Step 4 - How to Outsource

Transcript

1. Transcribed by https://otter.ai - 1 - Step 4 – How to Outsource SUMMARY KEYWORDS investment, food prep, person, research, happiness, charge, dollars, dedicate, put, living, drastically, spent, money, dollar bills, va, business, vary, stress, investing, family SPEAKERS Patricia Sung Patricia Sung 00:00 Hey, guys, thanks so much. Now we're talking about money. How much money do you have to put towards this specific project or person that you have decided you'd like help with? Well, this is one of the questions that I get all the time is like, how much should I should that person charge? I'm like, well, it really depends. It depends on what the work is where they live, when you have someone who's living like in New York City, compared to someone who lives here, in Texas, the cost of living is very different, what someone's going to charge may vary drastically based on where they're from, you're also looking at experience level, when somebody is well experienced, that means that you're probably going to pay more. But in theory, you should get your product back faster and better done than if you are giving it to somebody who is newer, it may take them longer, they may not have thought of all the things that go on in the background at the same time, you might get a great deal. You don't know until you do a little digging here. Patricia Sung 00:54 So when we're thinking about money, you're going to consider both your own ability of what you can put towards this, but also what is realistic in this market, you will do a little research. What generally speaking do people charge for a cleaning person or food prep or a VA, do a little research and see what's common in your area. And then also a true look at your budget, what do you have that you can dedicate towards this. The other thing I want you to think about is when you start paying someone for the first time, it is scary, it feels like you're just throwing dollar bills everywhere, because you don't see right away where that investment is making sense for you. I really, really would encourage you to think of it as an investment you are putting money into your life or your business in order to create more happiness. Patricia Sung 01:50 Sometimes we don't get like an obvious return on investment like that people talk about, but the return on your investment may not be $1. Like it may not be like I spent $1 And I got $3 back, it may be I spent this dollar and I got two minutes back with my kids to have a quality connection, I got less stress back because I'm not worried about all these things that I'm dealing with. Like there is more to just getting dollars back. A lot of this is investing in your family and your happiness. And that like is why we make money. That's why we go to work so that we can do things to take care of ourselves and be happier. So this is not just about what am I like quantity can I write down that I got out of this. We're
2. Transcribed by https://otter.ai - 2 - also spending money to be happy to have less stress to enjoy our family time more. That is such a worthy investment into you and your family. So just keep that in mind. As you start investing in yourself and in your family and in your business, that it's not just about the dollars. It's about the bigger picture.