This week's key takeaway:
Gain control and feel confident to delegate - with Ben Fewtrell and David Carlin
Episode intro:
Delegation is one of the hardest things in business. In all the years we've been doing this, we've seen countless business owners and senior people caught up in their own busyness, drowning in menial tasks. Sometimes we see people spending 7 hours per week sorting through their emails. Are you one of those people?
We've all been guilty of wasting time on repetitive tasks that we really don't need to do - it's very easy to fall foul of this in everyday business. But why not think about how it works with an investment property? You don't get many landlords fixing their own boilers, and many are happy to give away a chunk of their revenue to an outside agent so they never have to find tenants, collect rent, or even set foot in the place.
By the end of the episode, you'll have some simple, actionable advice on how to delegate your business tasks like a good landlord, and free yourself up to do the things you enjoy most.
In this week's episode you will learn:
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The difference between abdication and delegation
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How long you should spend each week working 'on' your business rather than 'in'
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The processes you need to build for delegation
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The delegation mindset
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Real-life examples of how to effectively divide a workload
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How outsourcing can help
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'Opportunity cost' explained
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Why a task can be done better by somebody else than you
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The biggest delegation mistakes to avoid
Show links:
