One of
key skills for leaders of growing businesses is to 'get' distinction between delegation and abdication.Many managers and business leaders fall into one of two extreme categories:
They delegate too little and try to do it all themselves or they give too much away, abdicating both their responsibilities and prerogatives of power.
As their businesses grow, many entrepreneurs try to micro-manage. We've all heard term, but too often we fail to recognize symptoms until it's too late. For entrepreneurs, sense that this is 'my company' or belief that 'if I want it done right I have to do it myself' causes them to hold on too tightly and limit their results.
At opposite end are managers who 'hire someone to do that' and abdicate their role as supervisor and leader. One of first employees many entrepreneurs hire is a bookkeeper. As entrepreneurs, they want to focus on building business and recognize that their time is not well used on details of bookkeeping. So, they hire someone and never think about it again.
