Business owners are often frustrated by time constraints, but they forget that their staff are there to ease the burden and build on their skills.
Competent employees can add hours to your week. They may also have a better way of accomplishing a task – one that will allow your business to grow more profitable.
Understand that others can perform some of your duties as well as, or better than you can. Loosening the strings doesn’t diminish your importance; it increases it.
Start by steadily giving your employees more tasks and responsibilities. Tell them how you handle this task and why you do some things a certain way.
Then let them experiment and find better ways of performing the assigned task. Let them know that you learned from your mistakes and they will learn from theirs. Remind them of your confidence in them and that you’re there to help if they run into trouble. Let them know that although business has been good, it can’t get better without even more help from them.
You must concentrate more on steering the business. When you retire, don’t let your business retire with you. Build it now so it lasts for generations. Begin by practising hands-off management.