Successful entrepreneurs are always effective delegators
A growing business requires a shift from a do-it-yourself style to a more hands-off approach.
One common issue we come across with our clients is when the business owner is so busy working in the business they’re not finding the time to work on the business. Naturally, when the business is young this is necessary, but a growing business requires a shift from a do-it-yourself style to a more hands-off approach. Highly successful entrepreneurs can quickly adjust to accommodate this change in needs and the new realities of their business.
Delegators work on the business rather than in it. They are focused on outcomes rather than processes. You cannot possibly accomplish everything yourself. You have to relinquish control and hand over authority for certain tasks to others who are better equipped to handle them. This frees up your time to focus on activities that grow the business.
By giving employees autonomy to make decisions related to their tasks, you foster psychological ownership and engagement. Effective delegators equals engaged and motivated employees, who are more likely to take initiative, thus increasing productivity and benefiting the company.
To delegate effectively:
- Identify what to delegate.
Make a detailed list of all the activities on your plate. Ask yourself two questions as you go through the list: Is this activity critical for the growth of my business? And is there someone else who can do it better? Strategic planning, managing important customer relationships, hiring decisions, and confidential tasks are critical duties that usually require your direct attention. On the other hand, for accounting, legal work, social media, IT functions, and administrative tasks, there is usually someone else who can do it better, so delegate.
- Identify whom to delegate to.
If you have hired people with the right talents and skills, then it will be easy for you to identify the right person for each task. Match the job to the individual with the appropriate expertise to deliver results, not just to those who aren’t busy.
- Take time to set things up for success.
One of the main hurdles to delegation is the amount of time it takes to train someone. It is worth your time to make sure employees have what they need to do the job right.
- Allow employees to perform.
Be patient. Manage the process by focusing on the results. Set clear milestones for key stages of the project, and monitor progress.
- Give feedback.
Effective delegation builds the capacity of your team. Talk to employees about what works and what does not. As they learn, they will improve their performance on each task and be able to take on more responsibility.
Our team ae always happy to help and offer a free two-hour initial review to help you understand how to make valuable changes to support your business. For more information please email email@example.com or call 01252 820002 and speak to our regional team.