One thing I have always said about being an entrepreneur is that it’s not always easy but it’s always worth it!
The following article, from Entrepreneur, list some very simple but effective ways to maximize your time and money. Here at All … More
How valuable is your time?
What else could you be doing to grow your business instead of doing your own book-keeping? A plumber may earn $80 per hour, but he can’t earn that if he’s spending 4 hours doing something that may take a professional bookkeeper less than half that.
So he has to weigh up $320 of lost income vs. $100.
In fact, Hanson-O’Reggio recommends entrepreneurs outsource non-essential functions almost immediately upon launching a business to let them focus on the functions they specialize in. “The expected return is greater than the investment,” she says. She and other outsourcing experts offer the following tips for determining the expected return for your business.