We have heard the adage Time is Money its neither a bad idea nor a crude definition, what it really does is to emphasize the importance of time management, for anyone and specially the entrepreneur who is keen on establishing a routine in business, while trying to practise the skillful art of delegating business chores to others.
When it comes to time management, the entrepreneur is no different from anyone else, salesmen, full-time or part-time workmen/women, or even those who work on a commission basis, after all it is his/her own time to spend effectively or wastefully. When the salaried employee whose stake is minimal in the business, can calculate his/her earning rate per hour, it is all the more relevant for the entrepreneur businessman, to be able to reckon his /her earning rate in dollars.
Normally business owners have to engage in a number of critical activities, that include planning, organizing co-coordinating and reviewing, directly and through on-line systems, which often extends working from a few hours to 18 or 20 hours per day except perhaps sleeping time. What really gets misplaced or pushed to the background is how best the time is spent, or how...
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