Your Most Valuable Resource and How to Reclaim It Now
As any regular person these days who is busy like everyone, you likely spend most of your time thinking about how to get it all done, what you meant to get done, cash flow, and worry about when you’re ever going to get he to do list completed. Your most valuable resource is not money, it’s actually your time and it’s time for you to invest a lot more of your energy using money, which is infinitely renewable, to free up what’s nonrenewable, your time, energy and attention.
For some, the very term “time management” is like nails on a chalkboard.
But if you’re the owner of a small business, managing your time wisely is critical. You’re the most valuable person in your company, and you cannot afford to spend time spinning your wheels. Even if you’re not a business owner, you cannot afford to waste time not getting the things done in life that you really want to get done.
To turn a profit in your business or your personal life, you need to maximize the time you spend doing things that only you can do and use your money to wisely hire out the rest. Of course, for a sole proprietor in business, it can be difficult to pass tasks along to others. Nevertheless, there are many options available to assist owners of small businesses, even single-member businesses. These can even extend to your personal life, as well.
Time-Block to Bend Time
The number one key to reclaiming your most valuable asset is time-blocking. Use your calendar to manage everything that needs to be done in the highest leverage ways. And, if it’s not on your calendar it doesn’t get done.
To see the way my dear friend and mentor, a single mom of two children with two businesses handles it, check out this video where she shares her time-blocking system laid out for you. I use this system and it really keeps me focused in the right direction.
Find a Competent Assistant and Gatekeeper
Sure, you may not be Bill Gates, but having an assistant isn’t out of the question. In fact, hiring a virtual assistant is cheaper and easier than ever before. Outsourcing basic tasks to your assistant such as bookkeeping, returning calls, and email maintenance is critical to free up your time for business-building tasks.
If you’re working a job, hiring part time help around the house may be an awesome way to free up some of your time to spend with family or work on that heart project you’ve always been wanting to spend time on, but keep putting off because there is laundry to do every weekend. A slight shift in your focus can work wonders for your life.
Services like Fancy Hands abound in the United States, and you can screen and hire international virtual assistants using services such as Upwork and Freelancer for far less than you might expect, with no tax consequences. Services like Handy are amazing to add inexpensive help around the house.
If you are a business owner, you do want to make sure you have clear agreements with all freelancers and independent contractors. We can always help you get this in place.
This article is a service of Amie Mendoza, Creative Business Lawyer®. We offer a complete spectrum of legal services for businesses and can help you structure your operations for success. We also offer a LIFT Start-Up Session,™ which includes employment structuring, financial, and tax systems you need for your business. Contact us today if you’d like to learn more.