It's understandable to want to do everything yourself, but we're only human. Putting too much on our plates can be a recipe for a disastrous slipup. Inc. recommends a very simple rule we can all follow when trying to decide when to delegate something — when someone else can do the task 70 percent as well as you can, delegate it.
And for the perfectionist, Inc. says, "There is no place for perfection when it comes to delegation. The upside is the CEOs don't need to spend any time on the task — zero! The "return on time" they don't spend on that task is infinite, plus they gain that same time to invest in a higher-impact project. Part of the delegation process involves knowing what you want to accomplish and then letting people know what is needed for your team members to get it done. Then it's time for perhaps the most difficult part of delegation — letting go and trusting that your team members will take the ball and run with it."
Delegation is important because not only does it help you to be more efficient when it comes to higher-impact projects, but it also allows you to give other employees more responsibility and the chance to grow.