460: Six Strategies To Solve Your Delegation Problem

<h1 style="text-align: center;"><span style= "color: #0000ff;"><strong>This Podcast Is Episode Number 460, And It's About Different Skill Sets Of A Construction Company's Financial Team</strong></span></h1> <div>When you run your own business, it's tempting to take on every responsibility. There are many reasons for doing so: you want something done a specific way because you don't have the time to explain how to do it or because you're not sure someone else can handle the task. </div> <div> </div> <div>Delegating saves you valuable time and energy. Sharing duties with your team also fosters a sense of responsibility, engages them, and helps them develop their skills.</div> <div> </div> <div> <p style="font-weight: bold;">What makes it so hard to delegate?</p> <p><span data-preserver-spaces="true">Construction workers live in the real world, where everything can be seen, heard, felt, tasted, and sometimes smelled. They can look around and see evidence of their activities. Their long-term time horizon in years past was two weeks, which is why most payrolls are paid every two weeks. With the variety of check cashing and payday loan outlets, their long-term time horizon has been replaced with now and right now!</span></p> <p><span data-preserver-spaces="true">Construction company owners work in an intangible and imaginary world where nothing is real or solid. Nothing in this part of their world can be perceived with any of your five senses: Sight, Sound, Feel, Taste or Smell. Your long-term time horizon is between 30 days and one year, depending on the size and complexity of your construction projects.</span></p> <p><span data-preserver-spaces="true">Construction company owners have to make 100's if not 1,000's of decisions every day with whatever limited information is available. As a construction company owner, you have to decide on Marketing Strategies, Accounting Strategies, and Production Strategies.</span></p> <p><span data-preserver-spaces="true">The decision on which market to pursue is only the beginning. O