Companies that grow people, grow profits. Companies that shrink people, shrink profits… Look at the investment in human assets to make sure it’s enough – Tom Connellan, Inside the Magic Kingdom
Make all your important jobs better jobs. Make every position that involves any contact with your customers at all a really, really good job. Pay better than average wages; pay to have employees’ uniforms cleaned for them; provide a good working environment; offer significant spontaneous, unexpected, varied rewards and recognition. Create jobs people really want and that good people won’t want to lose.
Why should you do all this?
Not to be a generous soul. Not to be liked. Not to win some award. So that your bloody axe is feared and you can be fearless in swinging it.
-Dan Kennedy, NO BS to Ruthless Management of People and Profits
Time is more precious than Money.
Time is Value!
Major Tip: How’s your New Year Resolution going? I’m sure layoffs were not expected. This tip will hopefully empower you to improve on your independence. Most people don’t know the value of their time. Let alone entrepreneurs. Slave owners understood this to oppress. Your current manager may not even know the value of his/her time. Here is a goal that will steer your decisions in a better direction to impress. Step 1: Work out how much you want to make (projected sales/revenue/earnings,etc) Step 2: Multiply working days by how many hours you work (220 x 8) = 1760. Step 3: Projected Earnings / 1760 working hours = Your Base Earnings Target. Step 4: Base Earnings Target x Non Productive Factor which is up to you… (x3, x4,x5) Ex: 1,000,000 / 1760 = $568.36. 568.36 x 3 = $1704.55 an HOUR!!! Your decisions and delegation will be dramatically impacted after doing this exercise. Click below for the spreadsheet on how to actually create this type of value. $10 an hour jobs vs $10,000 an hour jobs #worldclass #timemanagement #yycbusiness
Click below to unlock your freedom and creativity spreadsheet.
Just modify the activities for your industry and your set!
Spreadsheet for Time Management and Delegation
*You should be doing this if you value your time at $30 Dollars or more.
Shout out to Dan Kennedy and Perry Marshall for all their hard work on these ideas and truths