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Is the Way You're Spending Your Time Costing You Money?

moneyGeoffrey Moore, in his book Living on the Fault Line, discussed the “Core versus Context Model” for businesses. Core activities are things which set you apart from your competition and context is everything else. For many businesses, this may include administrative activities, marketing activities, and the like.

As we discussed his model, we realized that this works in our personal lives as well. You want to do more of the things you’re really good at and less of everything else. Usually, we really like to do what we’re good at so by focusing on just those tasks, we can advance in our careers.

Like for us, our strength is working on content for Bigg Success. At least we’d like to think so … or more importantly, we hope you think so!

For us, the contextual activities would be everything else. So for a couple of examples, we outsource our house cleaning and the yard work. Instead of spending time on these things, we can work on our business.

You’re getting a glimpse into how integrated our personal and professional lives are. Since we often work from home, all of these decisions are floating around together. We don’t think we’re alone on this – a lot of people are finding it pays to integrate their work life and their professional life.

By outsourcing your contextual activities, you save time and you open up the opportunity to make more money. It comes back to the time vs. money conundrum …

If you don’t have money, you have to invest more time.

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georgeFor example, if you start a business that is well-capitalized, you will be able to spend your time differently than if you start on a shoestring. With limited capital, you may have to take care of the janitorial work – a lot of business owners have done that. I’ve done that!

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At first, you may have to do it yourself because there’s no money. But you want to contract it out as soon as you can because it’s definitely a contextual activity, unless you happen to be the owner of a janitorial service.

Thinking about core vs. context helps you focus on where you want to spend your time and where you want to spend your money. You think twice about spending money because there’s something else that will let you spend more time on your core.

You may find that you spend your money on things that save you time, rather than cost you time.
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marylynnI want a bigg screen TV, but we would rather spend that money on a web person. Right now, I handle our web site. So when there are changes that need to be made, I get to work. But there are better uses of my time.

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Because we know that’s not in our core. Bigg Success is still in its early stages, so as soon as we can we’ll outsource this activity. Another example is publicity – right now, we do it ourselves. We want to contract with someone who is better at it than we are and can accomplish more than we can on our own.

So although we don’t have HDTV, we do have goals for that money!

It boils down to thinking about how much your time is worth. You may find that by contracting out certain activities, it costs you less than what you can make by spending your time working in your core.

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Two Common Themes for the Jobs of the Future

By 440 Wynn Bigg]
Bigg Success Contributor
05-30-08  

Wynn Bigg Today

people 

As developed countries continue to develop, more and more outsourcing to less developed countries is occurring. Some see this as a great evil. I see it as a natural evolution. Businesses will continue to seek the lowest cost for the goods and services they buy.

So you have a choice to make:

  • You can complain about it and do nothing else.
  • You can position yourself for the future – a future that spells opportunity for people who get on board quickly enough.

If you choose the latter, there are two things to consider as you think about your own career – two factors that spell opportunity for the careers of the future in developed countries.

On site

Careers that require you to be on site will be full of opportunity in developed countries. If it can’t be done in some other area of the world, your job is much more secure. Your job requires you to be on the premises – of your employer or your employer’s customers – in order to perform your duties. For example, there will be more opportunities in jobs that require you to physically inspect the work that has been done.

In person
Careers that require face-to-face communication will also thrive in the coming years in developed countries. If you have to see the person, or they have to see you, it can’t be done somewhere else. Your job calls for the richest form of communication – in person – in order to be done properly. As an example, any job that requires a hands-on demonstration of a product will be full of possibilities.

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How to Reclaim Your Weekend

Many of us work hard all week only to work hard on the weekend! By the time we do complete our list of chores, the weekend is over. We wonder, “Where did it go?”


Get ready to reclaim your weekend

#1 – Track your time
Record everything you do, both at work and at home, for a full week. Sure, it’s a bit of a pain, but it’s worth it. 

At the end of week, look at your journal and answer these two questions:

  • What items don’t need to be a part of your life?
  • What could someone else do?

#2 – Outsource
Take a page from the corporate playbook – outsource! Find a business to clean your house, mow your yard, take care of repairs, and so on.

More and more families are outsourcing more and more. Of course, if it’s something you enjoy doing, keep doing it! But for those things that truly are just tasks on the to-do list, pay someone else to do them.

#3 – Stack tasks into your week
Squeeze your weekend chores into the week. For example, do a load or two of laundry every day throughout the week, instead of the whole pile on the weekend.

#4 – Rethink your work schedule
Instead of working every Saturday morning for a few hours, work a half-hour longer each day. Then you can have your Saturdays to yourself!

Reclaiming your weekend

#1 – Make a list
Write down a bunch of things you would like to do. Get your whole family involved. Sometimes, it’s hard to know what to do because there are so many things you want to do. Creating this list allows you to pick and choose depending on your mood.

#2 – Schedule an activity

If you don’t schedule these fun tasks, chances are they won’t get done. So schedule just one activity from your list for next weekend. Then pick another one for the weekend after that.

As you get used to having more time on the weekend, you can add activities to your schedule.

FREE tools that can help you prepare and plan for weekend fun:

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83 Leading-Edge Applications: Cozi Central]

Our bigg quote today comes from Douglas Pagel:

“Sometimes it's important to work for that pot of gold. But other times it's essential to take time off and to make sure that your most important decision in the day simply consists of choosing which color to slide down on the rainbow.”

So color your world by reclaiming your weekend.

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Next time, we’ll discuss 10 ways to get de-motivated. We’re sure it won’t be uplifting! Until then, here’s to your bigg success! 

 

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Outsource Your Household Chores to Balance Your Life

By Bigg Success Staff
04-14-08

Work – Life Balance

Many of us work hard all week only to work hard on the weekend. We work our jobs and then we have a long list of chores to do at home.

Take a page from the corporate playbook – outsource!

More and more people are realizing that outsourcing routine chores increases their quality of life.

So hire a cleaning company to clean your house.

Find someone to mow your yard.

Stop trying to be Joe or Jane Handyperson. Contract it out.

Use a personal errand service.

There are many businesses that have cropped up that will help you handle any number of tasks on your to-do list.

Of course, you may enjoy some of these things. Like mowing the yard. Maybe you actually find it relaxing. So keep doing the things you love, but find things that you don’t enjoy and delegate them to other people or companies.

Your time is too precious to waste!

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