A piece of advice that’s both right and wrong; to run a successful business, you must learn how to delegate.
Good advice because; there are only twenty-four hours in a day, and together we can achieve much more than alone.
Bad advice because; ceo’s can’t delegate getting in the trenches (in the beginning). Outsource too early, and you’ll have no idea how a certain process works. Delegate accounting entirely, and you won’t know how money actually flows in- and outside your company.
Start delegating after these two conditions are met, in this particular order. First, establish a firm understanding of the task at hand. Second, you’re able to attach KPI’s to the job(s) to be done.