As a business leader, you dream of the day when your company has a consistent stream of clients who are eager to work with you. However, as this comes into fruition and your business grows, the workload also increases and you can easily become bogged down by mundane tasks.
Bold plans and visions aside, if your business is growing too fast and you don’t have the right strategy in place, the outcome is often the same: FAILURE. In fact, it can be as disastrous as a business that never had a chance to take off.
Here’s the thing, regardless of how many extra hours and personal sacrifice you put in your business, you just won’t get everything done on your own. With this, you only have two choices: 1) adapt and delegate the tasks, or 2) let your company burn down as a one-man show.
One of the most common mistakes that entrepreneurs do which stunts the growth of their business is they try to be superheroes and do everything in their business. As your business grows, your needs also change and you need to adapt accordingly.
It is unwise to spend most of your day performing the time-consuming ancillary functions, instead of the value-adding core activities that drive revenue and growth. These crucial processes may involve the strategic and creative aspects of your work.