Money, Time and Energy – Take Inventory
Consider Money, Time and Energy as three resources. Think of them in terms of three pots filled to different levels. Is one of your pots; money, time or energy; healthier than another. Stop and assess your levels of each of these 3 resources. Is one dangerously low, how are the other two?
If your money pot is full, yet your time and energy pots are dangerously low, can you use some money to save some time or energy?
Recently, I noticed that we had no time or energy to clean our house. My husband, daughter and I were constantly on the go. The house was looking more like a transition area in a triathlon than a home. It was greatly neglected and I was feeling overwhelmed by the amount of time and energy it would take us to tidy then clean the entire house. Especially as in the past the majority of the organizing of the tidying and cleaning fell upon me and I was already exhausted. After taking an inventory of our three pots, and recognizing that the money pot was indeed healthier than our time and energy pots, we hired a cleaner to come to help us do a deep clean on our house. With an extra person working on the kitchen and bathrooms, we could focus on the living, dining and bedroom spaces to get the job done without feeling overwhelmed.
At different times, the levels in each resource pot differ. If the time pot is looking healthy, can you use some time to save money and energy? If the energy pot is looking healthy, can you use some energy to save money and time?
This concept can be used as a decision making tool. In any situation, consider how the decision at hand will impact one or more of your three major resources. Will it further deplete a resource that is already running low? Or are your resources sufficiently strong enough to move forward with this decision without causing stress to any one of the three resources.
Take your business, when you started out, you invested as much as you possible could in the best possible equipment within your budget. Now, that you are an established voice over talent do you have the financial resources to upgrade your equipment. If so, great, do it. If not do you have the time to put more energy into your marketing, network and outreach program to develop stronger relationships and drive more business, thereby strengthening your finances.