TASK 1 A

TASK 1 A

                                            Robert Kiyosaki

Proactive

Proactive that had been defined by the Meriam-Webster dictionary is controlling a situation by making things happen or by preparing for future problems. It also means the ability to spot the opportunities. For the information, proactive personality has been found to be one of the prime predictor of entrepreneurial success. People with the strong proactive personality have a tendency to act or to think in a particular way towards taking intentional action to influence their situation and environment. This mind set focuses on the belief that you create your environment but it is not focused upon you without an opportunity to control it. Action and result oriented behaviour, instead of the one that waits for thing to happen and then try to adjust (react) to them. Proactive behaviour aims at identification and exploitation of opportunities and in talking peremptory action again potential problems and threats, whereas reactive behaviour focuses on fighting a five or solving a problem after it occurs. Becoming a successful entrepreneur requires many skills. One of the key components of being an entrepreneur is planning ahead. You need to know your business inside and out. There are many aspects that you cannot control in the real world and that is the reality of being an entrepreneur. However, you can maintain some control by being proactive. Being proactive means “Creating or controlling a situation by causing something to happen rather than responding to it has happened”. This is a vital skill in the entrepreneur world.

Taken for example is a famous businessman is

Robert Kiyosaki who is a seminal entrepreneur. Kiyosaki found international fame self-publishing the best-selling personal finance classic Rich Dad Poor Dad and has made millions establishing financial literacy programs to help others achieve financial independence. (Kiyosaki, 2016) One of Kiyosaki's first business lessons he learned from his Rich Dad was experiencing the “Rat Race”. His Rich Dad was able to achieve this by making Kiyosaki and his friend Mike work in one of his grocery stores for three hours for ten cents an hour pay. Within a couple weeks, Kiyosaki, grew tired of being exploited for labour, demanded that he receive a pay raise, but instead, his Rich Dad cut his pay and told him to work for free as a fundamental financial lesson. Kiyosaki and his friend Mike eventually learned the lesson later by starting a comic book library business. Kiyosaki learned of the opportunity through while working in his town’s general store stacking cans.

One day, he saw the manager trashing the previous month’s comics to make room for newer editions. Robert then took advantage of this opportunity by asking for old comics – still in excellent condition and then utilized the old comics to start his own comic book library in his friend’s basement. The comic book library soon became a neighbourhood success and Kiyosaki employed Mike's sister for $1 a week to manage the store. The comic book library soon boomed and Kiyosaki and his friend averaged $9.50 USD in weekly revenue. The comic library lesson later taught Kiyosaki the importance of starting his own successful business in order to take control of his own personal finances.

As conclusion, this may be the key to why some traders succeed over time, adapting to ever-changing markets, while others do not.  If a trader's primary motivation is proactive creation, then he or she will sustain innovation.  When we think of the great business leaders, they are not just entrepreneurs--they are serial entrepreneurs.  The rage to create ensures that great traders will remain creative, continually searching for fresh opportunity.  It's what traders do when they make money that reveals their capacity for long-term success. (Steenbarger, 2014)