Up Your Cash Flow / Goldstein 125-131

132 WE MUST DELEGATE AND TRAIN

The primary purpose of delegating is to allow owner-managers sufficient time to mange their company. Your time needs to be spent controlling company expenses, monitoring the key financial elements of the company, learning to understand what the company's financial statements mean, and planning for the future. Delegation is also the key element in the development and training of responsible employees.

 

The owner-managers of small companies tend not to delegate for several reasons.

• Incompetent staff
• The glory of manual labor
• I can do it better myself