Quick tip 56 Value your time

Research of information, tools, equipment, structures, strategies and so on is vital. You need to know what you are doing, not just be second guessing. But there needs to be balance as well. When you spend weeks on a best deal on a guitar, so that you can save extra 1% on the price is not necessarily the best use of your time.

Here’s a concept for you: In music business you need to invest insane amount of time before you see financial return. Now what if you would need to put a price on that time? Lets say you are working at a day job and work on your music outside your regular working hours. How much time do you have to invest in your music career? How much is that time worth to you?

Or lets say you are trying to make it as a full-time musician. How many hours a week do you work? I don’t mean playing live, I mean how many hours you spend rehearsing, promoting, looking for new gigs? And how much money do you make? Now divide the money with the hours you work, and you have your hourly rate. So this will give you an idea of how much money you might spend researching something. So figure out if the research is worth spending your time on. I bet researching the best way to reach new fans is time much better spent than trying to find the best deal on your dream guitar.

Value your time, and use it smartly.

J.P.

The author J.P. Kallio is a singer songwriter
To get EIGHT of his songs for free go HERE