You’ve assembled your team. You’ve put in the hours. You’ve created a thriving business. As it continues to grow, letting go of some control so you can fully focus on where your business is going might be the deciding factor between experiencing ever-greater levels of success and falling on your face. Why should you let go of control? Let me show you in four simple ways:
Sometimes Competing Priorities Happen
It’s easy to juggle a few tasks in the beginning: A phone call, a media kit overview and an advertising campaign were all in a day’s work. You could stand over employees’ shoulder while making sure assignments were completed to your specifications. Now, it may seem more complicated. Three things? No problem. 30 things? Uh … big problem.
If you choose to let your employees handle the tasks you don’t have time for, you’ll be able to focus on the most important tasks and complete everything on time and, more importantly, well.
Your Employees Were Hired For a Reason
You’ve selected your staff members because you believe in their abilities to complete the jobs you hired them for. Let them earn their keep! A competent team should be able and eager to do work and, if they’re trained properly, they should be able to do it up to your standard.
It’s OK to critique or feel frustrated if they don’t get it right the first time. Once they know what to do, they’ll be able to replicate it in the future and you won’t have to stress as much. Play to each staff member’s strength and give them the space and opportunity to shine.
Your Time Is Now More Valuable
A bigger business means more networking, more negotiating, more meetings and more work-mandated socializing. If you don’t prioritize your time, you could end up wasting it on tasks that others could do, and in turn, missing out on networking and other great opportunities.
How much is your time worth? It’s sometimes a tough one to figure out, but a helpful way to look at it might be to break down your salary into an hourly wage. If you’re spending your time doing the work of an employee who makes such-and-such an hour, you’re wasting a resource. Try not to regulate yourself to work that makes you put aside other responsibilities that have additional value.
Delegating to Employees Can Develop Employees
You’ll want to develop your employees as your business grows. They should be trained to handle ever-increasing lists of tasks that may or may not be something they have dealt with previously. If you micro-manage, you might cause them to miss out on a crucial opportunity to learn new skills. For you, this means that you will not be able to advance the employees already in your company and, in turn, have to higher more outside sources at a greater cost than a simple raise.
Let your employees grow. Not only will it prepare them for advancement, studies have shown that employees who have more tasks delegated to them are more engaged as a whole. Therefore, just by giving them additional tasks, you are engaging their minds and engendering their trust. Furthermore, if you’re traveling or sick, someone needs to be available to make decisions. If you don’t get your employees used to making those decisions, it’s impossible to keep things moving in your absence.
All in all, save yourself time, money and energy, and delegate tasks to employees. You’ll be glad you did.
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