Good Tips On Valuing Time In Business

Here are some good pointers I just read from IttyBiz on "How To Stop Your Business From Sucking Up All Your Time".

First advice is to respect your time because time is money. This is an important tip to make us realize that if we are not careful to use our business time to earn money, it will drain our resources (time & money). To quote his remarks; When you’re spending your own money, you tend to waste it less on stupid things you don’t really want. If you’re shelling out cash and you don’t get something you definitely want in return, you’re not going to do it for long.

Second advice is to prioritize your activity to get the money first (termed as closest to cash). The important thing is to convert your time to cash. Once the money is achieved, you can plan for other things to do. With this in mind, it's logical that people will stop wasting time screening through the social media.

Third and last advice is to fix the weakness in your business. This includes getting a real strategy to attract the right target group. To pick a quote; Make your vague branding specific enough to be relevant to people who visit your site for the first time. Your weaknesses are costing you sales that you SHOULD be getting.

I personally think these advices are brilliant and very true.