According to studies, entrepreneurs spend more than 68% of their time handling everyday tasks, leaving little time to focus on growing crucial aspects of the business. New business owners often put in extra shifts, spending more than 50 hours per week at work. And this easily leads to work-related burnout and exhaustion, adversely affecting productivity. Delegating business tasks is crucial as it solves burnout while freeing your hands to focus on other parts of growing your business. But what tasks should you delegate as a business owner? Here are a few.
Accounting or bookkeeping responsibilities
While keeping a keen eye on your finances is important, delegating the smaller, daily accounting or bookkeeping tasks is best. For example, payroll management, inputting various financial information, sending out invoices, and maintaining accounting records must be left to other capable hands. You can also invest in accounting software to handle such tasks. Beyond the traditional accounting duties, you can also delegate or outsource other money-related issues to experts. For example, delegate that responsibility to someone else instead of running around from one business to another trying to recover unpaid debts. Alternatively, you can hire a commercial collection agency to do that for you, so keep this in mind.
Research tasks
Keeping your business thriving will demand a lot of research on your market, target audience, and competitors. You’ll have loads of data to work with, numbers to crunch, and stats to monitor. Moreover, research doesn’t end, and there’s always something new to look into. Take that burden off your shoulder by hiring an experienced pair of hands to track the facts, examine the statistics, and research other relevant info on your behalf.
Simple, everyday tasks
Whether it’s picking up your favorite lunch, booking flights, sending some short emails, or scheduling emails, delegate the simple tasks even if you love doing them. They might sound simple and non-time-consuming, but add them together, and these simple minor tasks can take a significant chunk of your business time. So delegate them to a trusted personal assistant or look for automation software solutions you can use to handle them.
Social media uploads and campaigns
Social media plays a crucial role in online marketing and brand image, but the last thing you want to do is bear this responsibility alone. For any social media campaign to be effective, it requires regular uploads of quality content, constant monitoring, and interactions or engagement with online followers. These tasks are seriously time-consuming, even for trained social media experts. You can delegate this tedious task to a professional social media manager or hire a third-party company.
IT support
Whether it’s network issues or online security, IT needs professional hands. And this is one of the few areas of your business you should not take for granted, even if you have a lot of spare time. You can add an experienced IT professional to your staff or delegate all your IT support issues to a third-party IT company.
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