Learn more about productivity with this collection
Conflict resolution
Motivating and inspiring others
Delegation
Factors to consider when delegating
- The experience, knowledge and skills of the individual as they apply to the delegated task, including the time need to provide training, if necessary
- The individual's preferred work style
- The current workload of this person: consider if the person has enough time to take on more work and how this affects other responsabilities.
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5 key questions...
...to determine when delegation is appropriate:
- Is there someone else who has (or can be given) the necessary information/ expertise to complete the task?
- Does the task provide an opportunity to grow and develop another person's skills?
- Is this a task that will recur, ...
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Delegation as a solution for work overload
If you work on your own, there's only a limited amount that you can do, however hard you work.
One of the most common ways of overcoming this limitation is to learn how to delegate your work to other people. If you do this well, you can quickly build a strong and successful te...
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How to Delegate
- Specify the outcome you desire to the people you trust to deliver it.
- Establish controls, identify limits to the work and provide sufficient support, but resist upward delegation.
- Keep up to date with progress, and focus on results rather than procedures...
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Keeping Control
- Take time to explain why they were chosen for the job, what's expected from them during the project.
- Discuss timelines and deadlines.
- Agree on a schedule of checkpoints at which you'll review project progress.
- Make adjustments as necessary....
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Factors to consider when deciding whether to do "free work"
- Do they pay other people that do the same type of work you do? What about their competitors?
- Will I learn "enough" from this interaction that I can just call this a part of my education?
- Is it public work with my name on it or am I just saving them cash to do something tha...
Your Skills And Areas Of Interest
Acquire relevant skills, experience or industry knowledge necessary and ensure you have the passion and competence for what you are going to work on.
A good start is to monetize the skills you already have that are related to the side hustle you want to establish this. And if you lac...
Factors to consider when splitting startup equity (3)
Future plans. Founders should also think about long-term goals and how equity splits may impact those plans. For example, if one founder plans to take on a full-time role with the company while the other intends to remain a passive investor, this may affect equity split.
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