When you think of the work that you do, personally or professionally, do you ever place a value on it? I know this sounds rather trivial to anyone that runs their own business. However, what if you have a typical 9-5 and no interest in anything entrepreneurial? Do you ever think about the cost associated with your time? Or how about the importance of that time? This topic has actually been on my mind quite a bit recently as I have had conversations with my mentor. We have spoken about the very limited amount of time we as individuals have, and how to overcome that obstacle.
This isn’t always the easiest exercise as I don’t place the same value on every hour. Additionally, outside variables may increase or decrease the opportunity cost “dollars”. Opportunity cost refers to the potential gain of various available activities that is lost when an alternative is chosen. For instance, if I dedicate an hour of my day to reading a book. If that hour was the only free time I had available, then I cannot use the hour to also play a game, watch TV, or draw a picture. I decide how I want to spend a particular resource, and then accept that it is spent and cannot be re-used for something else. It is up to me to choose the importance placed on each task.
I have, at any given time, multiple projects going on that take up a lot of time. Also, I have the same limited number of hours, each day, to accomplish as much as I can. Currently, I am working on identifying key areas that I could potentially offload to someone else. Now my businesses have not grown to be able to support employees yet, but there is an alternative. Virtual Assistants may be the answer for me. Working with them, I can have my VA pursue items that I either don’t want to do, or may be lesser in importance.
There are multiple sites that you could get this service from, so it is a good idea to do some research. I am still early in that process myself, but the good news is there are so many reviews from people like you and I. Treating it like any other service is the best way to handle it. If you don’t feel the value is there, then try someone else. The biggest part of it though, is having things for your VA to work on. If you don’t identify items beforehand then you will be wasting money. This system works by providing them with things to do. It is the only way you’ll be successful at increasing your productivity without the constraints of only 24 hours in a work day.
I know that this is very important for me to be able to focus on my projects. I just need to finish the list of the tasks I will be offloading. Regular and repeatable, that’s my criteria. I know I will have to teach them what I hope to see, so that is the next step. Do any of you have experience with anything like this?