I enjoyed the 4 hour Work Week by Tim Ferriss. It inspired me to think differently about how I live my life and to indulge in regular “mini-retirements” rather than working my butt off for a retirement I will be too tired and old to enjoy. A big part of Tim’s philosophy is based on the concept of outsourcing, but it’s a rather extreme model and one that most of us would find hard to replicate on a similar scale.
So if you’re a fan of Tim’s vision for the new rich but think it’s a bit of a dream world, here’s the good news: you can have a piece of the pie.
How To Do Less
Outsourcing doesn’t have to be expensive and in some cases it can actually save you money as well as making you more productive.
As a Mumpreneur who relies heavily on outsourcing to give me the quality time I need with my family, I’d like to share my 8 simple steps to outsourcing with you:
1. Repeat after me: “I am not Superwoman”. Stand in front of the mirror and say it out loud. Listen to yourself. Accept it. Now get into action…
2. Get a sheet of paper and divide it into five columns; A to E
3. In column A write a list of the things you hate doing and the things that you are usually doing when you would rather be having quality family time or “me” time
4. In column B write down who else could do this task instead of you. It may be a service provider, family member friend – or computer…
5. In column C write down how much, if anything, it will cost you to outsource this task
6. In column D work out your hourly rate. This may not just be a monetary figure; it may also be the opportunity cost of doing the task versus family time or sanity time.
7. In column E, consider the price of column C versus the price of column D and decide whether or not you will outsource the task with a Y for yes and N for no.
8. Do it. Now.
If you think this might be a good idea but you’re just too busy to follow the steps above, look at this list of jobs that I outsource and think about what else you could be doing with your time…
- Automate bill payments online
- Grocery shopping (go online)
- Administration tasks (see www.thevirtualassistant.com.au and www.elance.com)