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How Much Do You Earn Per Hour?

March 2, 2007

I dare you.  If you own a business, sit down and figure out how many hours you worked this month.  Add every hour you’re working, and every hour you’re studying for your business.  Anytime that’s involved in your business should be used.

Now write down how much money you’e earned this month.  And no, I definitely don’t mean how much you grossed. How much did you keep?  You might have grossed $100,000 but your net is only $10,000.  Use the net amount…the money you can put in the bank or spend.

How much did you earn this month? 

I’ve done this with clients. It’s downright scary at times.  You may have earned a good amount, but you worked 80 hours to do it.  You might have did better working a $10 an hour job…at least they pay overtime after 40 hours. 

If you don’t know where you are right now, how can you ever figure out how to get to where you’re going?  So do the math.  Know your starting point for today.

Most entrepreneurs work far too many hours.  They trade their life away on the treadmill of hours for dollars.

Remember this…

Entrepreneurs are paid for the value they create…not the hours they put in.

Too many people go around asking themselves, “How can I make more money?”

That’s the wrong question.  Ask the wrong question and you’ll get the wrong answer.  The correct question is, “How can I create more value?”

Change the question to where you’re focusing on others instead of yourself.  Zig Ziglar often says, “You can get everything in life you want if you just help enough other people get what they want.” 

How can you create more value for others?  This is even more important.  How can you create this value ONE time and get paid on it forever?

Find out more by clicking here now…

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Written by Terry · Filed Under Coaching 

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One Response to “How Much Do You Earn Per Hour?”

  1. Alasdair on March 8th, 2007 7:28 am

    Thanks for that great blog entry, Terry!

    I’ve printed it out and plan to read it every day for the foreseeable future. I’ve been asking the wrong question for too long now.

    I’ll be pondering “How can I create value for others?” consistently from now on.

    Cheers,

    Alasdair

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