A Balancing Act for Entrepreneurs - by Ravi Patel

 

Starting and building a company is fun and exciting for Entrepreneurs. They are involved in all functions and cherish control over details. However, there comes a point in time to let go.

 

Parents have a difficult time letting their children venture out on their own – from the first play date to leaving home for college.

 

Entrepreneurs are not so different. When their businesses grow and new management is required or when Entrepreneurs need to move on to other things in life, they have a traumatic time letting go. 

 

Successful companies are not built on single individuals, but a strong organizational team of management leading the employees. The Entrepreneur’s role is to build the management team, inspire them with the vision, and let them execute the mission.

 

Enlightened Entrepreneurs accept the process of letting go gracefully, while some hold on by pretending to delegate management responsibilities but continually interfere.

 

Entrepreneurial company management is a fine balance between letting go and holding on.

 

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