Monday, June 14, 2010

The Price of Time - Learning to Delegate

How much is your time worth? Finding out is the first step in analyzing whether or not it is more beneficial for you to hire someone else to complete tasks... or do them yourself.

So let's start here:  Know the Value of Your Time Calculator
Take a few moments to input the basics, then calculate the results.  You may be surprised at the outcome.  Even more so, you may discover that you would benefit from delegating a variety of tasks -- everything from hiring an assistant to do your monthly bill paying, grocery shopping and errand running to hiring a handyman to get through that "Honey Do" List that seems to have more items being added than ones being scratched off as completed.

For many, delegating is a difficult process. As the saying goes, "It's just easier to do it myself" is something I've heard time and time again, especially by those "Type A" personalities.  While that may be true in some instances (especially in the beginning), enlisting the help of others can be a cost-effective, time-saving solution.  If you are lucky enough to retain help on a long-term or recurring basis (or find a "crackpot" assistant from the get-go), once you've established a rapport, the learning curve that was a deterrent to begin with can seemingly drift away.  You then are left with a little more time...and peace of mind.