Chapter 3 – Control Your Time – Use your time wisely
This is part of the ‘How to’ coaching series. An ongoing series of activities to make your business successful. Follow it step by step and see positive results as you develop a robust business model, set on a solid foundation.
Activity 50 – I delegate or outsource most/all of the Admin & low value/low enjoyment work
Are you so busy doing stuff in and on your business that you don’t have time for the important stuff? You know, the activities that actually bring cash into the business.
It’s often that entrepreneurs don’t feel able to delegate the activities and tasks, that are required, but could be better done by someone else. When you started your business you were probably doing it all. As a company develops, there comes a point where growth will stop (& sometimes goes into reverse) when you can’t do it all.
I’ve also seen it in companies that have a team that gets swamped as their sales/work grows. Owners are often reluctant to take on more team members for fear of having to let people go if the business shrinks. This is one of those questions that keeps many owners awake at night and/or can stop growth in it’s tracks.
Before you get to this point, it is a good idea to develop a delegation strategy and targets. When you know the numbers (KPIs) for your business, you have at least a chance of making a decision based on relevant facts, rather than just a finger in the air.
The ‘HowTo’ bit:
Carry out a review of your business tasks and determine those that you can, and would like, to delegate. Remember that if you can be making a significant contribution to your business, it’s better that you are doing this than a low value task you dislike doing. This is often best done as a team/disinterested party exercise
When you know what tasks you want to delegate, work out the best ROI approach for each. Personally, I started by focussing on those minor irritating tasks I didn’t enjoy doing, and got those off my back. I then looked at what tasks would be better done by an expert in that field.
Proper delegation means that you still know what tasks are being actioned and that you are fully conversant with the progress. You will have a report to hand to know the answers.
So, what tasks and activities can you delegate? If you would like help to determine those tasks that could be done by someone else, Contact Us…