Cairn - August 2008 - How Much Is Your Time Worth?
Published: Thu, 08/07/08
|
Cairn One Hour At A Time |
August 2008
Issue 52
clare evans |
|
personal & business coach | ||
Welcome to all new subscribers since last month.
I took some of my own advice over the weekend and had a few days break. No laptop and no mobile phone, well, almost - it was only used for the "we're on the motorway" and "where are you" type conversation.
A couple of days on the lovely Gower peninsula in Wales. Considering that we were camping, we were very lucky with the weather and while the rest of the country was experiencing showers, some torrential, we missed all but the lightest of showers to have a mainly sunny weekend, walking, surfing and enjoying the outdoors.
How are you surviving the 'credit crunch'? Every week something else seems to be going up in price, if it's not petrol, it's food, mortgages, gas and electricity and your income is probably not going up to keep pace with it. Inevitably you'll need to cut back and even if you're not a big spender - there are probably adjustments that can be made.
Take a look at the More Month Than Money E-Course if you need a few extra tips and strategies to make the most of your money and even to set aside some savings. If you'd like to find out how I've managed to cut my utility bills by over £300 this year, and that's as a low user even with all the price rises, let me know.
Just a month until the book
gets published. This month much of my
focus will be on promoting the book although I won't actually get a copy myself
until the week it's published. As you
can imagine, I'm pretty excited to see my name in print for the first time and
will be even more excited to see it on the shelves.
If you haven't ordered your copy already - you can pre-order it today on Amazon.co.uk and you'll get it hot off the press as soon as it's released. It's currently on offer for only £6.99.
Any commission I earn through my Amazon link in that first week of September when the book is released, will be donated to Cancer Research. It's only a small percentage of each sale but every little helps. This only applies to purchases made through my website or the Amazon affiliate link as that's the only way I can track it.
http://www.clareevans.co.uk/timemanagementfordummies.htm
You can catch up with the rest of what I've been up to and keep up-to-date through my blog - http://www.clareevans.co.uk/blog/index.html or Follow Me on Twitter.
Enjoy the rest of this month's newsletter.
How Much Is Your Time Worth?
While we're talking about the rising cost of pretty much everything, do you ever stop to think how much your time is actually worth?
Whether you work for someone else or work for yourself the amount of time you spend working is worth something. Either your employer pays you for the hours you work or charges your time out at a particular rate or you charge your clients for the work you do. Would you be inclined to fritter it away on things that add no value if you knew what it was costing you?
To get some perspective on where you're spending your time, know what your hourly rate is and how much an your of your time is worth to you or your boss.
What's your annual salary? ____________
What is your weekly rate? ____________
(Based on working weeks in the year - allowing five weeks for holidays and bank holidays)
What is your hourly rate? ____________
(Either what you charge or the number of hours you actually work).
For example if the average salary is £30,000 and you work 35 hours a week over 47 weeks, your hourly rate is approximately £18 per hour.
If you work for yourself your hourly rate is likely to be higher, so saving just an hour a week is worth more to you, especially if you could be spending that time working with clients and customers.
Now you know what your hourly rate is you can use it as a guide when you're thinking about how and where you spend your time.
If you could find an extra hour a week or even an hour a day, what would that really be worth to you? Saving just an hour a week when your hourly rate is £50, could potentially earn you an additional £200 a month if you could spend that time with clients or working on your business.
Look at when it makes sense to pay someone else to do tasks like admin or doing your accounts rather than doing it all yourself.
No matter how hard you try or wish there were just a few more, we all only get twenty four hours in the week. Having worked out how much your time is worth, look at how much time you have each day.
There are about sixteen waking hours in each day, from the time you wake up to the time you go to bed, unless you're one of those people who can manage on very little sleep.
Work will take up a large proportion of this time, together with travel time, which could be anything from two minutes, if you're lucky enough to work from home, to two or three hours if you have a daily commute. Allow another two hours for personal tasks, such as washing, cooking, cleaning and eating.
Sleep - 8 hours
Work - 8 hours
Travel - 2 hours
Personal - 2 hours
Total = 20 hours
That only leaves four hours to fit in exercise, seeing friends and family, shopping, relaxation and if you have a family with young children, probably even less, so it makes sense to use it wisely.
