This is not to be taken literally; the team would likely be lost without you as the team leader. It refers rather to the use of autonomy. Autonomy is about giving an individual performing an activity control in deciding how to carry it out.
Research has highlighted the positive effects upon not just performance, but job satisfaction and motivation from providing autonomy in work based on the idea that leadership should be shared amongst the team and every consultant plays the role in the decision-making, increasing engagement, autonomy and creativity. This allows you more time to focus on strategy and of course your own billing.
This is the only way to scale your business and enable you to move and achieve your personal goals.
The more joined up thinking the more effective the team will be. To implement shared leadership successfully requires a large amount of trust, patience and letting go. In return the team will benefit in the long run, enabling your consultants to thrive and work at their full potential.
The best teams I have seen are when every member has contributed towards the team game plan. They had a shared vision and over time developed an intuitive approach to decision making; all decisions were made in the best interest of reaching team and organisational goals.
It may seem angelic to think of a leader exhibiting selfless acts and not taking any credit for the glory, but if your team think they have achieved success and believe they were entirely responsible, then you have demonstrated great leadership.
Although the idea of creating a shared vision and sharing responsibility is good leadership and should be encouraged, there is a caveat; for shared leadership to be successful it will require a strong, trusted and a talented team, it will requires recruiting the right talent and developing them. You may have to be ruthless with your decision-making.