Tim Ferriss, the productivity guru and author of the best seller “The 4 Hour 
Workweek” has popularized several ideas on difficult concepts such as operating a business, learning a new language and getting in shape. According to him, you can excel in these in much less time than most of you expect.
Tim Ferris was a small business owner who used to work 90 hours per week to develop his
online supplement company. Tim was not happy with his workaholic lifestyle; so he decided to transform the way he utilized his time. Soon he realized that focusing on the efficient use of time augmented sales swiftly and also helped him cut his working hours, considerably.
Ferris offers the following advice to small business owners who aim to become more dynamic and efficient with time. Here are the best tips offered by Ferriss:
Rather than dominating an existing category, make a new one
From a positioning perspective, if you do not stand out in a jam-packed market, it is going to be a tough competition in terms of increasing hours each week and reducing lowering prices. Ferriss adds that all efforts to control an accessible category will upshot only minimal incremental improvements. It is important to position yourself cleverly right from the beginning. It will save loads of work and make easier for you to win the race.
Conduct an 80/20 evaluation of your efforts once every month.
You should do a habitual 80/20 analysis to identify the key factors that you should focus on. Basically, we settle on 20% of activities that produce 80% of results that we desire, and the 20% of activities that devour 80% of our time. The next step is to scrutinize the lack thereof. Majority of business owners are busy but being busy does not indicate that you are being productive. According to Ferriss, once you emphasize on the right things and get rid of time spent on unnecessary tasks, you can become more efficient and successful.
Get a grasp on your email.
Email also wastes a lot of time according to Ferriss. Email allows business owners to fool themselves into thinking that you are being productive. Ferriss opines that you should check your emails twice a day. You can also make use of an organization app for streamlining the process of checking emails.
These are some effective tips offered by Tim Ferris to help business owners to create work-life balance.
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