But neither is only about dollar bills. They’re both committed to paths of a higher order, and their strong values are part of what make them role models.
It’s worth noting, then, what Branson’s advice to Elon Musk was, when asked by CNBC’s Nancy Hungerford. In light of the recent controversy around Tesla and SpaceX, Hungerford wanted to know what Branson’s opinion was of Musk’s challenges. Here’s part of what Branson said:
“[Elon]’s got to find time for himself; he’s got to find time for his health and for his family. He’s a wonderfully creative person, but he shouldn’t be getting very little sleep. He should find a fantastic team of people around him.”
Branson’s suggestion for how to get there? It can be summed up in one word:
Branson put it a little more diplomatically, but not a lot: “I think he maybe needs to learn the art of delegation.”
The fact is, a lot of us resist delegating. Either we don’t want to give up control; we don’t believe someone else can do it as well as we can; or we don’t think we can afford it.
But there are many (including Branson) who would argue that in fact, you can’t afford not to. The cost of trying to do everything yourself is more than just burnout: it can end up destroying your relationships and even your business.
For example, career and business strategist Jenny Blake says delegating actually saved her business. In her piece on Harvard Business Review, she said it also facilitated her tripling her income.
Read that again: she tripled her income because she learned to delegate.
“Tasks that are relatively simple probably are not the best use of your time,” Blake said. “Very straightforward tasks can (and should) be handled by anyone but you.”
She suggests using a method of six T’s to determine which tasks to offload. They are:
According to Blake, the best way to determine what to delegate is to look at what’s on your plate and then ask the following questions: “What can you and only you do? How can you delegate the rest?”
Not if you should delegate the rest, but how to delegate the rest.
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