Why is delegating so important, and how can business owners master the art of effective delegation? Co-hosts Hannah Robinson and Melissa Honan expand on Melissa's BKX talk - Delegate, Develop, and Grow. They also share insights on why delegation is the only way to scale a business and create more time for the business owner.
- Melissa shares her first experience delegating tasks and letting go of responsibilities - it was chaotic.
- Delegating is a skill that doesn't come naturally for most people - Hannah believes business owners should not be too hard on themselves if they struggle to delegate.
- Melissa explains why the most valuable thing you can do as a business owner is learning how to delegate.
- For Hannah, delegating frees up more time for the business owner to focus on high-impact tasks and create the perfect work-life balance.
- Melissa explains why the most challenging transition for business owners is shifting from doing to leading.
- Hannah and Melissa agree that it's almost impossible to scale your business if you don't know how to delegate.
- Hannah dissects the first step to mastering the art of delegation: knowing when to ask for help.
- Melissa shares her post-maternal depression story and how hiring a housekeeper made life at home manageable.
- Hannah expounds on the consequences of business owners believing they can do everything on their own.
- "Average people trade their time for money. Wealthy people trade money for time." Melissa is a huge proponent of this quote and aims to get to a place where she can trade money for more time.
- Hannah highlights that delegation is expensive, but you have to decide which is more precious: time or money.
- Melissa talks about delegation in the family unit and how parents can lighten their load by getting the kids involved in building a productive home.
- According to Melissa, it's not unethical to source cheap labor from workers outside the US - if you cannot afford to pay local talent, it's okay to hire foreign freelancers from platforms like Upwork.
- Melissa shares the impact effective delegation has had on her life-work balance.
- Hannah and Melissa discuss how business owners can overcome the need to micromanage their team members after delegating tasks.
Mentioned in this episode:
hello@ilovebookkeeping.com
