Tim Ferriss in his book the 4 Hour Work Week talks about streamlining your work from managing interruptions, organising how you deal with email and how people contact you, setting their expectations with autoresponders so that you can use your work time productively. Having ‘trained’ everyone to be succinct and to the point when communicating with you, you free up time to create the vehicle that’s going to fund your mini-retirement. So what’s the vehicle going to be?
Tim Ferriss advocates delegating personal stuff to an outsourcer or Virtual Assistant, in pursuit of creating more time to work more efficiently remotely so that you can take a mini-retirement to pursue a dream.
In my previous blog post, I explored some issues of using overseas virtual assistants and why it’s a false economy to engage cheap overseas VA’s.
When you delegate it’s also important to first filter the tasks you are delegating so you are paying to get done what you need to get done and not waste resources because of laziness on your part.
Tim Ferriss’ introduces the concept of the 4 Hour Work Week to achieve a series of mini-retirements. It turns on its head the norm of working 30-40 years only to find at retirement, you’ve either not got enough money to live out your ‘retirement’ or you’re not in good health anymore, having slogged your guts out or worst still both!
My holiday reading this summer included Tim Ferriss’ The Four Hour Work Week, Escape the 9-5 and live anywhere and join the New Rich. The reason this book interests me so much is that Tim advocates outsourcing.
When do you know you are successful? Do you judge your success by the sheer turnover, the volume of sales or the number of clients you have on your books?
If you run your business efficiently you will no doubt have set targets and objectives each year and keep track of your incomings and outgoings then do the usual tally at the end of the financial period. But, is that really enough to determine your success? You may have made more money or gained new clients but has you business actually evolved?