Tim Ferriss Says, Work Less but Make More

in Forum: Selecting a Business for Yourself
Source of this discusssion: /media/episodes/3822/work-less-make-more.html Page description: Decreasing your hours can actually increase productivity. Tim Ferriss advocates the four-hour work week and talks to StartupNation Radio listeners about working less and making more.
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May. 16 2008 at 5:04 PM
dkbush65 Posted by: dkbush65
Great perspective Craig!  I agree with you that there's something to learn from Tim's 4-hour workweek concept.  It's really about managing priorities and keeping your eye focused on what Stephen Covey calls the "Urgent & Important" and the "Not Urgent & Important" opportunities and leaving the rest for when you WANT to do them (if at all).David Bush
CEO/Founder | eLifePlans.com
Helping Leaders Design and Live Extraordinary Lives
See My Blog at eLifeLeader.com

May. 20 2008 at 12:43 AM
nhgnikole Posted by: nhgnikole Sunbassador
dkbush65 wrote:
I've got a plan to launch a new time management system for entrepreneurs called "Half Day Work Day".  Pick any 12 hours out of the day you want to work and do so and the business has a good chance of succeeding!


This totally made me laugh. So true!
* Bad Habits
* A True "Lifestyle Business"
(from Small Business Essentials)

writing | marketing | web: NHG Consulting
May. 20 2008 at 12:46 AM
nhgnikole Posted by: nhgnikole Sunbassador
The problems I have had about Tim's methods is that he's basically training the people around him to accept a lower level of service from him. And that's just not in my business model - I'm in the business of being responsive to my clients' needs.

Not to say that I don't have my own alternative work week, because for me, my kids are very important right now. But, I still work it to be responsive to clients.

* Bad Habits
* A True "Lifestyle Business"
(from Small Business Essentials)

writing | marketing | web: NHG Consulting
May. 20 2008 at 11:28 AM
dkbush65 Posted by: dkbush65

I think what Rich said in an earlier post made a lot of sense.  If you love what you're doing you don't call it work.  I like the idea of pursuing a 4 hour work week where I only had to spend 4 hours (maximum) on the stuff I don't want to do.  I like Tim's concept of outsourcing the responsibilities to allow him to focus on what he WANTS to do instead of what he NEEDS to do.

I suggest every entrepreneur and/or executive create their "I don't want to do list".  See a copy of mine below just in case any of you can take on a responsibility or two off my list.

I'd love to outsource certain tasks to professionals who are better at it than I!

http://www.lifeplancommunity.com/media/files/DontWantToDo.do c

David Bush
CEO/Founder | eLifePlans.com
Helping Leaders Design and Live Extraordinary Lives
See My Blog at eLifeLeader.com

May. 23 2008 at 1:46 AM
No Photo Posted by: xericx
I liked the concept of outsourcing life, but to be honest, I actually like to work and close deals and just be out there in the world. Relaxing is fun, but it gets tiring after a while.  Even when I'm on vacation, I have virtual assistants doing work for me. 

What I got from that book is to outsource your menial tasks and focus more on the bigger things.

  

May. 25 2008 at 6:32 PM
No Photo Posted by: katt33
I think balance is the key.  One of the reasons I chose online retailing and will use a fulfillment center that takes care of many aspects of business was precisely because until now I have worked, worked, worked with no joy or enjoyment to show.  I want my time to be balanced to be able to work the business I love, but also to enjoy the things, like a spa day or weekend get away, a nice meal out when I feel like it and more.  If one can efficiently work less, delegate, still be on top of things, then one can enjoy life and not just work, work, work. Katherine Appello
May. 26 2008 at 8:21 AM
dkbush65 Posted by: dkbush65

Katherine - you seem to have gotten control of your life and you now have a pretty good system going.  Great job!  I've delegated quite a few tasks in my business but I still struggle with delegation of certain tasks due to the quality factor (I tend to think there's nobody better a customer service than myself) or because of the financial side of handing things off when you could do it and save a few bucks.  To get to the top I feel we have to continue to hand off the stuff we're competent at so we can focus on the things were' excellent and unique at in order to make it big.  This seems to be a leap of faith that's makes for a some hard decisions.  Are we supposed to grin our teeth and do the work until we're profitable or do we delegate everything except what we're genius at and focus on that to get profitable quicker?

What has helped you "let go" and "let others" do some of the more mission critical tasks and has it paid off for you to pay others to do it?



Edited by: dkbush65 - May. 26 2008 at 8:22 AM
David Bush
CEO/Founder | eLifePlans.com
Helping Leaders Design and Live Extraordinary Lives
See My Blog at eLifeLeader.com

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