11/10/2021 Tip: Effective Delegation for Entrepreneurs | Growthink

11/10/2021 Tip: Effective Delegation for Entrepreneurs

Today’s Quote

“When you compete with a person, you only have to be as good, or better than the person to win. If you compete with yourself, there is no limitation to how good you can be.”
~Chu Chin-Ning

 

Today’s Tip

A few weeks ago, I kept a simple journal to track how I was using every minute of my time throughout the space of one workweek, and I was able to identify over five hours of time spent doing something I could be easily delegating to someone else!

This may not sound like a big deal, but consider this: Five hours is a lot of time-especially if you only have 10-15 hours per week to run your business part-time.  Or if you’re full-time, it adds up to 20 hours per month…and 260 hours per year!

What would you give for an extra MONTH of productive, money-generating 8-hour days each year? Or, if you prefer, a month off each year to spend golfing, taking a vacation, time off with family, or whatever it is you love to do?

The things I caught myself doing were repetitive business items that have to be done every week-but those types of tasks don’t move my business forward.

I kind of rationalized for a while, but then I realized I had a few projects on the shelf that I could knock out myself in about 10-20 hours that could start generating more income immediately.

Remember: Your time is best spent starting and managing new projects that will generate more cash.  Hire people to help you carry those out and get there faster.  And by all means hire an assistant or someone to carry out the operations and repetitive tasks that must go on every week and month.

Let someone else hold down the fort while you’re out pioneering.  Your job is to discover and create new ways to advertise, make sales, and add products and services to your lineup.

 

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Trivia

Today’s Question: Where did the expression “good night, sleep tight” come from?

Previous Question: What are Germany’s main exports?

Previous Answer: Automobiles, machinery, metals, and chemical goods.

Germany’s most important exports are in the field of engineering, especially high quality cars and railway vehicles.

Ironically, beer is not a primary export

 

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