Build systematic processes for evaluating situations and delegating decisions to your team. When employees have autonomy instead of being micromanaged, they stay longer and work harder. Removing bottlenecks this way lets your business grow without burning you out.
And it is that sort of removing of bottlenecks that creates businesses that can really grow and thrive because the way to remove those bottlenecks is to create systems for evaluating and making decisions and then empowering other folks to do it. I was having a conversation with someone actually earlier today and they were saying not only does that empowerment of your team remove some of the burden on the owner, But it also ensures sort of better longevity with those people because those people don't like sort of being micromanaged where they don't have any sort of autonomy. And so, you're likely to lose these good people that you really depend on if you don't give them that autonomy and give them that opportunity to make an impact.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
