Building a successful and thriving business is every entrepreneur's dream. In the beginning stages, the business owner pours countless hours and sleepless nights into their venture. Before they know it, their small operation requires the support of an entire team. At this stage, the entrepreneur must shift their focus from being hands-on with every task to delegating responsibilities to others to share the load.

Delegation is not easy for most business owners. They often struggle with letting go and assume that others will fail to execute work to their standards. This is a valid concern. After all, employees don't typically bring the same level of passion to their work as the company founder. The reason that delegation often ends in disaster is that most people think of delegation as simply assigning responsibility for tasks to employees. Instead, it's critical for the business owner to learn how to delegate in a way that empowers their team to think and execute work like a business owner.

Related: 3 Steps That Will Empower Your Employees to Act Like CEOs

As a business owner, you are likely driven to success by underlying goals, dreams and aspirations for the business. As a leader, it's your responsibility to help the team understand and embrace your shared vision. If your team........

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