KEY TAKEAWAYS
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Prioritize High-Value Tasks: Focus your time on activities that have a high impact on your business, such as tasks worth $250, $500, or even $1,000+ per hour, instead of getting bogged down in low-value, $20/hour work.
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Opportunity Cost of Low-Value Work: By spending time on tasks that could be outsourced or automated, you’re not saving money—you’re actually costing your business significant revenue by missing out on high-leverage activities.
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Transform Your Workflow: Identify, delegate, or automate low-value tasks, and concentrate your efforts on high-impact activities to significantly boost your business’s bottom line.
We all know that what you choose to work on in your business has an impact on how successful you’ll be and your bottom line.
But what I didn’t realize was exactly how much of an impact.
It’s not just significant… it’s staggering.
Let’s look at some math that will blow your mind and talk about how to fix this single issue that will TRANSFORM your business.
Let’s say you work 40 hours per week in your business.
If you spent half of those hours doing $20/hour wage activities (things you could pay someone else $20 per hour to do for you), you’ve saved yourself $400 by doing them yourself… right?
Well… hold on… not so fast.
See, what really happened is you just COST your business a TON of money.
Why? Because you should have been doing the high-wage, high-impact activities in your business.
The ones that make the business real money and actually move the needle and have a $250, $500, or even a $1000+ /hr value.
And check this out…
One single hour spent doing $100/hr activities is the exact same as doing 5 hours of $20/hr activities.
That means that 8 hours per week doing $100/hr activities = 40 hours of $20/hr activities.
So what do you do from here?
- Identify the high-value tasks in your business. The ones with high leverage.
- Focus on those tasks
- Hire out or automate the low value tasks
Good luck!
Wojo
Build An Extraordinary Business That Provides Freedom, Flexibility & Financial Security
