You are throwing away money every hour! Find out how to stop. #70secondCEO every week day with Carl Gould.
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Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.
We’re going to talk about delegation. We’re going to talk about where do I utilize my team. Right. Now unless the value of a task is greater than your hourly value rate your hourly rate. Then you delegate that task. Okay, so think, so another way to think about it is if you say well I had a client that said, you know, we were talking about his time allocation and he said to me he goes I go to the bank and I do the deposits every day. I said you what? He said, Yeah, I do the deposits. I said Brian I didn’t think you had a cash business. He says, I oh no, I don’t we only get checks. I said do people write checks out to your personal name? He said oh no there. No, checks to the company. I said well, I press it right nobody. You can’t cash a check that way which means anyone can deposit it, so if somebody stole the check went to the bank try to catch they couldn’t and he said, Carl that’s my money.
I said no, it’s actually not your money. It’s actually the company’s money and you’re just a delivery boy and you’re responsible for a few hundred dollars per hour of the revenue in your business. So you are spending a couple hundred dollars a day, or certainly every time I go to the bank I said how often you go to the bank, oh I do it everyday.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.