Published on May 27th, 2013 | by Jose Vasquez0
Letting Go in Startup Tech Companies
As an entrepreneur, it’s easy to become attached to your ideas, but you need to learn to let go and delegate if you want to become successful.
Letting go is hard, especially as a startup tech entrepreneur. Take Jason Fried’s story for example. Fried started Basecamp, a project management system, several years ago and eventually watched it skyrocket to popularity. Fried managed the daily operations of the business from the ground up, making decisions from company direction to customer service.
But eventually, Fried realized that he could no longer give his full attention to the areas he wanted. Instead, he was caught up in day-to-day activities. Though it was tough to make the decision, he handed control to Jason Zimdars and is now focused on exploring new ideas for company expansion.
The Importance of Delegation
Delegating your workload has the downside of sacrificing some of your control, and many entrepreneurs and company founders are afraid of the notion. But eventually, you’ll need to let go of some of that control if you want to keep moving in a positive direction. You need to be able to trust your team to see your mission and ideas through to fruition. Without that ability, you might retain full control but you’ll also suffer a stymied potential.
Making It Easier
There are three quick ways to make the process easier, especially when you’re first starting to rely on others:
- Trust but verify. Letting go doesn’t mean you’re no longer involved. Trust your team to handle their responsibilities, but check in from time to time. Become a resource for your team to become successful.
- Praise and coach. Encourage your workers, especially when they’re experiencing difficulty, and reward them for jobs well done.
- Innovate. Use the liberated time you have to fuel new projects and spark new ideas. Innovating is the most fun you can have as an entrepreneur, so appreciate the opportunity to do it!
Letting go is a process, but with time it will become easier. Learn to relax and trust your team, and your growth can only accelerate.
Click on the following title to read Jason Fried’s article, Letting Go: The Best (and Hardest) Thing You’ll Ever Do.