You’ve no doubt heard that great leaders know how to let go and delegate small tasks. You know that you don’t have to change the paper in the printer and that you should probably let your employees run their own projects after you’ve set bigger business moves in motion. But have you ever thought that it might be a good idea to let your employees make some decisions for you?
I’m not talking about every single business or personal decision, of course, but you might be surprised at what you find out when you take a step back and let go of a number of the decision-making responsibilities for your business. Here are just a few reasons to consider it.
THEIR EMOTIONS WON’T CLOUD THE DECISION
When we’re talking about something as large as whether or not you should sell a portion of the equity of your business to an investor, you might think that you’re the only person who should make this decision. That’s probably not the case, though.
If you sell equity in your business to an investor in exchange for capital to grow your business, you could get some really great instant benefits. You could also forge a lasting relationship with a potential mentor who knows your field really well. Of course, you could also cause some significant issues for yourself and your business, especially if you’re selling a large percentage of your business’ equity.
So how do you make this decision? If you’re in love with the idea of growth, you may not see the potential pitfalls of partnering with this investor. At the same time, if you’re in love with the idea of keeping control and ownership of your business to yourself, you might be blinded to the potential benefits of this deal.
This is where it can help to have some input from your employees. You could have them take a vote, or you could trust a few key employees to make the right decision. You could invite your upper management to discuss the pros and cons of the situation, and if you have a significant adverse reaction to their decision, it’ll give you the opportunity to study that reaction to see if it’s valid or not.
THEY MIGHT SEE SOMETHING YOU DON’T
As you examine your emotions concerning large decisions for your business, it’s important to understand that you aren’t all seeing. Others may have perspectives that you can’t access, or they may have information you don’t have that could inform a better decision—one that differs from your initial reaction.
Getting this outside perspective may or may not influence your final decision, but it will give you a different viewpoint and a better vantage on the whole situation. And, as you see how certain employees make decisions, you’ll get a better idea of whom you can trust to make these decisions for you when you’re otherwise occupied.
AVOID DECISION FATIGUE
Outsourcing and delegating less important decisions to your employees can take a huge weight off your shoulders. Psychologists have observed decision fatigue in patients for years now, and it is a major concern for entrepreneurs and CEOs. If you have to make too many decisions in a short period of time, you’ll eventually lose interest and focus, and you’ll make poorer choices because you’ll just want to get it over with. When you delegate decisions, you won’t be at such a great risk for decision fatigue, and you’ll have a clearer mind when you need to make crucial choices for your business.
Try letting some of your employees make some of your business decisions for you and see how it affects your leadership and the direction your business takes.