Episode #181 How To Live The REAL 4-Hour Work Week - a podcast by Simone Vincenzi
from 2018-11-07T13:31:08
Welcome to episode #181 of Explode Your Expert Biz Show, brought to you by http://gtex.org.uk/,
I am your host, Simone Vincenzi, The Experts Strategist, and this is the podcast for experts who want to become the ultimate authority in their niche while making an impact in the world.
Today I have the pleasure to Interview Nick Bolton
Nick is the founder and CEO of Animas. An existentially-oriented coach and supervisor, Nick has created Animas to embody the qualities of unknowing with an emergent approach to coaching that informs the coach training at every level.
In this episode we talk about
Building a 4 Hour Work Week Business
What does it mean?
For Nick, it doesn’t mean “passive income” - it means a system that empowers other people to do a great job, realise their potential and provide real and lasting value to customers.
It means a business that continues to thrive and prosper without the direct requirement for me as an owner to be a “doer”.
Keys to success
- Great product or service
- Pricing
- Cash preservation
- Building a team step by step
- Don’t be afraid of hiring and firing
- Be willing to risk but not so risky as to lose it all
- Invest in technology to allow your team to be more creative
- Allow your team to do what they love within the parameters of what the business needs
- Create a stake in the company
- Willingness to trust people
- Willingness to lose in the short term for longer term gain
Evolution of my role
- Creator, strategist, administrator, provider
- Creator, strategist and provider
- Creator, strategist
- Investor and chairman
Greatest challenges
- Right people, right seats
- Creating a sustainable business model
- Overcoming the anxiety of charging an appropriate fee
- Scaling whilst keeping quality
Qualities
- Patience
- Not giving up on the aim
- Non-Attached Experimentation
- Belief
- Humility
Top tips
- Find the keepers
- Make tough choices
- Optimise what works, cut what doesn’t
- Don’t spend the cash
- Put customers and employees first
To read the interview transcript and get bonus resources you can visit
Connect with Nick Bolton
https://www.animascoaching.com/
https://www.facebook.com/NickSBolton
https://www.linkedin.com/in/nicksbolton/
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