Is It Possible To Have Management Completely Run Your Business Successfully Without Your Input?

13 Dec

Is It Possible To Have Management Completely Run Your Business Successfully Without Your Input?

Check out on Quora here.

Absolutely. But, there are two questions that need to be addressed to determine if it’s a good idea and how to do it:

  1. What are your strengths?
  2. What are managements’ incentives?


Are you better at envisioning and starting or executing and managing? If you’re the former, then, not only CAN you have management run your business, you SHOULD! It takes a wise and humble person to recognize when a business has outgrown them.

If a founder feels burned out, out of his league, or just that someone else can better manage the business for success, he can always remain an adviser and keep up on the business in some capacity.


People do what’s in their best interest. If you consider yourself a great manager, but you need to step back from a business for any reason, then you need to ensure that your interests align with management.

Obviously, the first step is choosing the right people to manage. Then, get them on the same page as you. The strongest way you can do this is by making them owners as well. You can also create long-term bonus plans or tie their base compensation to the business’ performance.

Being a solo, absentee owner is never a good idea. People will revert to laziness if left to their own devices… The short answer is this: If you want to relinquish control, be prepared to pay for it. You will either pay for it by giving people what they deserve or in the decline of your business. The people managing your business must be motivated to do a good job.

Your exit strategy should start with your business plan. If you want to learn more about how to plan a business, get a FREE copy of my Amazon #1 best-selling book here!

BySteve Buller

Steve owns the E-learning brand I Quit My Job To Help You Quit Yours. He teaches people how to leap from employee to entrepreneur: 1) Learn how to make money on day 1 through affiliate sales, and 2) Learn how to build an online business in an area you love to generate automated income until the end of your days. Steve has started multiple businesses and operated one franchise. His passion is leveraging his experience to help people get away from the toxic corporate environment and live a life of more impact, freedom, and fun. Steve has his Masters in Professional Accounting and is a licensed CPA in the state of Washington. After starting his career in public accounting with Ernst & Young, he worked with multiple tech and biotech companies in the Seattle area. He worked as the Financial Controller, directly under Bill White, CFO at Intellicheck Mobilisa, a public company traded on the NASDAQ.

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