One simple way to make your business WAY more valuable

written by Peter O. | Leadership, People, Execution

I want to give you 1, very simple way to make your business more valuable:

Every business is more valuable to the degree that it does not depend on its top leader. -Verne Harnish, Scaling Up

Company value goes up as your involvement goes down.

I don't think I would have believed this quote 5 years ago. I behaved the opposite. I had to have all the answers. I had to solve all the problems. I had to make all the decisions.

But all that does is hold the people back limit the company value.

Instead, I should have worked really really hard to enable others do the work.

Don't be like me 5 years ago. Instead, focus on these 3 "stops" and 3 "let others":

3 things to stop doing, 3 things to let other do:

  • Stop knowing everything, let other be the experts

  • Stop fixing everything, let others solve problems themselves

  • Stop making all the decisions, lets others make decisions and mistakes

Remember, I said simple... not easy.

About the Author
Peter Olson writes about what he's learned growing a business to high seven figures. He's the CEO of an Inc 5000 company that works with entrepenours to help them growth their businesses.

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