Build Your Ideal Business: A 4-Step Framework

Read full article at:?https://www.thelonelypivot.com/

Happy Hump Day!

Here’s 1 list for you to digest.

What to expect below:

• List - Tim Ferriss’ 4-step framework to get clarity when creating and growing your business

(in a 3 minute read)

??4 Step Framework - Building your ideal business

In the 4-hour work week, Tim Ferriss outlines his powerful framework for helping aspiring entrepreneurs get clarity early in their journey.

We often try to take on too much with no direction when starting. A methodical easy to implement process is far more beneficial.

He calls it D.E.A.L.

Definition - Elimination - Automation - Liberation

I’ve broken down the steps in an easy-to-digest way so you can apply the learnings.

This is a great approach for those building a side hustle who are limited on time. It helps you focus your efforts on what really matters.

Here it is ↓

#1 - Definition

This is about setting clear goals and overcoming some of the mental barriers that could stop you from starting.

It’s important to:

• define what success looks like,
• quantify your goals,
• and confront fears that may be preventing you from taking the first steps

Are you charging too little?

Are you avoiding sales calls?

#2 - Elimination

This step is about identifying and removing unnecessary tasks and focusing on activities that directly contribute to achieving the defined goals.

Remove the trivial many for the critical few.

Prioritise your efforts on things that get results and less on the ‘busywork’ that feels comfortable.

• If you have a business - you have to assess what is working and what isn’t working, so you know what to eliminate.
• If you’re starting out - you have to assess what activities are most crucial to move the needle in a positive direction.

Is building a fancy website the best use of your time, before validating your idea?

#3 - Automation

Take the remaining tasks and create systems that allow you to scale.

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Read the rest of this article and the previous editions here ↓

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