Four Secrets To Managing A Successful Business
A good manager keeps employees in line and keeps the business running smoothly. Study these secrets that managers have come to learn to excel in your position.
1. Hire Wisely
Make sure that you hire people who help the company. Write down your business goals. What do you need in a new hire to help fulfill those goals? Look into their traits. Do they exude characteristics that will help the company succeed? Will they get projects done without having to be babysat? Are they good management material if the need ever rises?
New hires can bring new ideas into the workplace, keeping it modern and efficient. Encourage new ideas and an open environment for sharing thoughts.
2. Foster Friendship
A friendly work environment is much nicer to work in, but it can be hard to develop friendships at work. When coworkers come to care about each other in a platonic way, they are more willing to help one another and increase company morale. They cover for sick coworkers and find a reason to come to work early and stay late.
Foster good work relationships by hosting outside activities. Let people go out as pairs to find new clients and hold get-togethers. Company picnics and events go a long way in helping employees feel comfortable with one another. This can translate into them feeling more comfortable with clients and being more thoughtful and helpful. Employees have feelings, so do what you can to bring good emotions into their lives.
3. Make Good Choices
Take the time to make important business decisions. A good leader is thoughtful and reflective rather than compulsive. Recently, the boss of a company fired most of his employees because he did not think the store was getting the results it should. Rather than looking at the product or manager, he blamed it on the employees and in a fit of rage, fired what was keeping his business running. It took him months to bring in new hires that knew what they were doing. Revenue took a huge hit for the year, and he learned his lesson.
If you are in an emotional or emergency state, wait to make decisions that affect the whole company. Be patient and precise in choices that could change people's lives.
4. Be Consistent
There is a reason they say that no matter what you do as a parent, remaining consistent is the most important thing you can do. Whether you are a strict parent or a more lenient, forgiving one, if you stay consistent, you are more likely to develop good relationships with your children and turn out winners into society.
Problems come when you change your techniques from child to child or from one situation to the next. Some may feel that each child is unique enough to be given their own, tailored consequences. Think again.
When one kid is allowed to get away with certain things because they are very sensitive, the other siblings start to resent them for it. And when you let things go because you are not in the mood to discipline, your children learn that they can manipulate you. Consistency is a key to parental success as it is a key to business success.
Make sure that all business locations are run the same and that employees are compensated the same. Employees doing similar jobs should earn the same wages. The timing of deliveries and everything else should be standardized. Look into ways you can make your company more standardized. Be consistent in your priorities and principles. If your saying is to always say, "yes" to clients, then live up to that saying no matter what comes up.
So hire employees wisely, foster friendships, take time to make decisions, and be consistent to maintain a prosperous business.