If you think I’m about to suggest you sign up to a tipster service, you’re wrong.
A few years ago I read The 4-Hour Work Week by Tim Ferris and it changed my perception of business, money and time forever. It’s almost become a cliche to to have read this book as if you take a look in any entrepreneur related forum, you will find plenty of people banging on about it. Most of them will never take action on the suggestions in the book and the rest won’t even read it because the title sounds more ridiculous than that of this post.
In the book, Tim Ferris talks about how he created a health product called BrainQuicken. He aimed to automate as much of the business as possible by paying other companies to build and ship the product. He hired virtual assistants to deal with customer support and reply and organise hundreds of daily emails. The idea was that after the initial work involved in setting the business up, he would be able to run it (and keep the profits) whilst only working 4 hours per week. He actually ended up selling the business for a considerable sum of money.
Think about it. When was the last time you saw the CEO of any major company get involved with the basic, daily activities that are essential to keep business running? Does the CEO of Tesco stack shelves and count how many tins of beans are in the warehouse? I don’t think so.
You need to decide how much your time is worth. Say, if you make £15 an hour at work, why are you spending hours every week putting football results in a spreadsheet when you can pay someone £5 an hour to do exactly that? You’re basically throwing away £10 an hour. Wouldn’t you rather spend that time with your family, playing Fifa, or both!?!?
How can you automate your betting?