For every business there are costs and benefits for the entrepreneur to personally manage and control each different factor. A lot of entrepreneurs and people in general “have to always be in control.” This mindset is why a lot of businesses stay very small and do not grow. At some point if an owner wants his business to realize large profits then he/she has to give up a lot of control in the business.

Look at all of the bigger businesses out there. You will not find “Verify the secretary’s time card” on the owner’s to do list. You are probably okay with having someone else take care of that one right now but how about totally cutting yourself out of approving the creative materials for all of your advertising? That would really shake some entrepreneurs up to give control of that up. Though, at some point it is not worth the time spent on that for you.

As a business grows and changes, so do the costs and benefits for the owner to personally control many things. You need to continuously be analyzing this and be looking for more leveraged actions to invest your efforts into. It is probably never the smartest thing to have complete control over everything. If someone does then they probably list their occupation as “Self Employed” on applications and aren’t realizing the growth that they are capable of. That type of entrepreneur is usually an extreme micromanager and in business alone trying to compete against smart cooperative teams.

Learn how to put the right people in the right positions with the right responsibilities and build in systems to audit performance. Smart dependency on others allows growth to happen.