$1, $10, and $100 work: Why Public Adjusters Should Prioritize High-Value Tasks
It’s no secret that Public Adjusters juggle multiple tasks on a daily basis. From menial office work to high stakes negotiation – the tasks you perform (and how much time you spend on each task) dictate the outcome of your day, and the overall success of your business.
Now imagine putting a numerical value on each item sitting in your to-do list. What would that look like for you? ClaimWizard’s co-founder and resident Sorceress of Alchemy, Lynette Young, developed an interesting take on how we categorize the work we do. She calls it “$1, $10, and $100 work.”
Let’s break it down:
- $1 work refers to low-value tasks you would outsource or automate, such as scheduling social media posts, data entry, or administrative tasks. These are essential tasks, but they are not the highest priority or best use of an individual’s time and expertise.
- $10 work requires some skill and expertise, such as creating content for social media, designing graphics, or conducting market research. These tasks require more effort and time, but they are still not the most high-value activities an individual can do to achieve success.
- $100 work represents high-value tasks that require specialized knowledge and experience, such as strategic planning, business development, or building relationships with key stakeholders. These tasks are often the most critical and have the most significant impact on achieving long-term success.
The idea of placing numerical value on tasks is to allow Public Adjusters to prioritize and delegate. Spending too much time on lower value work could potentially take your attention off those items that truly matter.
“In order to achieve success, individuals and businesses need to prioritize $100 work and reduce the amount of time spent on $1 and $10 work,” Lynette explains.
“By delegating or automating low-value tasks and focusing on high-value activities, individuals work more efficiently and effectively towards their desired outcomes. When individuals and businesses spend too much time on low-value tasks, they risk stalling their growth and limiting their potential.”
However, don’t assume that lower value tasks aren’t top priority for another person. Lynette stresses that someone’s $1 work may actually be someone else’s $100 work – and it all comes down to delegation and identifying roles within your business.
“The idea that $1 work for owners is $100 work for staff is a concept that emphasizes the importance of delegating and outsourcing low-value tasks to free up time for high-value work,” says Lynette. “It recognizes that what may be a low-value task for a business owner or top executive can be a high-value task for staff members, who are often more specialized and trained in specific areas of the business.
“A staff member who is highly skilled in social media management may find scheduling posts and responding to comments to be a high-value task that contributes directly to the success of the company’s social media presence,” says Lynette.
“Each member of the team has their own unique strengths and areas of expertise, and by delegating tasks effectively, the company can maximize its resources and achieve its goals more efficiently and effectively.”
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