tag:blogger.com,1999:blog-1869924468172210809.post5431161743118751445..comments2024-03-22T10:09:26.517+00:00Comments on Not Just Numbers: Is this the best use of my time?Glen Feechanhttp://www.blogger.com/profile/12461985809302036952noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1869924468172210809.post-10190799430383912982010-10-29T07:48:15.221+01:002010-10-29T07:48:15.221+01:00last week our class held a similar talk about this...last week our class held a similar talk about this topic and you illustrate something we have not covered yet, appreciate that.<br /><br />- KrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1869924468172210809.post-24047304365972073712009-04-18T15:13:00.000+01:002009-04-18T15:13:00.000+01:00Very good point Mark. My argument assumes a greate...Very good point Mark. My argument assumes a greater (and relatively immediate) opportunity cost, which is usually the case with small expenses like that above. I've certainly had times in business when profitability has been irrelevant if the cash returns weren't in the next few weeks! And I'm sure, unfortunately, many will be facing a similar situation in the coming months.Glen Feechanhttps://www.blogger.com/profile/12461985809302036952noreply@blogger.comtag:blogger.com,1999:blog-1869924468172210809.post-17622093510022717992009-04-18T08:07:00.000+01:002009-04-18T08:07:00.000+01:00Twelve months ago, I would have agreed entirely wi...Twelve months ago, I would have agreed entirely with this article - "stick to your core skills". The "best use of your time" meant "the most profitable use of your time".<br /><br />But in today's economy, cash is King. If you can avoid spending the cash by doing it yourself, and the time that might be freed up doesn't generate cash, then take the cash positive option.<br /><br />If the amount is relatively small, then go ahead and out-source. But in this economy, we have to change the mindset from "profitable" to "cash positive" - a lesson I learnt in the last recession.<br /><br />A lot of profitable companies will go bust; any company with significant cash on deposit won't.Unknownhttps://www.blogger.com/profile/18272579551172977371noreply@blogger.comtag:blogger.com,1999:blog-1869924468172210809.post-37029779459824322192009-04-01T11:05:00.000+01:002009-04-01T11:05:00.000+01:00But of course bad DIY can always be undone, wherea...But of course bad DIY can always be undone, whereas pressing delete by mistake on the computer can.....wellGillian Brownhttps://www.blogger.com/profile/16742196057161321511noreply@blogger.comtag:blogger.com,1999:blog-1869924468172210809.post-73138696673086171542009-04-01T10:52:00.000+01:002009-04-01T10:52:00.000+01:00An interesting discussion because of course techno...An interesting discussion because of course technology has made it possible for us to do things ourselves that in earlier times we had to leave to other professionals - Glen's playing about with logos being an example. The difficulty is knowing when to outsource and when to delegate. Many of us have the same problem domestically and learn the hard way that just because you have the tools doesn't mean DIY is a good idea!Denis Kayehttp://www.firmideas.co.uknoreply@blogger.comtag:blogger.com,1999:blog-1869924468172210809.post-31336596935246740182009-04-01T06:55:00.000+01:002009-04-01T06:55:00.000+01:00I've heard many accountants and bookkeepers preach...I've heard many accountants and bookkeepers preach to prospects and clients, that their time is better spent doing what they are good at and bringing in revenue for their business... leave the bookkeeping and accounting to those that know what they're doing, and can to it fast.<BR/><BR/>I'm now coming across quite a lot of accountants and bookkeepers, especially online, that start to do more things for themselves... like your logo attempt. With software and tools helping us do more things for ourselves, this can be a very real distraction from simply <I>leaving it to the professionals</I>.David Tooheyhttp://www.accountantscircle.co.uknoreply@blogger.com