While watching TV can be a good way to relax and unwind it's also a good way to suck up much of that free time that could be spent on more productive or beneficial activities, such as getting in some exercise or spending time with family and friends, socialising or just 'switching off' completely.
If you can't seem to find enough time to get everything done - take a look at how you're spending those 'spare' hours and see if there's a way to reprioritise what you're doing.
Look at your working hours. Use your hourly rate to decide how you can make the most of your time? Is it worth paying for a cleaner once a week or spending a couple of hours in the evening or at the weekend doing it yourself?
If you would like to have more time in your day, increase your effectiveness and be more productive, give me a call, send an email to info@clareevans.co.uk or sign-up for one of my Friday Focus sessions.
What's On, What's New
Up-coming teleclasses, workshops:
Friday Focus - A free 30 minute focused session to discuss your specific challenges, objectives and goals for 2008, get a sounding board for your ideas, increase your motivation and create accountability. Call or email to arrange a date and time.
Teleclass: Get Control of your Time A series of teleclass on the more common challenges facing busy people today. Goal setting, planning, email, paperwork and procrastination. Join a one-hour call, once a month on a Tuesday lunchtime.
Don't have time to attend? You can still register for the call and you'll receive the notes and free Weekly Time Tips - next call on Tuesday 26th August.
Sign-up for all six calls for only £49.95 or £9.99 each.
Mums In Biz - Business start up seminars focusing directly on issues affecting busy mums. Providing answers to planning, marketing, time management, fun and inspiration with the ultimate aim of helping them to establish and grow a business in tandem with motherhood!
The next one is being held in Brighton on Tuesday 9th September.
If you were forwarded this issue of the newsletter you can register to receive your own copy each month by sending a blank email to claresnews@aweber.com.
If you know anyone who would benefit from some of the advice and information, please forward it on to them. If you'd rather not receive this newsletter each month, just click the link at the bottom of this email.
Until next month,
Clare
Clare Evans - Personal and Business Time Management Coach
Phone: +44 (0)1273 588297
Email: info@clareevans.co.uk
Website: www.clareevans.co.uk
Get organised! Get a new perspective!
Copyright: Clare Evans Personal & Business Coaching © 2008
----------
Create your own automated newsletters with Aweber. E-mail follow up, ad tracking, & real-time stats for your emails. http://www.aweber.com/features.htm?207782
----------
I took some of my own advice over the weekend and had a few days break. No laptop and no mobile phone, well, almost - it was only used for the "we're on the motorway" and "where are you" type conversation.
A couple of days on the lovely Gower peninsula in Wales. Considering that we were camping, we were very lucky with the weather and while the rest of the country was experiencing showers, some torrential, we missed all but the lightest of showers to have a mainly sunny weekend, walking, surfing and enjoying the outdoors.
How are you surviving the 'credit crunch'? Every week something else seems to be going up in price, if it's not petrol, it's food, mortgages, gas and electricity and your income is probably not going up to keep pace with it. Inevitably you'll need to cut back and even if you're not a big spender - there are probably adjustments that can be made.
Take a look at the More Month Than Money E-Course if you need a few extra tips and strategies to make the most of your money and even to set aside some savings. If you'd like to find out how I've managed to cut my utility bills by over £300 this year, and that's as a low user even with all the price rises, let me know.
Just a month until the book
gets published. This month much of my
focus will be on promoting the book although I won't actually get a copy myself
until the week it's published. As you
can imagine, I'm pretty excited to see my name in print for the first time and
will be even more excited to see it on the shelves.If you haven't ordered your copy already - you can pre-order it today on Amazon.co.uk and you'll get it hot off the press as soon as it's released. It's currently on offer for only £6.99.
Any commission I earn through my Amazon link in that first week of September when the book is released, will be donated to Cancer Research. It's only a small percentage of each sale but every little helps. This only applies to purchases made through my website or the Amazon affiliate link as that's the only way I can track it.
http://www.clareevans.co.uk/timemanagementfordummies.htm
You can catch up with the rest of what I've been up to and keep up-to-date through my blog - http://www.clareevans.co.uk/blog/index.html or Follow Me on Twitter.
Enjoy the rest of this month's newsletter.
How Much Is Your Time Worth?
While we're talking about the rising cost of pretty much everything, do you ever stop to think how much your time is actually worth?
