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8 Myths Costing You Time & Money Series: Part 2 of 4

Last week’s post – was quite the eye opener for some of you. I debunked a few delegation myths.

If you missed it you can read it here.

We talked about how “not enough cash” is not the main reason why you are not leveraging other people’s talents to grow your business. The real truth is that many of you have an internal battle between feelings of losing control, perfectionism and trust.  Trust being a biggie.

But, we all know that if you don’t let go, it will be pretty hard for you to break away from the daily grind and focus on building your empires.

Today,  I’m debunking a couple more myths, so you can delegate  confidently, profitably and continue on your quest to take on world.

Ready?

Here we go:

Myth 3: 

Financial Fallout Fallacy

It will cost me more money in the long run.

Fact:

Stop the crazy talk, nothing can be further from the truth!

As I just showed you last week if you figure out your budget ahead of time, you can start delegating and seeing that return on your investment fairly quickly.   Actually, the more you delegate the more money you will make  (how cool is that?).

But, you have to be strategic about it, know the value of your time. Determine what your needs are and more often than not, not only will you make more money you will save money.

Here is the thing, once you surround yourself with the right people and get those time sucking tasks off your plate to free up your time so you can focus on the strategic level work and what’s profitable (client work, marketing, business development, etc.) your business will grow exponentially.

Myth 4:

Nobody Does It Better

What if the person I hire won’t do the work as well as I can? What if she is slow? No one else can do it right. Can I REALLY trust someone else to do x as good as I can?

I won’t know what to tell them to do. Even if I do give them something to do, how do I know they’ll do it right, or even actually do it!?

Fact:

Okay, first the bad news: this myth is your fault and no one else’s.

Now for a some good news: this too can be easily mitigated by having strong hiring and communication skills, listening to your gut and following your instincts. Once you get those things in order, you can definitely find the person to do the job right.

Other things you could do are implementing a thirty to sixty-day trial period and if the person isn’t working out, move on to the next until you get it right. I have a saying, Hire Slow, Fire Fast. You want to avoid the temptation of keeping someone who is not doing the job well because you’ve put time into them this will only cost you more money, time and aggravation. And you don’t need that extra stress in your life now do you?

Next, there are many ways to swing a hammer. No, whoever you hire will never do administrative tasks the same way, close, but not the same exact way as you would.

But, that is a good thing and here’s why: you are hiring this person to take care of tasks you hate to do or areas you struggle with,  but, guess what?  they shine at doing.  That is their special sauce. If you were to give them something related to your brilliance they would suck at it. So, chances are these tasks will be done far better, than how you ever could.

And here’s a little secret I’ve discovered, I’ve learned it’s far easier give opinions on and to change someone else’s creation than on my own!

Other ways to make sure your team do things similarly to the way you do them is to record how you want things done. You can document all the steps of how you do things in your business. You can video record yourself as you do a particular task. Once you find that person all you have to do is hand off the documented process. Simple, eh?

And here’s where it gets even better, have that person continue to document the tasks you assign to them as they learn and do their job. This trick will save you a ton of time when you want to continue streamlining your business or have to replace someone or add a new person to your team.

Stop rebelling,  it’s time to hire help so you can concentrate on growing your business and taking on the world.

Whew, that was a lot!

Enough debunking myths for today.

Come back next week for another juicy episode on debunking the untruths of delegation.

In the meantime, tell me – What’s holding you back from letting go?

If you liked this article please like it + share it. 🙂

 

12 Comments

  1. Another great post … okay Yvette, you’ve got me inching closer and closer to delegating! I was just commenting to someone else that I used to have a team and hated managing them, but that was in “another life” and I am not that same person anymore. I think my entire resistance is based on that old history that doesn’t even apply. Thanks for debunking the myths, I love this series!

    • You’re welcome, Mindy! I’m excited to hear you are almost crossing over to the other side! And once you do, you will never go back, delegating becomes addictive!
      Just remember, love, you are not a manager, you are the queen bee, the leader and that is a whole ‘nother ball game 😉

  2. Yvette, you’ve got me thinking about all the things that take up time, but aren’t core to my biz. Time to start a list and add to it every time I’m noticing activities that bog me down!

    • YAY! Fantastic Christie 🙂

  3. Hi Yvette, this is so true. Delegation is the key to being a good leader. I teach this all the time in my management trainings and very often entrepreneurs are leaders of just themselves. You absolutely cannot be a good leader or yourself, your business, or others if you do not crack the delegation issue. It’s not like being more organized. You can still be a good leader with a messy desk. You cannot be a good leader if you can’t delegate the right tasks to the right person at the right time and then FOLLOW THROUGH – which is a key step so many of us skip.

    • Sarah,
      I absolutely love this –
      “You cannot be a good leader if you can’t delegate the right tasks to the right person at the right time and then FOLLOW THROUGH – which is a key step so many of us skip”
      SO TRUE!!

  4. The things holding me back from letting go? 1. Fear 2. The belief that my way is the way things should go. 3. Fear. lol I am dealing with letting go up close and personal right now. I’m sitting in the uncomfortable feelings of letting go and that is hard. BUT, turns out things are actually working out for the better. Go figure. I agree. Let go!! Thanks for the reminder.

  5. I really look forward to your posts. They are always really insightful and super helpful. Like some of the commentors above, I am so on the fence about hiring people to help in my business…but I know I would be so much MORE productive if I freed up some of my time. I can’t wait for the next post! In fact, I am going to go re-read the last post right now!

    • Awwww….thanks Megan! If you want to chat a bit further about this feel free to email/dm me 🙂 I’d be happy to help.

  6. Stop making me think lol! Yes you’ve totally got my number on delegating… I love that “Hire Slow, fire fast” brilliant!

  7. Great post Yvette! Hire Slow and Fire Fast – ABSOLUTELY! This also goes for any short-term contract/project work you are needing…great advice!

    I agree about hiring someone and seeing how quickly you grow as a result! I hear so many people saying they can’t afford it, but OMG….once you take the leap and cross that tipping point, things change quickly and in a powerful way.

    Thanks again…
    Tina 🙂

    • Thank you bunches, Tina! So, happy to hear you are seeing the results from delegating. YAY!

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