How much time do you spend doing repetitive and tedious tasks to get your data and create your reports?
Multiply it by the cost per hour and you will find how much money you are spending on it.
Now eliminate this wasted time and instead, use it to grow your business or add value to your organization.
How much value are you adding?
Sum both amounts and you’ll find how much money your losing by missing out on the process automation.
Don’t be fooled by small tasks. Say for example that weekly report that takes you 2 hours every Monday to run. You spend roughly 8 hours per month or 112 hours year.
If the cost per hour is €20 you spend €2240 doing this task. Does it worth €2k? And how about the business you can do with this 100+ hours? I am sure you got me.
At this point you’re asking: How can I have the task done not loosing all that amount of time and money?
My answer is: Eliminate, Simplify, Automate, Delegate.
“Never automate something that can be eliminated, and never delegate something that can be automated or streamlined.” Tim Ferriss
Eliminate – You would be surprised how many times I heard “I am doing it because…
this is the way it’s always been done ”
So, do you really need to do that report? Does anyone look at it in the end?
If not, stop doing it.
Simplify – Over time we all tend to overcomplicate. Is just one more detail, one more chart, one more process… and we end up with something that you’ll need a guide to understand what it is. Often less is more. Focus in what is really important and remove all the unnecessary noise.
Automate – Our most precious attribute is we are thinking beings. Thinking is what distinct us from other animals and what make us continue to evolve. No one should have to do tedious and repetitive tasks that can be done by a machine, a system or a process.
Leave the dirty work for the machines and concentrate in doing what you are good at…Thinking.
Delegate – The breakpoint is whenever you can earn more than what costs you to delegate, you should look for someone to do it for you.
Delegate it’s hard mostly because we are afraid of losing control of something we see as ours. But it is a necessary pain if you want to grow your business or get more time for what you really enjoy.
Find someone with the right skills to do that task for you and free yourself. At the end you are still profiting in money and time.