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ONLINE BUSINESS HELP

Lessons from the masters - getting it right
By: Jase Dow
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    2005-02-16

    Table of Contents:
  • Lessons from the masters - getting it right
  • Most of us...
  • If a company...
  • Most people are...
  • If you're lucky...
  • Tim's ideas are...
  • Running a business...
  • Tim's business plan...
  • Whether you're polishing...
  • Managing without the...
  • Running your own...
  • Heinz Kleinwald runs...
  • Nobody could ever...
  • But I do...

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    Lessons from the masters - getting it right - Managing without the...


    (Page 10 of 14 )

    Managing without the micro - the art of delegation.

    Many of us need to wake up and face the truth - we can't do everything, and we can't control all the people all of the time. The inability to delegate is by far the most common weakness in small businesses, and it can actually be quite a serious threat. If you cannot learn how to pass on tasks to other people, then you will forever be limited by the number of available hours in each day. Believe me, there are never enough.

    Even if you have, slowly and grudgingly, learned to delegate, you need to make sure that you don't start sneaking back in under the guise of keeping an eye on things. If you're a self-confessed micro-manager, you need to realize that you're paying someone not do the work they're supposed to do. It's a no-win situation for you both.

    Having said this, you also need to ensure that you don't take it too far and lose touch with what is going on. Tim Korea remembers when he trusted someone too much. "This was a great guy", he recalls, "with a lot of really good ideas. At the time, it seemed like a good idea to keep adding to his workload. Unfortunately we overdid it, and by the time we realized that he simply couldn't cope, everything was in a really bad way."

    If you're lucky enough to be in a position where you can have total faith in a partner or employee, keep the lines of communication open and monitor from a distance. But don't get too involved - let them get on with their work while you get on with yours.

    Time control - the importance of deadlines.

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