Back to work, everyone; I’m blogging and not at the beach, so obviously I didn’t win the jackpot. Regardless, it was a good opportunity to explain how to think about the bird-in-hand concept (i.e., cash value versus 30 x $63 million birds in the bush). And it all depends on how much people want to […]
In the previous post, we studied the formula for Net Present Value (“NPV”), which answers the question: How much are future payment(s) worth today? The short answer is: so long as you have positive real interest rates, the value of the future payment is worth less than today. And if the same dollar in the […]
Why is the blog about using your calendar talking about the $1,900,000,000 lottery? Easy. I’ve got some numbers riding on it. Just kidding (I do, but this is a useful post, I promise). The reason this post is here on a blog concerned with using your calendar (the accounting system of your time) is that […]
Bloomberg reports that Americans are saving 60 million hours PER DAY from working from home (“WFH”). This figure is based on research by the Federal Reserve Bank of New York. Think about it: the average life span of an American is 79 years, which is about 29,000 days, which is 690,000 hours. Saving 60 million […]
The best part is no part. The best process is no process. It weighs nothing, costs nothing, and can’t go wrong. Elon Musk, Starship presentation, Sep 28, 2019 The same has been said of software. Marc Benioff’s famous “No Software” campaign ushered in the new age of Software-as-a-Service (“SaaS”). People want to use the software, […]
There’s a saying, “If you didn’t document it, it didn’t happen.” Those of you who work in the world of GMP manufacturing know this and probably live this. The null hypothesis here is that you did nothing; you must offer proof to deny this hypothesis to show that you actually performed the action. Aside: in […]
At the end of each month, we found ourselves face to face with our calendars trying to make sense of the previous month’s activities. If you’re anything like us, this process was something akin to medieval torture. Attempting to untangle the previous month’s activities Converting them into billable hours Distributing reports to the chain of […]
We’ve all done it. You enter an event on your calendar and just put a random word in the title that means something to you in the moment, but when it comes time to have that meeting, you have no idea what you are supposed to accomplish during that hour. Sometimes, you even forget to […]
You live and die by your calendar. Your time provides value to your clients and, in turn, is money in your pocket. Then, why are you wasting time doing non-billable tasks such as re-inputting calendar entries into timesheets and spreadsheets? Why do you use valuable time going from your calendar to time tracking apps to […]
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