Do what you do best. Delegate the rest to experienced employees or professionals. Sometimes, it is hardest to let go of the tasks you least like to perform. The heads of large companies rely on their Boards of Directors for advice and counsel. You may find unbiased business advice by forming your own advisory board of experienced executives.
Directors can be expensive and can be hard to find.
You may be able to obtain expert advice without relinquishing any control over policy, compensation and other operating or management matters. Because a Board of Directors does not own the company, they do not force owners into decisions, they just attempt to steer them into the right decision. Look to business associates, friends and family members to get your board started. Business owners from non-competing businesses similar in type and size to yours could be great advisors to you. Look for members with a broad range of business experience.