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Your business is running you — The burnout trap entrepreneurs face
For many entrepreneurs, becoming indispensable can be a sign of success — but it can also become a major business risk.
Red Balloon founder, Naomi Simson OAM, says businesses can become overly dependent on their owners when key responsibilities and decision-making remain concentrated at the top.
That dependence can make it harder for a company to continue operating smoothly when its founder is unavailable, while also limiting opportunities for employees to take ownership.
Simson argues that building trust and delegating responsibility can help businesses become more resilient.
Rather than managing every detail, founders should establish a clear vision and give their teams the authority to execute it.
The shift can help businesses operate beyond the founder while giving entrepreneurs more time to focus on strategy, growth and the future of the company.