Owning a business comes with having to play multiple roles. From managing operations and logistics to marketing your service and managing finance, there’s a lot on an entrepreneur’s plate. How can you effectively get everything done while ensuring that you do justice to it? You need to learn the art of delegating.
As an entrepreneur, you’re bound to take up more work in a day than you can manage to deliver. But there can be times when these tasks are less pressing than you believe them to be. Upon introspection, you’d realize that they can be done by others so that your time and skills can be put to better use. But there’s a knack to reassigning work without disturbing the equilibrium of your company.
Here are a few tips that can help you delegate wisely:
- Prioritize and pipeline: Make a concise system of daily work. This means setting deadlines for every work that’s pending in the office and briefing your staff on what needs to be done on a daily basis. Break down the plan to put yourself at ease and to make your employees more responsible.
- Find an accountable owner: Many employers are concerned that their staff isn’t responsive and expect them to willingly take up work and do it just as enthusiastically. But what’s often forgotten is that creating such a nurturing environment falls upon the employer himself. By creating owners for each duty and rewarding these owners on pay day, your staff will be much more involved in picking up the slack.
- Enable your staff: Think about it. Do you really need to be doing this or can it be handed to one of your staff? Your workforce is more capable than you realize. You’re also paying them to deliver quality work. Empower your staff to get more things done in a day and you could make better use of your time.
- Hire a specialist: Some business owners make the mistake of working on tasks that they have no expertise in. While they may be thinking that it could save time, taking responsibility for work they have no background in can create errors in their work and they eventually end up spending more time trying to fix it. In many startups, founders manage the company’s finances and tax filing. But logically, hiring an accountant to keep the company’s books is better in the long run.
- Learn to let go: Entrepreneurs have a mindset that if they want something done right, they have to do it themselves. Such a thought will most likely result in you running short on time or overstressing yourself, both of which will hinder your business from making progress. Letting go means putting your confidence in your team.
As you put your delegating skills to practice, you’ll develop an instinct to recognize the employees who will excel at a particular task and this instinct will help you grow as a manager as well as a visionary entrepreneur.