Value of Time

Think of time in terms of value. Analyze what you do in terms of the dollar value of your labor and understand that everything you spend time on cost you money. As a student in college, your time value is likely to be somewhere between $10 and $20. If it at the same time takes you half an hour to iron a shirt, you should consider having professionals do the job for you for less money. Take this philosophy to a different level - if you can get the same answer to your question from the CEO and general manager, you should ask yourself the following: "What is the cost to the company in lost time and revenue by asking this question"? Generally speaking, the cost will be higher for the CEO then the general manager, and in order to be most efficient, one should then ask the general manager.

In terms of college classes, lets assume that the cost of one class hour is $100. Skipping class cost you $100 every time, so if you are going to skip class, make sure that you skip class for an opportunity that either a) generates $100 or above, or b) add more money value to you as a person then class would have added. i.e. either make more then $100 an hour which is not likely in college, or spend the hour doing something that on your resume would be worth more then excelling in the class that you skipped.

While thinking of time in terms of money value is not the golden key to life, it will help you make conscious choices to maximize your output. This thinking will help you in the long run in business and future jobs.