Adam,

This is absolutely true. And it also applies to hiring/outsourcing vs. doing work yourself. A lot of entrepreneurs have big dreams for their businesses, but then they go ahead and become employees of their own businesses. The problem is, if you own a web design business and you're putting 45 hours a week into web design and 15 into planning/management/etc, then you will never grow your business. You need to realize that your time is more important than your money, and just make the leap to hire somebody or start outsourcing. Now, all the sudden, you have 60 hours a week to figure out how to grow your business 10x in the next quarter. Mentally, it might seem like a step back, but like you said, there are only a certain amount of hours & days in a week, and if you're going to grow your business, you better be planning and managing that growth full time, not "sitting back" and doing work employees should be doing.

- Anthony
Anthony | 09.10.06 - 10:58 pm | #

Awesome, awesome comment Anthony (as usual). What you said is certainly true - many times it's more efficient (and better business) to outsource or hire rather than do it yourself. I always think of "work on your business not in it" from The e-Myth. If you spend all day doing the worker-level stuff you don't get to spend any time on the management-level stuff that, as a business owner, is where your time is usually best spent.
Adam | Homepage | 09.12.06 - 12:40 pm | #