I started to shift my thinking to time is the most valuable asset in a persons life. If I were to take 10 years on a project thats 10 years behind I’d be on something else not included my thoughts/beliefs relevancy.
Honestly if time was Gold and you had to produce X amount of free time every week while maintaining a high level of output in your business how would you do it?
By being lazy and creating systems – By throwing money at your problems instead of fixing them yourself – I should be mapping out the cash outlay for scaling and determine how fast I can do it and then do it.
If I’m willing to do something that I’d pay someone $10 a hour to do I must not think that If I paid someone that that I’d be getting the $10 back and if thats the case I shouldn’t be doing it at all. So if you’ve proven a model there’s no reason not to throw cash at it even if it will make the money on the back end. This is so fucking obvious but most people don’t think this way. I’ve actually never heard it broken down this way which is unfortunate since I feel a lot more people can make sense of this than treat your time like an hourly rate “My hourly rate is $60” If I can pay less than that for a task I wont do it.
My argument always was well what if you’re doing nothing? Than the $20 you’d pay someone is infinite amount of profit which is a solid investment.
If I can speed up how fast I get to a goal with the amount of money I put into it why wouldn’t you do that? Risk? Well the Risk would also come with some guaranteed benefits like forcing you to grow your business systems, putting pressure to optimize where it counts, taking things more serious since you have skin in the game, and you’d learn skills you wouldn’t have otherwise.
Im going to get an all gold watch to remind me time is gold
January 4th 2021 Approx. 8:15 AM