Thrive! TV Tip ~ What do you cost your business?

Thrive! TV Tip ~ What do you cost your business?

  Have you ever taken a moment to understand what you cost your business? [new_line] Think about it – if you had a revenue goal of 100,000 per year – and you costed your time per hour to get that figure – do you know what it would be? [new_line] There is a long formula that works this out but the essence of it is, to get to 100,000 per year your time is worth 122 per hour …122 dollars, pounds, euros whatever… [new_line] So if your value to the business is 122 per hour, then how much is standing in the queue at the post office costing you? ….. you’re right 122!!! [new_line] Think about what difference it would make if you had a lower cost resource standing in that queue for you – the maybe someone you paid £20 to, then you would have that hour back to be doing higher value activities to really build your business[new_line] Your Action: Think about what your time is costing you – as you start a new task ask yourself – am I really the best person to be doing this?[new_line] Would you like a weekly burst of momentum delivered straight into your in box? Simply click on the button below, we’ll send you the latest tip each week! Sign me up for weekly Thrive!...
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