How to manage a small business
Having reached the point of launching a business, doubts about how to run a company will be numerous and on many topics. But what does it take to run a business and what are the consequences for the person? What skills and competences do you have to be a good director? What kind of leader are you? Below you will find the answers to these and other questions that will help you to be clearer than you should have to manage and manage a Small Business.
Managing involves making decisions. How do you know if the decision you make is correct? But … how to run a business if you do not have experience? There are different types of decisions in the organization depending on the hierarchical level. However, although any decision-making process is made up of a series of basic steps, most new entrepreneurs are assailed by doubts about how to make decisions that are right.
Being an entrepreneur does not explicitly imply being a leader. Entrepreneurship and leadership are two concepts that can easily be confused. But in reality they are different although both share the need for the person to have developed his initiative competence.
Driving involves acquiring responsibilities that can sometimes overflow. The burdens of leadership for the entrepreneur can lead to the emergence of one of the most common occupational hazards: stress. Knowing how to combat it is a competition that you must develop to manage your business day by day, dealing with unexpected events and leading teams.
But what competencies should the manager have? General management skills encompass the knowledge and skills that the leading entrepreneur and manager must possess. But in addition, there are three types of managerial skills that must be mastered to be successful.
To understand how to run a company, a very important part of your job will be to coordinate and lead work teams. It is therefore important to know the characteristics of the leader as well. A leader is not a boss whose primary function is to command. The true leader motivates his workers and collaborators and helps these people to make the best of them. Being a leader does not have a unique formula and applicable to all SMEs and organizations, but the essence of leadership must always be present to get better teams.
The truth is that there is not a single type of leader and that not all organizations are equal, so that different types of leadership are observed. Depending on your style of leadership, you may be, for example, an authoritarian leader, a democratic leader or a transformational leader.