Any serious real estate investor that has read the Rich Dad books by Robert Kiyosaki, or many of the other quality educational materials available on real estate investing – has probably noticed a recurring theme:

Have a “Power Team” of professional advisors if you want to build a big, successful business.

Robert Kiyosaki often talks about how his Rich Dad would meet with his attorneys, accountants, insurance people, bankers and other essential business associates/service providers to help him prepare, plan and execute his vision of building wealth.

Since Rich Dad, Poor Dad came out in 2000, I’ve noticed an increasing trend of people of experts advocating that you have a your “team” put together. That is, in order to build a successful business, you should have on your speed dial:

• an attorney – a real estate attorney if you’re a real estate investors
• a corporate/contract attorney
• a bookkeeper (to keep your records straight)
• a CPA or tax attorney
• an insurance agent/broker (to help you identify and reduce risks)
• a banker
• a mentor or advisor

There are probably some others that I’m leaving off this short list.

One big question is: is it really necessary to have this power team to build a successful business?

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