Since we’re in a new year, one of the questions I’m getting asked most these days how to start delegating to a team. Many business owners have decided that 2018 is the year they will stop doing everything by themselves and expand their businesses.
However, I’m also getting some push back from some people. They say delegating to a team simply takes too much time and costs too much money.
Look, I get it. When it comes to my business I have a tendency of spending money like water and profitability was always an issue for me until recently. But that’s also because I made a ton of mistakes along the way – none of which had anything to do with delegating to a team, but rather what I was doing with my newfound time.
In reality, delegating to a team saves time and money. Here’s how.
You can use your newfound time to sell.
How many business owners are up to their eyeballs in tasks that don’t actually make them any money? A lot of them. That’s why they are broke.
When you start delegating to a team, you save time which you can then use to make money. For example, my team handles a lot for me. That means I spend my time pitching new clients or on consultation calls so I can make more money.
The thing is you need to actually have something to sell, otherwise, this won’t work. So if you haven’t come up with some sort of service or offering, you need to do this first.
You waste less time and money if you hire someone to fix something.
When I first started my blogging journey, I would try to save money by fixing my own issues on my website. Of course, this would end up costing me more money because I lost so much time. I also had no business fixing my website.
In fact, I’m pretty sure one of the reasons it’s taken me so long to have a successful business is because I was so resistant to spending money to fix my problems. I could have used that time to get more clients or get better at sales, instead, I was fighting with code. Trust me, it’s not worth the hassle.
Lesson learned. If it’s broken and you have no business trying to fix it, pay someone else to do it for you.
Consulting experts saves you time and money.
One of the perks of delegating to a team of experts is that they give you advice. Often times, this advice can save you a lot of money.
For example, one of my coaching clients reached out to me saying that her accountant needed a W-9 from me. I sent the email to my accountant and he stepped in. Long story short, the W-9 was unnecessary and would have cost everyone more time and money in the end.
Delegating to a team saves you time so you can make more money. It also saves you money in so far as you make less costly mistakes. So if you haven’t started delegating to a team yet, now is the time to start.