We all know the mantra about having the right people doing the right things...or do we? Read about how the most talented entrepreneurs should sometimes realize their creations are better run by others.
Entrepreneurs are typically very focused on their core business – they are driven and work quickly, says Annika Hall, director of business advisory at Grant Thornton Sweden and author of several books on privately held businesses. Those qualities are great for spotting opportunities and starting businesses but entrepreneurs often keep tight control of their operations. This can lead to employees failing to take the initiative or contributing to the development of the business because what’s expected of them is not made clear