When you’re running a business, keeping track of your expenses is just as important as tracking income. But there are some costs that you’d never think of. We’re going to cover one hidden expense that’s going to give you a real gut check – and that’s your time.
Most expenses are pretty straightforward: how much are linens, how much is WiFi? But when it comes to the cost of time, there’s far more involved. There’s a lot of emotion tied up in how we view our time and, as most of us know, hosting does not have a strict start or end. You’re on call all the time. It’s hard to nail down exactly how many hours you’ll be working.