Are you a hard worker? Do you take on anything and everything that comes your way in an effort to build your business? What if I told you to stop it? Furthermore, what if you are actually slowing your business’ growth and hindering its profitability by doing too much? In this week’s edition of Platinum Rules for Success, “The Accountability Coach” Anne Bachrach discusses the important skill of delegation. You can grow your business and increase profits FASTER if you know how to delegate responsibilities. You may say to yourself, “But I’m the only one who knows how to do it the right way!”. Well, sometimes sacrificing a little bit on quality, in order to get more done, is the smarter move. You can’t do it all. At some point, you need to trust others to contribute. In other words, you can do LESS work, and make MORE money by following Anne’s tips on delegation. Read on, business leaders and over-achievers everywhere! This is one lesson the most succesful among you are most likely to benefit from.
Delegation 101 – Grow Your Business Even Faster
O ne important key to growing your business is to delegate the time-consuming, non-income driving tasks to someone else. Does Jennifer Lopez concoct her own perfume or create sketches for her fashion line? No, she delegates to her team. All she is obligated to do is attach her face to the finished product. She does little work, yet reaps the rewards of residual income.
This is the ultimate example of expanding your mindset to think inventively, creatively to create passive income, yet investing little time. Mastering delegation is one of the key components to growing your business. Effective delegating is all about hiring others to take responsibility for the tasks that are not worth your time (e.g. editing photos, coding a website, writing landing pages) or are incredibly easy to do (e.g. answering emails, bookkeeping). This frees up your valuable time to take on the income-driving tasks like getting more clients, conducting live events, brain-storming on new product ideas.
Making the transition from where you are to where you want to be starts with thinking outside the box. Remember, the key is to leverage your business, so it is not dependent on your daily attention. Create residual income streams and delegate non-income driving tasks to a virtual assistant or employee. Follow these tips and your business will grow beyond your wildest dreams.
To help you be even more effective and efficient so you can achieve your goals at an accelerated rate, you can delegate more to your team members than you have or might think possible. Stop holding on to things that can be done by someone else, and do only those activities that you can do and cannot be done by anyone else. Stop doing revenue generation / business development avoidance activities and delegate more! Successful people are excellent delegators so work at being an even better delegator and be even more successful.
Anne M. Bachrach is known as The Accountability Coach™. She has 23 years of experience training and coaching. Business owners and entrepreneurs who utilize Anne’s proven systems and processes work less, make more money, and have a more balanced and successful life. Anne is the author of the books, Excuses Don’t Count; Results Rule!, and Live Life with No Regrets; How the Choices We Make Impact Our Lives, No Excuses!, and The Work Life Balance Emergency Kit. Join the FREE Silver Inner Circle Membership today and receive 10% off on all products and services, in addition to having access to assessments and high-content resources to help you achieve your goals so you can experience a more balanced and successful life (http://www.accountabilitycoach.com/coaching-store/inner-circle-store/). Get Your Free High-Content Book from Amazon today: 10 Power Tips for Getting Focused, Organized, and Achieving Your Goals Now.
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