A Quick Way NOT to Lose Money in Business!
You will continue to lose money in business until you identify the reason why! If you haven’t created income or make less money in your business, keep on reading ..
Jewish, world most smartest businessmen know that Time = Money!. You may claim that you are a “working machine” who work for 18 hours a day or etc … but my question is, are you making your time productive?
What do i means by productive time? Rich Scefren, who is a brilliant internet multi-millionaire said there are 3 types of productive time:
a) Non Productive Time
- surfing internet
- chatting with friends
- studying and learning time
- cleaning your office
- checking email
- etc…(any activities that did not produce income in your business)
b) Productive Time
- Creating Product
- Marketing Product
- Managing Money Project
- etc..(any activities will produce income in your business)
c) Super Productive Time
- Creating a system that create product
- Creating a system that market product
- Create a system that build scale
- etc..(any activities that creating a system to multiply or leverage your business)
Here is a method how to calculate what your time is worth (it blows my mind!). Let’s find it out:-
A = How much money you want to make in the next 12 months
B = How many days a week do you work?
C = How many hours a day do you work?
X = How many productive hours a day do you work?
Y = How many productive hours a week do you work?
Z = How many week per year do you work?
Now make a simple calculation: (Y) x (Z) = T
What you time is worth (per hour) = (A) / (T)
Now you know how much is your time worth. Focusing on the productive hours and super productive hours will help you to make more money instead of losing money in business.