3 Ways Your Business Will Thrive Without You

01-Apr-2017by Donald Chu, CEBSclicks: 617

Estimated reading time: 2 minutes and 50 seconds

For most business owners, delegating is difficult. When you build a company from scratch, it becomes your pride, joy and life-force. You pour countless hours into growing your business, carefully mulling over details to execute new projects and plans. You make large sacrifices, watch your business expand, see your brand strengthen, and build a team that keeps the momentum going.

At some point in your business’ success, you’ll face the same challenge every entrepreneur confronts— letting go of control. Business owners understand that it’s a very important part of accelerating the growth of the company; that taking a step back from operational tasks helps you focus on higher level business strategies and objectives. More than that, it gives you the freedom to step away from the hustle and take more time to enjoy your family, travel or whatever stirs your soul outside the office.

But no one said it would be easy. In case you’re still feeling the struggle of parting with responsibilities, here are a more few reasons to create a business that runs without you. 

3 Ways Delegation Will Benefit Your Business

1. It Empowers Your Team

You’ve created the company and hired the people. Letting go of control empowers your team to continue building your vision. You will allow them to take ownership for their decisions and jobs, and strengthen trust amongst your team. This alone will increase employee engagement, and foster a company culture that retains and attracts top talent. With the best at the helm, you’ll be sure to see positive impacts across the company. Read more about ‘How to Keep Employees Happy and Retention High’.

2. It Allows the Brand to Grow Organically

When you let the company progress from the inside, it’s sure to strengthen the brand on the outside. You’ve already done all the hard work; hired competent people, set up processes and checklists, and created a brand experience that keeps your customers happy. Everything should now run like a well-oiled machine, so let it. By granting more authority to your key managers, you are fueling your brand with expertise that is sure to take your company to next level. Read more about ‘Why Employee Engagement Is Good for Your Business’. 

3. It Gives You the Time to Focus on the Big Picture

Many say that running a business is like looking through a microscope and a telescope at the same time. Now that you have built up a team to help you look through the microscope, you have the freedom to look through the telescope. You can focus on building ideas or strategies that can take your business to new heights. Or, you can see the big picture in a different way. You can take more time to find better work-life balance, and focus on the people and experience in your life that matter most. The best part is, the choice is yours. Read more about ‘Stepping Out of Your Comfort Zone in 2017’.

Moving Ahead with Delegation

Micromanaging and constant monitoring tends to stagnate business growth. As a progressive business owner, it is important build a team that can run your day to day business without you so that you can focus on its bigger picture. That gives you the freedom to tackle strategic company objectives, or pursue that passion project that you’ve put off for too long. If you need some additional inspiration, check out this inc.com article for more tips on letting go: How to Grow A Business That Can Run Without You.