You Can Outsource Just About Anything, Except Your Decision Making

Key takeaways

  • The Internet provides a boundless resource for finding people to whom we can outsource various jobs and tasks.
  • Take care to consider the “who” versus the “how” of outsourcing.
  • You can outsource almost everything to a who, but it’s important to retain control of the decision making “how” of things.
  • Maintaining the decision making in the process keeps you in charge of running everything outsourced instead of everything running you.

Lately, we’ve been looking at the relationship between “who” versus “how”. In other words, the “how” refers to a task or job we need to do. How we’d go about learning it, how we’d put the various pieces of the job together to complete it. Depending on what’s involved, it might take several months. But we could free up a lot of time and avoid the hassle of having to learn a new skill, with the inevitable mistakes along the way, if we found a qualified “who” with the experience and skill to get the job done right away.

In today’s world, the Internet provides us with a huge capacity to easily locate people who can do the things we can’t or don’t want to do. It just makes a lot of sense in both business and our personal lives. But don’t lose sight of this important point: You can outsource just about everything, except your decision making. It may seem obvious that no one else can conduct actual decision making for you, but I see increasing numbers of people forgetting this fact. Often, as people outsource nearly everything, very little is being looked after in the process.

When you outsource something, it’s very important to stay involved in the decision making and to have (at least) a rudimentary understanding of how things are done in the process. That way, you won’t get caught short and realize that someone else is making the important decisions, rather than you, because they don’t have a clear idea of their decision making authority or how to go about making a given decision.

As we continue to select more and more people to act as the “who” to handle certain tasks for us, it’s vital that we become much clearer about the roles of each person involved. Make sure you retain control of the decision making side of things, so you don’t get into trouble, especially in business, but also in your personal life.

If you don’t stay involved in the how, you become basically invisible to the who and that’s when everything could fall apart. There’s someone out there who can do virtually everything for you today, other than provide the basic needs you have as a person. When you lose touch with the decision making or the basic “how” of the process, it can open you up for potential disaster.

Think about the how versus the who next time you hire another who to take out the trash, cut your lawn, summarize your readings, do videos, or whatever it happens to be. Stay on top of the how of decision making and the control you retain in that process. Otherwise, you can end up in a situation where everything is running you, rather than you running everything else. Until next time, enjoy.

Gary


Gary Klaben is in our Glenview, IL office and serves our clients who are now located all over the country.  He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about TransformingWealth™ , our proprietary approach, designed to get your arms around the big picture so you can make informed financial decisions. Ask Gary about Coyle’s TransformingWealth Preview Meeting, and schedule a complimentary consultation and start living the Good Life Managed Well™.

www.coylefinancial.com
800-480-7913 | coyle@coylefinancial.com

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All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting, but are subject to change without notice due to market, political, or economic conditions.

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