As I'm watching through this video, I come up with so many great ideas that I constantly have to pause, take notes, then rewind. Thank you guys!

Tim Ferris is such a legend - I hope to interview him one day! Inspirational guy and has helped so many people... Thanks for putting this on youtube.

Tim seems to be a very brave, focused and smart person. Real interesting video.

You are a market. If there's something you need that doesn't exist, exploit the opportunity and create it, because chances are there are many people that need the same thing. That's just one of Tim's approaches. I love that the good ole 'if you don't understand something, hate it immediately because it's wrong' mentality is still alive even if this high-information world.

Down to earth Tim Ferriss. Great stuff.

Tim is one of the smartest guys I've ever read. If you haven't read 4 Hour Work Week then go get it!

always intresting to hear Tim. I wonder how many actually listen and carry out some of his tips though

Clear and insightful - thanks Tim and Loic

1:50 it’s very important to choose your market before you choose your product. Start by scratching your own itch. 4:20 Believes in fast 2 week dev sprints combined with micro testing. 5:25 The objective of a business is “to provide a product or service of value and generate a profit - and to keep a very close eye on those numbers.” (headcount is irrelevant, although sometimes entrepreneurs are pressured by investors and lose sight of). 6:00 Tim had 200-300 contract employees, products distributed in 15 different countries, 5 or 6 different managers responsible for different areas (customer service, fulfillment, quality assurance, sourcing), each with a high threshold for independent decision-making. “The customer is your customer, not me.” 7:45 Your best customer is somebody who’s extremely high profit and very low maintenance. High priced products self-select. 10:34 The customer / user can provide very valuable feedback because you’re too close to your product. 13:00 “Email is everyone else’s agenda for my time.” If you go into your inbox without a clear agenda for the day, you’ll become confused and pulled in 100 different directions. 17:34 The one way to be completely unproductive is to try to make everybody happy. It’s the sure-fire way to completely fail to produce any sort of result that you’re defining. 21:00 It’s extremely important to test paid product from the outset and live and die by positive or negative cash flow. 21:35 Tim has _never_ taken outside funding for any of his companies. He felt confident he could do the micro testing early on so that he could generate revenue from day 1. There’s a certain sex appeal to having a “real company,” cap table, kickass investors, etc. -but there are a lot of responsibilities that come along with that. If you’re not looking at building an enterprise business, you’re essentially building a lifestyle business and need to understand cash flow; whether to reinvest capital or deploy it elsewhere. 22:30 Book on reading financial statements - extremely important for all entrepreneurs. 24:53 Don’t go looking for money with just a concept or idea. You need to show some *traction* first. Tim doesn’t invest in anything unless it’s showing some degree of traction. 30:05 A mediocre blog is worse than no blog. Try to time launch of blog to coincide with book launch. 30:40 There a number of phases in building a community. First is the first phase of early adopters, which can be the first tipping point. 32:05 Who reads your stuff is more important than how many. Bloggers, etc. will reshare your content. 33:34 If people don’t believe the messenger, it doesn’t matter how good the message is. 41:55 It’s very hard to predict what will work or will not 42:05 Tim does meetups and parties for readers around the world - London, Sydney, etc. 42:40 FiveFingers 45:08 Time is the most valuable non-renewable currency. Income without time has no value. Income has no intrinsic value other than what you can trade it for. Even if you trade it for a possession, what you’re ultimately looking for is an experience. 50:47 Tim’s main VA is on an island off of Vancouver. For lower level tasks he uses AskSunday.

Very godo interview, inspiring and humble, thanks for your advices Tim!

If your not measuring, your not marketing successfully! All about expression, social and metrics. Great Tim!

Tim is awesome with his content.. Thank you for posting this :)

Tim Ferris a true G.O.A.T. Love your show.

There is always using an ftp converter (google it) and downloading it onto your ipod, so you can listen to it while you drive, workout, cook, or clean. If you actually follow the principles of 4-hour body, you'll quickly realize that finding creative ways to achieve your goals will help you complete them faster.

Great info, great interview.

Really enjoyed the video.

Great idea and excellent presentation! I agree with you however as a business owner myself, using a working and proven investment system is still an effective way to go. Considering the flow of my business I can say it never failed me.

@hydrolist1 The interviwer is a person. I've seen interviwers who were more comfortable doing their job - this comes with time. But the question is: Would you have done better? If so, go, interview Tim and post your video so we can watch. We love great interviews.

cool breakdown on Ferrissing a startup

Is the forum still there? If so what's the URL I can't find it.

