Time. No one has enough of it and most all of us want more of it. We all know that time slips away from us, especially in our businesses. You know that list of goals you want to accomplish but keeps gathering dust? Or those systems, services, and operations you have been meaning to implement for the past year? Or, in my case, writing my blog! Let’s face it, we all lose track of time.
If I could completely solve the time conundrum and dish out a block of time for each person who wished they had more, I would. But that’s impossible, so let’s take ourselves back to the basics of business management. The basic key to finding more time is discovering the power of leverage–that is, developing support systems for the most valuable members of your team so they can add even more value.
Support systems in your firm could be technology hardware or software, outsourcing, consultants, administrative workers, or professional talent. By far, the maximum amount of leverage provided to an owner of an advisory firm is his professional talent. But before you jump and go out a hire professional help, there are some things that you need to think about.