On this week's episode of the Freedom Fast Lane podcast, guest host Sean Coyne elaborates on how you can delegate tasks to people without having the headache of micromanaging. Simply, farming out your work to people who can be trusted with an entire aspect of your business will boost productivity.
Coyne refers to the "5 Levels of Remarkably Effective Delegation," termed by Peter Economy in 2014, as his go-to method for training, entrusting, and commit to more to growing your team, your business, and reaping the rewards of those efforts.
Giving your team the ability to learn and develop as independent contributors to a project will allow them to have the ability to fully understand the end product and produce deliverables that exceed expectations.
According to Coyne, getting your employees to the highest levels of fully independent delegation is a two-way street.
In order to treat team members as viable contributors, managers have to show an active interest in working with these individuals to develop in their own respects. The attention and the feeling of inclusion you team members feel will translate into higher morale and higher productivity.
MORE GREAT EPISODES OF FREEDOM FAST LANE ON CAPITALISM.COM:
• How To Find the Next Private Label Products that Could Sell $30 Million Annually On Amazon
• Dropout Turned Entrepreneur Kicked Heroin and Now Sells $50k in Fitness Products Per Month
• Everything Has an ROI, But Not All Investments Are Created Equal: How to Get the Highest ROI