It’s so tempting to do everything yourself when you have a new #smallbiz and you are trying to build a profit. I’m often told by clients that “no one can do it better” than they can.
They also tell me that when someone else does it, then they still have to review it, and typically make corrections.
I used to have that thought process, until I got completed depleted of energy, and even started to have headaches, which I’ve never be prone to.
Here are a few things you need to know about delegating:
Yes, someone else CAN handle it.
Contrary to what you believe, you are NOT the only person that can handle the job. Let’s be honest, there are plenty of people who can do it, and do it well and maybe even better than you. As the owner your “job” is to hire the right person by taking your time and making sure they are not only qualified, but a good fit for your company.
Of course you have to review it!
That’s again part of being the owner and it’s a critical part, because you can’t review your own work! When you review someone else’s work, you will almost always find changes because you are looking at it from a different perspective. That’s why this is so important as the owner.
It will allow you to make more money.
When you try to do everything yourself, then you limit your income because you are only one person. By delegating it to someone else, you will have more time to create more income streams for your business because you will have time to review all of the new profit centers that you have created. You will also have more creativity in the area of business growth because your mind won’t be bogged down by the details of each project.
You will have more time for your customers/clients.
To me the most important component of a #smallbiz owner is that they are completely present in everything that they do. If you are delegating the details to your employees and vendors, then you will be more present when meeting with clients or helping your customers and they will feel that. That will result in very loyal clients and also referrals from your happy customers.
You will have more time for you.
80% of #smallbiz go out of business the first year and it’s usually because of money. I find, however, that a great deal of owners get completely burned out because they don’t have any free time. They are working day and night, doing all the work themselves and they end up running out of steam. This frequently leads to them closing shop, giving up on their dream, and taking a W2 job.
Delegate to your team and watch your business grow and your time and money expand! Have a great week!
Holly, The Money Therapist