Comments on: Why you Will Always be Vulnerable to Recession with a “Dollars for Hours” Mindset

By: What Does the End of the Know More Media Blog Network Mean to You? | Sparkplug CEO

Tue, 29 Jul 2008 22:40:13 +0000

[...] More from me on this subject: Why you Will Always be Vulnerable to Recession with a â€œDollars for Hoursâ€ Mindset [...]

By: How to Make Your Income More Passive | Frugal Dad

How to Make Your Income More Passive | Frugal Dad — Tue, 29 Jul 2008 11:00:51 +0000

[...] that is a pretty good definition of “earnings.” Some people refer to this as “dollars for hours” thinking. However, the part about exchanging some amount of work, or life energy, is not [...]

By: Top Tips: Trading hours for money, hack detection and ad management » PowerDosh

Thu, 10 Jul 2008 10:08:04 +0000

[...] SEO recently had an article about trading hours for money being an issue when a recession seems to be likely in the US and UK. You can never earn a fortune [...]

By: Frank Fullard

Frank Fullard — Thu, 03 Jul 2008 04:15:48 +0000

I think that you are spot-on with your comments.
In my experience many people, particularly in service related industries are not really in business at all. They think that they have set up a business, but very often, they are simply selling time and, and, at best, have a job working for themselves.
The key to being an entrepreneur is to be able to break out of that mindset.

Frank Fullards last blog post..What types of Innovation are Irish businesses engaging in?

By: Cath Lawson

Cath Lawson — Mon, 30 Jun 2008 15:56:25 +0000

Hi Wendy – this post brings up some great points. Folks who don’t want to give up the security of their paycheck will never be able to start a business until they change their mindset.

Cath Lawsons last blog post..Make Money Online & Screw The Middleman

By: Drunken Dragon

Drunken Dragon — Sun, 29 Jun 2008 14:04:21 +0000

Great motivation. I wish I can be an successfull entrepreneur. Thanks for this post Drunken Dragons last blog post..10 Blog Title to Avoid

By: shaz

shaz — Sun, 29 Jun 2008 00:18:15 +0000

Really great post Wendy! Totally agree with Char, this is a Must Read! shazs last blog post..This is so my new â€œbest thing since slice breadâ€!!!

By: Char

Char — Fri, 27 Jun 2008 20:42:00 +0000

Fantastic Wendy! This is another one of your must read articles without a doubt. Chars last blog post..Essential Keystrokes Turns 2 With Prizes For You

By: Weekly Round up » Self Made Minds

Weekly Round up » Self Made Minds — Fri, 27 Jun 2008 13:43:15 +0000

[...] a long time ago, Wendy has done a great post on why this is especially important in these times, Why you Will Always be Vulnerable to Recession with a â€œDollars for Hoursâ€ Mindset. … Jay Blogger told us about an exhaustive and free resource if you fancy learning another [...]

By: Bob Firestone

Bob Firestone — Thu, 26 Jun 2008 18:47:58 +0000

Great post Wendy.

The 2 most negative ideas in the world are “Time is money” and it is “easier to do it myself.”

By: Wendy Piersall

Wendy Piersall — Thu, 26 Jun 2008 17:57:25 +0000

@ Laura Roeder (Shortcuts Online Marketing Blog):

I’ve definitively bartered with both men and women Laura – though now that you mention it, I do recognize the truth in what you are saying.

And I have definitely seen women not be assertive to get paid for their work (erm, myself included in the past as well )

By: Laura Roeder (Shortcuts Online Marketing Blog)

Laura Roeder (Shortcuts Online Marketing Blog) — Thu, 26 Jun 2008 16:33:59 +0000

Great post, I think in this instance it’s pretty clear that this was a great offer for the VA, and she could have gained a lot of value.

However I can say I understand having her first reaction be no because I think as women we are often too quick to barter. Maybe it’s just me but I meet other female entrepreneurs who want to barter all the time and I have never received a barter offer from a man. I am engaged in one barter right now that is working out fabulously for both of us so I am not anti-barter in general. But I think sometimes women agree to barters that don’t make sense because they are afraid to be assertive that they need to be paid for their work. What do you think about this Wendy, is this a trend you’ve seen as well?

