How Entrepreneurs Go On Shopping Sprees With Their Time
How Entrepreneurs Go On Shopping Sprees With Their Time
To Master Money, Prioritize The Finiteness Of Time
Harry Sandhu
The most transformational lesson I learned when I was a do-it-all entrepreneur is that you can always get more money, but not more time.
Time is a finite pool that keeps diminishing the more you draw from it. And once you’ve drawn out all your time, there’s no additional time you can buy, that’s it.
For some reason, more entrepreneurs confuse the time pool for the money pool.
They act like they have an infinite amount of time when the opposite is true. Money has the potential to be replenished without a cap.
Time cannot, and time travel ain’t real folks.
Time Is Precious
If you’ve worked day and night on your business, lost countless hours of sleep, missed out on those family gatherings and excursions, all to move the needle a tiny bit — you need to have a conversation with yourself about whether all that unrecoverable time is worth the loss.
When you don’t understand the value of time, you spend from your time bank frivolously. You toss out hours here and there on tasks that mean nothing to you because you don’t have values guiding you to spend it wisely.
You’re that person that goes on insane shopping sprees without any awareness that you’re about to max out three of your credit cards, again.
Just like money, when you continue spending your time without checking in on the balance, your debts will catch up to you.
Master Your Time
Thankfully, in many scenarios, you can exchange the time you want to protect with money.
There are a lot of talented people out there who can do a lot of the work you’re currently spending your limited hours on. There are software and service options ready to work for you in exchange for a small fee.
A beautiful, unexpected lesson I’ve learned is that the more thoughtful you are about protecting your time, the more lucrative decisions you make for your business.
Boundaries and thoughtful time management always translate into profits.
When you respect your time, you move through your business with a heightened taste for quality.
You begin to look for opportunities where you can pack more punch within the limited time you have inside a day. The ‘Oprah has the same 24 hours as you’ mentality really starts to sink in and spark your curiosity.
There’s a time for hustle when you have to get your hands dirty, and there’s a time for rest and to give it to someone else.
By creating that separation and prioritizing these definitions for yourself, you’ll find you’re mastering your take-home income, while also living that life you set out to achieve.⠀
Because that life is why we do this, isn’t it? ⠀
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