Q&A: As an Entrepreneur, How Much Should I Delegate to Other People?
There’s no way you can inspire confidence if you aren’t in the trenches with your team.
Don’t get me wrong, delegation isn’t a bad thing. In fact, effectively delegating certain tasks to your team is something every successful entrepreneur has to learn once they bring more people on board. However, a true entrepreneur should never delegate “everything” to other people. Let’s face it, this is YOUR vision, YOUR business, YOUR passion. No one else will (or should be expected to) invest as much time and energy on it as you.
With all that being said, there will come a time when you can no longer handle everything yourself. That’s when you need to step back and reevaluate your process.
An entrepreneur’s greatest asset isn’t money or connections; it’s self-awareness. Think about the things that you struggle with. Maybe it’s organization. Maybe it’s marketing. Maybe it’s accounting. Start with the things that you know can be improved under someone else’s direction, and gradually begin handing over tasks to a trusted member of your team. In this way, delegating to others frees you up to make the most effective use of your time by focusing on the things that you excel at.
Now, as an entrepreneur you will still need to have a hand in all areas of your business. Trust your team, but verify that things are still being done to your standards. Invest your time in teaching and creating process that set everyone up for success.
Ultimately, there’s no such thing as an “ideas guy” in entrepreneurship. You can’t just sit back and expect other people to execute on your vision then collect the profits. You need to do the work.
So, sure, bring some people on board to help, but, remember, you are the leader of this expedition. You need to take responsibility for every step on the journey.