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