What if you didn’t have to do any of the stuff you hate doing and actually made more money by not doing it?
You can. All it takes is delegating.
Delegation is something we CPAs aren’t generally very good at doing. We tend to be the ones who, when we were in school and there was a group project, would go ahead and do all of the work because we wanted to make sure it got done right. But now, as practice owners, this kind of thinking puts a cap on the growth of our firms. We reach a point where we simply can’t serve more clients well all on our own.
Here's your exercise for today: Write down every task you do in your business. Meeting with clients. Research. Marketing. New prospect calls. Tax returns. Accounts payable. Accounts receivable. Administration. Anything and everything that’s on your plate, write it down.
Then, sit back and review the list. Circle all the things you love to do. Congratulations! Everything that isn’t circled is now your delegation list.
We promise you this: There are people out there who love to do the things you don’t. Your job now is to go out and find them.
Some of them may already work for you. Carve out some time to meet with your current employees and talk about their roles. What do they love to do? Is there a match for something on your list? What should they potentially be delegating?
If you still have gaps — and in a growing practice, we expect there will be — these are the roles you need to fill. Design your recruiting plan with these tasks in mind.
When you learn to delegate successfully, you can do what you love while expanding your practice and making more money.
Give it a try today.
Want to learn how to get better clients, a better practice, and a better life? Book a call with us today and see if joining TFW Advisors® is right for you!