Excellent.

thanks a lot!

"Hey Zach could you be quiet? That's how you manage a company" lol. But seriously, this video helps cut through the bs I've heard about promoting one's self or getting the ball rolling in a business

He may be talking about "Warren Buffett and the Interpretation of Financial Statements" by Mary Buffett and David Clark. Mary actually wrote the introduction but there is a quote from Warren after the introduction. I believe Mary is Warren's ex-daughter-in-law.

Very Nice Loic

I haven't been able to find the book Tim recommends at 22:40 , does anyone have the specific title and author? Thanks!

What website does that banner display behind them? Anyone know?

Anyone know what financial statement book he's referring to?

Tim Ferriss is awesome... not my favorite video , but still good

toodoolease. Oh, to do list!! Took me ages to decipher that!

Thanks for sharing guys. I've always wanted to become an entrepreneur and start a business. I just wasn't sure how to do it. What do you guys think about affiliate marketing?

What I have noticed is so many people spend a lot of time in the planning, and expansion, but they sometimes the importance of protection. Many people who are starting their new business may opt to act as their own registered agent. I feel this could be a costly mistake. Having a professional registered agent can ensure you don't miss important filings, and state deadlines.

What was the first company he founded and how did he get the idea?

@hydrolist1 This is a very congenial interview. The interviewer is very generous in allowing Ferris to express himself, while, off course, exploring questions of his interest. I think your problem is with your temperament as opposed to anything the interviewer has done. Your caling him a "moron" is an indicator of your maladapted temperament. Perhaps you should honestly assess yourself to determine what your problem is. It does not seem to be external.

can recommend to you listening to the last 15 minutes...... some interesting topics that they cover there

Business needs a lot patience to succeed, me myself struggled on the first years of my business, but as I develop new strategies everything works like a charm especially if you know how to manage and make use of the resources at hand. It would be great to share some success with positive people who wants to succeed in their business so feel free to add me as friend here on KZread. Regards, Suzanne

multi task it, listen to it while doing emails.

lol Tim Ferris is such a fucking gangster

9:55 he was so angry!!

Legend :)

man i would love to be able to do that...i'm just no good at this stuff...i'd be out of business before my grand opening lol

That's not what I get out of it. I've learned a great deal about leveraging my time more effectively. After applying some of the principles within The 4-Hour Workweek, my company's 2012 revenue increased by 12.4%. Some people will get value from certain resources, while others will invest their time talking about how bad those same resources are. Are there any business books you have a positive opinion on, which have helped you grow your business?

HYPER UPPERCUT! HYPER! HYPER!

Who knows what book Tim says all Entrepenurs whould read? Warren Buffett wrote the intro... 22:45 Thanks!

❤❤❤

Nice interview, if you are interested in starting a business take a look at The Millionaire Dropout, currently #5 in the New York Times Best-seller list

Ferris is good

It's a shame this video isn't shorter. Now that I'm following the principles of the 4-Hour Working Week, I don't have time to watch this in full.

i would like some feed back on my channel harumiyagi and i'm also doing another business and would like to see how i can apply tim concepts to my business

wish the dialog was louder...

Just a note to anyone Richard Branson wouldn't or wouldn't have watched this because he be instead doing and not watching probably a faster and funner way to learn also. yer this does make sense i know but you get the point library's closing

Have a business idea or more like a product if any one wants to hear and give fed back???

what if you are in debt, bad credit, and have no money? how do you get started on a business then????

@smilelikeUmeanit90

7 жыл бұрын

same

@james737 I've just wasted 2 seconds reading this. It would have been 5 seconds but I shortened it through the use of the speed reading techniques in the book. So I've gained 3 seconds. However, if I'd not read it I'd have saved 2 seconds and the additional minute it took to type this reply. Damn Book

This Loic Le Meur guy just says random stuff and interrupts the flow of the conversation with crappy jokes. Really takes the attention off from what Tim is trying to say. Like at 31:22 to 31:29.

In this day and age can start a business for as little as $500 - It takes a lot of work but it's definitely possible. (I did it)

@aq1w2e3r4 yeh i like that your offering your services, may i be able to get a website done please? im only 18 and trying to get a business on the up go with a partner and need all the support possible

So who came first, Eric Ries or Tim Ferriss? lol

Raise capital and negotiate secondary trading of equity and debt on UnifiedMarkets.

