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Seven Tips To Run Your Small Business

April 22, 2014 by cl-admin

small businessEven those who have got distinctive leadership traits weren’t born that way. It is just that they picked the tricks faster than others. In this article, let me flatly summarise for you seven tried and tested tips of management.

  1. Put down, if necessary in writing, what you precisely expect of your workforce. Ensure that you provide them with a to-do list for each week; one that you dutifully review for figuring out success or failure.
  2. Discuss your business plan with your employees. Let this plan delineate your short/mid/long term strategies. If possible, ask your employees to have a vision board for themselves. It shall work as an individual signpost for reference as well as a tool to judge just how much in sync is an employee with the company’s vision.
  3. Figure out the pattern in your employees’ mistakes. Look forward to rectifying mistakes as soon as you can catch the pattern. Fortnightly review should help your cause.
  4. Work towards comprehensive reporting. Just as you give negative feedback and a good bit of chiding for lackadaisical work, ensure that you do not only reward good work but also acknowledge it publicly.
  5. Behave just as you expect your team to behave. Assuming leadership role is about imparting powerful behavioural traits to your employees. This is best attained when you put yourself up as a role model worthy of being emulated.
  6. Listen to your customers as well as your employees. Establish feedback loops and keep track of employee as well as customer sentiment.
  7. A productive team environment is built around genuine love. If you inculcate the spirit of love in your employees, you will have a team free of conflicts and struggles.

If you already swear by these tips, your small business must be prospering with each passing day.

Filed Under: Feature Tagged With: buying a business

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