This episode is about
three approaches to delegating work within your business. No
business can grow unless the founder is able to delegate work to a
wider team of people. It's essential that tasks are properly
delegated and that the business owner doesn't abdicate
responsibility. However, there are three very different ways to
delegate:
The Operations Manual Approach is
where detailed standards and procedures are defined for how
all tasks are to be undertaken. Work is typically undertaken by
relatively inexperienced employees, who learn to follow detailed
specifications.
The Results Only Work Environment is
where employees are given clear targets or results to meet and
it is up to them how they do so. They create their own work
procedures and have maximum freedom on issues like whether to work
at home.
The Outsourcing Approach is
wherework is delegated to independent
contractors or virtual assistants. Fixed costs are kept low by
avoiding hiring employees as much as possible. Work is typically
outsourced on a specific fee-for-project basis.
The episode explores the advantages and disadvantages of each of
these approaches.
A podcast about living a life of your choosing. Topics covered include financial independence, productivity, entrepreneurship, peaceful parenting, minimalism, and rational thinking.