Should you hire someone to tackle that project or just do it yourself to save money?
If you’re on the fence about hiring that $50/hour freelancer, would you really be saving money if you did it all by yourself but it would take you all at least a full day of work?
How much an hour of your time is really worth? $50? $100? $500? More?
As your own boss, you wouldn’t really spend a full day trying to do a task you could easily delegate for less than an hour of your time. And, you’d be losing even more than just the traded hours - you’d also be losing earning potential since you could be doing more profitable tasks with your time.
It’s time to say no to doing low-value tasks - and channel your time and energy on things that can actually make you more productive (and profitable).
You’ll be able to do that with the Opportunity Cost Calculator. Estimate the cost of doing a task by yourself and compare it with the cost of hiring somebody else to do it. It’s that simple.
So the next time you’re torn between hiring somebody or DIYing the task… you’ll know which option is the most cost-effective for your business… and your sanity.