I’ve been reading Perry Marshall’s book, “80/20 Sales and Marketing”, based on the 80/20 principle. It’s made me really think about how I am using my time during the day, and what the true cost of that might be.
Here’s a quick 1:38 video I shot today:
As I mentioned in the video, what got me started thinking about the principle today was when I went to return some plumbing parts. One of the stops I had to make was to return a $0.95 cent package of washers. As I was driving there, I’m thinking, “why am I taking the time right now to be returning a $0.95 item? Isn’t my time worth more than that?”
On top of returning the parts, I had spent over 2 days being frustrated trying to get the right parts to connect a new faucet to old plumbing. Now I’ve installed many faucets over the years, and never had issues with them leaking. I knew that what I really needed to do was to replace the valves for the hot and cold water supply, but I was afraid to deal with my old plumbing.
So what did I do? I called in a friend to help me. He took one look and figured out that yes, I did need to replace the valves. So off to the hardware store we went, and a short time later, all is well. If I had just asked him, or hired someone to come in earlier, I could have saved myself all that frustration.
I also would have freed up a lot of time that I could have spent doing my marketing!
So when you are faced with little chores or jobs, think about if it is worth it to do it yourself, or would you be better served to hire someone to do it?
I highly recommend reading Perry’s book – you can get it on Amazon, of course. 🙂