By Anne M. Bachrach (USA)
When starting off a small business, there are many decisions and actions which have to be taken by the entrepreneur him/herself. It makes sense for the entrepreneur to keep the reins in his/her own hand as the business is yet to get off the ground. Getting any business started off and geared towards success takes a lot of effort and hard work. Once the business has been established, the entrepreneur can take a backseat and reap the fruits of their initial endeavours.
More often than not, this does not happen. What the entrepreneur does is retaining control of the business. When in the beginning it made sense to do so, there comes a time when relinquishing some of that power is the key to ensure the business keeps growing. Regardless of how hard you work, there are only 24 hours in a day. There is a limit to what an entrepreneur as an individual can achieve and still have a ‘life.’ Keeping an eye on the most trivial matters related to the business is not exactly the best way to utilise limited and valuable time.
Source: iCN Issue 11 (Executive Coaching); pages 59-61
About Anne M. Bachrach
Anne M. Bachrach is known as The Accountability Coach™. She has 23 years of experience training and coaching. Business owners and entrepreneurs who utilise Anne’s proven systems and processes work less, make more money, and have a more balanced and successful life. Anne is the author of the books, Excuses Don’t Count; Results Rule!, and Live Life with No Regrets; How the Choices We Make Impact Our Lives, and The Work Life Balance Emergency Kit.
