Playbook / Lessons / Team and numbers
Cash-flow businessKnow your hourly rate before you delegate
Welsh says that before getting help for your business you should calculate your hourly rate. He gives an example of paying someone $30 an hour for admin and support, and of paying $300 for a permanent fix and documentation after a payment problem cost him hours twice.
“Buy back your time at its lowest value and reinvest it at its highest.”— Justin Welsh, Leverage is the solopreneur cheat code., Sep 2025
Do this
Calculate your hourly rate, list the tasks worth less than that, and hand one of them to a contractor.