The Power of Delegation
Although we see delegation daily, we still see some business owners and entrepreneurs that are afraid of the concept of delegation.
The simplest meaning of delegation is to assign a task for a freelancer or a freelancing agency to do the job for money in return. The main benefit of this is to free some time for the delegator.
Here are some excuses on why business owners and entrepreneurs are concern about delegation:
“I Can’t Trust a Random Person to Handle My Job.”
You can never work if you think that way. Why should I trust your business then? Same concept. It would be best if you avoided unknown freelancers that have no portfolio or previous experience. Look for freelancers in authentic marketplaces — there are a couple of dozen websites present this kind of service.
Try to interview them if that makes you feel more secure. Ask them about their previous work and what are their experience. You will be surprised to find many freelancers willing to work for a very negotiable price per hour. The good part is that you can always change them or get a replacement.
If your work has some complications and needs someone dedicated, I suggest freelancing agencies as they can provide a replacement if something goes wrong or the freelancer is no longer working.
“No One Can Do the Work That I Do.”
This is a very toxic kind of thinking. If you think that you can achieve everything yourself, then you won’t grow. In other words, don’t expect to expand your work. Try to let go of the high expectations. Delegate the tasks that you feel are wasting your time. Focus on the important stuff to get to where you want to go.
Delegating is not hard. It’s like hiring a part-time employee — mostly online — and expecting results at set times with set compensation. Set your rules and be clear on how to do the task. Give directions and ask for direct contact if needed.
Most importantly, leave your ego at the door.
It is an Expensive and Unnecessary expense.
This is the fun part.
Do you know your hourly rate? No… then follow me
Take a pen and paper, let’s go…
Calculate your hourly rate. Yes, even if you are the CEO, get the number down on the paper.
Now let’s assume it’s 20$ per hour. If you have a task that takes two hours daily. Then this is ( 20$ * 2 hours * 7 days ) = 280$ per week.
Let’s say we have a freelancer that can do that job for you for 10$ an hour. Then this will cost ( 10$ * 2 hours * 7 days ) = 140$ per week + 2 hours of free time every day.
If you think that is still expensive, I’m sorry to tell you that you don’t value your time. Rethink this over.
What if Something Wrong Happened?
According to Morgan Housel, the author of “The Psychology of Money.” There are two things possible in life — especially business — these are luck and risk. If you believe that you can do the job, then do it. Most likely, I won’t be seeing you taking a vacation anytime soon.
Having to delegate your work is an art. You have to design your system and set the rules and follow through. One of the best examples for adopting delegation is Tim Ferriss in his book “The Four-Hour Work Week.” He goes on delegating his email and even his bank account. If you think that is too much, then don’t go that far, but at least delegate the tasks that you believe are time killers and are easily managed.