For leaders who have grown accustomed to managing every aspect of their business, micromanaging can be a tough habit to break. To be fair, the necessity of being a jack-of-all-trades within the operation is very real and in the fledgling years of business can even be a necessity. But for any real, quantifiable growth strong leaders need to delegate the “smaller” tasks so they can keep an eye on the big picture.
Not every company has the resources and time to build their team right away. The first 12 months of a business’ life can set the tone for the future and if strategies don’t change and evolve success becomes very unlikely. As much as 20% of businesses fail within their first year, but leaders with good delegation skills can overcome these odds. In fact, CEOs who delegate tasks have been shown to generate 33% more revenue than businesses with CEOs who have low delegation skills. Coincidence?
The first step to managing other people’s time comes from managing your own time. Priorities for the CEO and priorities for employees may be different, but the goal is all the same. Delegate work and tasks to employees that are suited for it, set clear expectations and deadlines, and offer praise and gratitude for work well done. Running a business is more than just being the boss, it’s being the leader.
If you want something done right, don’t do it yourself – learn to delegate. This infographic brought to you by Scale Time has all you need to know on developing delegation skills and how it can maximize your business’ potential.