Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
fourhourworkweek.com
Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
1–10 of 65 posts
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#2Does this guy bother anyone else as much as he bothers me?
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#3Does this guy bother anyone else as much as he bothers me?
I won't go that far, but I did notice that they completely glossed over her mention of partners in the interview with the laptop stand woman.
Ferriss is certainly invested in the idea of one-person financial power, but in the laptop-stand case study there would seem to be more to the story.
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#4Does this guy bother anyone else as much as he bothers me?
I won't go that far, but I did notice that they completely glossed over her mention of partners in the interview with the laptop stand woman. Ferriss is certainly invested in the idea of one-person financial power, but in the laptop-stand case study there would seem to be more to the story.
I'll weigh in because I know Jason, one of the people profiled. His modesty obscures the fact that starting, running, and growing Clockspot wasn't an easy ride by any means.
But Jason did pull this off almost entirely on his own.
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#5Does this guy bother anyone else as much as he bothers me?
I won't go that far, but I did notice that they completely glossed over her mention of partners in the interview with the laptop stand woman. Ferriss is certainly invested in the idea of one-person financial power, but in the laptop-stand case study there would seem to be more to the story.
It would seem that there's almost always more to the story, and his overall message ("you, too, can have financial freedom all by yourself...now go have fun") might be stronger if he acknowledged that, yes, it's hard to build a company to that point.
What I think is valuable is the constant reminder that the business/income-building is a means to an end, and there's a wide world of choices out there for what the "end" is.
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#6Earlier quoted context omitted.
I won't go that far, but I did notice that they completely glossed over her mention of partners in the interview with the laptop stand woman. Ferriss is certainly invested in the idea of one-person financial power, but in the laptop-stand case study there would seem to be more to the story.
It would seem that there's almost always more to the story, and his overall message ("you, too, can have financial freedom all by yourself...now go have fun") might be stronger if he acknowledged that, yes, it's hard to build a company to that point. What I think is valuable is the constant reminder that the business/income-building is a means to an end, and there's a wide world of choices out there for what the "end…
is the constant reminder that the business/income-building is a means to an end, and there's a wide world of choices out there for what the "end" is
I think the lesson of the story is that there are so many people and competitors now that running a business/muse as a means to an end is impossible unless you lower your expectations as to what an end is.
You must either lower your expectation by living in 3rd world countries as Ferris suggests, or work 7-days a week like Tim Ferris did on his herbal supplement company. Or be plain lucky and find a niche that no one has found out like the ones shown here. Most niche ideas fail.
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#7"Make sure that you have your business basics down first. Proper business bank account(s), incorporate earlier, record expenses properly, keep receipts, and get your accounting straight. It’s very hard to switch things over later, so invest some time at the outset and get it right."
How hard is it to switch from sole proprietorship to s-corp/llc if you keep your accounting straight and use your personal bank account?
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#8Earlier quoted context omitted.
I won't go that far, but I did notice that they completely glossed over her mention of partners in the interview with the laptop stand woman. Ferriss is certainly invested in the idea of one-person financial power, but in the laptop-stand case study there would seem to be more to the story.
I'll weigh in because I know Jason, one of the people profiled. His modesty obscures the fact that starting, running, and growing Clockspot wasn't an easy ride by any means. But Jason did pull this off almost entirely on his own.
Clockspot was actually the one example that did resonate with me, as I'm working toward a similar kind of soup-to-nuts one-man app stack that he did in creating a time-clock with mobile clients. I mean, it's straightforward and doesn't involve Hard Problems other than having to use at least a couple different and possibly-newish languages, right? It's seems to be pretty much a textbook REST app.
I also really like seeing improved and successful implementations of existing technology, proven in the story by the example of his dad being perfectly willing to get a punch style timeclock in this day and age. And not only is Clockspot able to leverage the history of timeclocks, it can also be seen to be a kind of "time twitter," so all of the published domain expertise about implementing that can be relied on to provide another huge chunk of the app and mobile clients.
Which is why software patents are bad. ;)
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#9Earlier quoted context omitted.
I'll weigh in because I know Jason, one of the people profiled. His modesty obscures the fact that starting, running, and growing Clockspot wasn't an easy ride by any means. But Jason did pull this off almost entirely on his own.
Clockspot was actually the one example that did resonate with me, as I'm working toward a similar kind of soup-to-nuts one-man app stack that he did in creating a time-clock with mobile clients. I mean, it's straightforward and doesn't involve Hard Problems other than having to use at least a couple different and possibly-newish languages, right? It's seems to be pretty much a textbook REST app. I also really like se…
soup-to-nuts one-man app stack... porn music plays
Re: Tim Ferris: 3 More Case Studies of Successful Cash-Flow Businesses
#10Does this guy bother anyone else as much as he bothers me?