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Ask Rick: As the CEO, Do I Have to Make ALL the Decisions?

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Synopsis

It’s time to talk about decision-making as a CEO. Should you be making all the decisions for your business, or is it time to start sharing that responsibility?The problem with holding on to all the decision-making is that it doesn’t leave enough time for you to make the strategic, high-level decisions that move your business forward. This is something I struggled with early in my business, and I’ve come to realize that a lot of other business owners struggle with it too. Transitioning from an entrepreneur running the business day-to-day to a CEO who delegates day-to-day tasks is challenging but super important if you want your business to continue to grow. Let’s get into it.In this episode, you’ll learn:Why it’s so hard to hand over decision-making What decisions you should hand off to other team membersThe importance of trust in your team members How to avoid micromanaging The type of decisions that a CEO is in charge ofWhy you need to make time for strategic, high-level decision-making What you should be fo