Many of you know my method when it comes to delegating in my appraisal business and even in my personal life. I first know what I am worth per hour; meaning, I know how much I can make per hour. I will then delegate anything that I can pay someone else less to do. For example, if I can make $300 per hour and can pay someone to clean my office at $75 per hour, then I am going to delegate that task (assuming volume is not an issue) so that I can spend my time focusing on what I am good at and what ultimately makes more money.
However, I have at least one exception to that rule. When I spoke to my accountant about protecting myself from embezzlement, he told me that one of the best things I can do is to make sure that my employees never touch the money. For this reason, I do all the bank runs and separate all of the checks from the check stubs myself. While these tasks are simple and could be easily delegated, it is simply not worth the risk.
I love the law of delegation, and I find myself using it as often as possible, but I am also careful. Any tasks that have to do with touching the money, I do myself. If delegating a task puts myself or my appraisal company at high risk, then it is not worth delegating.
For more information on this subject, please listen to The Appraiser Coach Podcast Episode:
