7 ways to get your company organized by simply tracking time
Delegate and know when to let go of small business operations
1. Delegate and Know When to Let Go of Small Business
Operations
As a business owner, you are the parent of your company. Planning for the business, getting
it off the ground, and making sure it survives and thrives is taxing, time-consuming, and
can be incredibly rewarding. It requires you to wear many hats, and you may find yourself
serving as the head of sales, marketing, and
customer support.
Once the business begins thriving on its own, you
need to delegate those responsibilities to other
employees so that you can focus on higher-level
tasks and because, frankly, you are probably not the
best person for every job.
That being said, letting go of key operations can be
very difficult for a business owner. Whether you
over-manage to make sure people keep doing things
“your” way, or to insist on having the final say on
every single project, the result will be the same.
If you cannot hand off key operations to qualified employees, you will not be able to grow
your business.
Before taking a look at the best way to hand off key roles to employees, it’s important to
consider managerial style. Everyone is familiar with Steve Jobs and his desire to maintain
creative control over the design of Apple products, and many attribute his success to that
keen scrutiny.
That does not mean this style will work for everyone. Similarly, it is not necessary to
delegate away every task. If you have a background in creative design, for example, it
makes sense to review final projects and offer your critique. Determining just how involved
you should be takes a combination of self reflection and analysis based on hard data.
So, when it comes time to delegate to employees, how do you make sure they are going to
follow through and improve upon your existing methods?
As is true with most situations in the business world, the best security is to get it in writing.
Hiring or promoting an employee without providing clearly-defined goals for their new
role is a recipe for disaster. Simply saying “make it better” does not provide the direction
needed, and without an achievable goal to work toward, it will be difficult for both you and
the employee to determine success.
2. When you are ready to hand off a key task, sit down with your employee and clearly state
your expectations and time frame for goals.
By the way, these goals should always be SMART, and you should never assign more than
one or two major milestones or they will never be achieved. If your employee believes that
the goals you put forth are not feasible, allow him to explain himself and compromise as
necessary.
When you are done, create a document stating what you’ve agreed upon. Of course, this
does not guarantee success but it does ensure that everyone is on the same page moving
forward. You can also measure productivity as a function of time spent on meeting this
goal.
Once you have set expectations, you can determine the value of your input and whether
that time would be better spent elsewhere. For instance, if you find that you are taking
substantial time to review employees’ work but not making major changes, it’s a good
indicator that you can loosen the reigns and step back.
Once an employee has proven that they can handle a process, you should move on to other
tasks that make better use of your time.
As a business owner it can be difficult to let someone else take care of your baby, but it is
almost always in the business’s best interest to create a team with diverse and useful skills
to improve processes.
If you feel you are being marginalized and want to take a more active approach while still
delegating responsibilities to qualified staff, consider joining an executive group, such
as Vistage, to get ideas for future strategies and expansion planning.
As the owner of your business, only you can ultimately decide where your company goes,
and that continued growth and profitability should always be your number one priority.
Reference Link: http://smallbiztrends.com/2013/01/delegate-know-when-let-go-of-
business-operations.html