15-11-2017 06:23 PM - edited 16-11-2017 01:27 PM
Last week I heard a phrase that is all too familiar for the entrepreneur or even small business owners... 'Time is money'.
But there is a huge difference between the value you place on your time and the value someone else does.
How much value would you put on your time?
If you're paid hourly, then I guess you'd apply your hourly rate to your personal time. So, say you earn £10 an hour, then your time away from your work would be a similar value, right?
Or is it actually worth even more?
Isn't your personal time even more precious to you?
I ask because there's an advert currently running on the radio (no, my obsession with advertising has not subsided) that suggests your personal time is extremely valuable. So valuable, in fact, that you'd rather use this company to sell your car than waste time selling it yourself, even though you could make up to £1,000 more doing it yourself.
This got me thinking about how advertisers have been trying to save us time (when not saving us money) for decades.
on 16-11-2017 07:55 AM
I think we want to save time so we do less physical work as in spending less time doing something and more time relaxing or having fun but it also depends on what you do in your life such as working many hours a day or running your own business or an executive at a large corporation.
We each decide what we do with our time as in how we spend time with, who we want to hear and listen to and what we do for another person.
17-11-2017 03:14 AM - edited 17-11-2017 03:18 AM
I remember reading some information about time and money, but cnnot remember if it was on here?
Someone was asking about how much they should actually charge customers for their time and service be it an hourly rate, daily rate or have various rates dependant on the service requested so I guess there's a lot involved and a lot to consider.when it comes to your time.
The other thing is time management as in time for work and personal time and trying to juggle between the two, especially if your a sole trader doing everything yourself beause everyone needs a time out and it's pretty essential to have some personal time instead of working your backside off everyday and what about if you have a family, they need your time too.
I suppose that if your business grows and becomes more established, you can employ others to take off some of the workload giving you more time to concentrate on other tasks and more personal time.
The clocks ticking, so where possible, make the most of it everday.
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