In economics, there is a concept of opportunity cost. Essentially, when you choose an opportunity, the “cost” of that opportunity is that your time is no longer available for other opportunities. In other words, the cost of an opportunity is actually the cost of all the other opportunities available to you.
If you’re bootstrapping, that is, financing your business on your own, chances are you’ve done everything yourself. You’ve set up your website, tinkered with restaurant mobile app development it, uploaded your products. Written all your product sheets , and done all the marketing. An impressive solo act.
The problem is that while doing everything by yourself is great
it takes a lot of time. You could be using that time elsewhere – spending it with your family, cooking up new ideas, or building new business relationships, to name a few.
Try to automate as many menial tasks as possible. This process will cost you a little money, but the headaches and stress you’ll avoid will usually for more seo tips outweigh the expense. Plus, you can often find people who will be happy to do these tasks (inventory uploads, data entry, etc.) for you for a reasonable fee.
Unnecessary menial tasks should be eliminated
By “unnecessary” we mean, for example, spending too much time tweaking your site’s logo, playing with image sizes, changing button color details unnecessarily. Or making other minor changes that you’re probably the only one who noticed.
Some of the above mentioned things can increase your conversions . But you won’t know until you have a large number of visitors and sales to compare. When you’re just starting out, you’ll want to avoid these tasks. Especially since after two hours of tinkering, you’ll feel like you’ve worked hard, but in reality, your time could have been better spent.
As a business owner, one decision you’ll have to azb directory make is whether you need help. This could be a co-founder, a freelancer, or even an employee. Part-time or full-time, to complete tasks and help you grow your business. You don’t have to do everything alone.