Large, successful companies have a key interest in the ability of their employees to delegate responsibilities. Managers know that this singular ability is directly related to the long-term success of the business as well as overall employee satisfaction. And, small and woman-owned businesses should be mindful of these same lessons, too.
[tweetthis]Large #companies delegate to employees. #WomanOwnedBusinesses should be mindful of same lessons. [/tweetthis]
Delegation and Balance
Female business owners may have worries that their male counterparts don’t necessarily share. Most woman-owned companies aren’t organized around profit generation and expansion. Instead, these companies aim to balance workplace fulfillment with extra income for a happy home life. Oftentimes, it’s this balance that drives the mission of the company. However, at some point in the lifecycle of the company, you’ll need to become proficient at delegating key responsibilities. This is imperative if you plan to maintain a competitive edge, expand the business, and develop a work-life balance that works for you.
One of the greatest concerns that business owners have is delegating too much decision-making authority. Conversely, if they don’t delegate enough, then employees cannot fully perform their overall job functions. Research indicates the best delegation of responsibility will impact the efficiency, effectiveness and empowerment of your staff. Create a delegation strategy that is designed to empower your staff to make changes that are the best for the company. Since you will not be able to walk the decisions back, create a solid communication method so that you are not caught off guard.
Expand without Increasing Staff
One of the advantages of smart delegation is that it allows you to expand your business without adding on staff. This happens when you move an entire function out from under you. As an entrepreneurial business, the first function you’ll need to eliminate is customer care. When you have a problem with Amazon, you don’t speak to the CEO, so why would it be all right in your company? New cloud-based technology allows you to institute an inexpensive customer care department. More importantly, it’ll free up your time to expand your business and generate more income.
Increase Efficiency with Technology
If you’re not focused on business expansion, and instead are committed to a healthy work-life balance, then efficiency is of utmost importance. Plus, you can use technology to achieve increased efficiency. Project management software for workplace teams lets you delegate work while still staying on top of the project. The best part? You can do it all from home. Today, plenty of companies offer these types of solutions that won’t break the bank. Plus, many of these platforms let you schedule, chat and video conference with customers, so that you are involved at every step without the need to be there.
Make a Delegation Plan
One of the most difficult parts for both the delegator and his or her employees is to know where the limits of the authority lie. To make this work for everyone, create a delegation plan that specifically highlights the functions, responsibilities, limits and communication requirements for the delegated task and its staff.