Most real estate investors are terrible at delegation. We are slow to delegate for a variety of reasons.<\/p>\n
Most likely it is because of one of these reasons:<\/p>\n
We can come up with a million reasons. But here is the truth of the matter; the faster you begin to delegate and outsource, the quicker your business will grow and become profitable.<\/p>\n
It’s a fact that it\u00a0takes longer initially to delegate and to outsource a task then it does to do it yourself. Who knew that there was so much work involved upfront just to give work away?<\/p>\n
But over time, it will change your life! For a whole lot of people, you will ultimately get your life back. Remember that thing called \u201cfree time\u201d or \u201cfun\u201d? What about being able to take a stress free vacation<\/a> because you know your business is running without you?<\/p>\n Now I\u2019m not going to say this happens immediately, but that should be your long term plan. To put people and systems in place so you can get your life back.<\/p>\n It\u2019s very likely that most real estate investors were \u201csolopreneurs\u201d when they first started out unless you were one of those folks that joined an existing family business or had a partner right from the beginning. The vast majority of all investors start out as \u201cone man shops\u201d. I can promise you that there will come a time when you begin to feel like you are drowning; you will realize that there is no way you can get it all done by yourself. You must delegate to survive!<\/p>\n Do you remember the movie with Sarah Jessica Parker and Matthew McConaughey called \u201cFailure to Launch\u201d where he just couldn\u2019t get his grown-up life off the ground? \u201cFailure to Launch\u201d is what happens when you hold on to the \u201cI am going to do it all myself syndrome\u201d to long. Your business will fail to grow and if you don\u2019t take steps to change that, your business will likely come to a standstill or fail altogether.<\/p>\n When you can finally admit that you can no longer do everything in your business, you have to make a change and make it quickly.<\/p>\n 1. Make a list of every repetitive task in your business whether it happens daily, weekly or monthly. Don\u2019t leave anything out. It might help to keep a log for 30 days just to be sure you have everything on your list.<\/p>\n 2. Look at the steps involved for each task. Don\u2019t skimp on this part. You need to list each tiny, sequential step involved for each one of your tasks. I know that just about now, you are saying \u201cI don\u2019t have time to do that\u201d. Remember to look at the big picture. You don\u2019t have to get this done today; it might take 6 months from start to finish. In the end, you want more time, more freedom or whatever it is that you are looking to add back into your life. Creating systems for your business will set you free.<\/p>\n 3. Ask yourself if there is any way to streamline each one of those tasks. Do you really need all of those steps or can the process be simpler or more concise? Can it be easier for someone new to do the task accurately and efficiently? Let\u2019s face it; you don\u2019t want to have to hire a genus to replace you.<\/p>\n 4. Once you have all of the steps figured out for one task, create an overview of the job. Here is an example:<\/p>\nIn the Beginning\u2026<\/h2>\n
Failure to Launch<\/h2>\n
The Choice<\/h2>\n
\n
Successful Delegation in 5 Easy Steps<\/h2>\n