The most productive managers are those who delegate - allowing them to save time, reduce pressure and increase their value as a leader. In this blog post, we show you how.
Regardless of your industry, if you’re a business owner it often feels like there aren’t enough hours in the day to get everything done.
As a result, you become overworked and productivity can decrease. It’s also not good for your health or family life. Working more hours often seems like the answer if you want to grow your business, but there’s actually a much better one.
In this blog post we explain the importance of putting trust in your team and delegating effectively. By moving away from the trap of micro-management, you’ll start building an organisation that can get the job done without you being involved in every detail.
Understanding how to delegate will free up your time to focus on more important aspects of your business, so you’ll be able to take it to that elusive next level. As a result, achieving your financial goals will become a reality.
This blog is the fifth instalment in a six-part series, based on our infographic about how to step back as a business owner and work more ‘on’ rather than ‘in’ your business, while still generating more profit.
If you’re not sure how to reach your business goals, or need better support, information and processes to get there, the infographic and this blog post are both for you.
Our new infographic supports owners to advance their business by guiding them towards more effective management techniques. Each strategy covered is proven to help you to step back from your business and work smarter, not harder.
This blog post that you’re reading focuses on the final section of the infographic titled The trap of micro-management vs The freedom of delegation. It shows growth is possible in a business when the owner is able to trustfully delegate tasks to employees, releasing them from the stress of micromanagement.
All too often managers try to do too much.
Their role should be one of supervising collaboration and supporting team members to fulfill their potential. Instead, too many managers try to take on too much themselves and get involved in every aspect of their team’s work. This is micro-managing and following this approach will negatively impact your team’s style, freedom, potential and opportunities.
When you avoid micro-managing you improve employee morale and reduce your own stress levels. Delegating to your team also has a number of other benefits:
- You’ll save time for other things that you need to be doing
- By delegating routine work you’ll reduce stress and pressure on yourself
- Delegating work increases your value and credibility as a leader
Trust your employees to make decisions and watch as their confidence and performance grows.
Effective managers decide who performs the work and sets targets. They then step back and let employees decide how to meet them.
By moving towards this management style you’ll empower your employees to take responsibility for their work and encourage learning. They’ll have the opportunity to reach their full potential, while you’ll have more time to focus on other important aspects of the business.
If you want to start achieving your personal financial goals, without working harder as a business owner, learning how to delegate is key. Think you might need help and coaching in getting yourself into a mindset of delegation. We’ve got you covered. Check out tip #5 in this post we wrote recently.
Moving away from a micro-management leadership style takes discipline but the benefits are vast. You’ll empower your employees, reduce stress, free up your time to focus on more valuable work and improve overall company performance.