I have not been in a bank for a few years. And I LOVE it.
One of the greatest advances of modern technology has been online banking.
It saves me time, and frustration. I’m MUCH more organized with my finances because everything is easier to track and monitor. I was lousy at balancing a check book and getting to the bank in person to make deposits and that in large part was because it was a task I didn’t enjoy doing. Finances are not my area of expertise or interest.
Saving time, streamlining repetitive tasks, and letting the bank do my work for me has been such a benefit.
When you own your own business, your day is crammed with things that need to be done and suck up your time. You are occupied by all the things that need to have your business run smoothly.
But you can’t do it all without burning out.
So, what can you do to free up time, so you don’t feel like everything is a constant scramble and that leverage your productivity to improve your bottom line?
There are two solutions that you need to master:
1. Delegate
2. Automate
We’ve got some easy tips for you to implement. Delegating is an important skill for small Business Owners to master because it can provide a number of benefits for both the owner and the business:
- Increased productivity: Delegating tasks frees up time for small Business Owners to focus on higher-level tasks, such as strategic planning and business development. By delegating, owners can ensure that their time is spent on activities that are most important to growing the business.
- Improved efficiency: Delegating tasks to employees who are best suited for them can increase efficiency and reduce errors. Employees who have the necessary skills and experience to complete a task can often do so more quickly and accurately than an owner who is trying to juggle multiple responsibilities.
- Employee development: Delegating tasks can provide opportunities for employees to learn new skills and take on more responsibility. This can help build employee confidence, satisfaction and can also help prepare them for future leadership roles within the business.
- Reduced stress: Small Business Owners often wear many hats and can become overwhelmed with the amount of work they need to accomplish. Delegating tasks can help alleviate some of this stress by allowing owners to share the workload with others.
- Increased innovation: Delegating tasks can bring new perspectives and ideas to the business. Employees may have different approaches or insights that the owner had not considered, which can lead to innovation and growth.
- Improved work-life balance: Delegating tasks can help small Business Owners achieve a better work-life balance by allowing them to focus on the most important tasks and delegating other responsibilities to employees.
Delegating means you don’t have to do it all yourself. You are surrounded by a team of people, some of whom are just waiting for an opportunity.
You can’t make $100,000 a year chopping carrots or doing oil changes.
If your goal is to make $100,000 this year, you can’t make it doing an hourly wage job. Hire someone to do those types of jobs for you, so you can focus on higher-level tasks. The biggest thing to remember when delegating is that you are delegating the task itself, but not the responsibility. You still need to monitor results.
Here are some tips on how to delegate effectively:
- Determine which tasks to delegate: Start by identifying tasks that can be delegated to others. Look for tasks that are time-consuming, repetitive, or outside of your area of expertise. These could include administrative tasks, social media management, content creation, and customer support.
- Choose the right people: When delegating tasks, it’s important to choose the right people for the job. Look for employees or contractors who have the necessary skills and experience to complete the task effectively.
- Set clear expectations: Clearly communicate your expectations for the task, including deadlines, quality standards and any other important details. Make sure the person you are delegating to understands what is expected of them.
- Provide resources and support: Give the person you are delegating to the information, resources and support they need to complete the task effectively. This could include access to tools or software, training, or support from other team members.
- Monitor progress: Keep an eye on the progress of the delegated task, checking in regularly to ensure everything is on track. Provide feedback and support as needed.
- Trust your team: Delegating tasks requires trust in your team members. Give them the autonomy they need to complete the task effectively and avoid micromanaging.
- Evaluate results: After the task is completed, evaluate the results and provide feedback to the person who completed it. Use this as an opportunity to identify areas for improvement and provide positive feedback where appropriate
Delegating will increase your productivity and efficiency, provide opportunities for employee development, reduce stress, increase innovation, and improve work-life balance.
Next week, we’ll talk about the second important solution – automation. And again, this means relinquishing the tasks but not the responsibility. You still want to be able to provide direction for what you automate and monitor results, you just want to put the work in someone else’s hands.
One of the key benefits of Royalty Rewards® is that you’ll be assigned a personal Coach that you can delegate to.
Your Personal Coach will:
- Make sure your marketing is sent on time.
- Monitor your results.
- Suggest improvements to your marketing and help you eliminate money wasters.
- Save you time and money.
- Help you increase the flow of customers into your business.
You are entitled to a free call to see how Royalty Rewards® will work in your business and a 90 Day Free Trial if you want to go ahead and have us do your marketing for you. Click the button below to get started.
