Why Delegation is Essential for Successful Business Owners

“The first rule of management is delegation. Don’t try to do everything yourself because you can’t.” - Anthea Turner

It is no longer enough to work hard in this day and age. If you want to succeed, you now have to combine hard work with smart work. One way to work smart is to cut down your workload by sharing tasks with others. This is called delegation - sounds easy, right?

In reality, a lot of business owners - especially, new ones - struggle with this. Because entrepreneurs handle everything when they start their enterprises, letting go of control is hard for them. They also have this notion that no one can do their work as well as them.

However, as a business grows, there’s bound to be more work involved. It will require time and skills that can be too much for just one person. If you're struggling with this, you need to accept that sharing the burden with others is critical to success. Here are the reasons why:

Delegation enhances time management.

Time is equal to money - and you simply can’t afford to waste it. You have to check off everything on your to-do list without delay if you want to get ahead.

However, as a business owner, you’ll have a lot of responsibilities. Especially if you’re attempting to go it alone, it will always feel as though there’s never enough time to get everything done well. Juggling an ever-increasing number of tasks on your own can impede progress because you won’t have the time to excel at what you do best.

So, free up your time by allocating tasks to other people who may be better qualified to handle them. This way, you and your team can accomplish more jobs faster together. By doing so, you can focus on more important things that only you can do, like expanding your business and increasing your profit.

Delegation promotes work-life balance.

Work-life balance is an almost impossible concept for many business owners. As mentioned earlier, a lot of entrepreneurs have trouble letting go. Therefore, they squander valuable time on tasks that someone else could do equally as well if not better. Working like this is not beneficial in the long run.

Entrepreneurs need time to rest and recuperate. If we don’t take a moment to recharge ourselves, we risk harming our health. Overworking causes stress and burnout. Like poor time management, this also leads to low productivity and increases the risk of costly errors.

According to the Gallup Wellbeing Index, about 45% of entrepreneurs are under extreme stress. Meanwhile, Xero reports that 77% experience burnout. All of this can be avoided by enlisting the help of others.

Delegation raises leaders.

As your business grows, you will need people with initiative who can take the lead, whether it is for managing your increasing number of staff or new departments. One way to develop these people is to train them. Another way is to delegate.

When you allocate your tasks to your employees, you are also sharing your authority. They can use this authority, not just to accomplish the work but also to solve problems that may arise. Experience is the best teacher, and routinely exposing people to challenges produces great leaders.

However, it’s vital to avoid micromanaging your employees. Allow them to handle crises and see how they perform. While it’s necessary to provide the framework, they should also be permitted to bring their own creativity to any given task in order to take advantage of individual skills and grow their confidence. The more you can trust your people, the more likely they are to become competent leaders in their own right.

Delegation increases employee engagement.

Gallup states that businesses with high levels of employee engagement are more profitable by 22%. For this reason, a lot of organizations are actively seeking ways to make their staff more engaged. Delegation can also help in this area.

Choosing someone to take over your tasks demonstrates your trust in that person. When you trust your employees, they can feel more motivated to perform well. It empowers them to prove what they’re capable of and take on more challenging work.

In addition, delegation can improve your relationship with your employees. When you involve them in the company’s processes, they will feel more connected to you and the organization itself.

Delegation encourages a healthy work environment.

Organizations that encourage employee growth are more likely to attract the best talent. When you delegate, you give your people a chance to learn and develop new skills through career advancement opportunities. This motivates them to be more efficient, versatile, and confident. Providing people with the means to achieve personal goals benefits not only them but also your brand in the long run.

Also, delegation prevents an uneven workload among employees: If their leaders practice delegation, they will learn to trust colleagues and subordinates in the same way. This culture can help eliminate resentment toward work, reduce absenteeism, and bolster staff retention.

One study found that 53% of business owners believe they can achieve a staggering 20% growth when they allocate just 10% of their tasks. Clearly, delegation is vital to the development of a successful brand with higher profits, lower staff turnover and more satisfied customers.

“If you want to do a few small things right, do them yourself. If you want to do great things and make a big impact, learn to delegate.” - John C. Maxwell.

Author:

@Dianne Claveria

Date:

07-30-2021

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