That Hire That Wastes a Lot of Time & Money
In this monologue, Ryan Deiss warns entrepreneurs against the common mistake of over‑hiring virtual assistants (VAs) and other helpers. He critiques the popular advice to list daily tasks and outsource any that could be done for an hourly rate lower than the entrepreneur’s own rate, calling it a smart‑but‑dumb approach. While outsourcing simple tasks may seem efficient, it creates a new, more complex task: managing the VAs, which consumes time and effort. Deiss emphasizes that many of these simple tasks could be handled personally during idle moments, and that the management overhead often outweighs any cost savings. He suggests limiting hires to essential roles—such as a business partner or fulfillment staff—rather than hiring oneself through VAs, to avoid wasted time and money.