Whether you work for someone else or work for yourself the amount of time you spend working is worth something. Either your employer pays you for the hours you work or charges your time out at a particular rate or you charge your clients for the work you do. Would you be inclined to fritter it away on things that add no value if you knew what it was costing you?
To get some perspective on where you're spending your time, know what your hourly rate is and how much an your of your time is worth to you or your boss.
What's your annual salary? ____________
What is your weekly rate? ____________
(Based on working weeks in the year - allowing five weeks for holidays and bank holidays)
What is your hourly rate? ____________
(Either what you charge or the number of hours you actually work).
For example if the average salary is £30,000 and you work 35 hours a week over 47 weeks, your hourly rate is approximately £18 per hour.
If you work for yourself your hourly rate is likely to be higher, so saving just an hour a week is worth more to you, especially if you could be spending that time working with clients and customers.
Now you know what your hourly rate is you can use it as a guide when you're thinking about how and where you spend your time.
If you could find an extra hour a week or even an hour a day, what would that really be worth to you? Saving just an hour a week when your hourly rate is £50, could potentially earn you an additional £200 a month if you could spend that time with clients or working on your business.
Look at when it makes sense to pay someone else to do tasks like admin or doing your accounts rather than doing it all yourself.
No matter how hard you try or wish there were just a few more, we all only get twenty four hours in the week. Having worked out how much your time is worth, look at how much time you have each day.
There are about sixteen waking hours in each day, from the time you wake up to the time you go to bed, unless you're one of those people who can manage on very little sleep.
Work will take up a large proportion of this time, together with travel time, which could be anything from two minutes, if you're lucky enough to work from home, to two or three hours if you have a daily commute. Allow another two hours for personal tasks, such as washing, cooking, cleaning and eating.
Sleep - 8 hours
Work - 8 hours
Travel - 2 hours
Personal - 2 hours
Total = 20 hours
That only leaves four hours to fit in exercise, seeing friends and family, shopping, relaxation and if you have a family with young children, probably even less, so it makes sense to use it wisely.
While watching TV can be a good way to relax and unwind it's also a good way to suck up much of that free time that could be spent on more productive or beneficial activities, such as getting in some exercise or spending time with family and friends, socialising or just 'switching off' completely.
If you can't seem to find enough time to get everything done - take a look at how you're spending those 'spare' hours and see if there's a way to reprioritise what you're doing.
Look at your working hours. Use your hourly rate to decide how you can make the most of your time? Is it worth paying for a cleaner once a week or spending a couple of hours in the evening or at the weekend doing it yourself?
If you would like to have more time in your day, increase your effectiveness and be more productive, give me a call, send an email to info@clareevans.co.uk or sign-up for one of my Friday Focus sessions.
What's On, What's New
Up-coming teleclasses, workshops:
Friday Focus - A free 30 minute focused session to discuss your specific challenges, objectives and goals for 2008, get a sounding board for your ideas, increase your motivation and create accountability. Call or email to arrange a date and time.
Teleclass: Get Control of your Time A series of teleclass on the more common challenges facing busy people today. Goal setting, planning, email, paperwork and procrastination. Join a one-hour call, once a month on a Tuesday lunchtime.
Don't have time to attend? You can still register for the call and you'll receive the notes and free Weekly Time Tips - next call on Tuesday 26th August.
Sign-up for all six calls for only £49.95 or £9.99 each.
Mums In Biz - Business start up seminars focusing directly on issues affecting busy mums. Providing answers to planning, marketing, time management, fun and inspiration with the ultimate aim of helping them to establish and grow a business in tandem with motherhood!
The next one is being held in Brighton on Tuesday 9th September.
If you were forwarded this issue of the newsletter you can register to receive your own copy each month by sending a blank email to claresnews@aweber.com.
If you know anyone who would benefit from some of the advice and information, please forward it on to them. If you'd rather not receive this newsletter each month, just click the link at the bottom of this email.
Until next month,
Clare
Clare Evans - Personal and Business Time Management Coach
Phone: +44 (0)1273 588297
Email: info@clareevans.co.uk
Website: www.clareevans.co.uk
Get organised! Get a new perspective!
Copyright: Clare Evans Personal & Business Coaching © 2008
----------
Create your own automated newsletters with Aweber. E-mail follow up, ad tracking, & real-time stats for your emails. http://www.aweber.com/features.htm?207782
----------