Save Time
Your time in the business is probably the most valuable. You clearly should not be wasting time doing $20/hr jobs when your time is worth much more. This is why you should have Cofficient provide you a strong inner core of transactional efficiency. In turn you should liberate more time in your day for higher value activities.
The obvious question becomes: where should you spend your time?
We believe your time as an organisation should be optimised on your core competency. And as the owner, your time should be spent 'on the business' not 'in the business'.
With the permission of Shirlaws Coaching (www.shirlawscoaching.com) we describe time in 3-colours.
Red = Support = necessary or it all goes bad = emotionally draining = non-income earning
Blue = Operations = today's sales => if this doesn't happen you don't earn income = core competency = income earning
Black = Growth = Tomorrow's sales = thrillng/exciting = income generating
Redirecting Your Time
Ideally you will gain time from partnering with Cofficient to do your back-office. This shifts the majority of the red responsibilities to Cofficient who have as their core competency back-office administration, book-keeping and finance.
You will then have the opportunity to invest in growing blue and black activities.
Cofficient doesn't just end at the back-office we help you by accessing Cofficient resources such as, IT Alternatives, Team and Talent Alternatives and Offshoring/Outsourcing. This gives your more resources to make your way through the business plan.
Of course the benefit of spending your time in blue and black is that your earning income or creating future income, not merely supporting the businesses all-consuming red activities.
As a general rule: red activities should be; cut, minimised, systemised and outsourced.
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