Price your own hour, list where your week goes, and see which tasks someone else could do — and what it costs you to keep doing them yourself.
Use the revenue that depends on you personally — the revenue that would leave if you did.
List what fills a typical week. For each task, decide honestly: does it need you, or could a team member or outside help do it? The rows below are a sample; replace them with your own.
| Task | Hours / week | Who could do it | Their cost / hour |
|---|
Every task ranked by what it costs you to keep doing it, and the first one to hand off.
Tasks someone else could do, ranked by the gap between your hour and theirs.
| Task | Who could do it | Hours / year | Cost of doing it yourself |
|---|
| Hours freed per yearEverything marked team member or outsource | |
| Those hours at your hour value | |
| What it would cost someone else to do them | |
| Capacity you'd buy backYour value of the hours minus what it costs to hand them off |
Illustrative. Your hour value is revenue divided by hours worked, and the capacity figure assumes freed hours go to work like the work that produces your revenue today. It is not a cash saving until those hours are used that way.
Most advisors don't have a time problem. They have a what-only-I-can-do problem. Let's build the handoff plan.
Book a Call With Level 10Every hour you work carries a price, whether or not you have ever calculated it. Dividing the revenue that depends on you by the hours you actually work gives that price. Once you know it, every task on your calendar can be judged by the same question: is this worth what my hour is worth?
Your hour value blends the hours that produce revenue with the hours that only support it. That is the point. When an hour of paperwork is priced the same as an hour in a client meeting, the cost of keeping low-value work becomes visible, and the case for handing it off stops being a matter of preference.
Most advisors mark more tasks as their own than they need to. A useful test for each one: if someone you trained did this well, would a client notice or care? Client relationships, advice and decisions about the firm usually pass that test. Scheduling, paperwork and much of meeting prep usually do not.
Handing off a task creates capacity, not income. The capacity figure assumes the hours go back into the kind of work that produces your revenue: reviews, prospects and relationships. Decide in advance where the freed hours will go, or they tend to fill with new low-value work.
A simple method is to divide the annual revenue that depends on the advisor by the number of hours the advisor works in a year. The result is an average value per hour, which can be compared with the cost of having a team member or outside provider do specific tasks.
Tasks that do not require the advisor's judgment or relationship are usually the first candidates, such as scheduling, account paperwork, meeting preparation, routine trading and marketing production. Client advice, key relationships and decisions about the firm generally stay with the advisor.
Hiring help increases expenses immediately, while the benefit depends on how the advisor uses the hours it frees. Comparing the cost of the help with the value of the advisor's hours, and planning in advance where those hours will go, makes the decision clearer.