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The saying "time is money" is famously attributed to Benjamin Franklin. He included it in his 1748 essay, "Advice to a Young Tradesman" founders.archives.gov/documents/Fran… #AskTSOE Ron Baker edkless

“Time is not money. Money is time.” —George Gilder (more here: en.wikipedia.org/wiki/George_Gi…) #AskTSOE Ron Baker edkless

Regarding the idea that time is not money: “Time is not cost. That is the important thing.” —Ed Kless on segment one of the show today #AskTSOE Ron Baker edkless

Did you know that the Federal Reserve of Dallas published a report in 1997 called, “Time Well Spent: The Declining Real Cost of Living in America” (which was called out in the book, Superabundance) fraser.stlouisfed.org/title/annual-r… #AskTSOE Ron Baker edkless

From the same Federal Reserve report, “Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of

Staying with the time price of money theme, a women’s haircut in 1920 was 0.25 cents and, on average, represented 27 minutes of work. In 1950, the same haircut was $1.50 and represented 63 minutes of work. In 1997, the same haircut was $10 and represented 46 minutes of work.

Ed just went to Cosm in Dallas and had some great things to say about the overall experience in segment two of the show today. cosm.com #AskTSOE Ron Baker edkless

From a White Hutchinson report, “Location-based entertainment and sports venues are all in the business of selling time well spent, where what people buy is the time they spend engaged at the venue.” whitehutchinson.com/news/lenews/20… #AskTSOE Ron Baker edkless

Also from the White Hutchinson report, “A blockbuster film at a cinema usually lasts about 2 hours and costs $16 for a Saturday evening viewing. We value the time spent watching the movie at 13.3 cents a minute. But if we see it on an IMAX screen, the ticket might cost $24 or an

Valueflation is Joe Pine’s way of describing how the value of goods and services inflates when they are customized and transformed into experiences or transformations—even if their physical costs stay the same or go down. More here: linkedin.com/posts/joepine_… #AskTSOE Ron Baker

From the White Hutchinson report: “National Football League (NFL) games - the average 2024 ticket price was $132, and the average game length was 3 hours and 12 minutes, resulting in an MVT of 69 cents per minute. The 2024 Super Bowl had a much higher MVT (money value of time) -

When it comes to leisure time, this can be counterintuitive. The less educated you are, the more leisure time you have. See the attached image and then reference this report whitehutchinson.com/news/lenews/20… #AskTSOE Ron Baker edkless

This applies to so many things and I’m not even sure the context matters. “When it comes to that human interaction, this is something that AI can’t do.” —Ron Baker #AskTSOE Ron Baker edkless

“Here’s a New Rule for You— the 10-80-10 Rule” by Paul Dunn linkedin.com/pulse/heres-ne… #AskTSOE Ron Baker edkless

“What to me is so exciting about the transformation economy is that this is a completely different offering.” —Ron Baker #AskTSOE Ron Baker edkless

“Immersive Experiences Are Reshaping B2B Events — And It’s About Time” by Jane Hague convene.com/catalyst/compa… #AskTSOE Ron Baker edkless

“Time Well Spent, Putting money where the memories are” by Patricia Cullen entrepreneur.com/en-gb/entrepre… #AskTSOE Ron Baker edkless

Short version: If you were subscribed to The Soul of Enterprise using Apple Podcasts, you likely no longer are. Please resubscribe using this link - podcasts.apple.com/us/podcast/the… Long version: From January through March, our episodes of The Soul of Enterprise were not appearing

When you sell productsandservices, you are saying to your prospect/customer, "Look what we can do." When you guide transformations, you reveal to your aspirant, "Look at who you can become." ProductsAndServices require you to gen up demand. Transformations require

Short version: If you were subscribed to The Soul of Enterprise using Apple Podcasts, you likely no longer are. Please resubscribe using this link - podcasts.apple.com/us/podcast/the… Long version: From January through March, our episodes of The Soul of Enterprise were not appearing