How do you ensure the success of your business? Here are a few tried and true tips from successful business owners still in the trenches.
Create systems that can run without you.
Be sure that the information and knowledge you possess exists somewhere besides your own brain. If there are critical skills that you alone possess, train your people to do them better than you do, and see how much faster your company can move when there are more hands to share the important work.
Hire great employees, then get out of their way.
Train your employees well, listen to their ideas, and give yourself the freedom to move on to strategic pursuits such as growth planning and business development that will ensure your company’s long-term viability.