The right hand side of the quadrant.
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I mentioned in the previous article, ‘The left hand side of the quadrant’, that Robert Kiyosaki of Rich Dad Poor Dad fame, would place a Bed and Breakfast business in the left hand side of the quadrant under S for self-employed and not in the B quadrant on the right hand side. Why is this? Because he sees a B business as much larger than a single Bed and Breakfast; B business would be a large franchise chain. A Bed and Breakfast could only make it to the right hand side through franchising the operation. Of course this can be done and I believe it already has to some extent in Tasmania and New Zealand.
But there is more that is truly revolutionary. B business owners can walk away from their businesses for 12 months or longer and find them still operating when they get back as efficiently as when they left or more likely bigger and better. If you are anything like me your first thought is likely to be but that is impossible or the man is crazy. If I walked away from my Bed &Breakfast business for 1 month, never mind 12 months, it would be in disarray by the time I got back. Could this be why the Bed & Breakfast is classed as belonging to the left hand side as self-employed whereas a B business is a completely ‘different kettle of fish’? Yes, it is just that, and most of us do not realise this.
A large B business would be McDonalds or Microsoft which just keep growing. For most Bed & Breakfast owners it is out of our league unless we franchise or open up another avenue in tandem with the Bed & Breakfast. It is this avenue which I shall look at now.
Forming a co-operative amongst Bed & Breakfast owners can be a good way of keeping costs down for surface cleaners and washing powder, but it can also lead to much more than that. As the co-operative expands so you can find yourself with a B quadrant business which will tend to take on its own momentum as more people introduce others to the co-operative.
You can form your own co-operative, as wine producers do in various parts of the world, or plug into an existing one. I have joined Network 21 which Robert Kiyosaki describes as the best in network marketing businesses and possibly the perfect business for the development of a B quadrant income that you can eventually leave whilst it still keeps growing exponentially. Something to retire to if you get too old to deal with the breakfast making, cleaning etc. in the Bed & Breakfast.
My wife and I have built a small network of Bed & Breakfast owners around Brisbane and Mt. Tamborine and you can do the same. It only requires you to go around Bed & Breakfasts in your locale and introduce the idea to the owners. Network marketing is a part of the new economy and as a business model is growing at a huge rate. If you wish to join please contact me and I will forward you the values, vision and mission statement of the co-operative; only serious players please.
References
Kiyosaki, R.T. (2005). The Perfect Business: An interview with Robert Kiyosaki. Momentum Media: VideoPlus, Inc. Cashflow.
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