Showing posts with label 4 hour work week. Show all posts
Showing posts with label 4 hour work week. Show all posts

The 4-Hour Workweek, Expanded and Updated: Expanded and Updated, With Over 100 New Pages of Cutting-Edge Content. Review

The 4-Hour Workweek, Expanded and Updated: Expanded and Updated, With Over 100 New Pages of Cutting-Edge Content.
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The title and cover draws people in. 4 Hour Work Week, it's too good to be true. Then we read the first couple of pages, maybe the first couple of chapters. The first chapters are the typical motivational, "you can do it" montage. I'm not going to lie, I felt motivated to give this book a try after reading the first part of the book without even knowing what this book is all about. But as I began to get out of the fluff, and actually found myself reading the core subject of the book, I was utterly disappointed. D is for Definition
In this section Ferriss tells us to do an important task: define what you want. And I agree that most of us live through life not knowing what we want; just following the crowd like a herd of sheep. This section was the motivational, make you feel good section. This wasn't the how, it was the why, and it downright made me pumped.
E is for Elimination
Okay, so he basically says to eliminate all the junk in your life. For example: watch less TV, don't check your e-mail 50 times a day, don't look at your phone 100 times a day, don't surf the web 3 hours a day, etc. It's all good advice, nothing too fancy, or new, just plain old, "don't waste your time" advice. So far so good.
A is for automation
This is where I ran in to problems with Tim's method of creating a "4 hour workweek". First he tells us to outsource a big chunk of our lives using a VA (virtual assistant) from India or Shanghai or wherever. Basically a virtual assistant is a person who assist you in everyday task (checking emails, making reservations, doing research for your job that you got hired to do,set up appointments, etc) so basically an online-personal assistant you hire for dirt cheap. So if you are okay with some guy in India knowing your personal information (SSN, bank account number, phobias, any illnesses you might have, problems in life, and many more as Ferriss states) go ahead and outsource the things you can already do yourself to a guy in India you never met. But Ferris says that misuses of sensitive information are rare; well there could be bias behind that statement, but I'm not willing to find out if it's true or not. The irony of oustourcing your life is that you become dependent on your VA. You no longer have the urge to take control of your own life when it comes to paying bills, making reservations, or doing research for your job because your VA does it for you. So that's the paradox: out source your life, but become more dependent on a foreigner. And Ferriss quotes Ralph Waldo Emerson throughout his book as a motivational spice. But it's apparent that he never read "Self Reliance", the cornerstone of Emerson's philosophy. (Tim if you're going to use Emerson's words, how about not making a book that totally contradicts the philosophy of Emerson? Thanks).
A is for automation Pt. 2
Ferriss then goes on to tell us how we can make up to 40,000 dollars a month of automated income (little work). Basically you create a product and sell it. Plain and simple. He tells you to find a market, find the demographics of your product, make a product and sell it. Yup, your average entrepreneurship. It's nothing new, and Ferris is not an expert entrepreneur. He did have a company BrainQuicken which sells "Neural Accelerator" supplements. The site is 99% advertising and 1% scientific: It sells because it's precisely that. And the product that Ferriss started is not something revolutionary, I'll take my 200mg of caffeine before a workout any day than pay 50.00 dollars plus shipping for BrainQuicken. So if you want to make your own product, market it, sell it and make millions of dollars go ahead. Tim tells you exactly how, but what Tim doesn't tell you is that it takes a lot of work in the beginning, a lot more than 4 hours a week.
L is for Liberation
More like L is for not showing up to work, and being cynical. Now I'm against the 9-5 hours of work. I think that human beings are more efficient enough to get things done in a short period of time, and I believe that society is slowly catching on. But here's Tim's idea of "liberation". Escaping the office: not doing your job or worse, not showing up. Killing your job: quit your job. Mini retirement: take a month vacation every 2 months of work (or pattern that works best for you). Filling the Void: filling in the emptiness and the boredom you feel with fun stuff like becoming a horse archer, learning tango, and winning a fight championship by cheating.
So okay, let's say everything goes well: you are making 40,000 dollars a month, you are working no more than 4 hours a week... now what. Even Ferriss says that you will feel a void... well that sucks doesn't it? Why don't you go and talk to your VA about your problems?
Now obviously I'm against Tim's advertising methods, it's misleading. The book only sells because of the hope it gives 9-5 workers that it's possible. Oh, it's possible but unlikely. Tim is no Bil Gates, Steve Jobs, Warren Buffett, or Clint Eastwood he is nowhere close to them. You see great testimonials from people from Yahoo!, Wired, Silicon Valley, and hell, from Jack Canfield about Tim's book, but not from people like Gates, Jobs, Buffett, Eastwood, or any other highly successful people, why? Because those four know that true success comes from years of hard work, and building lasting relationships with people. Those four know that decreasing your work hours, outsourcing your life, and making a tons of money is not the road to true happiness. Those four people, even if they read this book, will probably throw it in the fire. But for the cynical, "how do I work little and make tons of money" people out there (which is most of the population) this book will initially look like the next Bible. The fact that this book sold well says a lot about our society.
This is a misleading book, there are tons of other great books you can read for true success: Talent is Overrated (no BS way how people become great at what they do), 7 Habits of Highly Effective People (classic), and How to Have Confidence and Power in Dealing with People... to name a few. Very few will read this review before buying, and more copies of this book will sell due to the cynical and lazy nature of people. Don't be one of those people, don't buy this book.

