Cameron Herold explains when to hire a COO: use an activity inventory to list your daily tasks and rate them as Incompetent, Competent, Excellent, or Unique Ability. Remove or outsource the first two, delegate the third where you can, and bring in a COO to handle high-value work that isn't your strength.
Chapters
Hiring a COO is going to make your business better, your life better, and you better put.
The time into pinpointing the changes that will.
Improve your situation the most, make your personal situation more sustainable, and.
Make the time you spend.
On your business more effective.
Otherwise, you'll end up hiring someone who would make someone else's.
Life better, but not necessarily yours. The best place to start is with.
An activity inventory.
A process I learned.
From Dan Sullivan.
At Strategic Coach.
Imagine someone.
Followed you around at work for a month and.
Filmed everything you.
Did, from.
Replying to emails and booking.
Flights to.
Chairing meetings and planning budgets.
Make a list of all the tasks.
The camera would capture.
Then categorize.
Them in one of four ways.
I for incompetent.
Meaning you suck at.
It C for competent, you're okay at it, E for excellent, you have a high level of skill at it, but you don't love it and UA for unique ability. This is what you're best at and you would do it for free if.
You didn't need to feed.
Yourself and your family. Once you've broken.
All your professional tasks.
Down down into four categories, you can.
Start to identify work.
You could delegate. The first step is to get all.
The incompetent and competent.
Tasks off your plate. Stop doing those tasks at once. Outsource them, optimize them, automate them and.
Delegate them to an.
Employee or hire an executive assistant.
To do them for you.
Now take all the.
Higher value initiatives.
That you don't love doing and that are beyond the purview of an EA or regular employee and put them in a bucket that builds out a job description for a.
Second in command.
Then you hire a great COO to do all the important high value work that isn't one of your unique abilities.
