As entrepreneurs, time is our most valuable asset. Every moment spent on a time sink is a distraction from the strides that we could and should be making with our core businesses.
But here’s the thing. Early-stage entrepreneurs are also notoriously cheap. Often revenue-strapped, we’re pumping as much money as we humanly can into the products and services that we’ve committed ourselves to developing.
At any given time, we walk a line between two things: spending money and doing more ourselves. As many of us will tell you, this is not an easy line to walk. I once burned through $20K on a vendor that I shouldn’t have hired. I also spent 15 hours a week on administrative tasks when I should have been working with an administrative assistant.
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