Tim Ferriss in his book “The 4-Hour Work Week” defines the
new age life-style of Entrepreneurship and the “New Rich”(New-age Entrepreneurs)
. Through this book, Tim Ferriss provides a new DEAL for Living …
D for Definition,
E for Elimination, A for Automation, L for Liberation…..
So let us begin with the beginning :
Definition : Who are the New Rich? …They
own the trains and have someone else ensure they run on time ! This is
definitely contrarian running of business...one where the owner’s time during
the day is all sucked-up running the business!
Elimination:
Tim Ferris chastises the 21st century style of
being “busy” as a form of laziness – Lazy thinking and Indiscriminate action….Instead
the New Rich do Less with Less….Lesser number of Tasks (Pareto’s Law) in very Less
time (incredibly tight deadlines) (Parkinson’s Law)
Automation:
For those readers who are reading this blog post yet, you
may wonder if this is possible at all…I too had big doubts as I was reading the
book…Tim Ferriss offers ideas for businesses that will fit the 4-hour work week
rule ! He provides the rules for running business powered by MBA…(Management By
Absence)
Liberation:
New Rich do not believe in retiring from job only at the end…They
call this deferred happiness….rather they replace vacations with
Mini-retirements! The argument is if you got the DEA portion of it right, L
takes care of itself….
Tim Ferriss is the
guru of New-age Life style and his concepts of Work and Life as defined in 4HWW
are trend-setting…If you have the guts, you can try it out…I must admit though
that I have a weak heart for such an adventure!