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Photo of a time clock

The Institute encourages entrepreneurs and business professionals to explore its business development options, programs and services, which can help provide greater access to capital, contracts, and markets for minority-owned businesses – and to discover more useful investments of their time. The argument can be made on a daily basis for apparent disparities within the minority business community in terms of access and opportunity. However, the one place where there is equality is time – and how busy professionals and successful business owners make use of it. In essence, money is money; but time is money too.

There’s an old parable that helps illuminate the point: Imagine there is a bank that credits your account each morning with $86,400. It carries over no balance from day to day. Every evening the bank deletes whatever part of the balance you failed to use during the day. What would you do? Draw out every cent, of course! Each of us has such a bank. Its name is TIME. Every morning, it credits you with 86,400 seconds. Every night it writes off, as lost, whatever of this you have failed to invest to good purpose. It carries over no balance. It allows no overdraft. Each day it opens a new account for you. Each night it burns the remains of the day. If you fail to use the day's deposits, the loss is yours. There is no going back. There is no drawing against the “tomorrow.” You must live in the present on today's deposits. Invest it so as to get from it the utmost in health, happiness, and success. The clock is running. Make the most of today, because in business... time is also money.

According to the national Minority Business Development Agency, there are approximately 5.8 million minority-owned businesses in the US, which collectively contribute $1 trillion in economic output and create 6 million jobs. A lot of business owners don’t realize the valuable resources that exist within The Institute to help their businesses grow; but one of the most valuable resources they already have is time. For more information on ways to maximize your time and develop your business, visit and follow @TheInstituteNC on Twitter.