One of the things that companies struggle most with as they’re trying to scale from $1.5M company to $5M company to the $10M company is delegation. Leaders in a growing organization are always challenged with letting go and trusting others to do things well. In a growing company, delegation is super critical.
1. It is critical to sustained scalability.
When a company grows, so does the workload. Growth means more to do as the company takes on new initiatives. You as a leader must learn to delegate if the company is to continue to grow otherwise scaling up is next to impossible.
2. Delegation is necessary to grow leadership capacity.
One of the hardest things for leaders to learn as a company is scaling up rapidly is learning the shift from “doing the doing” to “leading the doing” having been so used to the “I’ll do it, mentality instead of saying “I’m going to find someone to do that.” This part alone takes up big chunk of the learning curve. Delegation is one of the most important skills a leader must develop.
Being able to focus on high-leverage work is just one of the many importance of delegating. Being a leader means learning to offload the workload so you can focus on the big picture.
4. Gives you space to think more strategically.
When you learn how to delegate you have enough space to think more strategically. You will be able to take your most valuable time and energy, and leverage it to create a much greater output. Delegation empowers you to become a more powerful leader who creates a far greater impact in the company.