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As entrepreneurs, we wear a lot of hats. We create business ideas, raise money, create product plans and develop marketing strategies. Particularly in the early stages of the business, we even take on all the tasks that simply have to be done, from keeping the books to taking out the trash. But is doing everything yourself always a good idea?
In this “on the road” solo episode, host Tom Ryan explores the real estate concept of “best use” as it applies to entrepreneurs.
• Introduction and “On The Road” explanation
• What is “Highest and Best Use”?
• Real estate concept of value and best use being connected
• Entrepreneurial correlation between time investment and value
• Real-life example from a local tech startup
• The cost of keeping poor financials versus hiring a professional bookkeeper
• Hidden costs of doing everything yourself
• Aligning your business’s needs with your highest and best use
• Three easy steps for determining your highest and best use
- Can others do what I’m doing right now?
- How well can they do it compared to me?
- What else could you be doing with your time instead?
• Sign off, and ways to contact the show
Links for Today’s Episode:
Tom on Twitter: @TomRyanAVL
Do you have a question about your business? Tom would love to help you:
Leave a voicemail: (801) 228-0663
E-mail your questions: SuccessInBusinessPodcast@gmail.com
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