4 Hour Work Week: Myth or Reality?

Mar 11

I’m not here to debate what Tim Ferriss teaches, I’m just here to sprinkle a little reality on the concept. Mainly, one very important part of the theory on “how to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want”. This is in quotes as it’s taken as a direct description from his book.

I love a lot about the goal of getting to a 4 hour work week and I believe it’s possible for many business owners that have a model that allows for rinse and repeat, cookie cutter service offerings. Reality is that most businesses have more complexity, otherwise all businesses could be turned into franchises.

So let’s break this down into two parts; outsourcing and who to outsource to.

You can definitely save yourself a ton of time, money and energy by outsourcing into two categories of experts and doers. First, finding those things in your business that require a specific expertise or certification that you don’t have is the best way to start. This is one of the clarification points for me in that it’s not a recommendation I would make to have someone you pay $5 an hour to do your bookkeeping and invoicing to clients.

Virtual Assistants can support businesses in so many ways that create space for opportunities for owners to truly do the thing they love most. Building a business takes a lot of passion, determination and time - being choosy about how you spend that time is important. My advice; spend it doing the things you love in your business and the things that move your business forward, let someone else (the doers) do all the things that are necessary for your business just not your idea of “fun”.

Now I want to finish with the idea of “overseas” virtual assistants, it’s important to me that everyone has the ability to make their own choices and if that choice is to go outside their own community or country then they should be able to do that.

The great news? Whatever decision you make to get support is a step on the way to a 4 hour work week.

Bibi Goldstein

Bibi Goldstein is the founder and CEO of Buying Time, LLC - a Virtual Administrative Support Solution for entrepreneurs. She is a time management and systems expert, speaker, author and works with many entrepreneurs to automate and systemize their businesses in order to maximize their time.

In addition to helping businesses with expert implementation and virtual administration work, She's also a regular speaker and workshop facilitator. Through fun, informative sessions, she helps business owners learn how to let go of all the day-to-day tasks that either don’t suit them or waste their time. They are suddenly free to work “on” their businesses, not “in” their businesses. Once they begin working this way, many experience significant growth in revenues as well as improved company morale.

She is an active member of her business community in the South Bay. Currently Bibi is the chair for 2 local non-profits major fundraising events, the SBBWA's South Bay Women's Conference and and Walk With Sally's White Light White Night event, and also serves as a board member for the Manhattan Beach and Redondo Beach Chambers of Commerce

Bibi has strong lifelong ties to the South Bay community, she lives in Redondo Beach with her husband Mark and has a daughter Julie who is a hairstylist and a local entrepreneur.

http://www.buyingtimellc.com

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