What if there was a way to calculate exactly what you are worth, right down to the “hour”?

 

Most people who are self employed or own their own business and work on commission never really know for sure what they’re time is worth. BIG problem. And almost none of them know what they’re time is worth “per hour.” If YOU don’t know what YOUR time is  worth per hour, per day, how on earth can anyone else? And if no one knows what YOUR time is worth how could they ever “value” YOU or YOUR time?

 

Think about that.

 

Now, let’s think about fixing that…

 

What if there was formula to calculate exactly what your time was worth right down to the hour?

 

The good news is, there is one. The bad news is, you may not like what you’ve been doing with your time up until this point…

 

The formula I’m about to share with you is very powerful, very real, and unlike any you’ve ever seen. It defies all normal, ordinary time management and productivity principals.

 

But, hey… who’s interested in “normal” or “ordinary” anyway?

 

So here it is:

 

Let’s say you earn $200,000 per year (or perhaps that’s what you’d like to earn) and you work 8 hours per day 5 or 6 days per week. Let’s back out a few weekends and holidays and call it 250 actual work days per year. So, simple math says 250 work days per year multiplied by 8 work hours in a day would equal 2,000 “work hours” in a year…

 

Simple math says you’re worth $100 per hour, right?

 

Simple math would be wrong.

 

Studies have shown over and over again that, at best, 1/3 of your work time is actually “work time” meaning only about 3 of the 8 hours of your work day are actually “profit producing” work hours. And nowadays, with all the distractions we’re faced with, it’s likely a LOT less than 3 hours… A LOT less.

 

But let’s call it 3 hours. And let’s calculate your real hourly worth.

 

Let’s take the same 250 work days in a year and now multiply it by our NEW number – 3. Remember, 1/3 or less of your time will be productive, “profit producing” time so 3 hours in the day (not 8), which would now equal 750 “real work hours” per year. Now,  your time is worth $267 per hour. This is the real number…

 

This is three times what you would have originally thought, making your worth three times more per hour, making your time three times more valuable!

 

I don’t know about you, but when I did the real calculation a couple of years ago and found out my time was three times more valuable, I looked at my time a whole lot different. I started valuing my time a LOT more and started wasting a LOT less of it…

 

Going into to 2010, I calculated my real hourly worth to be $1,825. Do you think I’m wasting much of my time each day, or letting anyone else get any where near wasting it either? I think not. But if I didn’t know my “One Number,” I may easily let a lot more of my time slip away. It’s human nature.

 

So anyone who tells you: “what you don’t won’t hurt you,” is right. What you don’t know won’t hurt you… it will kill you.

 

To give credit where credit is due – this is a principal I got from Dan Kennedy and it has completely changed my business life and can do the same for you if you’re willing to take the time to place a value on your time, a real value. Because again, if you won’t, no one else will either…

 

I suggest you pick up Dan Kennedy’s highly popular book: “No B.S. Time Management For Entrepreneurs – The Ultimate, No Holds Barred, Kick Butt, Take No Prisoners Guide To Time Productivity & Sanity.”

 

Great title, right? Love it...

 

He breaks down the above formula even better than I did and goes deep, deep into time management and productivity strategies that most will never, ever know…. which is why most will continue to struggle with managing their time and getting things done. But not you, not now…

 

 

Best,

 

Andrew J. Cass

This entry was posted on Wednesday, January 13th, 2010 at 7:22 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.