Have you been wondering how many hours should you put into your business?
Does working endless hours make you a hero or a failure?
If there is one thing I learned from being an entrepreneur since 2003, it is about the time it takes to succeed in business. Recently I was on a vacation in Hungary and I have noticed that businesses operate shorter hours than what I am used to here in the USA.
It got me thinking. What if you had fewer hours each day to run, grow, and manage your business?
What would you change? Would it make you a better entrepreneur or would it put you out of business?
Many of us think of our time as an inexpensive asset. If you can’t get it done in 8-hours you can take 10-hours if you need to, right? But, what if you would think of time the same way we think of money.
You set a daily, weekly, and monthly budget and you can’t exceed it.
If you had to set a weekly time limit, how many hours would you say is the least number of hours you need to succeed in business?
Limit your hours
Be strict with the number of hours you allow yourself to work on your business.
Make an honest assessment of the total number of hours you spend working on your business and reduce the number of hours by 10 percent. Demanding 10 percent greater time efficiency of yourself is realistic. No one can honestly say that they can’t be 10 percent more efficient. It should be a doable goal for anyone.
Another, an even more radical approach is to immediately reduce your hours to 40-hours per week. Even if you now work 60-hours.
Latest posts by George Meszaros (see all)
- Great Entrepreneurs Have That Special Something - October 15, 2021
- No Business Strategy Should be Without It - October 14, 2021
- Tips for Small Business Owners: How to Fix Your Cash Flow in 2019 - October 14, 2021