how much they want to work
- They hire the best people they can find to operate their business system(s)
- They are good communicators
- Have great leadership skills
- Can afford to go away for some time and their business keeps growing
Examples of such businesses are numerous – Econet Wireless, McDonald’s, Walt Disney Company, Facebook, etc. In many cases the business owner’s main job is to cast vision for his organization. The employees then carry out that vision by executing carefully crafted strategies from the hierarchy. I’m sure you now see how this quadrant is way better than the 2 we recently discussed. However, it takes a lot of sacrifice, hard work and desire to enjoy that level of success. It’s totally worth it at the end of the day.
What can you do to work towards becoming a B-quadrant business owner?
First of all ask yourself why you want to get into business. If it’s really just for the sake of money then it’s best not to get started at all. Getting into business is really about serving other people, about pursuing a mission. While one of the benefits of getting into business is making money it should not act as the primary focus for you getting into it. Your primary focus should be to serve and meet a need far greater than yourself.
The next thing you can do is research how you can add value to your target market as well as seek out expert advice on how to go about pursuing your business mission. Learning from people that have gone before can save you years of mistakes and money. It will take time but as long as you are consistent you will eventually make the transition and live the lifestyle that you want.
I hope you have enjoyed this article. In the next part we will go into the mindset of B–Quadrant business owners. Remember how we said people on the left-side and the right-side of the quadrant think differently from one another. We will go into more detail about their thought patterns.
Feel free to share this information with your friends and family on social media. Until next time,
Be all you can be!