No person will make a great business who wants to do it all himself or get all the credit.
Delegating means letting others become the experts and hence the best.
Give up control even if it means the employees have to make some mistakes.
If you don't know what to do with many of the papers piled on your desk, stick a dozen colleagues initials on them and pass them along. When in doubt, route.
You have to do many things yourself. Things that you cannot delegate.
You can delegate authority, but you can never delegate responsibility for delegating a task to someone else. If you picked the right man, fine, but if you picked the wrong man, the responsibility is yours -- not his.