As a contractor I hear that a lot. It has a ring to it, like it is almost true, and somehow justifies being in a rush to make a dime. Time is money just sounds like a fact.
Well, it is hogwash.
Time is what life is made of. Money can’t touch it.
Can money buy time?
If you stand out in the rain 20 years will you get a million bucks?
No. There is little correlation. The best thing you can do with time is respect it, save it where you can, enjoy it - and use it wisely. Just like money.
This is all to tell a story. And I know it is easy to criticize, and easy to see from the outside looking in what someone could do better- but this amazed me, and sort of broke my heart because it was done in the name of “hard work” because “ time is money.”
8:45 pm , Home Depot- a young framing contractor leaves his home, drives to the store, and hand pulled in the store, loaded on carts and purchased a substantial house framing package, paid for it and then hand loaded every piece on his trailer.
We made small talk. I commended him for shopping ahead for the next days work. Working ahead is a huge advantage. Beyond that I stay out of peoples’ business.
He proudly told me he was headed to the job to stage it for his guys so tomorrow they were more productive. He commented how he was compared to his dad (who was no longer able to do it ) and how “time was money” to him and he just grinned ear to ear. He said he could do this while his family slept and mentioned how it kept him ahead.
It was the stupidest thing I’d seen a business person do lately, and I’m pretty stupid myself . Had it been extenuating circumstances, like a missed delivery or last minute change, I could have understood- but this was his norm. Why was this so bad?
The entire package could have been delivered, most likely for free, in about 20 minutes. The driver could have simply been handed a check or the order paid for by phone.
He might have saved his field crew 25 minutes, but in the process of sorting it by length they would have known what material was rafters, joists, etc and reduced waste and error- and he could have also stayed after the delivery and done that in one hour and went home.
Even if it was delivered wrong by a supplier it would have been so much faster that they had time for several tries. So that rules out doing it for accuracy.
But work 4-5 hours hard, alone, in the dark, miss your kids bedtime and come in the next day worn out is just pitiful- to do less than an hours work.
So what is the moral?
One, question truisms. Our world is full of them - love hurts, money can’t buy happiness, money is the root of all evil, and on and on-
Another thing this brings to mind is don’t be afraid to be radical- I’m fairly ruthless with my time- not rude, not rushed- I’m ruthless so I don’t have to be.
Anything that can be delivered is, even lunch.
I don’t answer my phone- at all except for close friends or conversations that require skill, emotion or tact.
I don’t use voice mail- my message directs people to my assistant or to text me. Took a while to get brave enough- also grew my company about 20 times in size since- with less headaches and better service.
I don’t go in the bank- they don’t pay me.
-avoid people that can’t shut up or have nothing to say when you need to get your work done. I have one worker I deliberately avoid - talkers slow themselves down and the listener too.
-only do meetings that get me work or get us paid generally- we are installing a clients cabinets - government worker. He got excited - “shall we meet? “ he texted. I asked why. His response- “to review”. I nearly had a seizure. He somehow thought meetings were work. The cabinets were already built.
To wrap up, no, I do not think I have it all figured out, the world by the tail or all the answers- I have tried to be that guy but at my best I’m just a guy trying to make it-
But this I know - you can make it out here, you can win. You can succeed. Just be careful who you listen to and develop the habit of stepping back and questioning what and how you are doing things- you can work terribly hard, never get ahead and never have much to show for it , or time to enjoy it if you don’t use your head.
Please tell me some things you guys have seen and learned that have helped you along the way-
Thanks
AndyG
Well, it is hogwash.
Time is what life is made of. Money can’t touch it.
Can money buy time?
If you stand out in the rain 20 years will you get a million bucks?
No. There is little correlation. The best thing you can do with time is respect it, save it where you can, enjoy it - and use it wisely. Just like money.
This is all to tell a story. And I know it is easy to criticize, and easy to see from the outside looking in what someone could do better- but this amazed me, and sort of broke my heart because it was done in the name of “hard work” because “ time is money.”
8:45 pm , Home Depot- a young framing contractor leaves his home, drives to the store, and hand pulled in the store, loaded on carts and purchased a substantial house framing package, paid for it and then hand loaded every piece on his trailer.
We made small talk. I commended him for shopping ahead for the next days work. Working ahead is a huge advantage. Beyond that I stay out of peoples’ business.
He proudly told me he was headed to the job to stage it for his guys so tomorrow they were more productive. He commented how he was compared to his dad (who was no longer able to do it ) and how “time was money” to him and he just grinned ear to ear. He said he could do this while his family slept and mentioned how it kept him ahead.
It was the stupidest thing I’d seen a business person do lately, and I’m pretty stupid myself . Had it been extenuating circumstances, like a missed delivery or last minute change, I could have understood- but this was his norm. Why was this so bad?
The entire package could have been delivered, most likely for free, in about 20 minutes. The driver could have simply been handed a check or the order paid for by phone.
He might have saved his field crew 25 minutes, but in the process of sorting it by length they would have known what material was rafters, joists, etc and reduced waste and error- and he could have also stayed after the delivery and done that in one hour and went home.
Even if it was delivered wrong by a supplier it would have been so much faster that they had time for several tries. So that rules out doing it for accuracy.
But work 4-5 hours hard, alone, in the dark, miss your kids bedtime and come in the next day worn out is just pitiful- to do less than an hours work.
So what is the moral?
One, question truisms. Our world is full of them - love hurts, money can’t buy happiness, money is the root of all evil, and on and on-
Another thing this brings to mind is don’t be afraid to be radical- I’m fairly ruthless with my time- not rude, not rushed- I’m ruthless so I don’t have to be.
Anything that can be delivered is, even lunch.
I don’t answer my phone- at all except for close friends or conversations that require skill, emotion or tact.
I don’t use voice mail- my message directs people to my assistant or to text me. Took a while to get brave enough- also grew my company about 20 times in size since- with less headaches and better service.
I don’t go in the bank- they don’t pay me.
-avoid people that can’t shut up or have nothing to say when you need to get your work done. I have one worker I deliberately avoid - talkers slow themselves down and the listener too.
-only do meetings that get me work or get us paid generally- we are installing a clients cabinets - government worker. He got excited - “shall we meet? “ he texted. I asked why. His response- “to review”. I nearly had a seizure. He somehow thought meetings were work. The cabinets were already built.
To wrap up, no, I do not think I have it all figured out, the world by the tail or all the answers- I have tried to be that guy but at my best I’m just a guy trying to make it-
But this I know - you can make it out here, you can win. You can succeed. Just be careful who you listen to and develop the habit of stepping back and questioning what and how you are doing things- you can work terribly hard, never get ahead and never have much to show for it , or time to enjoy it if you don’t use your head.
Please tell me some things you guys have seen and learned that have helped you along the way-
Thanks
AndyG