by Tim Ferriss---
Book Report is a series where Tricycle Creative shares interesting and informative content from the books we’ve read.
Time + Money.
Two things that all business owners wish that they had more of. But what if you could spend less time in your business but generate more money? Or, completely redefine how you use your time so that your money goes towards you happiness instead of your business?
4-Hour Workweek: Escape 9-5, Live Anywhere, and Join The New Rich introduces answers and action plans related to these questions and more.
By working faithfully eight hours a day, you may eventually get to be a boss and work twelve hours a day.
-Robert Frost, American poet and winner of four Pulitzer Prizes
The core of this book are solutions and action plans to reduce your workweek to just 4 hours. This is accomplished through the use of outsourcing and delegation of work to virtual assistants, expectation setting, and time management.
On Daily Task Management:
There should never be more than two mission-critical items to complete each day. Never. It just isn’t necessary if they’re actually high-impact. If you are stuck trying to decide between multiple items that all seem crucial, as happens to all of us, look at each in turn and ask yourself, If this is the only thing I accomplish today, will I be satisfied with my day?
On Life Goals:
For the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?”
Check e-mail twice per day, once at 12:00 noon or just prior to lunch, and again at 4:00 P.M. 12:00 P.M. and 4:00 P.M. are times that ensure you will have the most responses from previously sent e-mail. Never check e-mail first thing in the morning. Instead, complete your most important task before 11:00 A.M. to avoid using lunch or reading e-mail as a postponement excuse.
On Productivity + Time Management:
Effectiveness is doing the things that get you closer to your goals. Efficiency is performing a given task (whether important or not) in the most economical manner possible. Being efficient without regard to effectiveness is the default mode of the universe.
Even if you’re suspicious of how (or if) this could work for you and your business, 4-Hour Workweek is required reading for any business owner or entrepreneur because it at least gets you thinking about how to get your business running without you being the central cog of the machine. That way you can focus on the big picture aspects of the business instead of being bogged down in the day-to-day.