To be an effective business owner, you must be willing to delegate and relinquish control. Even I admit it can be a scary proposition at times, but it’s a management strategy that will reward you and your team.

Done correctly, delegation allows you to make the best use of your time and skills, develop your staff, groom a successor, and engage and motivate your team. It has another hidden benefit: It will create leverage and capacity for you personally and your senior management team.

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