How To Do More In 4 WEEKS Than Most People Do In 4 Years

Summary

• I've built and sold three businesses by 28 and now manage over a $500 million portfolio. The secret to fast growth is learning to delegate effectively.
• Delegation is crucial, but many people struggle with it. They tend to either micromanage or abdicate responsibility completely, neither of which works.
• A leader should evaluate managers by the department's improvement under their supervision. If the department stalls, it might be due to poor delegation.
• Delegating involves more than just handing off tasks; it requires training and empowering others to lead.
• You can't grow if you always try to control everything yourself. By delegating authority, you create leaders rather than just task doers.
• Balance between control and growth is necessary. Empowerment may feel like stepping back to move forward, but it accelerates progress eventually.
• Avoid being a "perpetual abdicator," which means neglecting responsibility entirely. Leaders must provide feedback and set expectations.
• Delegation should be 80% focused on what only I can do best, and 20% on filling gaps where no one else is available yet.
• Delegate with clarity and ensure everyone understands what good results look like to avoid confusion and inefficiency.
• There are four zones of delegation:
  • Done or deleted: For low-importance tasks that require low competency.
  • Informed progress: High-importance tasks needing constant updates and feedback.
  • Informed results: Low-importance tasks requiring high skill, monitored by results.
  • Don't delegate: High-importance, high-competency tasks that are essential to the business.
• Learning when not to delegate is vital. Some roles, especially those involving strategy or irrevocable decisions, should be done personally.
• Use a framework with axes for importance and competency to categorize tasks and see what can be delegated.
• Analyze tasks weekly or monthly and assign them within the appropriate quadrant, ensuring “do it yourself” tasks are truly necessary for personal handling.
• Effective delegation leads to a more empowered team and sustainable business growth without compromising quality.

Video

How To Take Action

I would suggest starting small by breaking down your tasks. Take some time to look at everything you do weekly. Make a simple list with two columns: importance and skill needed. This will help you understand what you can let others do.

A good way of doing this is using the four zones of delegation. First, look for low-importance tasks that don’t need much skill, like ordering supplies. Let those go to someone else. These tasks are in the "Done or Deleted" zone.

For tasks that are important but don't need high skills, like checking on a project’s status, put them in the "Informed Progress" zone. Let someone else handle them, but keep getting updates to ensure they're going well.

If a task requires high skill but isn’t super important, like monthly reports, it falls into the "Informed Results" zone. Here, you can delegate the task, only reviewing the results at the end.

Finally, there are tasks that are important and need your skills, like making big company decisions. These should stay with you in the "Don't Delegate" zone.

Training your team is necessary to make this work. Take time to show them how you want things done. This will seem slow at first, but it makes your team stronger in the long run.

Remember, you want your team to be leaders, not just do tasks. Give them the power to make choices. This way, they grow, and so does your business. Start with small steps and soon you will see big changes.

Quotes

"Business is hard and if you want to hand something off and have it done well you have to learn how to properly delegate"

– Leila Hormozi

"If you delegate tasks you create followers if you delegate Authority you create leaders"

– Leila Hormozi

"What you have to understand is that you only have so much attention"

– Leila Hormozi

"You either have growth or you can have control it is very difficult to have both"

– Leila Hormozi

"Intelligence is the speed of learning"

– Leila Hormozi