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More than 100 pages of new, cutting-edge content. Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, The 4-Hour Workweek is the blueprint. This step-by-step guide to luxury lifestyle design teaches: •How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week•How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want•How blue-chip escape artists travel the world without quitting their jobs•How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist•How to trade a long-haul career for short work bursts and frequent "mini-retirements"The new expanded edition of Tim Ferriss' The 4-Hour Workweek includes:•More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point•Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal•How Lifestyle Design principles can be suited to unpredictable economic times•The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either

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No B.S. Ruthless Management of People and Profits: The Ultimate, No Holds Barred, Kick Butt, Take No Prisoners Guide to Really Getting Rich Review

No B.S. Ruthless Management of People and Profits: The Ultimate, No Holds Barred, Kick Butt, Take No Prisoners Guide to Really Getting Rich
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I've been reading Dan Kennedy's stuff and attending his seminars for years but I have to say I was shocked at how blunt this book is. Kennedy won't make any friends among employees (and vendors) who don't understand that they are zebras (you'll have to read the book to see what that means) and that the sole reason that the person running the show (biz owner) has a business in the first place is to make a profit.
Kennedy has little time for whiners who complain that the minimum wage isn't high enough or that employers should learn how to "handle" persnickety employees so that the employee "feels good."
Rather, Dan's blunt point is that business owners take too much crap from employees and their crying and as a result, are being robbed blind by most of them.
When you start to read this book you'll probably say "well, this doesn't happen in my business" but as you go through the book, detailed example by detailed example, I can guarantee that you (biz owner) will see yourself and one or more of your employees/vendors somewhere.
The book is not all negative. In fact its filled with great ideas to get maximum productivity out of those who you choose to allow to work with you. It all starts, though, with remembering that the only reason that you should be running a business is to make a profit for yourself. Start there--otherwise go get a job and work for someone else.
With that as the premise, why in the world would you let your employees steal anything from you. He's not just talking about a case of Coke out of the bag room, or something obvious as money out of the drawer (though he does have examples in the book of that) but stealing your money by being unproductive (or worse--like actually trying to bury your business.
I recommend this book 100% for all business owners, but especially those small business owners. It comes with a CD which is a very good interview that Lee Milteer did of Dan Kennedy about Ruthless Management of People and Profits.
I do think that some folks will be fired after the boss reads this one.. but Dan has recommendations for them, too. Like: get more education,hang out with winners; understand that while there is no place like the United States for opportunity, the world owes you NOTHING.

