Why I Stopped Freelancing as a Software Engineer
Why I Stopped Freelancing as a Software Engineer ? Ultimately, this post is about…have you chosen a path that is leading you towards your life goals?
As cliche as it is to say, time is money.
And if you’re a business owner, your time is one of the most important resources to the business.
Why? Because you have the vision. You’re running the ship.
I’m going to show you an example of how you can roughly calculate the cost of tasks you’re doing.
(and there’s a cool tool at the bottom that you can play around with in real-time)
If you spend time on tasks that could be automated, or delegated, there is a direct cost, and an indirect cost.
Direct cost
You roughly have an hourly rate, right?
(or least a daily rate, so you could work backwards)
Let’s say your hourly rate is $50 USD.
If you spend just 1 hour a day on a task.
You could calculate that it costs you
(assuming 5 working days a week):
$50 per day…
$250 per week (5 hours)…
$1,000 a month (20 hours)!
$12,000 a year (240 hours)!!
Yup.
Another big question, what’s the return on that task?
If it’s just repetitive admin, there’s definitely something more important you could be spending that time on.
E.g.
In the long run, focusing on those types of tasks, are going to create significantly more return in your business than the time spent on admin.
Those are the indirect costs, the opportunity costs.
I.e. what are you losing out on by focusing on something else.
Want to automate as much as you can?
Not ready for a call? Click here to send me a message.
You can use the tool below to roughly calculate how much it costs you manually do a task in your business.
What's my time worth in USD per hour?
How many minutes does this task take me?
per
How much doing this task myself might be costing me?
USD per day
USD per week
USD per month
USD every 6 months
USD per year
Not ready for a call? Click here to send me a message.
Sign-up here to receive automation tips, case studies, and guides on the mistakes you maybe making on your automation journey.
And follow me on Twitter where I post about my journey, automation, and business growth.
Why I Stopped Freelancing as a Software Engineer ? Ultimately, this post is about…have you chosen a path that is leading you towards your life goals?
Task-Time Calculator As cliche as it is to say, time is money. And if you’re a business owner, your time is one of the most
4 Reason to Hire an Automation Freelancer or Agency Instead of Doing It Yourself Why hire someone to handle your automations, integrations, and systems?
© Gavin Wiener Consulting and Automation 2022 | All rights reserved.
Get the FREE and simple “Show Rate x Revenue Impact Calculator” that shows you how to improving just the show rate to your sales calls can add $1000’s in revenue per month your business.
This is just the tip of the iceberg. These points are along your whole sales process, that if you improve them, it’ll grow your business without changing your current lead flow.