It sounds crazy, but delegation won’t get you to Half-Retirement.
Business owners can ditch the work they don’t enjoy, cut their workload dramatically, and keep their income in Half-Retirement.
Inevitably, the first place business owner’s minds go when trying to create a plan to Half-Retire is, “Ah ha, I need to delegate more.”
Delegation can be a mirage. In the Half-Retire world, delegation sounds wonderful in theory, but in reality, would you not have delegated your work already if you could have?
If you haven’t delegated the work you can’t stand anymore, it’s for a reason; that work cannot be delegated. Watch the video below for one business owner’s ah-ha moment.
There are plenty of reasons why delegating an owner’s work is so complicated.
- Delegation costs money many don’t want to spend. Your helper needs to be paid. Many times the cost of the delegee gives business owners pause.
- Delegation can potentially slow down the organization and cost profits. We’ve all seen it happen; you delegate work, and it makes the situation worse, not better. Time is lost training and supporting the delegee only to have less than optimal work completed.
- Delegating can ruin your Half-Retire bliss. I’ve seen business owners jump headlong into delegating their entire workload and calling themselves Half-Retired, only to be yanked back into the business a few months later when the business is near the edge of the cliff. We ban the word delegation in the Half-Retire world for a reason. It’s dangerous thinking. Most business owners lack the team talent, time, patience, and money to make traditional delegation work. There’s a better way to become Half-Retired than delegation.
- Delegation is more than “throwing a body at it.” It goes something like this, a. I have work I don’t want to do anymore, b. I hire someone to do it on my behalf. The new delegee does not have your experience, skill, positional power, and more. The Throwing a Body at it Plan won’t solve anything other than frustrating you and draining your wallet.
If delegation isn’t the answer, what is? To radically reduce the owner’s workload, we use a multi-pronged approach that is radically different from traditional delegation. I’ve seen owners go from a 20-hour-a-month task down to a one-hour task. I’ve seen Half-Retirees reduce travel from 80% of their work time to 20%. We’ve seen hundreds and hundreds of business owners cut out the work they don’t like…just not via delegation.
If you’d like to discuss your specific situation, schedule a 15-minute complimentary call.
