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With The 100 Companies, I fly to other cities, meet PR firm owners and discuss membership in our 16-market publishing network. Lately, most begin with a question for me: “How did you sell your PR firm … how can I sell mine?”
So I share the counterintuitive principle I learned from others: give ownership to deserving young teammates and you’ll receive a larger return than if you’d held onto it yourself. For entrepreneurs, that can be difficult.
So is the next phase of the relay, transferring the baton to a teammate who runs alongside you. Eventually you must let go.
– Chris Schroder, The 100 Companies