Everyone one of us was lucky enough to receive the same deposit today.  What I am really talking about is not $86,400 dollars, but 86,400 seconds of time everyday each of us are alloted.  All of us have the same bank that makes the same deposit, and at the end of the day the balance that is not used does not carry forward to the next day. If that is the case, wouldn’t it make sense to use up as much as you can on the things that matter most, or can create the most leverage in our lives and in business?

Do you know the value of your time? Do you know what you are really good at in your business? Do you know what generates the most revenue in your business? Over the last several years, I have learned many ways to be far more effective with my time.  Using the principle of leverage, delegation, and automation.   

For the purpose of this post though, I just want to go over the basics to show you a way to figure out the value of your time. To figure out what your time is worth take your annual salary, “75,000″ chop off the last 3 zeros, then divide it by 2.  This breaks sown to roughly $37.50/hr. 

So if that is the case your time (in the case of the example) is worth $37.50/hr, I want you to start thinking of activities you could have others do for your that you could hire someone to handle.  I found a site www.DoMyStuff.com just this last year that was pretty cool was of having people actually bid on your tasks.  There is www.AskSunday.com for tasks that you might only need from time to time.  They will work on a task up to 20 minutes.  I found this was great when I was looking to find a store that carried a certain toy I was looking for for my son.  I had them call a bunch of store in the area to see who still carried it and what the cost was.  Another source might be to search for someone on www.craigslist.com.  Moving forward for the new year you might consider outsourcing ALL the stuff that you do not like to do, or that which does is not revenue related.  Start experimenting and see what works for you.

Please let me know your comments, and please share your experiences you’ve had with personal outsourcing.