DelegationVsUpskilling
Hey fellow startup founders! 🚀 Let’s talk about a common dilemma – when to delegate tasks and when to up-skill yourself. 🤔 Here are a few thoughts to consider:
When to Delegate:
- Tasks that are outside of your expertise or will take too much time to learn
- Responsibilities that require specialized knowledge or experience
- Anything that hinders your focus on core business activities
- Projects that can be completed more efficiently by someone else
When to Upskill:
- Skills that align with the core business goals and can add value to the startup
- Tasks that you enjoy and want to develop expertise in
- Abilities that will give you a competitive edge in the industry
- Personal growth and self-improvement opportunities
In your case, as a digital design background, learning app development and 3D modeling can be valuable skills for your startup. However, for more advanced tasks like manufacturing specifications or financial matters, consider delegating to experts. 💡 It’s all about finding the right balance between enhancing your skillset and leveraging external resources for success.
What do you think? When do you decide to delegate and when to up-skill? Share your experiences and insights! Let’s help each other navigate this startup journey! 🌟 #StartupStruggles #FounderLife #SkillsDevelopment
This is not a rule, but it should be. Don’t ever, for any reason, under any circumstance, hire or outsource any operation in your business until and unless you’ve done it yourself first, tried it, tested it, know it in and out, know what works and what doesn’t, challenges and their solutions, and you’ve mastered it. Thereafter, you create an SOP (Standard Operating Procedure), followed by training. You can then look at hiring, but even then, make sure you vet properly, interview prospects, test them, train them personally, and then see if you want to hire.
In terms of when to hire; when you are losing time doing standard operations, administrative work, etc. instead of working on income-generating activities.
There are lots of companies (and people) that do fractional CFO services for startups. One tip is to do your finances yourself with platforms that allows easy and facilitated managing of your finances, until you reach the point where it’s taking too much of your time and is distracting you from your main duties(which is being a CEO and being focused on strategic matters and keeping the company in the right direction).
Hope this is helpful