With the coaching I do here and the services that IAC Professionals offers, it’s no secret that I’m a believer in delegation. It makes good business sense to delegate, especially when the person you’re delegating to costs less to do the task than the equivalent of your own hourly rate.
A small business owner might contract with a virtual assistant to take on some of the administrative work, and a large business might delegate its day-to-day functions down from the executive to middle management (or its sales functions to a sales team or its manufacturing functions to the factory, etc.), however, there remains one function that cannot be delegated; it MUST be done by the business leader:
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In my work as a consultant who helps turn ideas into products and business services, I am often approached by a potential client who tells me: “I have a great business idea”…and then they proceed to tell me what it is.
Although I maintain an air of professionalism and would never word it quite this way, the truth is, they don’t usually have a good business idea. They might have a good idea. And it might be sellable. But they don’t really have anything until they’ve made their very first sale. Click here to read more »
Did the title catch you off guard? I hope it did. After all, business growth is the mantra of… well… every single business out there. And it seems good. All of it. After all, who starts a business and doesn’t want it to grow? And it seems like the sooner it grows and the faster it grows, the better.
But the reality is, ALL business growth is not good. Click here to read more »
