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We're Scaling Ali Abdaal’s Business to $10 Million (Here’s How) | 035

The Nathan Barry Show

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Balancing Direction and Autonomy in Business Ownership

Providing clear metrics and direction to employees, then allowing them the autonomy to succeed or fail independently, can be a challenge for business owners. It is important to strike a balance between offering guidance and giving employees space to innovate. Owning multiple businesses can reduce the inclination to micromanage, as it allows for a more strategic and hands-off approach. Monitoring performance on a quarterly basis is crucial for making informed decisions, rather than getting caught up in week-to-week fluctuations. Prioritizing essential skills and being selective in decision-making can lead to more effective business management and resource allocation.

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