The Ten Priorities; Priority #8: Managing your People

Ten Priorities, finance management

ten priorities in business people management

Delegate, don’t abdicate

This is the eighth post in the series of The Ten Priorities: Laying the Foundations for a Great Business and Life. The eighth Priority is about Managing your People. The introduction to this series on The Ten Priorities is here.

Great businesses employ great people that deliver great work.

Business owners who want to build great businesses must get good at managing people. There is no way around that.

But for many business owners, people are a source of great stress and anxiety. They spend their days hoping things will go ok, and practice the ancient art of:

Management by keeping your fingers crossed

And that’s because they Abdicate, instead of Delegate to their employees.

Abdicating is giving someone a job and hoping they’ll somehow get it done right.

Most people feel good when they have an opportunity to do good work. Human beings (and employees are in fact human beings, I promise you) get a lot of satisfaction from doing good work, but the problem is, they often don’t know what constitutes good work. They’ve not been given clear outcomes, and they’re given conflicting priorities and feedback. And so, they flounder, they make it up themselves, they disengage, and the job does not get done right.

Delegating, on the other hand, is about discussing the job with the employee; explaining to them what the required outcomes of the job are; making it clear what good work looks like; asking for input and buy-in on the job; asking what the person needs to be able to deliver the required outcomes; agreeing on time frames and check-in points, and finally, agreeing on reporting and KPI’s for the work. (More about engaging your staff here)

When you learn how to delegate while keeping your fingers on the pulse as opposed to keeping them crossed, you will start to build a great business… I promise you.

Next week, Priority #9: Your Products or Services

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