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by samspenc 873 days ago
My thoughts and experience with this.

Business side: for stuff like graphics design, research and data entry, building simple websites or apps, video editing or creatives, I've had good luck finding talent on freelance sites.

Finance: this is something I would be leery about outsourcing, until you grow big enough. Even though, I would outsource this to a well qualified CPA / CFA or company specialized in this, not to a random freelancer online.

Food: you can purchase food at your local restaurant or even have it delivered through Doordash, Uber Eats etc. Yes, not quite as good as home-cooked food, but you are asking about tradeoffs to save time.

Shopping: similar to food, purchase online and have it delivered to your home.

Home / car repairs: this is a tough one. You can save a lot of money on DIY here, BUT it is fraught with peril, one wrong step could mean a lot more in costs than you could have saved with an expert. As of now, I'm just letting the experts handle this.

1 comments

I generally agree though this depends on which part of the world you're from. Some useful metrics for delegating/outsourcing

1. If it's a specialty that you don't have but is important, consider outsourcing (e.g. accounts, design etc.)

2. Like parent said, freelance is good for transactional stuff but for long term engagements, outsource to a company whose people you've met or know (Atleast via. a reliable referral).

3. Food (and exercise/health). If this gets hurt, the whole business gets hurt so it's worth spending time, energy and money here.

4. Shopping, laundry etc. - Batch these things. Do what you need once a week so that it's under control but doesn't take up too much time.

It's useful (though not fool proof) to calculate your opportunity cost when you do things yourself. If you're worth $50 an hour (consulting time etc.) and spend 2 hours to buy $25 worth groceries, it's something you need to look at outsourcing or delegating.