Are you keeping track of your hours?
For most entrepreneurs, the line between work and play is a little fuzzy. I love my work, so isn't that play? Vacuuming feels like work, but it doesn't really contribute to my bottom line, unless it's in my office and I don't want my clients to sneeze.
A great and fun exercise is to actually clock in and clock out -- meassure the time you are actually working (and you get to define what that is). Getting a massage is working, if you are a massage therapist and looking for best practices or checking out your competition. Shopping is working if you are looking at the prices other jewelry designers charge for their work.
So, this week, keep track of your hours. If you want to get really sophisticated, you can even categorize your hours by what you are doing. Divide it into categories, such as:
Direct client hours
Market Research
Sales (networking, phone calls to potential customers)
Operations (calling the phone company)
Human Resources (going to the doctor--yes, that's work. If you had a job your employer would be okay if you went during work hours)
Finance (paying bills, doing taxes)
In my next blog I am going to talk about what we do with this information. Let me know how this is going
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