How delegation can create more money?

Now among all my activities, which one do you think created the most profi ts? The answer is when I was training. Every day I trained, I earned for my business $5,000 (100 students multiplied by $50 per student). However, because I had to do all the other activities, I only had the time and energy to do a maximum of six training days a month, thus the most I could gross was $30,000 a month. I thought of hiring people to do the administration, logistics and accounting but I was initially too stingy. I thought to myself, ‘If I hire an administrative assistant, I would have to pay the person $2,000 a month’. ‘If I do it myself, then I would save the money!’. What I did not realize then was that by doing the admin, accounts, logistics and selling myself, I was actually losing money everyday! Why? You see, every day was worth a potential $5,000 if I spent it doing training. If I were to hire an administration assistant, I would have to pay the person $2,000 a month, which works out to $100 a day (assuming 20 working days a month). If I did the administration work myself, I would save $100 a day. However, I would be losing a potential $5,000 as I would not be able to be out training. So although I save a potential $100, I lose a potential $5,000, I end up losing $4,900! The moment I realized this, I went out and hired an assistant to take care of all my admin work like fi ling, answering calls, arranging logistics, coordinating with clients and so on... This freed me of a collective fi ve days a month which I could now spend doing training and earning my business an additional $25,000 a month. Not bad, I invested $2,000 to earn back $25,000!