For many small-business owners, the answer is probably more.
“Raising my salary to a market level forced me to look at my company from an investor’s perspective,” Meadows says. “It helped me better understand the value of my own time.”
As he began looking at the hours he was devoting to different tasks, he explains, he began asking if they were really tasks he should be doing, based on what the company was paying him, or if they were better suited to one of his employees. Often, the latter was the case, and he learned to cede those tasks to others. “It allowed me to turn myself loose from a lot of digging and hunting for information, and spend more time finding new and better business,” he says now.
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