Lessons Learned #10 – Money or Time, You’ve Got To Pay

Help Desk | October 28, 2009 in Building an eBiz | Comments (6)

Tags: book, Building an eBiz, business, business manager, consulting, consulting business, entrepreneur, how to, Learned, Lesson, Lessons, lessons learned, Management, management skills, time lesson, training, Write a "how to" book

My background is in IT. I’ve been creating websites since the web was initially opened to the public. I even know why HTML is scripting not programming, what the initials mean and where it came from. (HyperText Markup Language was a subset/supraset of Standard Graphics Markup Language. SGML was a statndardized set of codes which controlled the big printing presses. Think typsetters marks).

In fact, my consulting business is in IT. Most of the training we do is in IT (or management skills).

But in this business I am first and foremost a business manager. An entrepreneur.

And at some point I need to decide. Is the work that needs to be done worth my time to do it? Would I be better off hiring someone and letting them do the work for me? Even though I can do it, it may not be worth my time. Better to throw $$$ at it than the one asset I can’t replace or increase – my time.

Lesson Learned #9:

Money or Time

If you want to play, you’ve got to pay. Your time is always more valuable than the guy beside you. The key to success is to know what you need to do, what you shouldn’t do and who to hire to do it instead. The corolllary is that hiring the cheapest isn’t necessarily the best way to get the job done. Sometimes, paying more is a better investment.

Tags: book, Building an eBiz, Building an eBiz, business, business manager, consulting, consulting business, entrepreneur, how to, Learned, Lesson, Lessons, lessons learned, Management, management skills, time lesson, training, Write a "how to" book

6 Responses to “Lessons Learned #10 – Money or Time, You’ve Got To Pay”

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Comment by Danny Ajani — June 18, 2010 at 11:07 am

To start earning money with your blog, initially use Google Adsense but gradually as your traffic increases, keep adding more and more money making programs to your site.
Comment by Help Desk — June 20, 2010 at 3:37 pm

That’s one of several earnings models. Google adsense isn’t going to produce much in the way of earnings though. Even when you do have large traffic.
Comment by senuke — June 21, 2010 at 12:29 am

Useful tips! they are going to help me when i have nothing in mind to blog about, thanks
Comment by se nuke review — June 21, 2010 at 2:04 am

Blogroll links aint that great but i am not the admin… … Just Telling
Comment by make money with google adsense — July 27, 2010 at 8:22 pm

Keep on blogging! its getting through the tough times that make you stronger and then the good times will follow, keep writing about your experiences and we should all pull together.
Comment by seobook — July 28, 2010 at 8:38 pm

I work in internet marketing on the product side, so it’s great to be able to gain more insight into how affiliates are choosing their products, though I strongly feel that you are a rare one who takes into consideration the needs of their visitors.