Michael Newman’s latest ‘e-Wealth Daily’ article is titled “Are you Delegating or Shrugging Off Your Responsibility?”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

Are you Delegating or Shrugging Off Your Responsibility?

I don’t care if you’re Donald Trump or his driver; no matter what your job is, you have a role that you must carry out. The problem with many business owners and entrepreneurs, however, is that they don’t always necessarily understand that role. Let me explain.

For starters, it’s impossible to meet an entrepreneur who didn’t think their ideas were the greatest. After all, they can’t work for anyone else because everyone else is wrong.

This is a fact!

Anyways, it’s nearly impossible to run a successful business completely independently. There is a good chance you’ll have investors and an even better chance you’ll be dealing with suppliers and customers. No matter how you look at it, there will always be a variety of players involved in your independent business and each has different goals, requiring them to think quite differently from you and approach situations from a different perspective.

For instance, as you want may want to look at things from a long-term business perspective, your suppliers may not agree. If you’re a relatively new business, you’re likely viewed more as a risk and a short-term project. To save yourself some stress, you have to accept their perspective and roll with it. After all, they likely don’t care about the success of our business as much as you do, because there may be a long line-up waiting to take your place.

As businesses grow, many entrepreneurs need to hire on additional help to manage the new tasks and challenges associated with growing. There are two very important things you must keep in mind when you make these hires: the first is that you trust them to do the job you’ve hired them to do. The second is that recognize they have a different job with different goals than you.

For example, if you’re in transportation and warehousing, your warehouse manager is not going to concern themselves with the overall operation of the business, the transportation side or anything that doesn’t fall under his job description. Why not? Well, quite frankly, because they may not have the skills or the time to worry about it. They are there to do the job you hired them for.

Furthermore, you must do your best to hold back from micromanaging. This is where the trust comes in. If you’ve hired the right people — qualified people you trust — then you should be able to let them go about their business and do what they are supposed to do. This, in turn, leaves you with more time and opportunity to focus on what you need to do — growing, managing and operating a successful business. When you start micromanaging, silly problems can arise that can have huge implications for the success and organization of your business.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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