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Give Up Control vs. Keeping Control of a Business

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Linda is choosing to retain control over her company but Jeff is willing to give up control. Can someone please explain which approach is better and why?

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Solution Summary

This article will provide reasons and suggestions on when and why to keep control of a business or give up control of a business.

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Linda is choosing to retain control over her company but Jeff is willing to give up control. Can someone please explain which approach is better and why?

This is a good question for many business owners however it fully depends on the situation presented. There are many reasons that cause business owners to review this decision such as not enough cash to run the business efficiently, not sufficiently staffed, not able to adequately satisfy the demands of the business or having an investor take over. Whatever the reasoning there are ways to maintain control and reasons why you would want to.

"Invariably, people who start companies assign themselves the position of CEO. That's understandable, of course. It's their idea. But, there are many different ways of being a CEO and unfortunately a majority of people gravitate toward the old command and control model where the ...

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