Time, is our most precious resource. How are we to make the most effective use of each twenty-four hour span? Most people give little thought to the actual value of their time, possibly not even during conventional working hours. Entrepreneurs know better. We cannot afford to haphazardly approach the workday. We must have a plan and execute it to the best of our ability, leveraging time to our greatest benefit.
Dave Navarro at Jonathan Phillips' Freelance Folder proposes a thought-provoking method of accurately valuing our time.
"Your time is worth exactly this much:
Cash Money / Hours Worked = Your Rockin' $DPH (Dollars Per Hour)
Now, in the last 30 days, how much did you earn? Stop reading, and think about this seriously. Don't read any further until you do. How much cash crossed your hands (or how many orders came in) in the last month? Stop and think about it.
Now that you have that number firmly in mind, it's time to get brutally honest. How many hours did you spend in the last 30 days doing business tasks or business-ish tasks?
Translation: Business tasks = stuff that actually drove your business forward Business-ish tasks = pointless stuff you did when you were supposed to be doing stuff to drive your business forward.
That's right ? those business-ish activities robbed you of the revenue generating goodness that you know and love. But you still gotta include them in the equation. And they bring that $DPH down, down, down."
Most self-employed people are acutely aware that their time investment must produce immediate income. Most generate income in proportion to the amount of hours spent working each day. Many other entrepreneurs however, are in the position of remaining gainfully employed as they pursue their entrepreneurial dreams part-time. This strategy is often a wise one, born of necessity, in the absence of venture capitol investors. It provides that safety-net of income and benefits for our family while we tend to our dream.
If we calculate the incoming-producing value of our time at $120 per hour, we must also further understand that idle, non-productive time is then costing us $120 per hour. This is opportunity cost. While not immediately recognizable, this cost can cripple a fledgling business if not properly managed.
All activity, however relevant to the business, does not directly produce income, yet remains important to the overall business operation. Such activities are best completed during non-prime-time hours, where selling and revenue generation must remain the priority otherwise. Designing advertisements, marketing materials and selling strategies, bookkeeping and other administrative functions fall within this category of necessary activities. It may make sense to consider outsourcing many of these tasks to others who will charge far less than $120 per hour for their services, yet deliver a top-notch solution for your needs, thus freeing you to generate more revenue with your precious, limited selling time.
There are many occasions where a personal phone call, sales call or a group sales presentation are necessary. For effective sales results under those circumstances, our conventional, personal efforts must focus on our best sales prospects during the most productive, prime part of the day. For most businesses, this the 8:00am until 6:00pm time slot. Our automated sales systems however, such as our web site, blog, advertising and various marketing channels are available 24/7/365 to a world-wide audience of prospective buyers. These systems often provide us many warm prospects for dealing with during prime time. Learn how to let your assets work for you.
Keeping tabs on your most productive selling hours, managing your time and other assets to your maximum advantage while minimizing idle, non-productive time is the formula for a successful business. Try watching less TV and invest that time in your business. Be certain to eat well, drink plenty of water, sleep well, scheduling both downtime and family time.
Become well-rounded in order to renew your energy each day; energy sufficient to fuel your income-producing hours. Your goal should be to have all of your assets consistently working at maximum levels for your benefit.
If one were to define a pregnancy journal, it would be a treasury or repository of exciting and thrilling experiences of a pregnant woman on her way to motherhood. Why is it important to write a pregnancy journal. The well known reason is that, after delivering a baby, woman gradually tends to forget her unique experiences during pregnancy. This is what prompts many a mom to be write a pregnancy journal. This is the most effective way to record, share, narrate, publish and transmit ones golden memories of those adventurous and precious moments of conceiving, carrying and delivering a baby. So, it is advisable to pregnant women to buy a nice journal and start writing her memories of pregnancy.
Let The Pen Glide Smoothly
There is nothing that should inhibit you to write down your emotions, thoughts, feelings, ideas, dreams and realities. Please feel free to share your experiences with others by jotting them down on a piece of paper of the pregnancy journal. However, avoid exaggerating things. Few years down the line, while going through your pregnancy journal, you will be delighted.
Each pregnancy is replete with wonderful moments. Recall the night when you quietly moved from bed towards the refrigerator to quench your thirst for a beverage! What and how did you feel when you saw your bulging stomach for the first time in the mirror. And also, let us not forget those special moments of shopping for pregnancy outfits.
There are innumerable cherished moments during pregnancy. One does not experience them in normal life. Pregnancy journal is there to record all those unique moments. Do not omit to mention your maiden visit to your pregnancy specialist, how did you feel when he or she broke the good news to you, and what was the instantaneous reaction of your beloved spouse to this heartening news.
You may also mention those occasions you spent with your husband during pregnancy. There could also be anxious moments to jot down, while you are undergoing routine tests. Let your fears and doubts be transmitted from pen to paper. Imagine the baby inside and draw a picture or describe how it will look like after birth. Let there be a free flow of ideas. Instead of concealing and suppressing your ideas, please make us privileged readers of yours.
A Memorable Gift to The Child
A mother can well imagine the sheer happiness her child will feel while reading her pregnancy journal. The future son or daughter would be astonished while learning about his or her evolution from a micro cell inside the mothers womb for nine months to a living being on this planet.
Moreover, writing a journal or for that matter any kind of writing is an intelligent exercise. It plays a great role in aiding the writer to feel relaxed and stretch her muscles. It recharges ones gray cells as well. After writing, one feels happy for being able to share her experiences, even if it is through the medium of journal writing. When you yourself read your pregnancy journal a few years later, you would be having access to live coverage of those historic moments of your life straight from the horses mouth.
A pregnancy journal awakens the dormant writer in you. Last but not least, it serves as a guide to your next pregnancy. So, arise, awake and start writing. Good luck to you in your endeavor of giving life to a new human being and also recording the history of that venture.
Both Daniel Sitter & Saurabh Jain are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Daniel Sitter has sinced written about articles on various topics from Telemarketing, Marketing and Computers and The Internet. Daniel Sitter, author of both the popular book, Learning For Profit, and the highly anticipated book, Superior Selling Skills Mastery, has extensive experience in sales, training, marketing and personal development spanning a successful 25 year career.. Daniel Sitter's top article generates over 33100 views. to your Favourites.