Entrepreneurs, Is Your Time More Valuable?

For an entrepreneur, every minute matters.

If you’re not attending to your business, then you’re not growing as fast as you might want or need to. This is why the trend of outsourcing among entrepreneurs is currently on the rise.

You might not be surprised by the news, but you are probably imagining writers, graphic designers, or coders as the ones being hired to help the average entrepreneur build their online empire.

Yet outsourcing has made it’s way behind the walls of the entrepreneur’s home as well.

Many online entrepreneurs work from home. This means it is all too easy for their home lives to get mingled in with their professional existence. The outsourcing of chores such as house cleaning, or any other small task which could be done by a personal assistant, tend to make a certain amount of economic sense.

Sure, you might think that in an economy teetering on the brink of depression, the luxury of having someone do your laundry or cook your dinner would be the first thing to get cut from the budget. The truth is, an entrepreneur’s time is often worth far more than it costs to meet their basic household needs.

Erica Douglass, a 27 year old entrepreneur, pays her personal assistant approximately $500 per month. For that half a grand, Erica’s assistant does all her laundry and dishes, among many other time consuming household chores. In return, Erica gains an extra 40 valuable work hours per month.

Like most entrepreneurs, Erica knows how to make those 40 hours sing.

Calculate the costs and benefits of outsourcing some of your more tedious household responsibilities. You might just be surprised at the potential return on investment.

Hit Craigslist today. The only way to know for sure is to try.

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