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Win Time with Tim: One More Week Only!!!

There is only one more week to win 30 minutes to speak with Tim Ferriss about your next big idea or current fitness goal. Enter today to win on our Facebook page. We’ve reposted the original article from Tech Cocktail by Zach Davis on why Tim is promoting the contest and working with WellnessFX. 

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When he isn’t winning the Chinese National Kickboxing Championship, obtaining the Guinness World Record in tango, guest lecturing at Princeton, learning to speak a new language (currently fluent in five), or writing a pair of #1 New York Times bestselling books (The 4 Hour Workweek and The 4 Hour Body), Tim Ferriss finds time to lend his expertise as an advisor to a variety of startups.

His latest advisory role is with San Francisco-based WellnessFX, a health diagnostics startup focusing on preventative medicine. WellnessFX works as a four step (not to be confused with hour) program:

  1. A medical professional visits your home or workplace to take a blood draw.  The test screens for more than 75 values (compared to fewer than 15 in most common blood tests).
  2. After the results from your blood tests are returned, you’ll receive a 30-minute consultation with your physician or specialist.
  3. You and your practitioner will work together to build a personalized health plan based upon your data, lifestyle and goals.
  4. Track results, revise, and repeat.

In an effort to drum up excitement, Ferriss is offering thirty minutes of his time to council winners of a contest held on the WellnessFX Facebook page.  Winners can choose to take Ferriss’ advisement on growing their business or improving their personal wellness.

Enter WellnessFX contest to “Win Time with Tim”

I caught up with Ferriss to learn more about the similarities between personal wellness and growing a business, the biggest mistake people make in regards to their health, his top advice to entrepreneurs, and his role with WellnessFX.

Tech Cocktail:  What are the greatest similarities between growing a business and improving wellness? What qualities or habits are necessary to both?

Tim Ferriss: They both require measuring what matters, as Warren Buffett would say. Good metrics and trending are key. Both are neglected in business and health. Moving from pageviews to MAU (monthly active users), or from total cholesterol to hemoglobin A1C and triglycerides, is the starting point for everything else.

Tech Cocktail:  What is the biggest mistake people make in regards to their health? Are there any schools of thought or widely adopted health practices that you feel are actually counter-productive to people’s goals of losing weight or improving their health?

Ferriss: First, people try to do too much at once. Really small changes have cumulatively bigger impacts. Following Stanford researcher BJ Fogg’s lead, don’t start with flossing your whole mouth each night (most people will fail), but start with flossing 1-2 teeth. Let it snowball from there. Second, people use exercise to lose fat. It’s a losing battle – you lose pounds in kitchen (many of my readers have now lost 120+ pounds) and only ounces in the gym. You don’t need to restrict calories, but you do need to choose the right foods.

Tech Cocktail:  Have you had any new revelations or ‘Aha!’ moments regarding health/exercise/nutrition since the release of  The 4 Hour Body? 

Ferriss: I’m repeatedly stunned by how most “diet gurus” – which I’m not – treat their readers like complete idiots. I wrote The 4-Hour Body assuming my audience was intelligent, and they’ve stepped up to the plate without any problem: 120-150 pounds of fat loss in 6 months, running 50-mile races with no prior running experience, etc. There are thousands of examples. The dumbing down of instruction is really insulting. Sure, there are dummies, but the majority of people like details if you make them interesting.

Tech Cocktail:  What is the most important piece of advice you offer to aspiring entrepreneurs?

Ferriss: You are the average of the 4-5 people you associate with most. Pick your partners, employees, investors, etc. very, very carefully.

Tech Cocktail:  Can you tell us more about your involvement with WellnessFX? What about their service inspired you to get involved?

Ferriss:  I’m an advisor to WellnessFX, which means that I work with them on everything from product design (which blood tests to include, the web-based dashboard, etc.) to scaling nationwide. Jim [Kean], the CEO, got me hooked because they’re developing all the next-generation diagnostics I want to use! They have access to some of the best scientists in the world. Since I do blood testing every four weeks or so, and suggest people do so at least every 3 months, it was a perfect fit. I’m scratching my own itch.

The posts on this blog are for information only, and are not intended to substitute for a doctor-patient or other healthcare professional-patient relationship nor do they constitute medical or healthcare advice of any kind. Any information in these posts should not be acted upon without consideration of primary source material and professional input from one's own healthcare professionals.

Why Engineers Do Better in Startups

 

Credit: Flickr Creative Commons, Dierken

Credit: Flickr Creative Commons, Dierken

I agree with a lot of Bindu’s article, Why Engineers Are Better off Joining Startups. I started a fairly successful Web 1.0 company in the 1990’s. At that time we had to hand roll even the most basic infrastructure to get the service up and running. Waterfall development was the rule. It was necessary to raise a lot more money because even basic services like Paychex, outsourced HR, Hosting, etc… were not available across a spectrum of what a functional company needs.

We still had a very successful exit as investors/employees received a 27x’s money return.

I recently came back and decided to do WellnessFX, funded in 2010. It has been nothing short of mind boggling to see the breadth of technology and business services available. What’s more, the variety of venture funds available that actually service early stage and seed companies is equally mind blowing. The talent pools are diverse and incredibly smart. Also, because there are so many services and outsourced resources available, it isn’t necessary to have a huge employment base. This means less dilution to the company equity structure. This is hugely in favor of investors and employees.

While the pay and job security are perceived as being superior with a large existing company like a Google, Facebook, or even Groupon, in reality there are several downsides: (keep reading >>)

The posts on this blog are for information only, and are not intended to substitute for a doctor-patient or other healthcare professional-patient relationship nor do they constitute medical or healthcare advice of any kind. Any information in these posts should not be acted upon without consideration of primary source material and professional input from one's own healthcare professionals.