Monday, July 5, 2010

Management and Leadership: Keys to Starting a Small Business

Leading or following?

When we think of leadership, we usually think of two things. Doing the leading or doing the following. If you are starting up your own small business, the leadership qualities you contain or obtain will be very crucial to the success of your small business. Personally I don't feel that anything will last long or succeed without strong leadership.

Why should I be concerned with leadership style?

When leading employees within your small business, your hope is eventually turning the leadership qualities, which you have passed onto your employees into future sales. This is very important and can be the difference between failing and succeeding.

Where do I begin?

You must conquer the small disciples of your leadership abilities. You have to become intone with yourself and your leadership qualities. Start out small while savoring the moments of your triumphs and as you gain momentum, you can partake into even larger projects. You will be a shining example to not only your employees but to those around you. In leadership, it is important that you show as opposed to simply telling. Do your job effectively and gain credibility and reverence from those that are following.

Leadership is not taught, leadership is caught. You can follow some great leadership techniques of some past mentors or you can read books or even search the internet with the keyword “leadership skills”. All of these combined will contain great tips for you to implement into your leadership style, which should be ever growing and evolving.

Life does throw some huge challenges to every one at one point but if you have not paid attention to the basics you won’t stand a chance with the bigger obstacles you will face. Whether it’s staring your own small business or otherwise. Embrace your ideas and talent and realize what your weaknesses are. In order to be overall successful, you must realize what your weak points are. You must come to the pinnacle of realizing what you can do to work through your weaknesses while overcoming these challenges. Surrounding yourself with people that complement your knowledge and skill set is one of the most important principles to practice in business.

Be open to learn

Your goal should be to develop new skills. Always be open to new, creative and innovating modern techniques. This will in return prove beneficial in running your small business as well as future income. Some business owners forget that the quality of their business will never exceed their personal development. Make sure you concentrate on both of these aspects. As a leader/manager, you must accept responsibility whether bad or good for your personal development. When your employees or others around you view this, they very well might notice new ways of t thinking or ways they handle your customers. As a leader, you should always strive to be better while setting great leadership examples for leading your employees.

Leading vs. management

Leading is all about strategy while focusing on the overall picture. As a leader, you are leading your employees into the future. Management is more of a tactical technique. Management consists of how you and your business will operate on a daily basis while producing great products or services. Consistent growth of small business is about development great management skills.

Management skills should be created through a process for achieving the services and products you want consumers to purchase. Ensure that your employees can flourish with your small business. Give them incentives, which will in return improve the morale of your employees and statistically speaking, happy employees perform much better within the workplace. Create a positive and team oriented environment and make sure your employees understand their importance to the company.

Focus on the hiring process

You need to write how you will create this process for your small business. You do not want the doors to become a revolving door for a rotation of ever changing employees. You should invest some time in managing the hiring process for your small business. Create job descriptions with high expectations along with strategies to implement the job descriptions and this will lead to having a successful small business.
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