Are you throwing money away?
Dolores Hirschmann, FRACTIONAL CMO
??Investor Acquiring Businesses making 3-10M in revenue | Fractional CMO | Business Exit Strategist ??| Speaker Strategist ?? | TEDxOrganizer
Have you ever considered how many different hats you wear? It's actually pretty mind-blowing, especially if you're a small business owner. You may be the salesperson, the accountant, the social media manager, the admin, the copywriter...the list goes on.
There comes a point where being the jack of all trades can limit your?growth potential. If you find yourself unable to step out of day-to-day operations and delegate tasks to your team, it may be time to rethink your approach.
Delegation?is a crucial component of any successful business. It allows you to focus on your core competencies and high-level strategic thinking while empowering your team to take on responsibilities and grow their skills. Not only does delegation free up your time, but it also leads to increased efficiency, productivity, employee satisfaction, and yes, profit.
Let's dive into a real-world example of another fantastic MIC client:
Our client, let's call her S, came to us with fantastic ideas about how to grow her business. She had started to expand her team but was feeling overwhelmed with what to delegate and whom to hire. We jumped in, eager to help, and here's what happened:
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Having these things in place, S was ready to hire, train and delegate tasks that made her work more efficient and cost-effective, so she could continue to?scale and grow?while avoiding burnout and maintaining a healthy?work-life balance. She can now focus more on sales and less on small time-consuming tasks that are now being handled, freeing her up to generate more income.
We understand that delegating tasks can be a daunting prospect, but it's important to weigh the?cost/benefit?of hiring professionals to handle specific tasks. Paying someone to manage your social media or handle your accounting can free up countless hours for you to focus on?higher-priority tasks?that align with your strengths. By outsourcing certain tasks, you can also tap into specialized expertise and stay up-to-date on the latest industry trends which can be a full-time job in itself.
HELPFUL TIP:??If you're unsure where to start with delegation, we recommend grabbing a piece of paper, taking 5 minutes, and writing down everything you do in a week that you don't enjoy. Identifying the tasks that you enjoy the least or that take up the most time will bring?CLARITY?to where you are most likely to benefit the most from outsourcing.
At Masters in Clarity, we believe that?unlocking your full potential ? as an entrepreneur or business owner requires letting go of the belief that you need to do everything yourself. We're here to?support ?you in delegating tasks,?empowering?your team, and?achieving?the success you deserve.
If you're on the fence about delegation, consider what your hourly rate is and multiply that by at least 5 because most entrepreneurs lose at least that many hours per month doing things that they don't need to be!
CTD @ Jamaica Productivity Centre???Operational Resilience Specialist ?? S.T.E.M. Advocate/Mentor???Fractional COO ??Podcast Host of The COO's Corner ?? Lean and Kaizen Enthusiast??Continuously Improving
1 年Absolutely spot on Dolores Hirschmann, PCC, CPCC ??! Such great power in having SOP's. The information outlined here will help leaders be more strategic and work ON the business, not IN the business.
PRESIDENT - NAT'L BESTSELLING AUTHOR at BELLA VITA LITERARY AND ENTERTAINMENT
1 年Yes power of words determind. Our life and success. Peace. And joy. If words of God. And spiritual always bring all. Not ego or self. Power food for the spirit. My fifth book and. Inner outer health and wealth. True joy. Thks and Brava. God bless all. Inner and outer
Creating Life Purpose For Special Needs Adults; Founder and Chief Visionary Officer at Dharma Dreams Vocational Center; Special Needs Supporter
1 年Thanks for the reminder. I literally was having this conversation yesterday about how I have to figure out how to delegate more - Joanne, a person who wears many hats ??