What's Your Time Worth?

Do you know how much your time is worth and would you be inclined to fritter it away on things that don't add value if you knew what it was costing you?

If your time is charged at an hourly rate – how much is each hour of your time worth – to either you or your boss? To get some perspective on where you’re spending your time, know what your hourly rate is.

What is your annual salary? ____________

What is your weekly rate? ____________
(Based on working weeks in the year)

What is your hourly rate? ____________
(Either that you actually charge or the number of hours you actually work on your business).

Now you know what your hourly rate is, use it as a guide when you’re looking at how and where you spend your time. If you could find an extra hour a week or even an hour a day, what would that really be worth to you? How much more could you achieve?

Think of where you could delegate your time rather than spending an hour of your time on admin or doing your accounts when that hour could be spent earning money for your business.