Are You Stuck Working "IN" Your Business?
Free Up Time & Scale Faster →Not enough time to get everything done in a day? You're working 50, 60, maybe even 80-hour workweeks, handling everything yourself:
- Putting out the fires
- Leading the team meetings
- Closing all the important deals
- Fulfilling the day-to-day work for your top clients
Sound familiar? Trust me — that was a dumb thing to do, and Austin has been there. Taking on every role in your business only leads to burnout (he had anxiety attacks and had to call 911, not once but twice). And it's the main reason most small business owners stay stuck on the hamster wheel.
Well, good news: it doesn't have to be that way.
If you're ready to create a business that works for you — and not the other way around — you need to learn how to delegate effectively. Problem is, most business owners are absolutely horrible at this.
The goal: move away from doing so much yourself, and get the "working in the business" tasks off your plate — so you can focus on what a true CEO should be focused on: the vision, strategy, and growth initiatives that drive the company forward.
But first you need to answer one critical question:
Of Your Time?
It's easy to think about cost in terms of an employee's salary — but as a business owner, your dollar-per-hour rate probably isn't a number you know off the top of your head. To start delegating effectively, you have to know this number. Once you do, you'll immediately see how many low-value tasks you should be offloading.
(Spoiler: it's most of them.)
Here's the simple 3-step calculation to figure out your $/hour — and then one final step to put the rule into action.
Realistically, what are your target personal projected earnings in the next 12 months? This isn't your business revenue — this is your personal total take-home pay: your salary, profits, and distributions combined.
Write that 12-month total down.
How many weeks do you work in a year? Use ~50 weeks if you don't have a set number. Then multiply your weekly hours by that number to get your total annual hours.
Divide your projected earnings by your total annual hours. That gives you your dollar-per-hour rate — the value your time needs to average.
Do the calculation and circle that number. It's more powerful than it looks. Once you can see your time has a concrete dollar value attached to it, every task you do for less than that rate becomes obviously wrong to be doing yourself.
Worth 25% Or Less
Of Your $/Hour Rate
Now implement the rule. Review an entire workday and write down every single task you did. At the end of the day, highlight everything on that list that can be offloaded for 25% or less of your $/hour value.
And do you know how many tasks can be done by someone for $25/hour or less?
The vast majority of things in your business. Odds are it'll be more than half of your total work time.
When I first did this exercise, I was shocked. Well over half of what I was spending my day on could have been done by someone else for a fraction of my hourly rate. The revelation isn't that you need to hire more people — it's that you've been making decisions with your most expensive resource (you) that should have been made with your cheapest ones.
- Get your $/hour rate. Divide your target take-home by your total annual hours.
- Identify the low-value tasks. Anything that can be done for 25% or less of your $/hour rate needs to go.
- Delegate all of them — ASAP. Don't taper into it. Make the list and offload aggressively.
- Replace that time with high-value work. Vision, strategy, growth. The work only you can do.
- Rinse and repeat. Do this review regularly as your business grows and your rate changes.
Do this and you'll very soon set records on your freedom, your growth, and your bottom line. Your time is valuable. Treat it that way — and start mastering delegation.
Ready To Get Free
From The Weeds?
The 2X Accelerator helps 6 and 7-figure entrepreneurs build the systems and team to delegate effectively — and scale faster than ever in just 90 days.
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