Tuesday, August 14, 2007

Our weekly 7:30am Round Table Meeting


There are a lot of changes going on at Rich Dad.

In order for the company to expand and get bigger, the core of the company must tighten up. As John Sieferth (our IT person at Rich Dad) put it: The "washer and string exercise" is a perfect visual for what is happening and why.

1) Tie a washer to the end of a piece of string
2) Hold the string in one hand allowing the washer to dangle about 3-4 inches
3) Begin to swing the washer in a circular motion

The first thing you'll notice is that the center (your hand) must remain in a very tight circle in order to keep the washer in its orbit.

That is what is happening here at Rich Dad. With the team expanding exponentially - Franchising, Rich Dad's Coaching, Rich Dad's Education, international publishers and partners, etc - it is absolutely critical that the center of the organization become tighter and tighter. We must establish structure, standards, guidelines, accountability, consequences, and rewards in order to keep this organization moving in the right direction.

More on this as the details unfold... go to the Rich Dad's Underground

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