Why delegation matters in business and why you need to learn to delegate?
Simply put, you can’t do it all. You don’t want to do it all. It will be a complete disservice if you do, so don’t even try. Effective delegation provides superior business development because now, your business grows independently from you, your skills and presence. It becomes extension of what you do for others and through others.
Your entrepreneurial obligation is to delegate
- Drive costs to the lower value points in your cost hierarchy and your business model,
- Train others and by doing so enhance both your company’s and staff skills, knowledge, and competitiveness, beliefs etc.,
- Create capacity and devote your best efforts, resources and energy to highest value projects all the time.
Remember , your business is a tool to enhance your life and the lives of your family.
Your business exists to serve you, not the other way around.
You work to live, not live to work?! Or,…
If you don’t delegate, you will quickly become a servant to the business. You’ll become embroiled in every aspect of the company. The demands on your time will exceed your availability and will tax your patience, your renewal time, your resources and all the other things you consider important in life. Frustration will follow. Let me be clear here, you may be very well the best person for the job, but you can’t do it everything, you can’t learn everything and you can’t be everything to everybody. Period.
When you delegate:
- You show trust in others. This is good for morale, for building values, for passion, common purpose and teamwork. Trust enhances capabilities, speed and builds other core competences. Trust also emphasize common purpose and values.
- You develop others’ skills. This is good for the business. When you invest in others, meaning your time and energy, you show respect. You show that you care not only about company’s values and objectives but about people that work in the company. People will come and go, but the critical point here is that you newer underestimate who may be in your audience, who do you train, educate and develop today, and what impact that may have on your organisation in the future. Your roads may cross in the future again…
- You free up your time so you can do “CEO stuff” and have a life.
What do I mean by “CEO stuff? Goal setting, planning, and executing. And the message is: don’t try to do it all yourself… especially the execution. You’re there to oversee, guide, train, educate, motivate, inspire and lead. You delegate to have more resources to market your unique capabilities, great services, to be a masterful coach, a accessible mentor and a system designer.