Chapter
Optimizing Time and Vetting in Product Manufacturing
1:04:56 - 1:13:27 (08:30)
The hosts discuss utilizing the Pareto Principle and concepts from "The 4-Hour Work Week" to optimize their time during the vetting process of finding manufacturers for their products. They also discuss the various stages of vetting, including communication and legal certification checks.
Clips
The speaker shares the steps they took to vet a manufacturer which included checking communication, certifications, and speaking with past clients and a lawyer for accuracy.
1:04:56 - 1:09:31 (04:34)
Summary
The speaker shares the steps they took to vet a manufacturer which included checking communication, certifications, and speaking with past clients and a lawyer for accuracy. They contacted 30-40 suppliers via Alibaba and had a checklist of requirements.
ChapterOptimizing Time and Vetting in Product Manufacturing
Episode#354: Real 4-Hour Workweek Case Studies — How to Generate 8-Figure Revenue at Age 21 (Or Any Age)
PodcastThe Tim Ferriss Show
Focusing on the few things that matter and using Pareto Principle and Parkinson's Law can make limited time effective, according to Tim Ferriss.
1:09:31 - 1:13:27 (03:55)
Summary
Focusing on the few things that matter and using Pareto Principle and Parkinson's Law can make limited time effective, according to Tim Ferriss. People who approach entrepreneurial pursuits part-time can be more effective than those who dedicate all their time but fail to use it properly.