The Continuous Depletion of Time Account

Do Not Waste Your Most Valuable Resource – Time. The One-Shot Supply of This Mostly Precious Asset Should Not Be Taken As Granted 

When we were born, we all started with one-time supply of our time on earth. If you consider your first day on earth as Day 1 and assume you will live up to 100 years of age, here is what you have:

100 years X 365 days = 36500 days X 24 Hours = 876,000 hours.

These numbers are the same for everyone. Whether we are old or young, black or white, religious or atheist, the world’s richest person or the world’s poorest person, all of us have the same amount of time to waste and to utilize. Time is neutral, does not discriminate, and does not treat anyone unfairly.  

The moment you were born, you started depleting your time account. Although some of us may live longer than others, but we can’t stretch time beyond our mortality. Think of time as your bank account where you have 876,000 units (or more or less depending on how long you live) deposited for you only once. There is no way you will be able to deposit more units or manipulate your account to inflate your units.

Yet, most of us take this most valuable and precious resource for granted and keep wasting it till the day when we have nothing left in our time bank account. The difference between a successful person and failed person in every aspect of time is the results of how successfully or poorly each utilized their time.

Let me give you some examples of how poorly we waste our time which can never be deposited back into our time account. These examples are hilarious and sad at the same time, as we failed to value our most precious resource, “Time”, which can never be recovered.

- Driving hours to save $10 
- Standing in long lines and wasting hours to get free stuff 
- Sleeping away the whole afternoon 
- Buying and then returning something many times and spending endless hours doing so 
- Spending hours watching useless TV channels like talk shows and reality shows 
- Spending unproductive hours online on sites like Facebook, YouTube, etc.

These examples can go on and on. But you should have an idea already how people are endlessly wasting time without realising what they are doing.

Stop the leakage of your most valuable asset – your time. Consider every moment of your time is precious and understand that it will never be regained. Utilize each unit of time properly and in productive ways. Lifetime success and happiness will be upon you if you can successfully manage and use each and every unit. Time is what makes the difference between a winner and a loser. Don’t wait for that moment to regret when you will have only the last remaining units in your time account.

Why Go For Outsourcing?

Outsourcing Can Benefit Your business

Outsourcing has grown in popularity in the last couple of years. For a long time, it was something that was the sole preserve of companies who had specific funds for paying outside contractors to do things that were outside their skill sets – for example if a company specialized in one field, such as sales and marketing, they would outsource things such as cleaning and IT solutions. However, among other things, the Internet has now made it more possible than ever to run a business from your home as an individual. In addition, with all business people aware of the old maxim, “time is money”, there are more and more things that the individual has found can be best addressed by outsourcing.

Outsourcing itself covers a very broad range of services that are best divided into two sections: Business and Non-Business needs. The difference between the two sections is more or less self-explanatory. Suffice it to say that Business needs are things connected specifically with the service that you, the business owner, requires in order to keep the business running – these include such things as web design, accounts and sourcing required items and services. Non-Business needs are more connected with personal or household tasks that take time that could be used to deliver what is required from you by your customers. This includes things such as cleaning and other essential chores.

There are very few tasks that cannot be outsourced in this day and age. As a business owner, it is for you to decide whether outsourcing is something that you wish to practice. In order to make this decision it is worth auditing what your daily routine involves, where you can make changes and where you wish to make them. If you feel that you are best served by having all your time free to concentrate on delivering what is required of your business, the chances are that you would be best outsourcing as much as you feel comfortable with. You probably do not much enjoy cleaning and tidying, for example. And depending on your arrangements you can end up spending a couple of hours a week at the task, which in turn can lead to lost opportunities to build and serve a customer base. Therefore, you should then ask yourself whether that task is a productive use of your time. If the answer is “no”, then you can look to outsource your cleaning to a specialist.

Business needs are, if anything, more crucial. If your specialist area is – taking an example – accountancy, then there is every chance that you are not the world’s best web designer. Nevertheless, an attractive, easily navigable website with user-friendly interface is more or less essential for an individual businessperson. In this case, handing over the task of designing a website makes all the sense in the world. It won’t come cheap if you are using a top designer, but if you cost the process based on how much business a good website will send your way (generally a very large amount), then it can pay for itself several times over.