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Are your Guilty of Driving your Business without a Roadmap?
For any business to succeed it must know what it is about. It must be able to explain what it is there to achieve, and where it ultimately wants to end up. Unfortunately the majority of businesses can’t describe, or don’t have a picture of what they...
Coaching and Mentoring (using one)
Once you've been hired to do a job, particularly if it's a well paid and/or high-flying job, you're supposed to know everything, be able to handle everything with ease, deal with other people's problems and in general be super-person. Right?...
Investing Psychology
Let me share an inspirational story with you, a metaphor which was the catalyst of my personal growth financially and my very own paradigm shift. Busy working or being financially productive! Once upon a time a very strong woodcutter...
Irrigation & Sprinkler Repair Service, Create a Profitable New Service
Irrigation & Sprinkler Repair Service Create a Profitable New Service to Your Lawn Care Business Article by Jack Stone Copyright © 2003 by ProGardenBiz ProGardenBiz, an online magazine http://www.progardenbiz.com One of the most profitable...
Networking Events Success for your Business - Top Ten Reasons to Attend
1. Make new connections, meet new people. The more people you meet, the more referrals you are likely to get and most successful businesses are built on referrals. It's not what you know but who you know that counts ...or to be...
 
Delegate, Don't Abdicate

One of the key skills for the leaders of growing businesses is to 'get' the distinction between delegation and abdication.

Many managers and business leaders fall into one of two extreme categories:

They delegate too little and try to do it all themselves or they give too much away, abdicating both their responsibilities and the prerogatives of power.

As their businesses grow, many entrepreneurs try to micro-manage. We've all heard the term, but too often we fail to recognize the symptoms until it's too late. For entrepreneurs, the sense that this is 'my company' or the belief that 'if I want it done right I have to do it myself' causes them to hold on too tightly and limit their results.

At the opposite end are managers who 'hire someone to do that' and abdicate their role as supervisor and leader. One of the first employees many entrepreneurs hire is a bookkeeper. As entrepreneurs, they want to focus on building the


business and recognize that their time is not well used on the details of bookkeeping. So, they hire someone and never think about it again.

Big mistake! Every month or so, the newspapers carry a story about someone embezzling from a small company. Too often, unsupervised and unsupported, the bookkeeper simply took advantage of an opportunity the owner created.

Effective managers’ delegate, but they also know that 'what gets measured, gets done'. They monitor and train, they supervise and support their people. You can't do it all yourself and simply turning the job over to someone else and abdicating your role as manager is not the answer.

About the Author

Gordon Goh is author of the free, informative website content of Motivation | Inspiration Tips offering quality useful tips for Motivation

 

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The page of Inspirational Poems and Stories
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