
The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich

- Don’t be the CEO or founder. Being the “CEO” or “Founder” screams start-up. Give yourself the mid-level title of “vice president” (VP), “director,” or something similar that can be added to depending on the occasion (Director of Sales, Director of Business Development, etc.). For negotiation purposes as well, remember that it is best not to appear
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
- How can you tailor a general skill for your market—what I call “niching down”—or add to what is being sold successfully in your target magazines? Think narrow and deep rather than broad.
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
- Contract outsourcing companiesfn4 that specialize in one function vs. freelancers whenever possible so that if someone is fired, quits, or doesn’t perform, you can replace them without interrupting your business. Hire trained groups of people who can provide detailed reporting and replace one another as needed.
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
you will need to try a lot to identify what pulls the most weight. Throw it all up on the wall and see what sticks. That’s part of the process, but it should not take more than a month or two.
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
It Should Take No More Than 3 to 4 Weeks to Manufacture.
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
Here are a few methods that I and other NR have used to reduce service overhead 20–80%: Offer one or two purchase options (“basic” and “premium,” for example) and no more. Do not offer multiple shipping options. Offer one fast method instead and charge a premium. Do not offer overnight or expedited shipping (it is possible to refer them to a
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The goal is come up with well-formed product ideas and spend nothing;
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
- The Customer Is Not Always Right—“Fire” High-Maintenance Customers
Timothy Ferriss • The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for “realistic” goals, paradoxically making them the most time and energy-consuming. It is easier to raise $1,000,000 than it is $100,000. It is easier to pick up the one
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