Autonomy
Want a great business? One that will thrive for generations? Allow autonomy. Jason Cohen, founder of WPEngine, said at a recent talk he gave (quoting someone else), "Approval doesn't add value." Most entrepreneurs don't allow autonomy in their business. They institute monarchical-like approval processes for even the smallest of tasks. They are too scared of loss that they won't even consider developing checks and balances systems in their business so that employees can run the company. They are too scared to trust people they've hired. Maybe they know they've hired the wrong people to run their company. Maybe they hired…