Laura Roeder (Shortcuts Online Marketing Blog)s last blog post..Your Email Is Very Important To My Robot! How Not To Use Auto-Responders

By: Wendy Piersall

Wendy Piersall — Thu, 26 Jun 2008 16:09:54 +0000

Of course, I agree with all of you.

What I didn’t talk about in the post was how she said she didn’t feel like my mentoring would constitute ‘compensation’ for her work. Perhaps she doesn’t know how much a coach costs, but I could be billing out the time I consult with her at around $150-$200 an hour.

By: Carlos Hernandez

Carlos Hernandez — Thu, 26 Jun 2008 13:51:26 +0000

Touche!

Ouch!

The truth hurts and as someone who elected to leave cubicle-land (the office), cubicle-nation (the company) , and cubicle-continent (the industry) after 28 years, I too suffered from such thinking.

Alas, the bright, white light struck me and the “ah-ha’s” transformed to “Oh Sxxx – let’s get started!”

Thanks for holding up the light to help erradicate the dark!

By: David LaFerney

David LaFerney — Thu, 26 Jun 2008 13:41:11 +0000

I recently heard an interview of an author of a book on how to get your dream job – the take off that stuck with me was that in some cases your best chance is to volunteer – IE work for free to get your foot in the door.

For a while my lovely wife (day job as an office manager) has been kicking around the idea of starting a business doing wedding photography. The thing is, she only has a little bit of experience, so I suggested that she advertise on the local net “Free Wedding Photography” – Now she is well on her way to getting the experience that she needs to justify charging for her services.

If you can’t think past your next paycheck, then you will never be an entrepreneur.

David LaFerneys last blog post..Animal & Flower Photography

By: Believer in Balance

Believer in Balance — Thu, 26 Jun 2008 13:26:11 +0000

I think this woman missed a life changing opportunity. I love how you say "everyone is a business owner." I never thought of it like that before. Believer in Balances last blog post..Save Time and Avoid Frustration: Pre-Order Staples School Supplies through SchoolKidz.com

By: Nigel

Nigel — Thu, 26 Jun 2008 08:19:04 +0000

Thought you might find this article on trashing the timesheet interesting

http://tinyurl.com/5p2ycf

By: Kevin (ReturnToManliness)

Kevin (ReturnToManliness) — Thu, 26 Jun 2008 06:10:11 +0000

Great post. So many people already know this concept but don't really do anything about it. Not to bag on them, just to recognize the fact that humans procrastinate and usually will not act unless they are forced to do it. But when they are forced to act, it is usually too late. Thanks Kevin (ReturnToManliness)s last blog post..Post Review: Are You Afraid Of Being Naked?

By: Laurie

Laurie — Thu, 26 Jun 2008 03:22:53 +0000

Just a note – the thing that strikes me most about this person is not only that they didn’t jump at the opportunity (or at least open a dialogue about it) but that they didn’t value your time Wendy. She needs money right now but you should give up your time so she can pick your brain? Crazy!

I personally am in the start-up phase of my VA business and one of the first things I’ve done is taken on a volunteer opportunity that I believe will help me in the learning process (I have plenty of admin experience but working off-site is new and of course so is running a business)

If you still need some help feel free to get in touch – I can see the value of a reciprocal agreement!

Lauries last blog post..VA Certification – Yes or No?

By: Kelvin Kao

Kelvin Kao — Thu, 26 Jun 2008 03:00:59 +0000

Going back to the million dollar house thing… if I am really sure that the one million will really turn ten million (or have a really good chance to), and I am able to come up with 500K on my own, then yes, I’d look for a partner to go into it with.

And if you ever find a deal like this, don’t forget to let me know. Not that I have 500K at the moment.

I don’t want to hijack this whole comment section so I am done replying to this post. If you want to continue, feel free to email me.

Kelvin Kaos last blog post..What inspired me to write each episode (11-15)