I finished Tim Ferris’s book, The 4-Hour Work Week. This book is very inspiring, and takes a very different take on entrepreneurship than most books you’ll find on the subject. Tim suggests increasing efficiency in everything you do (both personal and professional) by applying the 80/20 rule and setting deadlines. (The 80/20 rule says that 80% of your results come from 20% of your efforts) When you only do 20% of the things you were doing before, and you set deadlines so you complete them faster than you normally would… efficiency ensues.
So in addition to this efficiency point, Tim also suggests setting up little-to-no effort income streams in the form of small niche-market internet-based businesses. He recommends outsourcing everything to a handful of companies so that your only “job” is making sure everybody plays nice together.
Once you have your life efficiently outsourced and funded with a work-free business… you take unlimited vacations and party like a rock-star! That sounds like a pretty sweet deal. I think this review came off making his book seem overly simplistic and not realistic. That wasn’t my experience at all. I really felt like he gave good information on how to make his reality come true! In fact it got me very excited about the prospect of having a “muse” (his word for a hands-free income stream). I’ve been making some moves in that direction since then. This book is definitely worth a read, and will end up in the stockings of some of my friends this Christmas.
Also, check out Tim Ferris’s Blog. It has lots of interesting stories and ideas regarding his “lifestyle design.”