Showing posts with label entrepeneur. Show all posts
Showing posts with label entrepeneur. Show all posts

Sunday, July 25, 2010

The 4 Hour Workweek


This is an excellent book for the entrepreneur at heart. It's a story about a man who created the ideal business system. Timothy Ferriss explains how he created a company which he owns and spends less than 4 hours a week operating. How is that possible you say? Well it didn't happen overnight and at the beginning he did have to work hard building it up. But once he had good systems in place, the company pretty much ran itself.

Timothy started a company selling body building supplements. He advertised in the back of fitness magazines and carved out market share in a niche market. His product was quite specialized and that meant he was catering to a very specific customer base. He started a website that was able to automate the ordering process, outsourced all the frequently asked questions to a call center in India and gave a few managers authority to handle any complaints under $100. There are a couple other tips, but with those main business systems in place he was able to widdle down his work week to a meager 4 hours! This gave him time to travel, develop new businesses and train for his professional kick boxing career.

Timothy's writing style keeps the story engaging, although he may appear arrogant at some times. He presents good ideas and gives a concrete example of a supremely efficient business model. We can all learn a lot from the way he built his business and took advantage of modern technology. The book is short so give it a read. When your work week is down to 4 hours drop me a line!

Thursday, June 24, 2010

Start Small

Building wealth is not just about saving money, but also trying to increase your income. Besides asking your boss for a raise which might lead to you getting fired, it may be best to start your own business. Starting your own business can be risky but if successful the rewards would be worth it. I recently read a great book written by a co-founder of the Subway restaurant chains. He initially wanted to earn some money to pay his way through college. When a family friend offered him $1000 starting capital to invest in his first shop, Subway was born. With little starting capital he was able to build a sandwich empire. This book is not only about the Subway story but also includes several other entrepreneurs who started with a small idea. It is very inspiring and worth reading.


The book is entitled: Start Small, Finish Big: 15 Key Lessons to Start--and Run--Your Own Successful Business by Fred DeLuca



Check you local library or it's available used at:

http://www.amazon.com/Start-Small-Finish-Big-Start/dp/1883283647/ref=sr_1_fkmr1_1?ie=UTF8&qid=1277403016&sr=1-1-fkmr1