|It's a Lie|
Anyone involved in the business world long enough has heard the cliche, “TIME is MONEY”, but the flaw in this revered fact is it's false.
The Worker Mindset
When paid an hourly wage, the employee assumes that an hour of our time is of equal value whether they are providing valued products or services to customers, or browsing Overstocked.com. Both provide the worker with equal compensation to service their wants and needs and wants.
The Entrepreneur Mindset
Entrepreneurs understand that “PROVISION is MONEY”. Time is the “space” in which provision happens or purses get perused on Overstocked.com. Provision is the process of providing customers with the goods and services they want and need for which they are willing to pay.
These paradigms delineate the division between workers and entrepreneurs. A worker may naturally by the law of calorie conservation avoid work while the entrepreneur finds or creates solutions to facilitate provision.
When someone with the worker mindset opens a business, they may spend countless hours preparing their product. Yet, even after declaring bankruptcy the dismayed worker mindset remains befuddled how those thousands of hours spent producing fur-lined sinks couldn't keep their custom kitchen business afloat. Trapped in the worker mindset, they churn the same irrelevant facts through their heads:
They had a monopoly!
They worked their ass off!
They worked from dawn till dusk every day.
They poured their life savings into advertising.
They spent every waking moment living fur-lined sinks.
Life isn't fair.
No, my friend, LIFE is not FAIR, and TIME is not MONEY.