This was a quote from a recent roundtable discussion among some business owners and myself. I secretly felt the same way that day. But upon thinking about time and time management, I remembered that every person has exactly the same number of hours in a day. Some people get more done than others during that 24-hour period called a day. For a business, time really does equate to money.
Every business has a cash cycle that can be measured in time and money.
Time is measured in days during the cash cycle. The cash cycle being a measurement of time from the day that a project is started and cash expended for it to the day that the business is paid for the project. There is also a dollar amount associated with that time. Each day a business has overhead expenses or dollars expended just because the business exists, regardless of whether that business makes any sales. Of course, it also includes any direct costs associated with the job.