AddThis Feed Button
AddThis Social Bookmark Button
Free Newsletter Signup

Delegate-Free Up Your Time

delegate.JPG

YoungEntrepreneur: Delegation has become increasingly important for my business. As we take on more projects and continue to grow the company, I am frequently becoming the bottleneck. Decisions don’t happen without me and people can’t move forward because they don’t have the training or responsibilities to do so.

Here is what I have done to try and lighten the load. So far it has worked well and has freed up my time to focus on the bigger projects!

1) Give up some control - I liked having everything come through me. Unfortunately this can only work for so long. They can make decisions without me and have the power to implement it themselves on our website. At some point you have to have the confidence that you have the right people on board and give them the ability to run with their ideas. They are happier, I’m happier, and we’re getting more work done.

2) Give them an incentive - The two people I gave significant responsibilities to also share in the profits that are made from their work. They do not have an equity stake in my business but they do have a profit share for their divisions.They know that the more they work, the more money they will make. It has helped get them up and running as well as drive more profitability for my business as a whole.

3) Stretch their responsibilities - I have mentioned a few times about the importance of bringing on student interns as a way to cheaply expand your business. We currently have high school interns working alongside our staff. They are online savvy, energetic, and don’t cost us a dime!

Any entrepreneur who wants to avoid buying herself a job needs to look at delegation. Even if it’s outsourcing a small task that lets you focus on building your business in a more strategic fashion, until you start delegating responsibilities you will not enjoy the freedom that can come with being a business owner.


Delegation at Work [YoungEntrepreneur]



AddThis Feed Button    AddThis Social Bookmark Button



Comments

 Add your own comments




Remember Me?

(you may use HTML tags for style)


What next?

 Digg it

 Save This Page

 Subscribe to GetEntrepreneurial.com

 Leave a comment

Next Article: BIZNESS! Newsletter Issue 53 »

Previous Article: Dream Big Entrepreneurs »

Steven Teo is a GE Network Expert. View Steven Teo's profile or read more articles from Steven Teo. Learn more about the GE Experts Network.

Have an expert opinion on issues entrepreneurs and small business owners face everyday? Join the GetEntrepreneurial.com Experts Network and share your expertise with the community!

The new GE Experts Network is inviting seasoned entrepreneurs and small business owners to come on board and contribute small business advice to our community of aspiring entrepreneurs. If you have an effective way of generating sales or you know how to use social networking to connect with your customers, join us in providing wider entrepreneurial content that would benefit small business owners worldwide.

Click Here to Learn More >>

Related Articles

 Cash In Minus Cash Out Does Not Equal Profit
 Top 20 Entrepreneurs Mistakes
 When Your Business Fails
 8 Rules To Finding Success As An Entrepreneur
 How to Evaluate a Franchisor’s Training Program
 Unleash Your Talent For Entrepreneurship
 Franchisor Support: What can you expect from your franchisor?


This article was posted to the category: Entrepreneurship. Click here to read more articles in this category.

Headlines From CoolBusinessIdeas.com

 Calendar Marketing » Calgoo In-Calendar Marketing is a new, permission-based marketing platform to promote time-sensitive products and services to your customers. This new marketing concept enables...

 uWink Interactive Restaurant » Springwise: At the prototype uWink restaurant in Woodland Hills, California, customers use tabletop touch-screen terminals with a proprietary user interface to self-order...

 Happy Socks » TrendCentral: This Swedish hosiery company, Happy Socks, makes us want to never wear plain black socks again. Offering a literal rainbow of...

 Planet Phone Design » Hallyu Tech: LG Japan hosted a Mobile Design Contest and with the winners announced the phones were put on display at a Tokyo...

Need more brand new promising business ideas and innovations around the world you wish you'd thought of? Visit CoolBusinessIdeas.com now!

Free CoolBusinessIdeas Newsletter
Ever wanted to be the CEO of your very own Starbucks or Amazon.com? Fire your boss and be your own boss? Now you can, with BIZNESS! - the free biweekly business newsletter about new business ideas, opportunities and innovations from around the world. More than just new business trends, BIZNESS! helps the aspiring entrepreneur (you!) with small business advice, business tips, and entrepreneur resources and opportunities.

   Subscribe for free now!    Subscribe now



  Popular Articles

  • Top Ways to Get a Fresh Business Idea Off the Ground

  • What Is A Solo Entrepreneur?

  • Four Ways to Save Time When Working From Home

  • Selling the Customer What the Customer Needs

  • Things to Consider before Starting a Business

Download Free Ebook!

 

Recommended Links

Office Space London

 Find a fast Business Loan or Payday Loan in the UK

 New Business Start Ups

  Business directory. Find businesses from Sydney and Melbourne online now.

 Top Franchise Opportunities

 Uk payday loans deposited directly into your account today. QuickQuid serves the millions who have a poor credit rating.

Links

Partners

Solo-E.com

PEAK Sales Consulting

Andy Lopata

Charles A. Krugel

Intelli-Collect

Recent Comments