The 5 Rewards of Delegating
Delegation is one of the most important aspects in your business. As an entrepreneur, you must learn the value of this time saving and empowering tool. Being independent doesn’t mean doing it all. You have to figure out where to spread the wealth so you can focus on what is needed to push your business forward.
If you’re still not convinced, here are five rewards of delegation that may persuade you to give it a try.
- Delegating gives more time and energy to focus on what you are meant to do – both personally and professionally. By now, you’re probably familiar with the 80/20 rule. 80% of the game-changing effects on your business come from 20% of the company’s output and/or services. So you want to focus all your energy on that 20% and leave the things that can be maintained by others to them.
- Delegating empowers others to learn and develop new skills. Give your team an opportunity to shine and they’ll feel more important to the company and your vision.
- Delegating helps perfect clear communication while enhancing patience and understanding. Speaking of your vision, delegation provides the perfect opportunity to convey your vision on the lowest levels. It gives your employees an opportunity to connect with your ideals and understand the importance of the work you give them.
- Delegation creates a pool of competent people to take over when you are unavailable or choose to step away. There is nothing worse than taking time off and being called, texted, messaged, or emailed constantly by those who don’t know how to fill your shoes. Or worse, being unable to take time off as needed. Your health and the future of your company depends on the ability to walk away and refresh your outlook. You need a break from the daily grind to open your mind up to new and exciting possibilities.
- It’s more fun to share the rewards and give credit where due than to be an island. No entrepreneur became successful on their own. It takes a team to make it happen. Yes, initially, the startup could involve just you, but as your business grows, so will your real estate (the network you develop with your business as the hub). Overcome the misconception that independent means doing it all on your own. Delegation lets you spread the joy of success and overcome obstacles that might have been intimidating or impossible without their help.
What aspects of your business can you delegate? Find out the individual strengths and weaknesses of your team and use that to help take control of areas you need to let to go. You are the heart of your business so make sure you’re prepared to steer it into new waters. You can’t move forward if the burdens of doing it all anchor you in place.