WebMomz: Time Management: Valuing your time

Time Costing Tool

Wasting time can cost you money.
Find out much is your time REALLY worth?

Courtesty of WebMomz.com at http://www.webmomz.com/time-costing.htm

A) What is your hourly rate?
B) How many hours do you work a day?
C) How many of those hours are spent on billable activities?
D) Total billable hours worked per month (C x hours worked each week)
E) Average monthly expenses
F) Actual monthly profit (D - E)
G) Actual daily profit ( F divided by 20 )
H) Actual hourly profit (G divided by B) This is the amount that you actually make per hour when all the costs are taken out.

TIP: By knowing how much your time is worth, it can help you evaluation if you personally should be spending your time doing various activities, or if it would be more profitable to outsource those activities and spend your time on profit making activities.