So what is your time worth each hour? As you make strategic
decisions to grow your business is it reasonable to assume
that your time is worth more than that of your employees?
As you free up time to do what it takes to make your business
more valuable, your hourly value continues to increase.
This means it is to your advantage to assign routine,
repetitive tasks to your employees. Maybe you could do
it better right now, but as the press of a growing business
pulls you to higher level activity your employees will
probably learn to do it better than you have time to do.
Under Riches
vs Wealth, we talk about teaching your employees to become
proprietors within your business. The way they learn to
become more responsible is to give them authority for
small complete tasks. Tell them what is expected in writing.
Be specific about what needs to be done, but flexible
about how it is to be done. Expect mistakes and a learning
curve. Build confidence with constructive suggestions,
not recriminations.
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