Business owners tread a fine line between controlling and inspiring staff, and making their own unique skilled contributions. All of us fall into the trap of wanting to do the job ourselves from time to time the thoughts that follow could assist you to assess the extent to which you actually manage your business intelligently, and effectively too.
1.Who is in Charge? There are few situations where an entrepreneur can do the job themselves without other hands to help them. Coordinating the efforts of their staff to achieve their vision through leadership is a key management skill. If you are not leading then who is, and who is managing your business in effect?
2.Who Sets the Goals? Controlling a company through effective leadership involves making decisions and employing others to implement them for you. Democracy in the workplace has its place, provided that this is in the context of the business owners strategies. To manage your business profitably you must set your business course in terms of business culture, target markets, goals and budgets to mention but a few. If you do not, then do not be surprised if things do not go your way.
3.Who sets the Rules for Forecasting? Forecasting is a technique that all true leaders use to chart a course for their team, and is a critical success factor for controlling business profitably as well. An effective business owner dare not allow a staff member to set the rules for what to measure. They must be continuously involved, or else their ship may follow the wrong stars and become lost.
4.Do your Employees Know what You Expect of Them? It is never safe to assume that people intuitively know what you expect of them. Human Resource specialists have invented a whole raft of procedures for motivating, directing and even reprimanding staff. A good business coach could be handy here to make sure that you do not implement systems for the sake of the systems themselves and the salespersons commission.
5.Are you Ever-Present and Well-Informed? A good business owner is visible and up to speed. Leaving everything to managers is never nearly quite as good. When you attend your business every day and ask the right questions two important things will happen. You will be able to motivate your staff, and you will be able to check that your business is still following the course you chose.
Managing the business that you own is a full-time job, although you do not have to do it all the time. When you have systems like these in place perhaps assisted by a competent business coach - you will have time left over for the things that you really do enjoy doing yourself. When you follow this advice, you could manage your business effectively, and have enjoy it while you do.
1.Who is in Charge? There are few situations where an entrepreneur can do the job themselves without other hands to help them. Coordinating the efforts of their staff to achieve their vision through leadership is a key management skill. If you are not leading then who is, and who is managing your business in effect?
2.Who Sets the Goals? Controlling a company through effective leadership involves making decisions and employing others to implement them for you. Democracy in the workplace has its place, provided that this is in the context of the business owners strategies. To manage your business profitably you must set your business course in terms of business culture, target markets, goals and budgets to mention but a few. If you do not, then do not be surprised if things do not go your way.
3.Who sets the Rules for Forecasting? Forecasting is a technique that all true leaders use to chart a course for their team, and is a critical success factor for controlling business profitably as well. An effective business owner dare not allow a staff member to set the rules for what to measure. They must be continuously involved, or else their ship may follow the wrong stars and become lost.
4.Do your Employees Know what You Expect of Them? It is never safe to assume that people intuitively know what you expect of them. Human Resource specialists have invented a whole raft of procedures for motivating, directing and even reprimanding staff. A good business coach could be handy here to make sure that you do not implement systems for the sake of the systems themselves and the salespersons commission.
5.Are you Ever-Present and Well-Informed? A good business owner is visible and up to speed. Leaving everything to managers is never nearly quite as good. When you attend your business every day and ask the right questions two important things will happen. You will be able to motivate your staff, and you will be able to check that your business is still following the course you chose.
Managing the business that you own is a full-time job, although you do not have to do it all the time. When you have systems like these in place perhaps assisted by a competent business coach - you will have time left over for the things that you really do enjoy doing yourself. When you follow this advice, you could manage your business effectively, and have enjoy it while you do.
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