Home Business The fine art of passing the baton (part 1)

The fine art of passing the baton (part 1)

by Jan Schroder
business people passing baton

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

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