“If you really want to grow as an entrepreneur, you’ve got to learn to delegate.” – Richard Branson, Founder of Virgin
For many business leaders, it can be a challenge to know where to draw the line when it comes to your responsibilities. When you are the key decision-maker, one of the biggest learning curves is the process of extracting yourself from the minutiae of daily operations.
Studies have revealed that just 50% of businesses make it to the five-year mark, and one of the primary reasons for this, experts posit, is that the leader invests too much of their own time working IN their business rather than ON their business.
So, what’s the difference? Working ON your business involves the development of growth strategies through planning, goal-setting and process automation. Whereas, working IN your business comprises those day-to-day activities such as paying invoices, meeting clients and answering queries. Smart leaders delegate these tasks so to leave more time to work ON their business.
If you are a business-owner and would like to find out more about striking the perfect balance between working in Vs. on your business, why not check out this highly informative infographic guide from the team at 2Flow.ie.