If you’re an entrepreneur, you have probably mastered juggling different tasks excellently. But as your business grows, responsibilities will grow in size and in number.
If you continue juggling them alone, you will end up dropping and breaking some aspects of your business. Understanding the importance of delegation and executing it properly is the key to scaling your business fast and saving you from burnout.
Owning a business and doing it solo means you have to sacrifice your finances and leisure time. But all of these sacrifices are not actually paying off. On the contrary, they are hurting your business. Not only your business, even your health, relationships, and sanity.
Not delegating is straining your brain. Spreading yourself too thin leads to decision fatigue. It will turn you into a paralyzed over thinker, overwhelmed hothead, immediate-satisfaction seeker- or worse, all of the above!
If your brain is strained, you won’t have the power to make smart decisions to make your business grow.
Disasters are inevitable in businesses but you can be prepared for it with the right delegation and smooth systems.
A team must have an intact operation system and everyone must be knowledgeable of it. If everyone knows what they’re doing, even the hardest blow will have a minimal impact.
Delegation is both art and science such that it is attacked both systematically and creatively. It can be difficult to let go especially if you have managed everything from the start.
But delegation is the only way to grow your business to new heights. The infographic below shows that CEOs who delegate generate 33% more revenue than CEOs with poor delegation skills.
The tasks you can delegate include accounting, social media and marketing, legal, data entry, and web design and development. When delegating, consider the expertise and availability of each person. Make sure to clarify your desired outcome with parameters and targets.
Everyone should be informed of the company’s goals and values to make sure everyone is in the right direction. Give constructive feedback and be generous with praise for a job well done.
You only have one brain, one body, and two hands. You can only do so much. There is no shame in asking for help. If you have been in business for so long but you are not scaling up from your plateau or your business is starting to fail, it’s time to delegate.
If done right, it will save your health, sanity, and you’ll finally reach the peak you are aiming for. Learn more about the art and science of delegation through the infographic below.