I heard of an interesting scenario the other day where there was an owner of a business where he hired a full time helper which costs him about $15\/hr. This was a food based industry where each customer they brought in probably generated about $5 in profit. So you essentially need about three customers per hour minimum to break even.<\/p>\n
The thing was he was debating that since business is slow due to the economy on whether or not he should just do the work himself and save an extra $120 a day or so for himself. The drawback of course is that he would have to work longer days as before he only worked about three hours a day and then spent time with like his family.<\/p>\n
I was just thinking how he made a decent profit still even with the employee. With that example too, does it make more sense to tie up say an extra 8 hours a day for that $120 as a business owner? I would be inclined to say I would rather have the extra time if the business was still doing well. If it was in the red then that would be a different story. I would just imagine too that while the business is on semi auto pilot that it will enable you to think of ways to make it even better. <\/p>\n
So many people would rather be in that position too where you do have the option of leveraging your time through others the more you think about it. Seems like a waste to get rid of it if it works for you.<\/p>\n","protected":false},"excerpt":{"rendered":"
I heard of an interesting scenario the other day where there was an owner of a business where he hired a full time helper which costs him about $15\/hr. This was a food based industry where each customer they brought in probably generated about $5 in profit. So you essentially need about three customers per […]<\/p>\n","protected":false},"author":1,"featured_media":6890,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[5953,1357,21,1090,1127],"class_list":["post-2875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-leverage","tag-money","tag-profits","tag-time"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2015\/04\/IMAG1057.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-Kn","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=2875"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2875\/revisions"}],"predecessor-version":[{"id":2876,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2875\/revisions\/2876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/6890"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=2875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=2875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=2875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}