Personal Development for Smart People Forums - View Single Post - The 50-30-20 Rule (Blog)

Sologretto · 12-13-2006, 03:59 AM

I'm really interested in trying the 50-30-20 plan. I'm trying to figure out HOW to implement it though...

I own a Computer Networking Company. Hence I make my money on an hourly basis for services performed. What category would I consider my billable hours? They really aren't going to make a beneficial difference in 5 years. Heck they might not mean much in 2. (unless I DON'T do them of course)... My first thought would be to put them into category C.

On one hand I kind of like thinking like that as it would mean I would focus 2 hours/day getting billables (Letting my employees cover the difference), 3 hours/day of my time focusing on stuff like near term projects (which I have more than a few that need time/love), and 5 hours/day focusing on my life dreams (which is really where I DO want to focus).

At the end of the day though I DO have to pay the bills.

Is this a realistic hope for a Service Company Owner?

At this point I have my full time employee spending 70% of his time focusing on 2 year goals regarding the company, a part time webdesigner earning almost pure billable hours, a secretary helping deal with all but 1 hour/day of non-billable type C work, and am spending my time split about 70/30 between Billable's and Type B/C work for the company.

Thanks,
Scott Reimers
Onsite Technical Services
Computers that Just Work – Onsite Technical Services – 775-722-6317

12-13-2006, 03:59 AM	#5 (permalink)
Sologretto Junior Member Join Date: Dec 2006 Posts: 2	What about service businesses? I'm really interested in trying the 50-30-20 plan. I'm trying to figure out HOW to implement it though... I own a Computer Networking Company. Hence I make my money on an hourly basis for services performed. What category would I consider my billable hours? They really aren't going to make a beneficial difference in 5 years. Heck they might not mean much in 2. (unless I DON'T do them of course)... My first thought would be to put them into category C. On one hand I kind of like thinking like that as it would mean I would focus 2 hours/day getting billables (Letting my employees cover the difference), 3 hours/day of my time focusing on stuff like near term projects (which I have more than a few that need time/love), and 5 hours/day focusing on my life dreams (which is really where I DO want to focus). At the end of the day though I DO have to pay the bills. Is this a realistic hope for a Service Company Owner? At this point I have my full time employee spending 70% of his time focusing on 2 year goals regarding the company, a part time webdesigner earning almost pure billable hours, a secretary helping deal with all but 1 hour/day of non-billable type C work, and am spending my time split about 70/30 between Billable's and Type B/C work for the company. Thanks, Scott Reimers Onsite Technical Services Computers that Just Work – Onsite Technical Services – 775-722-6317