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But the very traits that make you successful as a business owner can sabotage your efforts to succeed by making it harder for you to delegate responsibility. The sad truth is, there are only so many hours in a day, and there’s only so much work one person can do, no matter how dedicated they are. If you want your business to grow, you can’t do it all yourself.
Why Delegate? As a business owner, it’s your job to create your company’s strategic vision and make sure it gets communicated to your team. You set the core values for the company and safeguard the integrity of your brand. You set the goals and monitor your progress toward those goals. Those are your principal duties. If you’re neglecting them because you’re spending all your time on nonessential tasks, you’re short-changing your company. Prioritizing how you spend your valuable time is the first step toward long-term success.
Delegating some of your tasks can also help you avoid burnout. It’s important to keep a positive attitude and communicate it to your team, and to think clearly enough to develop new ideas and react quickly to opportunities. If you’re burning the candle at both ends, you won’t have the mental and physical stamina to perform at your best.
What to Delegate? As the saying goes, “Keep your eyes on the prize.” Focus is essential for success in both sports and business. Olympic athletes concentrate on their sport single-mindedly for years, giving up other opportunities to focus on what they really wanted most. Once you’ve set a goal for your business, give it your all. As you start each business day, ask yourself what you can do that day to get closer to your goal, and refuse to be distracted by unimportant tasks.
How to Get Started When setting up a household budget, the first step is recording all your expenses to see where your money goes. The same principle applies when trying to budget your time wisely. Review your calendar and your to-do lists to see where your time is going. Then: