Do you calculate your personal return on investment (ROI) for the overall costs incurred by spending your time?
Let’s have a look at this …
If I charge clients $100 per hour for individual consulting but then spend 2 hours a week filing, that’s $200 in potential earnings gone. That’s $800 per month, and in a year… thousands!
And even these costs are only dollar amounts. What about the things that are much harder to quantify but far more valuable … such as time you spend at work instead of investing in the emotional, spiritual and physical well-being of you and your family?
Action – Calculate your average hourly income. For 2 weeks, track your activities and measure your Personal ROI.
Everything you do costs something. Knowing your Personal ROI can help you make more effective choices and balance out some of these costs, at all levels.
(originally posted March 24, 2010)
(photo courtesy of Aleksandr Lobanov)