Delegation is the transfer of your responsibilities to staff. For the successful development of small businesses, it is extremely important to delegate production and sales functions. If you are the main manufacturer or main seller of services or goods in a company, then the development of the company is limited by your capacity for work. There are only 24 hours in a day. You cannot hold 2 business meetings at the same time.
Therefore, it is necessary to free yourself as much as possible from these responsibilities. When you do this, your current profit is likely to decline, but there is huge potential for business development and time to get to grips with it.
However, you must choose carefully which functions to delegate.
We live in an imperfect world and, most likely, it will not be possible to delegate everything. With some responsibilities, doing this is downright dangerous because you lose control of the firm and the other person takes over. For security reasons, it is better to break down some functions and assign different people to perform each of them. For example, different people must negotiate with suppliers and make purchasing decisions to reduce the likelihood of commercial bribery.
The delegation process can be greatly simplified if you revise the organization of business processes and reduce the number of functions. After that, the functions need to be formalized as much as possible so that their execution does not depend on a particular employee. It also makes sense to make the delegated responsibilities slightly overlapping so that an accidental mistake by one of the employees does not have a too detrimental effect on the result.
