It’s a well-known fact that money cannot buy happiness. But there are some ways spending an extra dollar or two can make a profound impact on the entrepreneurial life.
For most small business owners who are pursuing their passion on a daily basis, it seems obvious enough that cutting corners is in no way a successful business model.
Instead, taking time to make smart choices on where to invest a bit extra pays remarkably well in the long run. Case and point: the wonderful world of an effective assistant.
Whether it’s someone who essentially takes on the role of the office manager or someone who works remotely, spending money on a productive, dedicated assistant is money well spent.
Why is delegating a good business idea?
It all comes down to the concept of opportunity costs. Finding someone to complete tasks that you find tedious and time-consuming frees you up to do what you love. The time you gain back by delegating is invaluable, making the price tag an incredibly worthwhile investment.
For many small business owners, delegating is not an easy feat. And it makes sense: the business is their pride and joy, something they’ve put years into building from the ground up. Yet that is exactly why it is important to consider handing off the particularly tiresome tasks.
What tedious tasks should you pass on to someone else?
A good rule of thumb is to think about the time you spend doing something versus the time it would take someone who is an expert in the area.
For example, most administrative tasks are best handled by detail-oriented perfectionists with an eye for getting things done right the first time. In a survey conducted by Cloud Friday, the most common responses from small business owners regarding the tasks they would like to pass along included:
- Completing paperwork
- Scheduling appointments
- Data entry
- Writing employee reviews
- Social media management
- Answering phones
- Follow-up work
- Accounting and bookkeeping
Obviously, not all of these things are best completed by remote assistants. Yet thanks to freelance websites like Upwork, it is not only possible to find capable, reliable remote employees. It’s easy, efficient, and convenient.
In addition to freelancers, there are companies like Cloud Friday that specialize in completing work so you can spend time doing what you need to do as a small business owner.
We offer accounting, administrative and web presence services, covering almost the entire gamut of tasks listed above.
Want to save time and get your Fridays back?
No matter the issue, we generally handle it for you. So that means you have one email and one company to remember. Because we know most small business owners know what they need to accomplish, but don’t necessarily have the time to do it themselves.
That’s where we come in. Consider it a way to buy a bit of happiness by getting your Fridays back.
For more information, call us at (602) 888-0980 or contact us online.