The book entitled The 4-Hour Workweek has a lot to teach any entrepreneur. It is a guide that encourages taking control of your life and not allowing yourself to become overly complacent. Accepting the false idea that things can never be changed or improved upon is not only negative for life, but also business.
The following three takeaways from The 4-Hour Workweek will help any entrepreneur run a better business.
Work-life balance is one of the most important lessons to take from The 4-Hour Workweek. Many people work with only abstract and non-defined goals as their ultimate purpose. Without a clear direction on what their work is accomplishing, many entrepreneurs allow their business to run them instead of the other way around.
To achieve balance, you first have to understand the value of your time and what you should be spending it on when working. Once your work day is in order, you can start more clearly defining your life's goals. These can be more vacations, new hobbies, or simply family time. A lot of work time is misused simply due to bad methods or trying to do too much. These are defined in more detail below.
Don’t Fall Into Bad Habits
Many bad business practices endure because they have become habitual. Now, these practices may not be outright damaging to a company, but they may be outdated and inefficient. It is always important to ask yourself, “Is this working or am I only doing it because of habit?”
If the only answer you have for why something is being done is “because it's always been done this way,” it's time to rethink your methods.
Know When to Let Go
When you run your own business, there is often the idea that you have to control everything. However, by trying to do everything you lose focus on what you should be doing. For example, many of our clients at CapRock Services are uniquely talented in their specific fields, but instead of using their talents to drive business, they’re busy with payroll.
There are aspects of business you can outsource to highly-skilled third party companies that keep the business running and allow you to focus on running the business. Part of letting go is proper time management – a skilled baker should be baking, not organizing payment processing.
The central idea of The 4-Hour Workweek is don’t be afraid to make the changes you need to live a better life. This extends to business as well as life, in general.
As an entrepreneur, there is a lot to gain by reviewing your daily business practices. By hiring outside companies you can streamline your business to make it more efficient and easier to run. At CapRock Services we pride ourselves on making doing business easier for our clients. We can assist with the daily concerns of doing business such as payroll, insurance, payment processing, business capital, and more.
By letting us handle these necessary (but time consuming) aspects, you have more time to run the business you want to run, do the work you truly enjoy doing, and live the life you want to live. Please contact CapRock Services today to see how we can help you!