When starting a business, you may be prepared to wear many hats—from sales, to technology, to accounting, to chief coffee cup washer. There is a point when it is time to start delegating tasks to others to allow your business to grow. Your business and driving towards delegation is essential for professional growth.
In this webinar, KBS CFO President Robin Thieme covers key concepts to consider and look for the signs when it is time to let go of certain tasks and hand over the reins to others; even at the risk that they don’t perform those tasks as precisely as you were. The purpose of this webinar is to encourage you to find ways to grow. Robin Thieme has supported with hundreds of growing businesses over her 30+ years. She is a business owner herself, as well as a CPA.
“High performing businesses understand that delegation is essential for growth. The key to successful delegation is to give enough responsibility to make the person feel important, but not so much that you feel insecure.” -John C. Maxwell
As a small business owner, it’s easy to fall into the trap of trying to do everything yourself. After all, you know your own business inside and out, and you’re passionate about what you do. But there comes a point where you simply can’t do it all, and that’s where delegation comes in.
Delegating tasks to others not only frees up your time, but it also allows you to focus on the most important aspects of your business. By entrusting certain tasks to capable employees or outsourcing to experts, you can improve efficiency, increase productivity, and ultimately grow your business.
Key Ingredients to Growing Businesses
- Building Demand (Marketing and Sales)
- Building Capacity to Meet Demand (Operations)
Build with the Middle in Mind
1. Starting a business is an exciting journey
2. It’s important to know where you want to go
3. Do you want to create a lifestyle business?
4. Are you looking for moderate or high growth?
5. What type of business will ultimately feel the most rewarding to you?
Delegation can address both ingredients. The goal of this particular webinar is to focus on the growth mindset. We want to build with the middle in mind. Picture what it’s going to be like for you in your business. What does it look like when you are at your growth trajectory that makes you feel satisfied with the work you’re doing? Where do you want to go with your business? Do you want it to be a lifestyle business? Are you striving towards moderate or high growth? Ultimately, as you think about where you want to end up with the middle in mind, that’s really going to guide you.
Building a Team
Building a successful team requires recognizing our own strengths and weaknesses, as well as those of our team members, and being aware of potential roadblocks to success.
1. Acknowledging your own skills and expertise
2. Recognizing others’ skills and expertise
3. Recognizing what I don’t know
4. Recognizing potential impediments to growth
One of the biggest benefits of delegation is that it allows you to leverage the strengths of others. You may be a fantastic salesperson, but struggle with administrative tasks. By delegating those tasks to someone who excels in that area, you can ensure that they are done efficiently and effectively, while you focus on what you do best.
Delegation also helps to build a strong team. When you empower your employees to take on new tasks and responsibilities, they feel valued and invested in the success of the business. This can lead to increased motivation, better job satisfaction, and ultimately, higher retention rates.
Of course, delegation isn’t always easy. It can be difficult to trust others to handle tasks that you’ve always done yourself. But by setting clear expectations, providing adequate training, and establishing systems for accountability, you can ensure that the work is done to your standards.
Delegation is a crucial aspect of growing a small business. By entrusting certain tasks to others, you can focus on what you do best, leverage the strengths of your team, and ultimately drive growth and success. Don’t be afraid to let go of control and delegate to others – it could be the key to unlocking your business’s full potential.
Free Webinar Recording and Reflection
If you took time to listen to this webinar or read this blog post, take just five minutes to and think about what your next step would be related to this. Ask yourself—what is your motivation and take away from here? Evaluate what steps you need to take to delegate and ultimately grow.
About Robin Thieme, Founder, CEO and Chief Anticipation Officer of KBS CFO
With over 30 years of financial and accounting experience, Robin has a passion for the efficiencies that new technologies enable and a dedication to growing businesses. Along with the KBS Team, they provide strategic guidance and system-based solutions to entrepreneurs.
Long before “cloud computing” was a mainstream term, Robin built KBS as a virtual organization. She takes this same thoughtful approach to establishing efficiencies and solutions that fit the current business environment for her clients.
While her education, skills, and background are centered on finance, accounting, and technology, Robin and the KBS Team are proud to be innovative and solution oriented for their clients. KBS CFO provides CFO, Controller, and the full spectrum of accounting department solutions and has developed niches with organizations that have more complex accounting needs. Industries served include manufacturing, contract manufacturing, craft distilleries and breweries, startups, eCommerce, and government contracting. If there is a level of complexity to the accounting, then KBS CFO can rein it in, reduce the complexity and build automations around it.
Robin is an anticipatory, #FutureReadyCPA that provides advisory services to her clients while building sustainable, growing, profitable, and scalable businesses. Robin has earned designations from the American Institute of Certified Public Accountants (AICPA), including Chartered Global Management Accountant (CGMA), Certified Information Technology Professional (CITP) and Certified Public Accountant (CPA). Recent certifications include Certified Sage Intacct Accounting Partner Provider, and has developed proficiency in many accounting system(s) including Orchestrated Spirits, Unanet, Sage Intacct and Intuit QuickBooks. Robin is an active member of the Maryland Association of CPAs (MACPA) and a periodic speaker on accounting technology trends and tools.
Her expertise, coupled with decades of first-hand knowledge about the unique challenges faced by growing businesses, enables her to serve as your trusted strategic advisor. Robin is a AICPA instructor, author and subject matter expert with respect to Virtual work places and the Virtual CFOs within the AICPA community. She has also been featured on several podcasts, Go Beyond Disruption, Future-Proof , Where Accountants Go, Change Your Mindset Podcast, The Staying Power Podcast.
Outside of the professional world, Robin resides in Kensington, Maryland with her husband. When time allows she enjoys all types of outdoor activities including hiking, skiing, and golf. She also breaks up her workweek by periodically attending improvisation classes and embracing “Yes, And” in work and life, in general.
