Technology saves you time in 3 easy ways:
Automation | Efficiency | Simplicity
When is the right time to invest in Technology?
Now, because simply put, it's called opportunity cost. The time spent on manual input and manual calculations can all be decreased when making use of the right tech.
Let's do the maths:
Your manual input and calculations for sending your quotes and doing your bookkeeping equates to 4 hours a month (that's if you're lucky)
You charge $75 per hour for a consultation.
Your manual, I can do it myself and "save money" attitude is effectively costing you $300 per month.
You spend $100 per month of an online accounting system and online proposal / quoting tool.
You need to sell ONLY TWO consultations to make a return on your investment and MORE!
As a start-up business owner you need to split your time into two winning components;
1. 80% Revenue generating activities.
2. 20% working on your business.
As for the rest; Automate or Outsource.
It's all about productivity.
As a business owner, your time is literally money! When you understand this you will do everything in your power to be as productive as possible.
A Healthy body = A Healthy mind
It's simple! When you're rested and feeling good, you get way more done in an hour than in 3 hours. You need to mange your energy and not your time.
Understanding your sleep cycles increases productivity by a long shot. Aim for 90 min cycles and no less than 6 hours a night!
Release those endorphins for a minimum of 20 minutes per day and experience your productivity sky rocket.
Drink plenty of water.
You are in this journey of entrepreneurship to build a legacy and that means you're playing the long game, play it smart!
Stay relevant, stay ahead.
You are living in a world that is changing every day and you need to constantly be on the look out for new or improved ways of doing things.
Keep ahead of your competitors.
Do not be afraid of change.
Understand the 4 types of innovation:
1. Incremental Innovation.
Utilize your existing tech to increase value to your customer.
2. Disruptive Innovation.
Apply new tech or processes to your company's current market.
3. Architectural Innovation.
Take your lessons, skills and tech, and apply it to a different market.
4. Radical Innovation.
This gives birth to new industries (or swallows existing ones) and involves creating revolutionary technology.