What Is Your Time Worth?
I don't like to take risks.
I also haven't had my own business for very long, then I've felt like every penny I fabricated had to be sealed abroad in a vault for safekeeping in example I'd wake up one morning and accept no writing assignments, no consulting clients, and no speaking engagements.
Mentors told me I needed to invest in my concern, simply I didn't really listen. The thought of parting with any of my hard-won cash made me feel a lilliputian sick. What if I didn't get that coin dorsum?
So even as my business concern grew, I did everything myself. And I mean everything. If a volume needed to be overnighted to a new contact, I ran to the postal service office over dejeuner. I learned the rules of small-scale business accounting. I became a scheduling pro.
In the last year, I decided to develop two workbooks for my corporate seminars on recruiting and retaining members of the Millennial Generation. I designed the starting time one myself. It looked pretty decent – after all, I do have a modicum of talent when it comes to print design. The just problem was, all the formatting and tweaking and formatting and tweaking some more took me 22 hours over the course of a week.
Online print firms accuse almost $200 to blueprint the same blazon of workbook. My hourly consulting rate is $100, then I spent $2200 of my own fourth dimension.
That was when I realized that doing any and all tasks myself to save a few bucks was really harming my business. I could have been spending those 22 hours fostering new client relationships, or improving the ones I already take. These are the relationships that allow me to do what I do, and without them, I wouldn't have the freedom to do the work that's personally meaningful to me. Things needed to alter.
So for the next workbook, I decided to get smarter. I let an online firm handle the design. They finished the project in a week, and it looked but as nice equally the starting time one. I saved $2000. And incidentally, this $2200 figure doesn't have into business relationship the speaking engagements I do every other week, which command a much college hourly charge per unit. Then if I had used the workbook blueprint time to secure boosted speaking gigs, I would have saved thousands more.
Even if for some reason I didn't care most the clients or the money, my 21 calendar month former son would love to spend 22 hours with me. I would take him to the park and music class. I would watch him run around the Chicago Children'southward Museum squealing with excitement. I would pocket the memories of these hours, because he's never going to exist 21 months one-time again.
You all are just equally busy as I am. And while there's this pull to be contained, we demand to realize that our time is worth something – a lot, actually. We can all be happier, wealthier, and more successful if nosotros play to our strengths and spend our time doing things that just we have the unique combination of talent and experience to pull off.
Source: https://www.lifehack.org/articles/featured/what-is-your-time-worth.html
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