You will have the time and energy to invest in other endeavors while possessing the peace of mind that your business is running smoothly. But, in the long run, it will make your life so much easier. Initially, this can be more stressful– the complexities of handing off responsibilities and duties can seem daunting, especially if you have no idea where to start. This is the usual scenario for small family businesses, like having a laundromat or a convenience store.Įxpansion mindset: No work => business as usual.Įxpanding means delegating. Your absence means nothing gets done since no one is there to run things. ![]() If there’s a major event in your personal life that needs attending to, and you’re required to take a day off, you’ll have to close your business and lose your income for the day. To become a Hands-Off CEO, there are some things you can do to grow your business even without you at the helm: 1. At a standstill.įor every company or business endeavor, there will inevitably come a point where – the more you hold on to it, the more you stunt its growth. But, if you continue doing so, it will also be what keeps you there. But, if you’re busy managing clients, filling out orders, following up with suppliers, in addition to all the tasks needed for operations, where will you find the energy and time to grow? When will you see your family? Travel? Have a life outside of work?Īs an entrepreneur, it’s easy to hold on and micromanage every decision – after all, that’s what put you where you are now. When you’ve invested so much of yourself in your business, sacrificing a lot to get it off the ground, letting go will feel like you’ve cut off a part of yourself. The only way for it to grow, is for us to let it go.īeing a Hands-Off CEO is one of the hardest things we will have to do to propagate our business but is of vital importance and is a necessary step that needs to be taken to move from start-up to global success. It’s exactly how we treat our own business. A thriving, separate entity that can survive on its own. ![]() All these with the goal of teaching them to stand on their own and become independent so that, one day, we can let them go. As they grow, we expend all our time, energy and effort into rearing them, investing in their future, developing their potential, and encouraging them to do their best to succeed. The moment we learn we’re having children, we do all we can to protect and nurture them.
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