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How To Find More Time For Your Business

Author: Karen Sielski

Do you use lack of time as an excuse for starting a business? Let’s take a closer look at a fundamental principle of time. The 2 things you can do with time are spend it or invest it. Let’s look at each of these options. If you spend time, it’s  gone forever. There’s no getting it back. However, when you invest your time appropriately, you can create a lifetime of residual income. 
Here’s how it works. Start by determining how much residual income you want to make per year. Let’s say your goal is to earn $200,000 a year. That works out to about $100/hour for an 8 hour work day. Bottom line, your time is now worth $100/hour. 
The next step is to look at your activities, for example, watching tv. If you are watching 3 hours per day, and the average in the US is actually much higher than 3 hours, and your time is worth $100/hour, you are throwing  $300/day out the window. 
Let me ask you, is it worth $300/day to watch that much tv? $300/day is $2,100 per week, and over $100,000 per year! Can you really afford to watch that much tv? Now, I’m not saying to stop watching tv completely, but hopefully knowing this information will make you more selective.  Try to cut back to ~1 hour/day instead of going cold turkey.
Now let’s do an exercise with your goals. How much income would you like from a home business? Now take a look at how many hours of tv you watch per day or spend on other activities like hanging out at Starbucks. 
Take your income goal and divide by 250.  This will give you the approximate number of work days in a year. That’s how much you need to earn in 1 day. Divide by the number of hours/day you want to work. That’s how much your time is worth.
Now look at other ways you spend your time like cleaning your house or taking care of the yard. If you can hire someone to do those activities for less than the hourly cost of your time, you can use that time to work on achieving your income goal. What if you could hire a virtual assistant for $4-5/hr, just like I do, to do many tasks?
When you look at it this way, do you think you can find the time to start a business and create the life you want to have, not the life you currently have?
And now I would like to invite you to claim your Free Access to "15 Ways To Grow Your Business Online". Just send an email to kw-online-mktg@aweber.com and you’ll start receiving valuable information that can help you get more traffic to your website or blog and make more money from your visitors.

Do you use lack of time as an excuse for starting a business? Let’s take a closer look at a fundamental principle of time. The 2 things you can do with time are spend it or invest it. Let’s look at each of these options. If you spend time, it’s  gone forever. There’s no getting it back. However, when you invest your time appropriately, you can create a lifetime of residual income.

Here’s how it works. Start by determining how much residual income you want to make per year. Let’s say your goal is to earn $200,000 a year. That works out to about $100/hour for an 8 hour work day. Bottom line, your time is now worth $100/hour.

The next step is to look at your activities, for example, watching tv. If you are watching 3 hours per day, and the average in the US is actually much higher than 3 hours, and your time is worth $100/hour, you are throwing  $300/day out the window.

Let me ask you, is it worth $300/day to watch that much tv? $300/day is $2,100 per week, and over $100,000 per year! Can you really afford to watch that much tv? Now, I’m not saying to stop watching tv completely, but hopefully knowing this information will make you more selective.  Try to cut back to ~1 hour/day instead of going cold turkey.

Now let’s do an exercise with your goals. How much income would you like from a home business? Now take a look at how many hours of tv you watch per day or spend on other activities like hanging out at Starbucks.

Take your income goal and divide by 250.  This will give you the approximate number of work days in a year. That’s how much you need to earn in 1 day. Divide by the number of hours/day you want to work. That’s how much your time is worth.

Now look at other ways you spend your time like cleaning your house or taking care of the yard. If you can hire someone to do those activities for less than the hourly cost of your time, you can use that time to work on achieving your income goal. What if you could hire a virtual assistant for $4-5/hr, just like I do, to do many tasks?

When you look at it this way, do you think you can find the time to start a business and create the life you want to have, not the life you currently have?

And now I would like to invite you to claim your Free Access to "15 Ways To Grow Your Business Online". Just send an email to kw-online-mktg@aweber.com and you’ll start receiving valuable information that can help you get more traffic to your website or blog and make more money from your visitors.

To receive the information series "Top 15 Ways To Grow Your Business Online", send an email to kw-online-mktg@aweb.com.

Article Source: ArticlesBase.com – How To Find More Time For Your Business

Tags: BUSINESS, Your Business Online

Google reports sharp decline in profits

Google Inc. reported sharply lower fourth-quarter profits Thursday from bad investments, while its core business showed resilience amid the global recession.

The results, which beat analysts’ expectations, were enough to dispel investor concerns about how the company is weathering the gloomy economy. But at the same time, the earnings highlighted the fact that the Mountain View Internet leader isn’t immune from the downturn.

Google said fourth-quarter profit fell 68 percent to $382 million ($1.21 per share), from $1.2 billion ($3.79) a year ago. Much of the decline was attributed to a $1.09 billion charge for soured investments in wireless provider Clearwire and in the AOL Web portal, owned by Time Warner.

Excluding various expenses like the write-downs, Google would have earned $5.10 per share. Analysts had expected a $4.95 per share profit on that basis.

Google’s fourth-quarter revenue increased 18 percent to $5.7 billion, up from $4.83 billion for the equivalent period in 2007.

"Anybody who is concerned about buying Google stock is probably breathing a sigh of relief," said Jason Helfstein, an analyst with Oppenheimer & Co. "Google is still growing, and you can’t say that about a lot of media companies."

Google’s shares rose $5.40, or 1.8 percent, in after-hours trading to $311.90. Over the past year, Google’s shares have tumbled 47 percent as investors worried about a slowdown in advertising and the company’s increasing maturity.

In reaction to the falling stock, Google said Thursday it would allow employees to exchange their options for ones that have a lower exercise price based on where the stock is trading March 2. Executives described the program as a way to retain and motivate employees, 85 percent of whom hold options that are worthless at their current exercise price.

Sandeep Aggarwal, an analyst with Collins Stewart, called the option exchange, which is expected to cost $460 million, expensive and complained that it will harm existing shareholders.

Google executives have argued that the company is more resistant to recession than many other media companies. Marketers are less likely to cut their spending on search ads – Google’s main business – because it is more targeted and its success is more easily measured than other forms of advertising, they said.

The fourth-quarter results bolster Google’s argument, at least in relation to the final three months of 2008. Revenue grew in most advertising categories, the company said, helped by an 18 percent increase in ads clicked on by users.

Still, Eric Schmidt, Google’s chief executive, described the fourth quarter as "the easy part" because of retailers trying to unload excess inventory during the holidays by increasing advertising. The coming months, he said, are uncharted territory, saying he has no idea how long the recession will last.

As a precaution, Google has trimmed expenses such as dismissing 100 recruiters this month after cutting a significant number of contractors. Hiring has slowed considerably with the company adding 99 workers in the fourth quarter for a total of just over 20,222, in contrast to the hundreds of employees added to the payroll in some recent quarters.

 

source article: http://www.sfgate.com/

Tags: BUSINESS, company, Google, investor