One of the greatest difficulties with those who start a business is that they often lack basic financial training.  This basic training answers the question, "How do I keep the money that I make in my business enterprise?"

Robert Kiyosaki, author of "Cashflow Quadrant," says, "There are three main types of business systems commonly in use today.  They are: (1) Traditional C-type corporations - where you develop your own system. (2) Franchises - where you buy an existing system. (3) Network Marketing - where you buy into and become part of an existing system. Each has its strengths and weaknesses, yet each ultimately does the same thing. If operated properly, each system will provide a steady stream of income without much physical effort on the part of the owner ... once it is up and running.  The problem is getting it up and running.

Every business owner dreams of the day their business "is up and running." The question that haunts them is; "What does it take to get things up and running while making enough money to keep the business and your life afloat?"  This is where basic financial education comes to play. Without basic financial education you will most likely make the wrong decisions.  So, what things do you have to know to make your business reach the state Robert Kiyosaki says provides a steady steam of income without much physical effort?

1. Learn the difference between assets and liabilities. (Liabilities cost you money every month, while assets put money into your account every month.)
2. Learn to build your business steadily, managing your expectations, and being very careful with regard to how quickly you can take money out of your business.
3. Learn to manage your marketing efforts, getting the most "bang for your buck."
4. Learn to plan for your growth and expansion.
5. Learn how to turn your net profits into passive income that will keep the money coming in even if you stop working.

It is said that you know that your business is truly successful when you can be gone from it for an extended period of time and return with it bigger and more profitable than when you left.  When your business grows with or without you, you move from the role of technician to the role of business owner!