633 Time is a Precious Resource

Uncle Marv's IT Business Podcast

Cable Testing Tools Rant

Uncle Marv expresses his frustration with a managed service provider who used a basic continuity tester for cable runs, leading to connectivity issues. He emphasizes the need for proper cable testing and certification tools, especially for companies offering cabling services. Cutting corners and using inadequate tools reflects poorly on the industry and can lead to subpar work.

Time is a Precious Resource

Juan Fernandez shares his perspective on treating time as a valuable currency rather than a freely available resource. He stresses the importance of quantifying time appropriately and avoiding wasting it on unprofitable endeavors. Juan explains how he built his MSP with a focus on maximizing productivity and profitability, even during activities like attending events or taking lunch breaks.

Firing Problematic Clients

Uncle Marv and Juan discuss the difficult decision of firing problematic clients, even if they contribute a significant portion of revenue. Uncle Marv shares his experience of letting go of his largest client in 2017 because they consumed over 50% of his time despite accounting for only a third of the revenue. This decision was influenced by the principles outlined in the book "The Millionaire Next Door."

Key Takeaways:

• Invest in proper cable testing and certification tools for quality work.
• Treat time as a valuable currency and avoid wasting it on unprofitable activities.
• Be willing to fire problematic clients that consume disproportionate time and resources.
• Adopt a mindset shift towards solving problems independently and seeking education, not resolutions.

Links from the show:

The Millionaire Next Door: https://amzn.to/3UM0F9E

Florida Man bites chunk out of deputy's head: https://tinyurl.com/yc6cshah

=== Show Information

Website: https://www.itbusinesspodcast.com/

Host: Marvin Bee

Uncle Marv’s Amazon Store: https://amzn.to/3EiyKoZ

Become a monthly supporter: https://www.patreon.com/join/itbusinesspodcast?

One-Time Donation: https://www.buymeacoffee.com/unclemarv

=== Music:

Song: Upbeat & Fun Sports Rock Logo

Author: AlexanderRufire

License Code: 7X9F52DNML - Date: January 1st, 2024