Tip of the day for the entrepreneur

So often we entrepreneurs spend 80% of our time servicing the clients that earn us 20% of our revenue. Set aside some time to take a hard look at your “chart of accounts.” See which clIents you have that take much more of your time then the dollars in justified. Then, ask yourself the following questions: (1) why do I spend so much time on these clients; (2) is the time spent justified for reasons other than revenue; and (3) what would my business look like if I stopped servicing one or more of the time-sucking clients. You may be surprised at what a little pruning might do for your business, your work-life balance, and surprisingly, your bottom line.

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