Stop Being Cheap: Consider the Value of Your Time - Coaching Success - #487

Barbell Logic

Health & Fitness, Nutrition, Health, Diet, Fitness, Weightlifting, Barbelltraining, Strengthtraining

4.6 • 1.2K Ratings

🗓️ 29 September 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stop being cheap! Consider the value of your time and invest in things that make you money and provide you value.

Stop Being Cheap: Value per Unit Time

Too many in the fitness industry value their time too little.

Comparing options for online coaching platforms, you see one option is $1 cheaper per client per month.

The other option prioritizes efficiency, helping you coach more clients in less time.

Which to you go with?

Too many go with the first option.

Start thinking about the value of your time.

As a coach, think not only about the value you're providing to your clients, but the value per unit time. Eliminate things that don't provide value, focus on things that do, and become more efficient in delivering those things.

Spend more time on the important, not the urgent.

This means you can coach more clients, you can spend more time finding more clients, you can spend more time working on your business, not in your business.

Stop Being Cheap: Consider the Value of Your Time

How much money can you make during the time you perform menial tasks (e.g. grocery shopping, mowing the lawn)?

Consider the value of your time and stop being cheap.

If you can make $200 per hour, why would you mow your lawn?

Instead, do the things that make you money.

Think of this as buying "back" your time. Of course, you're actually buying it up front, not buying past time back.

So, stop being cheap: consider the value of your time.

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Transcript

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0:00.0	The podcast where we talk about what it means to experience strength.
0:08.0	And how you can use simple, hard, and effective strategies in training and nutrition to improve your life.
0:15.0	It starts with meeting you where you are right now in finding lasting solutions.
0:20.0	Welcome to the show.
0:31.0	You're listening to the Barbell Logic podcast on your host Matt Reynolds.
0:36.0	This is another episode from the coaching success series.
0:40.0	I don't know man, I've been negative a little bit lately, but here we go.
0:44.0	Stop being cheap bastards.
0:50.0	Coaches are so cheap.
0:52.0	I don't understand it.
0:54.0	They do not understand the value of their time.
0:58.0	The value of your time matters and I'll get out of the negative here for a little bit.
1:04.0	I learned early on, by the way, this is sort of a boomer mentality.
1:08.0	So my parents are boomers.
1:10.0	My dad would work on the car, change the oil, move the lawn.
1:14.0	We've talked about all these things and in previous podcasts that these things that are urgent and unimportant.
1:20.0	We delegate or hire out.
1:23.0	It's really important because we have to understand the value of our time.
1:26.0	So as you become more professional in this business or in any business, your time is worth more per hour.
1:33.0	So maybe you're worth $100 an hour or if you run a big company, maybe you're worth $400 or $500 per hour.
1:39.0	So you shouldn't be doing things that you could hire out for, say, under $20 an hour.
1:45.0	We have a housekeeper.
	...

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