When To Delegate And When To Micromanage In Your Business

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp
Share on pinterest
Share on telegram
When To Delegate And When To Micromanage In Your Business

 

When it comes to managing a business, one of the hardest distinctions to make is when to delegate, as opposed to when to micromanage. While some see micromanaging as something that should be avoided at all costs, there are a number of situations where the strategy comes in handy. The concept of micromanaging has a negative connotation in the minds of many, as it makes most of us picture an overbearing boss with too much time on their hands.

Everyone likes to work for a boss that is willing to delegate duties and allow them to handle tasks on their own. But the best bosses know when it is time to step in and offer a helping hand. The key for an entrepreneur is knowing when the task is too much for their employees and stepping in to provide assistance.

Tasks that are vital to the long term health of the business need to be done correctly. The importance of the task should always determine whether you decide to delegate or micromanage. If an employee failing to complete a task in a proper or timely fashion could potentially endanger your company, being willing to step in can make a world of difference.

A quality employee may not enjoy the intervention, but a good leader knows how to micromanage in a way that does not shake the employee’s confidence in their own abilities. Making the employee understand that you are only micromanaging for the greater good of the business and do not wish to imply that they are doing substandard work is crucial.

Conversely, you’ll need to know when it is time to step away and let employees handle business. As your company continues to grow, you’ll need to focus on big picture duties and you will not have the time to oversee every little thing.

When deciding when to delegate, be sure that the employee you are choosing has the necessary skill set to handle the task. The 70 percent rule is a very good rule of thumb to live by. If the employee can live up to this rule, delegating the task to them is in your best interests. If not, it is best to step in and handle it yourself.

Giving employees new challenges also allows them to spread their wings and feel more comfortable on the job. Employees that are truly satisfied are more likely to remain with your company over the long haul and intuitive leaders are able to sense when their staff members need an extra push. Delegation of tasks also assists in employee development, allowing a business to save money over the long haul.

For more information about when to delegate and when to micromanage in your business, be sure to contact LNT Global as soon as possible.

 

About Us

Visit our website www.LNTGLOBAL.com for our most comprehensive database of business for sale. Our services include: business valuation, buy business, sell business takeover business and franchise business. Talk to us today about your needs, your trusted Singapore business broker. Call us today at +65 63569138 or Whatapp/SMS/Wechat us at +65 8138 5508. LNT Global Singapore.