How to Calculate the Value of Your Time

And stop wasting your valuable time solving basic IT problems

 A small business needs to have great systems in place to provide customers with a stellar experience. But problems do happen. Which is why the best thing you can do at this point is to invest in the right IT Services.

How valuable is your time?

No matter how much you try, there’s never enough time for everything you want to do. There are so many tasks to complete that you just don’t have time for. You have to try and push the boundaries as much as possible and commit to providing your customers with the ultimate experience possible. However, proper allocation of time is essential for small businesses. After all, we all have a limited amount of time to spend on business tasks.

You have to decide which tasks take priority over others and then focus on completing them. Prioritizing stuff is not easy, especially if you feel stuck between a rock and a hard place. But that’s why your main focus has to be a great user experience and proper value. Only if you pay a lot of attention to customer needs will you be able to achieve success. And that means taking your time, understanding what people want and actively trying to improve your company and not wasting your valuable time on IT problems.

Your IT infrastructure has a life span

Even if you want the IT infrastructure to work seamlessly for years to come, the reality is that nothing is perfect. So you will end up with problems and these can be very time-consuming. And as we mentioned above, time restrictions need to be applied if you really want your company to grow. You just can’t expect yourself to handle everything without any worries. You need vetted professionals that will be able to provide that much-needed support and assistance that your company requires to remain fully functional.  

How much time do people waste due to technology issues?

It might not seem like much, but American workers on average are losing around 20 minutes per day due to some sort of technology problem. Be it a blue screen, a slowed down server or a need to install updates, all these things take time.

Ultimately all that time adds up.

It is extremely important to understand and manage all the challenges that might arise, however your time is best spent doing what you come to work to do: your job.

How much are IT problems cutting into your bottom line?

Most IT-related issues will translate into financial losses. The reason is simple, even small businesses tend to have a CRM or an IT infrastructure at its core. If that’s not working properly, then you end up with problems and that will cost your company and manpower to fix. Even slight issues over the course of a month can really cut into your company’s profits.

What can you do if you see IT problems eating up a lot of time?

The best possible solution is to hire a team of experts. They will be able to fix this problem as fast as possible. They’re experienced with the problems that are the most common for companies like yours.  On top of that, you can use some better workplace policies, not to mention you can go with better working agreements, internet filtering and employee education. But all of this starts with a managed IT company. All of these will help you be proactive in your fight against costly IT problems.

How much do you think your time is worth?

Not how much do you end up taking home after taxes but how much do you want every hour of work at your company to bring into the organization? You want to bring in the absolute most for your company. Is that $15/hour? Chances are overhead and your hourly pay alone bumps that number up significantly. For sake of argument, lets assume for your company to remain profitable you and every one of your employees should maintain an hourly company income of $25 or more. For every average hour worked, your company needs to bring in at least $25. Meaning that 30 minutes of IT problems each day over the course of a month will cost your company $275/month! And that’s per employee. If your company has even just 5 employees, you’re losing close to $1400 a month. That’s like renting a small store front just to leave it empty each month. Is that an expense your company can afford?

Do you value your time? Hire a small business IT service to help you!

If your small business wants to remain both proactive and cost effective when it comes to dealing with technology issues it makes a lot of sense to hire a specialized third-party team. IT issues take time and experience to fix. Can your company afford to lose nearly 12 hours a month per employee to IT problems? That isn’t even mentioning the potential thousands in legal and security costs that would result from a successful hacking of your company’s customer data. In the end what it comes down to is how much you value your company time. Can your company afford 12 hours of wasted work time each month? What about 12 hours per employees? Because chances are, without a managed IT services company, that’s what you’re losing each month. 

Tech Masters is a professional IT services company created specifically to help you expand your business and take it to the next level. If you need professional IT services provided by vetted experts with over a decade of experience in the industry, all you have to do is to get in touch with our team! You will receive all the necessary support and solutions that your company could ever need. If you start using IT services today, you can save time and money, and that will translate into better profits!