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January 5 - January 28, 2025
Find your focus and you’ll find your lifestyle.
The bottom line is that you only have the right...
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Learn to recognize and fight the interruption impulse.
It is your job to prevent yourself and others from letting the unnecessary and unimportant prevent the start-to-finish completion of the important.
1. Create systems to limit your availability via e-mail and phone and deflect inappropriate contact.
Replace the habit of “How are you?” with “How can I help you?”
Batch activities to limit setup cost and provide more time for dreamline milestones.
Set or request autonomous rules and guidelines with occasional review of results.
A man is rich in proportion to the number of things he can afford to let alone.
Fun things happen when you earn dollars, live on pesos, and compensate in rupees, but that’s just the beginning.
Nobody can give you freedom. Nobody can give you equality or justice or anything. If you’re a man, you take it.
Lingering unimportant tasks will disappear as soon as someone else is being paid to do them.
why should I pay them at all? Because the goal is to free your time to focus on bigger and better things.
If you spend your time, worth $20–25 per hour, doing something that someone else will do for $10 per hour, it’s simply a poor use of resources.
Time is time, and if you’re spending time on chores and errands that could be spent better elsewhere, a VA will improve life and the management learning curve is similar.
Remember—unless something is well-defined and important, no one should do it.
Using people to leverage a refined process multiplies production; using people as a solution to a poor process multiplies problems.
Golden Rule #1: Each delegated task must be both time-consuming and well-defined.
The important metric is cost per completed task, not cost per hour.
Don’t assign crap tasks that end up consuming rather than saving time.
Our goal is simple: to create an automated vehicle for generating cash without consuming time.
So first things first: cash flow and time.
Choosing distribution before product is just one example.
Start Small, Think Big
Genius is only a superior power of seeing.
“1,000 songs in your pocket.” Done deal. Keep it simple and do not move ahead with a product until you can do this without confusing people.
I personally aim for an 8–10× markup, which means a $100 product can’t cost me more than $10–12.50.
It Should Take No More Than 3 to 4 Weeks to Manufacture.
I not only use all the brains that I have, but all that I can borrow.
In the meantime, we will focus on the least complicated and most profitable option open to the most people: product creation.
Information products are low-cost, fast to manufacture, and time-consuming for competitors to duplicate.
Become an expert in this skill for yourself and then create a product to teach the same.
The M.D. is what I term a “credibility indicator.”
2. Read the three top-selling books on your topic (search historical New York Times bestseller lists online) and summarize each on one page.
In modern PR terms, proof of expertise in most fields is shown with group affiliations, client lists, writing credentials, and media mentions, not IQ points or Ph.D.s.
The phrase from Apollo 13 “Failure is not an option” sort of became our motto.
Many of these theories have been killed off only when some decisive experiment exposed their incorrectness. … Thus the yeoman work in any science … is done by the experimentalist, who must keep the theoreticians honest.
The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.
Our goal isn’t to create a business that is as large as possible, but rather a business that bothers us as little as possible.
Companies go out of business when they make the wrong decisions or, just as important, make too many decisions.
The more options you offer the customer, the more indecision you create and the fewer orders you receive—
Furthermore, the more options you offer the customer, the more manufacturing and customer service burden you create for yourself.
Those who spend the least and ask for the most before ordering will do the same after the sale.
Offering something for free is the best way to attract time-eaters and spend money on those unwilling to return the favor.
For negotiation purposes as well, remember that it is best not to appear to be the ultimate decision-maker.
It is far better for a man to go wrong in freedom than to go right in chains.
By working faithfully eight hours a day, you may eventually get to be a boss and work twelve hours a day.
“I didn’t travel for 30 years of my life—so why not?”
The new mantra is this: Work wherever and whenever you want, but get your work done.
Sherwood wants the company to invest as much as possible in him so that the loss is greater if he quits.
