The Cost No One Talks About

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

On Tuesday, I wrote about what I believe is one of the most expensive sentences in business.

“I am the only one who can do this.”

Many of you wrote back saying, “That’s me.”

Today I want to ask a different question.

What is this sentence costing you?

Not just today.
Five years from now.

Every time you insist on doing everything yourself, you don’t just complete a task; you make a decision.

A decision that your business will never become bigger than your own capacity.

Think about it.

If every important client needs you…

If every difficult conversation needs you…

If every investment decision needs you…

If every approval needs you…

Then you have not built a business.
You have built a job with a very impressive revenue.

There is another cost that almost nobody talks about.

When your team realizes that every important decision eventually comes back to you, they slowly stop thinking.

They stop taking ownership.

They stop making decisions not because they are incapable but because you have unintentionally trained them not to.

Eventually they become exactly what you feared they would become.

Dependent.

And then you use that dependency as proof that you were right all along.

“See? I am the only one who can do this.”

It becomes a self-fulfilling prophecy.

The irony is painful.

You wanted control because you cared about quality.

But too much control eventually destroys capacity and without capacity there is no scale.

Without scale there is no enterprise value.

Without enterprise value there is no enduring business.

The best founders eventually discover something that changes everything.

Your role is not to make every decision.

Your role is to build people who can make good decisions without you.

That is how businesses become valuable.

And this is not because the founder became indispensable but because the founder stopped being one.