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Smart delegating tips

This story appears in the February 2000 issue of Business Start-Ups magazine.

Imagine! You start a company at age 24 and by the time you're 28, it's generating more than $3 million in sales annually. Every entrepreneur's dream? Yes, but Marc Hausman, 28, president of Strategic Communications Group Inc., a Silver Spring, Maryland, marketing and public relations firm, is living it. He's grown his company from 10 to 35 employees within the past 12 months--thanks to effective delegation.

The operative word here is "effective." Every entrepreneur knows he or she must delegate to grow a business. That's a no-brainer. But a common mistake new business owners make is to delegate their passion--what drew them to start the business in the first place--in order to focus more on day-to-day administrative and managerial duties. Entrepreneurs who fall into this trap unwittingly become bottlenecks to their company's growth, spending the bulk of their time engrossed in activities they don't really enjoy and aren't especially good at.

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