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Million Dollar Team Principle

Use Business Knowledge Management to Answer Questions Before They Are Asked

Nick McLean
Mar 30, 2026 · 2 minutes read

As a leader, you are often the biggest bottleneck in your company. Specifically, when every decision requires your input, your growth stops. To scale, you must move knowledge out of your head and onto paper. By prioritizing business knowledge management, you create a team that can function without your constant presence.

The Power of the Broker’s Log

One of the best ways to start is by creating a “Broker’s Log.” Whenever a problem arises, you should solve it once and then immediately document the solution. Consequently, you turn every “got-a-minute” interruption into a permanent company asset. If you do this consistently, you will notice that the same questions stop reaching your desk.

Checklists versus Handbooks

Effective business knowledge management requires different types of documentation. Specifically, you should build two main resources:

Because you have provided a written guide, your team gains the confidence to lead. Instead of just giving an answer, you are giving them a repeatable framework for success.

Create Permanent Assets for Your Team

When you put your wisdom in writing, you are no longer the single source of truth. In conclusion, don’t just solve problems—systematize the solutions. By mastering business knowledge management, you ensure that your team’s expertise grows even when you are not in the room. Therefore, your time is freed up to focus on the next level of growth.