Friday 27 January 2017

HOUR 148: How Entrepreneurs Can Turn Their Ideas Into Profitable Products



HOUR 148: EOFire podcast with John Lee Dumas, Episode 1557: How Entrepreneurs Can Turn Their Ideas Into Profitable Products, with Richie Norton, the author of The Power Of Starting Something Stupid. 

Today’s takeaway points:

1. Thinking outside the box is much easier when you never put yourself in a box. 

2. What is productivity? Productivity means getting results, getting stuff done. if you spend eight hours at work and feel you accomplished nothing, then that’s not productive. 
Parkinson’s Law: Work expands to the time it’s allotted. 

3. How he balances work and life: Everything is just a PROJECT. When a new venture or business idea begins he doesn’t let it take over his life, instead he breaks it into projects, with a start and finish, and when each project is completed he moves on. 

If you’re sad about your work life balance, then shift it. It’s in your power to make the required changes. 

A few other things I remembered after my recording:
  • Share your ideas with people, you know and trust, don’t hoard them. By sharing it will keep you accountable. 
  • Pomodoro Technique: This was mentioned yesterday and again today, so I thought it was worth mentioning. This technique involves using a timer to break work down into intervals. Traditionally it was 25 minutes, separated by short breaks, but it John Lee Dumas schedules in 4 x 45 minute work intervals per day. 

Podcast Website: http://www.eofire.com/

Ritchie: http://www.richienorton.com

Dr. Tyson E. Franklin
www.tysonfranklin.com

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