Time and Money - Which is the Better Asset

Today was really a hectic day for me, and quite frankly I felt that I was unproductive. I spent too long on unimportant task on my job, that I had only little time to spend on entrepreneurial ventures. Now I'm more pressed on time than my usual days.

What's worse is that my negotiations with a friend to partner with me on a Carwash business did not work out well. After our conversation on the phone, he said it was too much for me to ask 60% of the profit while he gets only 40%. He added saying, "I invest 55% of the capital, and I should be getting the bigger share". My answer was simple, "If you want to be the one to fully supervise the business and me giving the 55% capital investment I would gladly take the 40% profits". His answer, "I think about".

Sadly, only a few people understand that between money (in this case profit) and time, time is the bigger asset. I believe in what Robert Kiyosaki said that "money is only an idea". Being an idea you can create and recreate it at any given time. Therefore it is something that you have control and can choose to earn more or less. Time on the other hand is ever decreasing as you grow older. The lesser your time is, the more value it has to you. In fact opposite to money, it is something that you have no control of.

As a business consultant for many sales distributors, I have learned that most entrepreneurial minds are not after money but time. It can be in family, hobbies, travel, and spending more time in their life purpose.

So in my life as an entrepreneur, I will continue to pursue businesses that will allow me to use OPT (Other People's Time), that will allow me to leverage my time for other important things like family and doing my passions.
 
This will be one my secret ingredients to success.  

As for that friend. If he will not decide by tomorrow then, his wasting my most important asset - TIME. Then it will be useless to do business with him. This my dream that many Filipino entrepreneurs will learn to delegate and master their business system, that it can run on autopilot.


Dedicated to your business,
Jake Bere