Time Vs Money

I can remember when I started my business reading a book or a magazine article where it talked about the two major limitations in running your business - Time and Money. And in reality it can be applied to most of your life too.

For example, do you have the time to do that home repair or the money to have someone else do the repair for you. Time might involve going to the hardware store, researching how to fix the repair, performing the repair, etc. Or do you have the money to just simply hire someone to do the job for you.

Just starting out I had more time than money. So what did I do, I figured out the accounting system. I figured out how to create web pages and websites. I figured out what was necessary to process an e-commerce transaction securely. Basically, I figured it out.

When you are stressing out about all the things that have to be done running your business (or really running your life), keep it simple - do you have the time to figure it out or do you have the money to hire someone to help get the task done.

And if you are looking for more information on Time Management and willing to listen to some very different advice. Check out Dan Kennedy's No B.S. Time Management for Entrepreneurs. It is perfect for anyone that has a job and is looking to be more productive and happier in life. I recently read it and it has changed how think about Time Management. I only hope I can implement some of the ideas discussed in this book.