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The 4-Hour Workweek - made me quit my job and start a business. Since then I've been able to travel internationally for the first time in my life while working
by anthony_franco 8y ago
The 4-Hour Workweek - made me quit my job and start a business. Since then I've been able to travel internationally for the first time in my life while working as much as I want.
- qwerty456127 8y agoThe 4-Hour Body is a great book too. I hesitated to mention it but if you mention the 4-Hour Workweek then I feel like it is to be mentioned as well.
- tmaly 8y agoI would second the 4-Hour Workweek, yet I am still searching for a profitable idea. How long did it take you from reading the book to reaching the ability to quit your job?
- anthony_franco 8y agoIt took me about four years. It would've been faster if I knew then what I know now.
- wongma 8y agoCare to summarize what you know now that you didn't know then?
- pier25 8y agoGo on...
- anthony_franco 8y agoI could write a whole book on what I’ve learned :) As can any other business owner I think. But I’d be happy to chat with anyone wanting advice.
- pier25 8y agoAny tips on finding "automatable" problems?
- anthony_franco 8y agoPretty much all businesses are automatable. Just hire good people and have good processes in place for them to follow. For example, WP Curve was even able to automate the process of hiring dozens of developers. You would've that that it would require a very manual intervention by the owner: https://wpcurve.com/hiring-developers/ https://wpcurve.com/hiring-developers/
- dorchadas 8y agoSame. The profitable idea is the hardest thing for me. It seems like everything I think of has already been done before.
- hallz 8y agoWith 7+ Billion people on the planet most people have done something similar to any idea. Isn't the point in the book that you can still succeed by creating your own flavor of an idea or selling that idea to a new market?
- phaus 8y agoThat might be the point. I didn't make it that far because after what seemed like 60 pages of the author talking about how he's naturally a world class performer at pretty much everything he's ever tried to do in his entire life I got tired of the bullshit time-share salesman style of writing. Where does the actual advice start? This book is recommended pretty much every time someone asks a similar question, I might be willing to give it another shot if there's actual content somewhere in it. Also, did this guy create a successful business outside of his self-help stuff before he started writing these books?
- rocannon 8y agoI think the book is worth reading. His inspiration for writing 4HWW was his experience running a supplement business, which he later sold - https://en.wikipedia.org/wiki/Tim_Ferriss#Career https://en.wikipedia.org/wiki/Tim_Ferriss#Career Prior to reading the book, I had a retire-early mindset. My idea was to work hard at high paying jobs and save a lot so I could retire early. After reading the book, I had the idea to create multiple streams of income in order to achieve the goal of retiring early. Others have mentioned that it's not easy to find a lifestyle business that earns you enough income to live off of, and I've also had that problem. However, I've had partial success. I don't think I'd have ever pursued this path without reading 4HWW. It's not an instruction manual, though.
- anthony_franco 8y ago
- tluyben2 8y agoI read the 4 hour work week when we (wife and myself) were already travelling and working on our own companies (this was when it just came out first by the way); we both scaled down to working max 1 day a week, found that that made us create more and more projects. Found out we really do not like not working. What kind of company did you start?
- anthony_franco 8y agoI started a SaaS company in the hospitality industry.
- dawidw 8y agoCould you elaborate on your lifestyle, please? What kind of job do you do on that max 1 day a week? How do you spend the rest of your time? How far do you travel? Do you stay long at one place or you'll constantly on the run? Do you have kids? If no - do you plan to have them? If yes - how do they manage with that lifestyle? Having your knowledge and experience, what would you have done differently? Thanks in advance!
- tluyben2 8y agoLike I said; that 4hr workweek was like 10 years ago: since then the week is full again. But with multiple businesses (check my profile/linkedin). We hike a lot (few hours a day). When we worked less than a day we travelled through europe, now all over the world. We try to stay longer in one place when we can, but business meetings take us all over. No kids, consciously not ever. I would not do a lot different but as you ask; I would have started real business networking far sooner. I am a tech guy and always surrounded myself with business guys so I would not have to. I think that was not so smart. I always thought I would be bad at it, but it just is not very hard. And with the right contacts, you can grow and achieve things much faster.
- nexus2045 8y agoInterestingly, the biggest eye-opener of reading the 4HWW is the part when Ferriss defines the word muse. I used to only think that it was a dichotomy of 1) boring 9-5 selling out your soul for the rest of your life, or 2) VC-backed startup scaling like mad and ending in a 7+ figure acquisition, but never considered the option in between: lifestyle businesses that are "automated", so you can actually do other things with your life.
- RikNieu 8y agoI have been trying this since the book came out... I've never been able to get a successful low-maintenance business going, what kind of business did you start?
- anthony_franco 8y agoStart any business and just hire good people to run it for you. I have a SaaS. I have a support person, product manager, and developer. Between them they handle 90% of the day to day tasks.