subject: Business Delegation, How to Do It? [print this page] Business Delegation, How to Do It? Business Delegation, How to Do It?
How Can I Have More Time and Delegate More in My Business?
Doing every thing by himself or herself is one of the main problem that many small business owners face. The dilemma started usually when the business owners were used to be a specialist employee that was working in a company. Michael Gerber, small business Guru, the author of E-Myth, wrote that many of these people felt that they contributed much to the profit of their previous companies that they worked.
Because of this, they think that if they just leave the company and make similar business themselves, they can be successful entrepreneur, but in reality is the opposite. According to Gerber, many of this employee is usually a technician. They are paid to be a technician in taking care one particular part of the overall business. According to his research, successful entrepreneur needs to be 3 things at once to be successful: technician, visionary and manager.
The challenge is to have the overall knowledge and to effectively delegate these tasks to someone else to make your business work. According to Roger Hamilton, XL Entrepreneurs Network Founder and Phd from Cambridge University, wealth comes from the multiplication of value and leverage (wealth=value x leverage). The Leverage here is the multiplier effect that will help the overall business, which is part of it is delegation.
So the question is what are the steps that I need to do to have more time in my business and delegate more so that i can work on more important work:
Create Apprentice Plan; Plan to identify the low-value tasks that you don't like doing anyway and train team members to do them for you so you can focus on the things that make you money.
Create an organizational chart by job functions, then list your routine tasks for each department. Hire someone else to do those work, use technology to do it or it if its your weaknesses, outsource them.
Calculate your hourly rate. Find out your income per month, find out how many hours you work in a month, then divide the two. You know your hourly rate. Are you happy with that rate. If not, what parts of more productive work you should focus to increase your hourly rate? Who can you delegate the rest? Do you have system to create consistency on your work.
That's the overall context on where you should start your delegation process and take back your time. On the last note, once you figured out what you need to do above, hire a personal assistant and good business coach to hold you accountable of your commitments.
Coach Yuri Amadin has been actively helping small business owners in Indonesia for the last 5 years. He has helped many business owners by coaching and training them to achieve business freedom.
To find out more about his writing and to get in touch with him, please check http://www.business-life-coaching.org
