As the founder of the Virgin Group, Richard Branson knows a thing or two about running a successful business. He recently revealed the single piece of advice that entrepreneurs thank him for the most -- it's all about delegation.
"Early on in your career, find someone better than yourself to run the business on a day-to-day basis. Remove yourself, maybe even from the building, and from the nitty-gritty. That way, you're going to be able to see the bigger picture and think of new areas to go into," Branson told Inc..
He added: "In some ways it's easier today for me to oversee a few hundred companies than it was when I was hands-on running the business myself. Learning the art of delegation is absolutely key."
Branson was also one of the pioneers of remote work. When he says that you might even need to leave the office, he isn't kidding. Branson advises that sometimes relinquishing complete control means physically being in a different place.
"People always want to see the top person in the office, but if you remain in the office, you'll never properly delegate," Branson said. "If you can give somebody a good title, they'll be happy to deal with it and [run the business] … and give you the time to spend doing the things that really, really matter."
Visit Inc. to see Branson speak more about his own management style.