We may have invented wireless communications, put sailors on the moon and shortened the English language to within an inch of its life, but what is a Pound Minute?
The Pound Minute is a way of working out whether doing something is actually worth your while. It measures the cost received for the action being carried out and confirms whether you should or should not do it. The Pound Minute has been alive for several decades but is only now receiving the attention it so rightly deserves.
Say, for instance, you were asked to paint your friend’s fence. They provide you with the paint and overalls, and maybe even lunch if you play your cards right. The fence will take approximately three hours to paint, both front and back, and you have to apply at least two coats of paint for it to be considered a worthwhile job. Your friend will pay you £10.00 per hour of painting that you do.
If you choose to carry out the smallest amount of the painting required, which is six hours, you will earn £60.00. This equates to six Pound Minutes. This is a good use of your time but will make your friend think twice about asking for your services again.
If you choose to carry out the right amount of painting required, which is nine hours, you will earn £90.00. This equates to nine Pound Minutes. This is a bad use of your time, but it will make your friend think of you in a new light because you are going the extra mile to ensure that fence is gleaming like grandma’s keys.
Those of an indecisive nature can also utilise the ‘Wheel of Thrusting (TM)’. Future versions may be able to calculate Pound Minutes on your behalf.