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Time Off From Work: Using Sabbaticals To Enhance Your Life While Keeping Your Career On Track Review

Time Off From Work: Using Sabbaticals To Enhance Your Life While Keeping Your Career On Track
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Curious about taking time off from work? This book provides great advice and inspiration on doing it. It's very similar to the book Six Months Off (see my review of that one), and you'll need to make the decision between them or decide to read both. I found that Six Months Off provides more ideas on what to do during your time off, especially terrific programs that would enhance both your life and professional resumes. Time Off From Work provides better coverage of the before and after concerns. Both do a great job of providing real-life case studies of people who've done it. In fact, the author of this book even covers one of the co-authors of Six Months Off as an example. In short, if you're stuck on the how's and why's then read this book; if you're convinced you want and can manage to take a sabbatical but don't have a clear idea of how to make the most of it, then read Six Months Off instead.

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A sabbatical may be just the change you need. More and more men and women are successfully taking an extended break from their jobs--a sabbatical. Once the exclusive preserve of academics, sabbaticals are revitalizing today's business world. Recognizing that the decision to take a sabbatical is a major step, Lisa Rogak mixes a wealth of practical how-to facts and advice with the real-life stories of over forty professionals detailing every aspect of the process. Whether you want the time off to travel, explore other careers, discover new interests, go back to school, stay with your family, do volunteer work, or simply slow down and recharge your batteries, you'll find information on:* Approaching your boss and negotiating the leave you want* Turning your sabbatical into a career asset* Determining your eligibility for the Family Medical Leave Act* Financing a sabbatical creatively* Preparing and planning to get the most out of your time off* Troubleshooting a sabbatical that's not working out* Adjusting to the workplace once your sabbatical is over

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FT Guide to Strategy: How to create, pursue and deliver a winning strategy (4th Edition) (Financial Times Guides) Review

FT Guide to Strategy: How to create, pursue and deliver a winning strategy (4th Edition) (Financial Times Guides)
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After reading Koch's "80/20 Principle", I was convinced that he's a mind of his own. His non-conform thinking and writing is extraordinary. Had I only read this book on Strategy before entering my MBA, business school life would have been much easier. Koch's book on strategy is a foundation book, covering the crucial basics for "understanding" business strategy (roughly 80%). It helps espcially the student of strategy not to get (too) confused by providing basic understanding what business stratetgy is all about. The chapters:
INTRODUCTION Koch states wonderfully the use and abuse of strategy and the swings in strategic thinking.
BUSINESS UNIT STRATEGY A do-it-yourself guide with excellent examples.
CORPORATE STRATEGY Very critical Mr Koch argues about the value creation of corporate strategy.
STRATEGIC THINKERS A guide to some of the most useful and important 40 strategic thinkers and their ideas.
STRATEGIC CONCEPTS, TOOLS AND TECHNIQUES An A-Z glossary. The key words (or rather Consulting & MBA buzzwords)used in the world of strategy.
STRATEGIC SHIFTS IN THE 21 CENTURY Forward lookin Koch claims that the tools of strategy are particular valuable for understanding and exploiting shifts of increasing returns, networks, and the net in our new century.

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How to use strategic planning; includes an overview of key areas, tools and techniques.--This text refers to an out of print or unavailable edition of this title.

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One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work Review

