All Your Money Won't Another Minute Buy
Valuing Time as a Business Resource
By: Curt Finch
Paperback
Date: July 12, 2007
ISBN: 978-1430323839
Publisher: Lulu.com
The old saying that "time is money" is given a new twist by Journyx Inc. CEO Curt Finch in his new book All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource. Not only is time important, but time can be measured in many different ways, to increase the profitability of company project management.
Curt Finch writes that most companies lack the resources or systems to assess time management properly. Even those organizations that take time management seriously seldom go beyond time sheets or basic spreadsheets. As a result, business managers are not able to estimate their true costs for any project. All too often, staff people object to keeping track of time spent on jobs. Without that knowledge of time, profit and project duration estimates may not reflect reality.
Journyx Inc. CEO Curt Finch (photo left) writes that companies need a thorough understanding of costs at every level. He provides examples from his own business experience of how knowing his company's cost of service helped to win and maintain important client contracts. He also considers it essential that these costs be visible to everyone in the organization to assist the decision making process. This important information can then be used to redeploy resources from one project to another, or to end an unprofitable venture entirely.
Along with providing important analysis of the importance of time management and records, the author describes how dedicated software can enhance profits. Instead of spending time and money on reinventing the wheel, Curt Finch provides the tools needed to talk with technology vendors, to ensure the purchase of the proper software program. Good records ease the decision making process and are vital in the event of potentially costly government audits.
For me, the power of the book is the emphasis on time management as a crucial part of understanding business costs. Far too many owners and managers are not aware of the true cost of providing their goods and services. Very often, the missing element is the value of the time required to bid, prepare, and complete a project. Overruns that stem from an incomplete picture of costs in time, personnel, and resources can have a serious negative impact on the company bottom line. This book underlines the importance of knowing and recording all of your business costs.
I recommend All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource by Curt Finch for anyone who is serious about time management, and about controlling their business costs.
Read All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource and you will never think about time management in the same way again.
