Small Business Owners should always be aware of their TME? What the heck does that mean?
In my parlance, TME stands for Time, Money and Energy.
From my vantage point, these are the three scarce resources that we bring to our business in order to be successful.
TME can also be a prism through which we use for making decisions. Decisions such as whether or not to do our own Accounting, or decisions about how to market our business and so on.
Once you have an awareness of your own TME, you can consider such questions as does it make sense to spend a lot of Time and Energy in order to save a little Money?
From my own perspective, I tend to regard my Time as being most precious, because that is the one thing I cannot get back.
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