Marley Majcher, The Party Goddess turned Profit Goddess, was running a business but not making money — despite her degree from Georgetown. But she managed to turn it around with this “one weird trick.” OK — so that sounds clickbaity, but it’s true. See, Marley didn’t have a system in place for her business. She, like many creators I think, wasn’t spending her time wisely. So, she decided to do something about it: she decided to learn how she was spending her time, organize those tasks, and figure out the crucial ones that actually made money. And it all started with the one “Weird” trick: Time Tracking.
Top Takeaways:
- Revenue goals are not profit goals - You can make $1M but if you’re spending $1.1M, you’re going in the wrong direction.
- Most creators don’t think they need to time-track because they don’t do client work. But they are WRONG. You need to know if you’re spending 2 hours on a video or 8 hours on a video to know if that’s a profitable activity for you.
- Aside from just understanding tasks, time tracking can hold you accountable. You’ll see where you’re wasting your time, and be more mindful of it. And your devices have some tools to help you do that automatically.
Show Notes:
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