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The Power of 80-20 Delegation
The 80-20 principle allows you to free up 80% of your time or take on 5 times more work and invest that time back into your business. By focusing on growth tasks instead of maintenance tasks, you can 5x your income through delegation. Understanding your unique contribution and value to a project is crucial before implementing delegation. Delegation strategy involves knowing how to delegate, finding, testing, vetting, and interviewing people, determining fair pay, and effectively managing and coaching them.