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As a business owner or manager, you’re used to wearing many hats and taking care of things yourself. But at some point, multitasking offers diminishing rewards, and it’s time to delegate to others. If you find this difficult, chances are the problem doesn’t lie with employees — it lies with you. Gallup research found that only 1 in 4 entrepreneurs is a great delegator. The study, which polled 143 CEOs on the Inc. 500 list, also underscored why these leaders should work to improve in this area. Of the CEOs included in the survey, those with strong delegator talent had an average three-year growth rate of 1,751% — 112 percentage points higher than the CEOs with limited or low delegator talent.
Gallup went on to identify six key differences between leaders who delegate well and those who don’t:
PNC can help. Our retirement and personal banking products help you to take care of your employees even better, and that's the best way to take care of your business.
“Delegating: A Huge Management Challenge for Entrepreneurs,” Gallup, April 2015. Retrieved from http://www.gallup.com/businessjournal/182414/delegating-huge-management-challenge-entrepreneurs.aspx.
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