BookYol

Concept

Owning a system

Owning a system is Kiyosaki's description of the B quadrant: a business owner earns from a system of people, processes and customers that keeps working when the owner is away, which is what separates owning a business from owning a job.

Kiyosaki's business owner is not defined by size or by a title on a card but by one property: the business runs without them. The owner's work is to build and improve the system, hire people more capable than themselves in each area, and keep the direction clear, rather than to do the daily work. He argues that this is where much of the large wealth in the world is made, because the owner's income is no longer limited by their own hours. For a small business the same idea applies on a smaller scale: written procedures, a trained team, a steady stream of customers that does not depend on one person's network, and numbers the owner checks every week. Building this is slow and not guaranteed; most new businesses fail, and a system takes years to mature. The honest version is not "become a B overnight" but "make each month's business slightly less dependent on you than the last".

A real-life example

Cem owns a cleaning company in İzmir with six staff and still takes every booking call himself. He sets up an online booking form, writes a checklist for each job type and makes his most experienced employee responsible for scheduling. Within three months he spends his time on new contracts instead of the phone, and the company takes bookings while he is on holiday.

How to use it

  1. 1List the tasks only you can do in the business today.
  2. 2Turn one of them each month into a written procedure that someone else runs.
  3. 3Track one weekly number that tells you whether the system works without you.