Leadership is an important aspect of any successful business, and it takes a certain set of skills and traits to effectively lead a team.
One of the most significant challenges faced by entrepreneurs is the art of delegation, which is the process of assigning tasks and responsibilities to others.
According to a recent survey conducted by Gallup, the biggest challenge faced by entrepreneurs when it comes to delegation is trust.
According to Gallup, CEOs with high Delegator talent generated 33% greater revenue than those with low or limited levels of the talent: $8 million versus $6 million, respectively.
Greater growth and higher revenues also enabled these entrepreneurs to create more jobs at a faster rate. Companies led by those with high Delegator talent, on average, created 21 jobs in three years, compared with 17 new jobs in three years for those with lower levels of Delegator talent.
Entrepreneurs often have a hard time letting go of control and entrusting tasks to others. They are often worried that their employees may not perform the task as they would, which can result in mistakes or a drop in quality.
However, effective delegation is key to growing a business. It allows entrepreneurs to focus on their strengths and delegate the rest, freeing up time and energy to focus on more important tasks. It also provides opportunities for employees to develop their skills and grow within the company.
To tackle the challenge of delegation, entrepreneurs need to cultivate a positive leadership style that promotes teamwork and fosters an environment of trust.
A great way to do this is to focus on building relationships with employees, encouraging open communication, and providing clear instructions and feedback.
It’s important for entrepreneurs to recognize that delegating does not mean giving up control. Instead, it’s about setting clear expectations and providing support and guidance when necessary.
Entrepreneurs should also be transparent about their goals and expectations, and make sure that employees understand their role in achieving these goals.
Another aspect of effective delegation is setting clear boundaries and prioritizing tasks. Entrepreneurs should prioritize tasks based on their level of importance and urgency, and delegate tasks accordingly.
This helps employees understand what they need to focus on, and eliminates confusion and miscommunication.
Moreover, effective delegation requires providing employees with the necessary resources and support to complete the task. If you’re trying to delegate, you should provide your employees with training, tools, and guidance to help them perform their tasks effectively. This not only ensures that tasks are completed correctly but also helps employees grow and develop professionally.
One of the best ways to develop strong delegation skills is to learn from other successful leaders. Entrepreneurs can take inspiration from leaders who have built successful businesses by effectively delegating tasks and responsibilities to their employees. They can also seek guidance from mentors or attend leadership workshops and training programs.
The Gallup report identifies six key differences between leaders with high Delegator talent and those with lower or limited Delegator talent.
Here are the differences, as mentioned in this excerpt from Gallup’s original report:
In conclusion, effective delegation is crucial for the success of any business, and it is a challenge that entrepreneurs must overcome. To become effective leaders, entrepreneurs need to focus on building trust with their employees, setting clear boundaries and priorities, and providing necessary resources and support. By doing so, entrepreneurs can successfully delegate tasks and responsibilities, freeing up time and energy to focus on more important tasks and grow their businesses.
About the Author: Jamie Turner is an internationally recognized author, professor, consultant, and speaker who has helped employees at The Coca-Cola Company, Holiday Inn, Microsoft, Verizon and others do a better job leading, managing, and mentoring others. To have him speak at your event or organization, email him at: Jamie@JamieTurner.Live
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Your point of view caught my eye and was very interesting. Thanks. I have a question for you.