Would you rather sell your business completely or outsource/delegate it and still be earning a passive income?

Your a founder. You built a profitable company. Big or small. You are STILL the bottleneck, and for that reason you are stuck between 2 possible outcomes: you either sell the company completely or you outsource the operations & management of your company while still being associated to it.

I mean for example I run a business and I would rather outsource the managing & operations part to someone I fully trust, in that way I can still crown myself as the Founder and earn a passive income for all my hard work.

What do founders do when they reach this point (if they even do reach it)?