I'm still caught in the day to day too much.
The first thing you can (should) do is note every single task you do. Every single one.
The ones which you do repeatedly and don't directly affect your bottom line are the ones you need to focus on to either 1.) minimize, 2.) delegate, or 3.) cut out altogether.
Next, focus on the ones which are menial, but matter. Same process. Track, reduce, and/or eliminate.
Next, focus on those tasks which are more critical and likely could bottleneck your business if gone uncompleted, but still not necessarily requiring you're hand. At this stage, removal is unlikely, so delegation is more likely the best bet. It may also require in-house hiring, or at least a contractor/VA.
Finally, hiring managers to oversee just below you would be the next step. These are the tasks which require some type of specialization, training, or brand-type knowledge exclusive to your business.
When you're at this point, you speak to the managers mostly. Don't disregard the rest, but utilize your time growing the top of your funnel, or driving margins to your favor.
Disclaimer: depending on type of business, MMV.