It’s time to give yourself a time audit from social media.

Facebook and other social networks have connected us in ways we could have never done before. With all of these great innovations in networking, social media can also drastically hurt your profits. Why? Simply put they can be huge time wasters. When you are spending valuable time checking away statuses or new pictures from an old flame, you could be spending time increasing your livelihood. You could be going out searching for new ways to increase your profits, increase your intelligence or build relationships with potential or current prospects.

Lots of people complain about their financial situations or where they are in life, yet they always seem to have time to answer surveys or quizzes on myspace or facebook. They have time to see which Friends TV show character they are or what their personality style is. Where does it get you in life to waste your time like this? How much money is added to your bank account when you learn that you are more like Aladdin than Goofy? Or that your baby will look more like Brad Pitt than Robert Pattinson? How many new clients will your score on Mafia Wars get you?

There is a reason why people are successes and why they fail. If you want to succeed you cannot waste your time with worthless quizzes, games or surveys. You must get out there and do something worthwhile. Meet new prospects. Pick up a book and read about your industry. Join a networking group. Start a blog. Do something worthwhile.

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