I often meet firm owners eager to add more advisory services to their offerings, but they often struggle with task delegation.
In this episode, I’ll share how I tackled this and how you can too.
Listen below.
0:42 When I was running my firm, we offered a range of advisory services. While not overly complex, they required more customization than routine tasks like tax returns or month-end closes.
1:25 Advisory services require technical expertise, a strategic mindset, and strong communication skills to ensure they are effectively delivered and valuable.
2:25 If you plan to delegate a cash flow forecast to a team member, they should have some background in this area. Relevant work experience is definitely a significant advantage.
2:51 The key to successful delegation is having written documentation. Without it, effective delegation becomes quite challenging.
3:37 Once you have a process in place, you’re ready to train the person you’ll be delegating the work to.
4:03 The goal is to shift from doing 100% of the work yourself to 50%, and eventually down to 0%. Shadowing is essential to make this happen.
4:14 Lastly, have the team member gradually take on more of the client presentations themselves.