5 delegation tactics for small business owners

Business owners are accustomed to wearing several hats and having control over every aspect of their company, dispensing with any delegation tactics. Recent research from Salesforce found that small business owners are personally responsible for an average of 4.2 roles in their business. While that much work can be exhausting, for those who enjoy entrepreneurship, it’s also gratifying. There aren’t any outside factors, you’re in the driver seat, and success or failure solely depends on your efforts. However, if you’d like to scale your business (or finally take some time off), you need to learn delegation tactics and use them.

Why do you need delegation tactics?

Many leaders struggle with delegation. A psychological study offered two reasons why business owners are reluctant to delegate:

  1. A faith in supervision effect, which reflects the tendency of observers to see work performed under the control of a supervisor as better than identical work
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India to expand economic partnership with Chile as part of Indo-Pacific vision

The JCM with Chile was a significant development, being the first institutionalized dialogue between the two countries at the level of Foreign Ministers. Chile is a member of Pacific Alliance comprising Chile; Peru; Colombia and Mexico. The Pacific Alliance seeks closer ties with India and the Alliance can be an anchor for India in one geographical part of the Indo-Pacific region.

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Air Canada CEO Rovinescu departing after great success, but amid uncertainty for airlines

Air Canada on Friday said chief executive Calin Rovinescu will retire in February, following a long-term stint at the top that started with him turning the company around after the global financial crisis, but likely ending with the coronavirus pandemic continuing to hammer airlines. Read More

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Twitter backtracks and allows users to share New York Post story about Bidens

Twitter on Friday reversed its controversial editorial decision to block users from sharing an unverified New York Post story that purports to show emails related to Democratic presidential nominee Joe Biden and his son.

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How tiny Fairfield, Iowa, became a micro-business capital

When the COVID-19 crisis hit, Jim Masterson had to figure out how to massage a horse online.

For more than a decade, Masterson and his wife, Conley, have been the go-to experts for equine performance bodywork.

If your show horse got sore after a jumping competition, you could attend a workshop with a Masterson instructor to learn how to release the horse’s muscle tension through the unique Masterson Method.

The pandemic put a stop to the instructor visits and forced the Mastersons to think creatively about their business model and the horses they’ve dedicated their lives to helping.

Fortunately, they had access to an entire community of creative and like-minded entrepreneurs.

Based in the Corn Belt city of Fairfield, Iowa, the Mastersons are part of an entrepreneurial Shangri-La. The 10,425-person city, about 115 miles southeast of Des Moines, is home to a large number of small, internet-based micro-businesses that are … Read the rest

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China denies 'coercive' diplomacy with Canada, urges release of Huawei executive

Huawei Chief Financial Officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver in late 2018 on a bank fraud warrant issued by U.S. authorities. Meng has said she is innocent and is fighting extradition in a Canadian court. Shortly after Meng’s arrest, Beijing detained two Canadians on national security charges and halted imports of canola seed.

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Four policy pillars that will encourage online micro-businesses

As the U.S. rides out the COVID-19 pandemic’s economic storm, one often overlooked group has emerged as critical ballast for local communities: online micro-businesses.

As stay-at-home orders crippled economies, 44% of these micro-businesses moved more of their business to the internet, ramping up their e-commerce efforts and other digital offerings. By the end of July, less than 2% of them had closed permanently. It’s little surprise then that communities with more micro-businesses lost fewer low-income jobs at the peak of the crisis

These results come from the Venture Forward initiative, a multiyear research project that looks at the economic impact of the 20 million websites with domain names registered with GoDaddy. Three-quarters of these ventures are commerce-driven micro-businesses. The rest are community, civic or hobby-based sites.

Working with academic partners, Venture Forward has found:

  • Micro-businesses create jobs. Economists at UCLA Anderson Forecast determined that there’s a causal impact between
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