If it takes a village to raise a child,
it takes a team to build a successful business.

That team shouldn’t have to be you wearing many hats, at least not after the initial start-up or bootstrap phase.

Sure, as an entrepreneur, self-employed person, and business owner you will start out having to do “ALL THE THINGS”, but that will not always be in the best interest of your business. There comes a time when we need to put on our CEO hat and make decisions based on the best interests of the business. This means acknowledging where our strengths, joys, and zone of genius lies, along with admitting to the bits we don’t like doing, that we avoid until the last minute, but that cannot be left undone.

Managing online storage, Bookkeeping, or emptying that inbox anyone?

This is where delegation begins. The first time you hand over part of your business to someone else is scary, you worry, you want to check in frequently – and you should – delegation requires consistent open communication from both parties. But oh, the freedom you’ll experience when you do. Read more about delegating here.

But what do I delegate?

Here’s how I work through what I could delegate in my business;

  1. Write a list of all the tasks I do in my business for a week, usually taking notes each time I start on something new. (MS Excel or Google Sheets is a great place for this, you’ll see why shortly)
  2. As I work through each task I track the time on an app like toggl.com so I can see how long it takes, I then note that on the list at the end of the day.
  3. Next, I’ll look at my calendar and see how many times in a day, week, or month I do each task, and add it to a new column.
  4. Now I can calculate the total hours per month I give to that task
  5. Multiply it by my hourly billing rate and presto… each task now has a dollar value (What it’s costing you to do.)
    The most important step at this point is to highlight the tasks you love to do and the ones you dread.
  6. This becomes your initial delegation list, the things you dread doing.
    And knowing what it costs you to do them you can now speak to contractors to find a good fit to delegate those tasks, freeing you up to create more, earn more, or spend more time with your family or friends.

The opportunity cost of doing it all yourself

Remember there are many costs involved in doing it yourself, so why not calculate the cost of not delegating and then contact me about getting the help you need?

  1. Monetary Cost – dollars earned over dollars spent – Can you pay someone less than your hourly rate (but still a reasonable rate,) and be working with clients making your hourly rate instead?
  2. Time Cost – to create new products, serve your clients, spend time with family and friends
  3. Skill Cost – steep learning curve, embarrassing mistakes, not enjoying the process
  4. Opportunity Cost – what other leads or options could you be following up on to improve your business?

Want to know more? try this article about why outsourcing to a virtual assistant is a great idea for your business.

I offer an obligation-free 30-minute discovery call, so if you’d like to discuss working with me please use the calendar to book a suitable time.

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