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Where does the time go? Billable time. As a consultant, your practice may be doing reasonably well; you’re charging $100-150 an hour. As an independent consultant, you’re probably also doing everything from grinding the coffee to editing the umpteenth draft of your brochure. To understand where you spend your time, list and categorize all your activities into clerical, professional and other suitable groups. Calculate how many hours you’re spending on each—daily, weekly, monthly, annually. Some you enjoy, some you’re really good at, some are a pain in the neck The point is, no one is paying you to do them. The more time you spend on client work, the more you bill. The more you bill, the more money you have available to pay someone else to take care of the stuff you’d rather not do or should not be doing yourself. The time you spend on unbillable tasks makes you a very expensive clerical worker. Keeping the cash to yourself sounds good, until you really think about it. You wouldn’t pay a secretary $150 an hour, but that’s precisely what you’re paying yourself. Your time is valuable and should be spent earning money or on activities that grow your business like marketing or product development. The rest is just overhead—costly overhead. Can you afford not to hire someone? And, it’s not just the on-going clerical and administrative stuff you can be helped with. Many of our own clients come only after having spent hundreds of hours trying to create their own marketing materials. Entrepreneurs strongly resist giving up any responsibility. You know the refrain, “If it’s going to be done right, I’ve got to do it myself.” They struggle endlessly with business plans, and similar activities unrelated to their field of expertise. You may indeed ask, who better? The answer is, your professional colleagues. They may charge the same hourly fee, but the job is done in much less time and they bring objectivity and fresh ideas. This is not only less expensive in the long run, but these things will also be done better. The repercussions of doing a inadequate job on your business plan, marketing materials, accounting, etc. can be severe. Certainly, keep an eye on things; but don’t spend more time than you must. Leave the grunt work to others. Hiring clerical and professional help is practical, and necessary—if you want to squeeze the most out of your practice. FaithBuilders - Family Ministry Resource. - Discussion starters for families seeking to nurture the faith development of their kids. Skyrocket Your Salary To $32,360.00 More. - Use the crazy job seeking secrets in this PowerPoint course to put your career on the fast track and boost your income! 
Anime design ticket Tobu Railway and Chichibu Railway have started to sell a ticket designed a popular anime "Raki Suta (Lucky Star)" and "Ano Hi Mita Hana no Namae o Bokutachi wa Mada Shiranai (We still don't know the name of the flower we saw that day) on Jan. 21 2012. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 |
More Articles:1. Great Employees = Passionate Consumers By Harry Hoover Companies spend millions of dollars each year identifying their brand, and then communicating their brand promise through various media.Employees are the primary "media" in the majority of brand contacts. Raise your hand if you think a majority of your employees understand your brand promise well enough to live it and articulate it clearly.Gallup research of 300,000 businesses indicates that 75% to 80% of your people are achieving much less and feeling far less enthusiastic about their work th… Dry Skin Treatment 2. ISO 9001, What Next? By John Oakland The overriding goal of ISO-14000. (History 1995)As ISO-9000 becomes a way of life for the global business community, ISO-14000 is almost ready to debut with its own set of standards for voluntary environmental compliance.Much has been heard recently about the antiregulation sentiment sweeping across the country. Lawmakers in Washington have responded with talk of "regulatory reform" and programs aimed at "re-inventing government."One of the targets of this regulatory backlash has been the ever… 3. Towing on the Net By Todd Althouse The Internet has grown significantly in the last several years. Almost all businesses today use email for everyday correspondence. It is being used in the towing industry by motorclubs and towers alike. The motorclubs dispatch calls and accept claims over the Internet. Many towers are using it to send pages to drivers, to track their truck locations, and in some cases they have even virtually eliminated the radio by using two-way pages or Mobile Data Terminals (MDTs). The next generation of to… 4. Selecting A Collection Agency By Steve Austin If you run a business, you are sure to have some customers who require a lot of follow-up before they pay you. Often you spend too much time and energy to collect money that is rightfully due to you. Giving this task to a collection agency will help you:Concentrate on your core business rather than on non-core tasks like debt recovery. Increase your debt collection and reduce bad debt.Selecting A Collection AgencyYou must consider the following factors while selecting a collection agency:1. Ex… |
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