Introduction

Running a Startup or an existing business does not mean you must do everything by yourself. Many new entrepreneurs work with a team, but still fail into the trap of trying to do it all. There is a reason why teams are so successful at accomplishing tasks of a project. One important reason is that many hands help to get things done quickly. But, some entrepreneurs seems not to be satisfied by the performance of others in the team. As a result, they sometimes decide to do everything by themselves. While it is good to want everything to be nearly perfect, it is equally very crucial to consider the benefits of delegating tasks and allowing other to contribute to a project. Here are 3 of the many reasons where delegation is a must for every entrepreneur.

1. You leverage other people's time and resources: This is perhaps the most important reason to delegate tasks. You as a manager - like everyone else - has limited time to do everything. Each one of us has 24 hours in a day. Not so much can be done within this limited time especially when its huge project like running a business. Even if you work round the clock, a lot will still be left to be accomplished. When you delegate tasks to others in a team, you make use of their time. In essence, you are literally multiplying your time into the number of persons in the team. If for instance, there are 8 working ours for each team member and there are 5 persons in the team, then delegating tasks to each of them will multiply the time for that project from 8 hours if you did all by yourself, to 40 hours if each members has work to do. Besides the time, each member of a team possesses some skills that you harness by delegating tasks to them. As they work on the assigned tasks, they have the opportunity to showcase their skills and concepts. As such, more resources are utilized to finish the project quicker and more efficiently.

2. Protects you from burnouts: When you have so much to do, there is a possibility that you will wear yourself out. Thinking about all the tasks involved in running a business or other projects is enough reason to delegate tasks to others. No one person can efficiently do marketing, take care of sales, run the HR, or make day-to-day decisions for a project. The paper work and technical aspects of each job demands many hands to help. Delegating tasks saves you from stretching yourself beyond your limit. You are able to attend to very crucial aspects of the project, while other important tasks are left for others to do. When you delegate, you have enough resources and strength to manage other tasks. Doing it all by yourself will almost always lead to burnouts.

3. Builds Confidence in others: One huge way to show that you trust the ability of your team is to let them do a job. When you delegate a task to a team member, they feel that they are valued and respected. They believe that their presence in the team matters to you and that they are capable of getting stuff done. More than giving gifts or saying nice words, delegating makes people feel they are valued. This is one of the best ways to motivate and build confidence in a team.

Conclusion

Delegating tasks is surely for the benefit of any organization. It enhances greater efficiency and division of labor. More can be done in a shorter time and with less resources coming from a single person. If you want to succeed in any project whether it is to run a startup or an existing business, delegating tasks to others is key.