@hydrolist1 oh, I thought you knew the English language =)

Hey man, thats a very awesome strategy. Have you ever downloaded Effortless Money Builder? I downloaded it and earnt $22,000 over the past 3 months. It's pretty cool lol.

@tcounelis whats so distracting about it?

That painful occasion when your friend (who’s been a loser for a lifetime, I have to say) gets a jaw-dropping woman to fall in love with him in, like 3 weeks? Shit, that basically happened. I know I should be happy having said that I wish it was me. He smiled as he told me he learned from the Cupid Love System (Google it). I wish to hide inside of a cave right now.

He should write a book called "How to Pretend to be an expert in fields I know little about" and trick stupid people.

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The truth is they DO NOT share their secrets for FREE that would be stupid. There is a reason why it's not working and that is because THAT'S NOT ALL THERE IS TO IT. You have to pay the big bucks to learn the secrets, if you want to make 10's of thousands per month and more then you have to invest more than a few bucks to learn how... You cannot succeed if you're searching for FREE shit to help you make a fortune. You cannot succeed if you're paying $27 for an e-book and expecting to make a fortune. These guys WILL NOT share their secrets for free or a few dollars. Go go big or go home, if you really can't get over the risk of investing the money in yourself then you are better suited to a 9-5 job.

@1m2a3t4t5

5 жыл бұрын

Will Nair Yeah isnt it amazing that people in better positions never want to give Real, solid, non-condescending advice to help their fellow citizens?

LMAOO!!

My family laughed when I told them I would make more money with "Morsch Money Secret", but then they saw the results. Go google "Morsch Money Secret" to see their reaction. (It was epic!)

I have a question, have you considered this program called the Intellitus Cash System? (check google). My cousin says it gets people plenty of money.

Exactly, ModernBods...and you may have noticed that elegantsolution was unable to name one book that has helped in grow his business. My guess is because he has never owned a real business of his own. He is an armchair warrior.

Hey there, have you considered "DotCom Success Maximizer" (just do a Google search for it...)? On their website you can watch a practical free video. He has in fact helped me to make money online. Perhaps it will help you as well...

If you want to start a real business. Check out dryer vent biz now.com

professional ball breaker........ lol

anyone that has spent 2 seconds starting a business and thinking about a real business model, already knows all of this. I assume you would only click on this video if you have thought about starting a business or have "started" one. I wasted 5 minutes fast forwarding through this. time management, outsourcing... really?

Heya, Anyone heard about the Phantom Cash System? (do a Google Search) Ive heard several impressive stuff about it and my buddy made plenty of money with it!

It would be a shame if you did not make more cash when these other people accomplish it so easily using Rapid Cash Cow (search for it on google).

What’s with the spam crap on here. I actually needed to earn real revenue on the net and it’s difficult to trust men and women within the web. The thing that helped me was basically viewing evidence of sales. There exists proof within the Zutore Cash System site (Google it) and I started off generating income online.

Hey there, have you experienced Certor Cash Code? (Google it) You will find out about the serious crimes we commit against our financial lives. With Certor Cash Code, you will discover how to earn much more money fast.

To make it online you are going to need a reliable, structured, and professional website. I build amazing websites please see my channel or see my site at w.w.w.d.o.o.z.y.w.e.b.s.i.t.e.s.c.o.m. to see what our loyal customers have been saying!

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The interviewer is fine. Stop jumping on the bandwagon to fish for thumbs up

you cannot deny Tim Ferris is a smart guy, being full of shit or not.

Have you seen Zerlux Cash Code? (look for it on google) It is a quick and easy way to get extra income fast.

Ha, awesome video mate. I have been making money online for 12 months, and use the system Getting Profit Proof. It's hands down defiantly the easiest strategy I discovered to make cash. Just GOOGLE for the term Getting Profit Proof to find out how anyone can make money as well.

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Great interview about home based businesses and income opportunities ... WiseConsumers.info

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Why can't the interviewer understand that he needs to just shut up? Let Tim talk. This is his interview

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@aq1w2e3r4 inbox my youtube channel

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So what is like, like your like I mean like your like bio like like. Haha

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Does anyone else just hear blah blah blah blah blah blah because Tim is so hot?? Let's get him to do the interview shirtless!

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@qwertywoods w

Quite the Ferris wheel KZread has the average looking person ultimately utilized if you know but use Tony Robbins or Dr Oz you may need to see a therapist 🎎🏀🎀🎄✡⚛☪✝🔱🔝