Or cooking. Man, what a time sink, and that one is actually kinda hard to solve; restaurants are sub-optimal, unless you can schedule meetings during the wait time, simply 'cause they are so slow. I mostly eat frozen food and salads, which is suboptimal, 'cause frozen food is crap. I guess learning how to cook quick and easy stuff would be one solution. So would having someone come and cook for me, but I suspect that'd be significantly more expensive than just eating out every day.
But yeah, I'm trying to say that when you are running a business? you have a whole lot more power to increase your revenue (vs. when you are working for other people) - often it makes more sense to spend limited time on increasing revenue than it does to spend that time on decreasing expenses.
Which isn't to say decreasing expenses isn't good. I've started my company by living off 1/3rd to 1/2 what my job role is usually paid, contracting, and putting the difference into capital goods for my business. There's no way I could have started a capital intensive business if I wasn't able to earn like the upper middle class while I lived like the lower middle class, So cutting costs was pretty essential. But at this point? my food budget is about a grand a month, while my co-lo/bandwidth budget is closer to ten grand a month. (fifteen, if you count all the temporary stuff that I need to move out of) - the thing is, I can get a lot more mileage out of putting effort into making that $10K number smaller than I can out of making that $1K number smaller.
Your point on the value of your time is well taken. When you can actually funge time directly against money instead of being a salaried employee it's a good idea to do so, usually.
"eating the same meal a few days in a row" has never come into it. We batch cook 6 different meals by 4 portions = 24 dinners, and mark the calendar so we mix them up but don't have 3 quesadillas left at the end.
But otherwise, you might want to do it in the most efficient manner possible (or let somebody else whose time you are paying for do it efficiently).