The Danger Of Doing Everything Yourself As A Business Owner
When you first open up your business, your enthusiasm is high and you probably have not hired any or many other people to help with the routine and complicated tasks of your business. You learn a lot doing everything yourself, but you will probably also become extremely stressed out and tired.
You may also lose enthusiasm for the business, as you start to realize the emotional and physical toll being in charge of everything takes on your person. This NSCU study shows why leaders are unwilling to delegate: the reasons are numerous and diverse. Being unable to delegate is dangerous; here are just a few of the more dangerous results of being unable to delegate.
- You have too much work to do and too little time. Even if your business is your life, you cannot make your entire life your business. At some point, the amount of work you have to do will surpass the amount of time you have to do it in. If you start sacrificing family, friends, and romantic relationships in favor of working, this can be devastating.
- Your team feels unimportant and untrusted. If you’ve hired people to work with you, but you are unable to give them the tasks they were hired to do or are unwilling to let go of control of some of the most important tasks, you will begin to see morale in your office lowered. You hired those people for a reason. Using them to help lighten your workload will not only lower your stress level, it will show them that you trust them to do what you’ve hired them to do.
- You miss valuable training and learning opportunities. If you are unwilling to delegate to your team, they will never learn about your business or about opening and running a business in general. If your goal was ever to educate and inform, as well as to eventually be able to take some time off from the daily grind of running a business, you have to teach people to do the jobs they were hired to do. They can only learn by actually doing those jobs.
- You miss delivery dates or have poor service. One person cannot do everything. Things will fall through the cracks and fall by the wayside if you do not allow others to help you. This can seriously harm your reputation and your ability to make a profit.
What stresses you out as a business owner? Have you learned any lessons about trying to take too much on all by yourself? What tasks would you rather outsource than do yourself? I would love to hear more from you in the comments.