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Learn how to guide your team in making profitable decisions and effectively delegate tasks. This article covers key principles: estimating monetary value, prioritizing goals over processes, accepting any decision is better than none, learning from mistakes, taking responsibility, making decisions openly, and the flexibility to change rules. These strategies foster a culture of independence, responsibility, and continuous improvement, crucial for a thriving business.

A close friend of mine is a master of coming up with plans. Starting a blog, writing a movie script, launching a podcast, opening a restaurant — you name it, he’s planned it. Yet, he’s not exactly a poster child for execution. He reminds me of people I’ve worked with, who can think hundreds of ideas per minute, yet ...