(Photo was taken March 11, 2017. London is 5 months old )
Fulltime father and virtual CEO
It was October 2016. It had been less than 4 years since I hired my first virtual employee from the Philippines. And now, my son London was soon to be born. I just had one more task I needed to delegate. After that, I would experience true virtual freedom from my business and I could focus on being a fulltime father.
The final task
Purchasing was the last task I continued to work on daily. I held on to that task because making good purchasing decisions meant more profit for the company. Making bad purchasing decisions meant a potential loss for the company. For years, I was afraid to delegate that responsibility to someone else.
The path to virtual freedom
Prior to that point, I had delegated every other business process to a remote worker: inventory, information technology, customer service, bookkeeping, and other tasks required to run and grow the business. For each of those tasks, I calculated the opportunity costs of performing those tasks myself vs delegating to another person so I can focus on other important tasks. It made business sense for me to delegate those tasks.
The opportunity to raise my son fulltime
Before London was born, I had the time to be the “Purchasing Manager” for my own company. I could even perform the task after my 2-4 hour bike rides each day. But there was a new opportunity in front of me: the ability to spend time with and raise my son fulltime. The opportunity to do this is priceless. It made sense to delegate my final task. I prepared my standard operating procedure document (SOP), invested time to train staff, and that’s was it. I was finally free from working “in” my business each day.
Opportunity and freedom to choose
As I teach other entrepreneurs how to build, manage and lead a virtual team, a core benefit I emphasize as a result of delegating is freedom. Freedom to choose and do whatever you feel is important as a result of delegating a task and time previously required to perform the task by you. You could choose to pursue other business opportunities or choose to spend quality time with family.