What hot, new pastime is inspiring entrepreneurs to launch businesses?
A business-based board game is actually inspiring entrepreneurial startups. Ed Patisso is just one of many who have launched businesses after playing Cashflow 101, which was created by Robert Kiyosaki, author of the book Rich Dad, Poor Dad. Some entrepreneurs are finding the board game, which teaches financial principles for accounting and investing, can create wealth-and not only in a Monopoly-money kind of way, but in real-world dollars.
Patisso, for instance, founded American Real Estate Equities in Mineola, New York, after playing the Cashflow game. The company, started in 2002, offers solutions for homeowners in pre-foreclosure, mortgage financing and real estate services. "[Cashflow 101] supplied the missing link," Patisso, 30, says. "I'd taken accounting courses in college, but there's nothing like how the Cashflow 101 game is structured-it helped me learn to manage risk. [Before I played], I didn't really understand a balance sheet or income statement." Patisso, who still plays the game often with gaming and business community group NYC Cashflow, expects his sales to hit $250,000.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!