Master the art of delegation and you can create time.

 

  1. Delegation is a key tool for creating time
    1. To grow our business or career we need time to work on it
    2. We can’t be everywhere and do everything so we need help
    3. Micro-managers burn out and go up in flames
  2. How do you know what to delegate?
    1. You cannot delegate passion and vision – that is all you
    2. We want to delegate the “working in the business” tasks
    3. Start a log of all your activities
      1. List the start and stop time and what you were doing
      2. At the end of the day look at the tasks and determine which ones could be done by someone else
      3. Add up the time savings
  3. Now you know what to delegate, here are some tips to help
    1. Create processes and instructions for the things you will delegate
      1. Spend 4 hours now to free up 40 hours later
    2. Implement good systems for collaboration, communication, and follow-up
    3. Avoid the perfection trap
      1. Your employees will not do something as good or as fast as you will – that’s Okay
      2. Most of the time 90% is good enough – as long as key goals are being met it doesn’t matter
      3. If your time is worth $200/HR and you pay some $25 to handle tasks they can take 5 times longer and you still come out ahead
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