Thursday, June 26, 2008

Why you Will Always be Vulnerable to Recession with a “Dollars for Hours” Mindset | Sparkplug CEO

Hmmmm... Interesting.
Why you Will Always be Vulnerable to Recession with a “Dollars for Hours” Mindset | Sparkplug CEO: "So let me take a step back for a minute here. Even if you are in a full time job, you are still in business for yourself. You have a product you are selling - you are selling your hours for dollars.

If you make $80K a year, you have sold your product (2,080 hours per year) to your employer in bulk at $38.36 per unit.

* You are accountable for delivering your product as promised (doing your job as described when you were hired)
* You must manage and track your account receivables (by doing your taxes, budgeting, etc.)
* You are responsible for customer satisfaction (keeping your boss happy)
* Else you risk losing your customer (getting fired)"

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