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


Have you ever taken a moment to understand what you cost your business?

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! TV

Powered by WishList Member - Membership Software
Share with your friends