In this episode of the Business Advisor Podcast, I delve into the challenges of delegation faced by many accounting and bookkeeping business owners. As someone who has been there, I understand the struggle to let go while maintaining high standards. In this episode, I explore why it's so hard to delegate and provide actionable solutions to overcome these barriers. From the perfectionist trap to documentation deficiencies, knowledge transfer breakdowns, quality control woes, and systemising personalised services, I break down the five big barriers that keep us stuck doing all the work ourselves. I share practical strategies such as strategic process documentation, incremental responsibility transfer, structured quality assurance, and the 10-80-10 delegation model. By implementing these steps, you can build a business that thrives even when you're not at the helm.

Key Takeaways:

1. Perfectionism Trap: Many entrepreneurs believe no one can match their standards, which prevents them from delegating effectively. - "No one can do it like I can; clients expect me to do the work, and it won't be good enough unless I do it myself." – Amanda C. Watts

2. Documentation Deficiency: Without clear documentation, teams are left guessing, leading to errors and frustration. - "Your team are just guessing what to do because there's no map, and you don't have proper documentation for them to follow." – Amanda C. Watts

3. Incremental Responsibility Transfer: Delegation can start small, allowing both leaders and teams to build confidence gradually.  - "Delegation doesn't have to be all or nothing; you can start small and let your team dip their toe in before stepping back more as they prove themselves." – Amanda C. Watts

4. Structured Quality Assurance: Simple checkpoints ensure quality without micromanaging or leaving tasks to chance. - "Instead of micromanaging or crossing our fingers and hoping it will work, we need to set up simple checkpoints like a five-minute review or a final quality check before anything goes to a client." – Amanda C. Watts

5. 10-80-10 Delegation Model: This framework creates a logical feedback loop that makes delegation safe and effective. - "This model creates a feedback loop that actually works because you're going to save time, get better results, and empower your team to grow while relieving your fears about letting go." – Amanda C. Watts

Want more? Join THE FREEDOM TRIBE

Here's all the FREE BONUSES you'll receive when you join our exciting community on Skool; The Freedom Tribe

• Global Community Of Peers: CPAs, accountants, fractional CFOs, bookkeepers and finance professionals from all over the world sharing ideas, best practice and innovations with each other.
• Digital copy of Amanda's NEW BOOK, the Business Advisor Playbook: 300+ pages that will transform your approach and share the strategies you need to create, sell and deliver business advisory services.
• Digital copy of 500:200 Model™ Guide: My tried-and-tested formula for taking home at least 200K with business advisory revenue of 500K.
• 12 Days Of Business Advisory video series: that walks you through creating the perfect advisory offer.
• Hand Picked And Categorised episodes of the Business Advisor Podcast to accelerate your journey from a compliance-led to an advisory-led practice.

PLUS: There are a few other surprise bonuses that can be UNLOCKED once you are inside the community: Get Clients Course and 5 Day LinkedIn Challenge. Super excited to see you there, and looking forward to helping you achieve all that you want in life.

-
Speak to you in the next episode...