Outsource Before it is Comfortable for you and Before You Need to - 65/101 Entrepreneur Mistakes & Lessons

This is something that I was taught by one of my mentors, and it is something that I will soon need to work on.I was taught that you need to outsource your work before you are ready/comfortable to do it. I'm guessing so you can grow, develop and create things faster.One of the first ways that people outsource is to get a virtual assistant and/or a personal assistant. Which helps with the day to day managing of your tasks: email inbox, account set up, buying from Amazon, etc. The individual tasks that can clutter up your time and day.This is something I'm a little reluctant to do just yet. It's a case of I do not have much that I need outsourcing and I'd rather produce more income before I can hire someone.But, as soon as you begin to outsource parts of your daily life for others to fulfil, you're saving time that you can focus on doing income producing activities.You've got to value your time and realize that it is valuable and scarce. Time is the most scarce resource on the planet. You cannot get any more of it, you cannot buy, trade or sell time. So you have to manage it as well as possible.Let's say that through your business you are making £100/hour. So if you had to spend 1 hour doing chores, you'd be losing out on the £100 income.Rather, you can hire someone for £10 a hour to do the chores around your home. So by spending £10, you have the time and focus to generate £100. Whereas if you were doing the house chores the opportunity cost would working on your business and producing that £100.An investor's approach to time management: what will give me the best result by managing this scarce recourse?You are getting more done by leveraging other people's time and skill, so you can focus on your business.One place that I know of to get work done is UpWork. Another one is Fiverr, but they are often not as professional.Question of the day: do you need to outsource parts of your business?There are another 100 mistakes that I made here.