Podcast Summary
Focus on income generating activities, outsource admin tasks: Effectively delegate tasks to free up time for income generating activities, ask yourself the four questions to make informed decisions, don't let fear prevent growth and adaptation.
It's important to stop getting bogged down in low value tasks and focus on income generating activities that align with your vision and values. The world has changed, and outsourcing and automation are now viable options to help manage admin tasks, emergencies, and other stressful tasks. The fear of letting go or of others making mistakes should not prevent you from growing and adapting to the fast-changing world. Remember, the myth of working long hours for years to become successful is just that - a myth. Instead, ask yourself the four questions to effectively outsource tasks and free up time for more important work. Don't let fear hold you back from delegating and trusting others to help you succeed.
Identify and prioritize your top 5 key result areas (KRAs): Focus on top 5 KRAs to delegate, defer or outsource tasks, save time, and enjoy the process of doing what you love and excel at
To be effective and focused on what truly matters, one should identify and prioritize their top five key result areas (KRAs), which could include collaborations, personal brand, global growth, strategy, and vision. By doing so, it becomes easier to delegate, defer, or outsource tasks that do not generate significant revenue or fulfillment. Instead of asking "how" to do a task, ask "who" can do it to train your brain to be more proactive and less reactive. This mindset shift can help save time and energy, allowing you to focus on your KRAs and enjoy the process of doing what you love and excel at.
Delegate tasks to experts for better results: Focus on your strengths and delegate tasks to those who are better, faster, cheaper, or enjoy the work for optimal business growth.
As an entrepreneur, it's essential to focus on your strengths and delegate tasks to those who are better, faster, cheaper, or more enjoy the work. Your role is to be a generalist, collating the expertise of various specialists. Don't let your ego get in the way and believe that you're the best person for every task. Instead, ask yourself four questions: who is better than me, who is faster than me, who is cheaper than me, and who enjoys it more than me. By delegating tasks to the right people, you can free up your time to focus on what you do best and what fulfills you most. Remember, you can't be the best specialist in every area, but you can be the best generalist and bring all the specialists together.
Outsource tasks for growth and enjoyment: Outsource tasks that don't generate revenue, hinder vision, or are disliked for faster, cheaper, and higher quality results. Free up time and focus on growth.
Entrepreneurs should consider outsourcing tasks that are not bringing in direct revenue, taking them towards their vision, or that they dislike, as these tasks can often be done faster, cheaper, and more enjoyably by others. By outsourcing, entrepreneurs can save time and money, freeing up hours to focus on revenue generation and growth. Additionally, the enjoyment and expertise of the outsourcer can lead to higher quality work. Entrepreneurs should remember that their time is valuable, and even tasks that seem inexpensive to them can be outsourced for less. This can create a virtuous cycle of accelerated growth and leverage. As David Goggins famously said, "It doesn't have to be hard. It doesn't have to be painful." Instead, entrepreneurs should delegate tasks that cause stress and frustration, allowing them to focus on what they do best.
Learn to work smart and outsource tasks: Successful entrepreneurs delegate tasks to those who can do it better, faster, cheaper, and enjoy it more to grow their business and reduce stress.
Instead of focusing on working hard all the time, entrepreneurs should learn to work smart and outsource tasks to others. Fear of mistakes, failure, and trust issues often prevent entrepreneurs from outsourcing, but every successful entrepreneur, including Richard Branson and Elon Musk, have gone through this phase. There's always a cost to everything, and staying small and controlling everything can lead to stress and tension. When you grow your business and outsource, there's a risk of being screwed over or having your brand copied, but there are also benefits such as having people work for you for decades and support your cause. The key to successful outsourcing is to ask yourself four questions: who is better than me, who is faster than me, who is cheaper than me, and who enjoys it more than me. Stop wearing the badge of honor for working long hours and instead focus on delegating tasks to those who can do it better, faster, cheaper, and enjoy it more.
Follow Rob Moore on Clubhouse and Facebook for regular updates: Rob Moore uses multiple platforms to engage with his audience, including Clubhouse and Facebook. To stay updated with his work, follow him on both platforms.
Rob Moore, the speaker in this text, is an active content creator who uses multiple platforms to engage with his audience. He occasionally multi-streams on Clubhouse but is more consistent with his daily content on Facebook. He encourages his followers to keep up with him on both platforms for regular updates. Rob is known for creating a substantial amount of content on Facebook, including Facebook lives, and aims to provide value to his audience through various means. So, if you want to stay updated with Rob Moore's work, make sure to follow him on both Clubhouse (Rob Moore) and Facebook (Rob Moore Progressive).