One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work
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I really like this book because it has opened up a whole new avenue for me, and showed me with simple descriptions all the areas where I was doing it wrong. I almost felt stupid that I did not know about provisional patents. I thought the only way to protect your ideas was the traditional patent route, and the 10-20 thousand dollars that route can cost. I did not know that a simple provisional patent, that can be filed for $110 would give me even more protection than a patent the first year I filed it. And that I could get a company to pay for my patent when they license my idea! How can you not love this book?
Stephen Key walks you through the steps of taking your idea from birth all the way through getting some company to send you royalty checks every quarter. You come up with the idea, then follow the steps laid out to getting paid for that idea. You do not need to have really brilliant ideas either. A simple product improvement can be licensed. A manufacturing change can be licensed. A procedure change can be licensed. The list is pretty endless in regards to what you can do. Can you take an existing product, change it slightly, and use it for some other non-related use? Yes you can, and you can get paid to do it!
Here is how this book will help me. I started writing ideas down in a small five inch notebook on may 4, 2004. I date all the ideas, my memory is not that good. I have 7 of these notebooks filled with ideas, changes, upgrades, etc. I take notes on a voice recorder in my car because ideas always pop in my head while I am driving. I know a lot of people get ideas in the shower, but I was on a nuclear submarine a long time ago and got in the habit of taking very fast showers because we can't waste water. So my shower time is very fast and focused, no time for ideas, but driving really works well for me. The positive side of that experience is that many of my ideas relate to saving resources.
I looked through all 7 books this week. My old thinking told me many of these ideas need an expensive, and time consuming patent. Now that I know about provisional patents I am looking at these ideas in a whole new light. I came across 19 ideas that I can follow up with right now. Then there are many more that need some more thought, and quite a few that are already on the market. Someone that knew how to market them beat me to the punch. That will not happen again.
According to Stephen, licensing is a numbers game. You will not get every idea licensed, it is better to be prolific. With the details he gives in this book I am confident I can research the market, protect my idea, target specific companies, create a "sell sheet" and benefits statement, and approach my targeted companies to start discussing a licensing partnership.
If you have ideas that you think can make money, you need to read this book. I normally read a book once, but I have read and reread many chapters in this book. It is an excellent guide which I am positive will make a difference in my life. I look forward to one day meeting with Stephen and thanking him in person.

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Turn your one simple idea into millions—without lifting a finger!
"Mr. Key's brilliance, wisdom, and insight will make you rich. Buy this book!"—Mark Victor Hansen, bestselling author and co-creator of the Chicken Soup for the Soul® series

"Stephen Key has written a book overflowing with the all-important information that inventors need: a step-by-step guide through everything that goes into a successful product introduction."—Gary Dahl, Pet Rock® inventor

"A terrific guide for anyone who wants to be a successful entrepreneur."—John Osher, innovation guru who created SpinBrush®, Stretch Armstrong®, Spin Pop®, and Quattro® Titanium Trimmer Razor

"Tired of working for corporate America? Tired of living paycheck to paycheck?One Simple Idea can teach you how to add a few zeros to your income. Buy this book and live your dreams now!"—Kevin Harrington, infomercial king and featured investor onMark Burnett's Shark Tank

"Stephen Key turns conventional inventing ‘wisdom' on its head and clearly outlines how anyone can earn a meaningful income with One Simple Idea."—Tamara Monosoff, founder of Mom Invented® and author ofThe Mom Inventors Handbook and Your Million Dollar Dream

"Whether you are a creator or a connector, this book will help you turn your ideas into a fulfilling, profitable career. Read it and WIN!"—Patrick Lonergan, former vice president and general manager, Johnson & Johnson, and president/partner of NUMARK Laboratories, Inc.

About the Book:

For as long as you can remember, you've had a dream. You've longed to see your product idea come to fruition so you never have to work for anyone else again.

Stephen Key has been living this dream for 30 years. The developer of such lucrative products as Michael Jordan's WallBall®, the Spinformation® rotating label, and HotPicks® guitar picks, he knows better than anyone how to make a great living as an entrepreneur. Key develops ideas for new products, licenses them out, collects royalty checks, and doesn't look back. You can do it, too. All you need is One Simple Idea.

In this book, Key reveals the secrets that helped him and thousands of his students—including bestselling author Tim Ferriss—turn their creativity into a passive income generator by "renting" an idea to a company, which takes care of R&D, production, marketing, sales, accounting, distribution, and everything else you don't want to do.

You'll be amazed at how simple the process of licensing an idea for profit actually is. Key explains how to:
Keep your ideas safe—without spending time and money on a patent
Be your own boss—without formally opening a business
See your product go to market—without footing a dime in expenses
Make potentially big money—without quitting your day job

The age-old business assumption that ideas must come from within organizations has been shattered. From global corporations to small businesses, companies have become so confident in outside entrepreneurs that licensing is now a $500 billion industry. Businesses need "freelancers" like Key—and you—to provide creative, marketable ideas for new offerings.

With One Simple Idea, there's no prototyping, no patents, and, best of all, no risk. You can make the system work for you—rather than the other way around.


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