Management Tips for Small Business Owners

When you first started your small business, you spent all of your time in the business as there was a lot of effort involved in just getting things moving. As a result of your hard work, your business is growing up and getting busier. This is the most critical time. It is the time to find the right person to run your business, in order to allow you to stop being the fire-fighter. You have a new role now: To put processes and procedures in place (to prevent fires), network, delegate, organize regular staff meetings, make job descriptions, set key performance indicators (KPIs), employ, outsource, etc.

Operating procedures are an absolute must in any business. It tells everybody what is needed and how it is to be done.

Networking is valuable to you as there are many new business owners going through the same growing pains as you. Share your experience and gain tips to try in your own business.

It’s not easy to learn how to delegate. Once you have learnt the art of delegation, you will feel relieved from the pressure.

Meet with your managers and supervisors on a regular basis. Allow them to bring things to the table (even if you think there is nothing to talk about).

Job descriptions are very important to give all staff position descriptions which indicate the boundaries of their work and responsibilities.

Key performance indicators (KPIs) are a great way to have all team members heading in the same direction.

It is very important that you take the time to employ the right person for each position. If you make the right decision it will make your work-life easier and pleasant.

Outsource some things in your business that just take up too much of your time. You may think that it is cheaper to do it yourself, but think that if you didn’t have to do this task, you would be able to spend your time generating more revenue for the business.

Try the above and you will be back to building your business (not working in your business). 

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