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Benefits of Delegating Leadership – Neil Patel

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When you run your business by yourself, you get to keep all the profits.

But there comes a time when you have to ask “Why did I start this business?”

If you realize that making money is coming at the expense of other important things, it may be time to delegate your leadership.

While your take-home pay will certainly decrease, there are a myriad of benefits to not running everything yourself:

• Your business will be more likely to be able to run itself without you there, should you decide to move in a different direction or have an emergency
• You’ll be able to invest your brain space into other companies
• You can spend more time going to events and building relationships which may turn into income streams down the road

Delegating might not come back in direct profit from your business, but it will profit you in many other ways.

Featuring Neil Patel on Smart Passive Income Podcast with Pat Flynn – Episode 561

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