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Skills you must have to manage your business

There are particular skills that if you have them, will help you manage your business far more successfully. However, the good news is that if you don't have them, they are ways to get them. Here are some important skills you must have to manage your business-

  • The ability to plan- A successful, long-term, business has a plan, and a manager who works the plan. If you don't have a plan, the chances are quite low that you will actually succeed or even get where you want to go. If you do manage to keep your business up and running, it is most likely by luck, or chance, and is not something that you will be able to repeat. The first step is to figure out what the goals are, for your business that you want to achieve. Then you need to determine the best way to get there. You can do this be examining the following questions-
    1. What resources are available to achieve your goals? Are there additional resources you will need to acquire?
    2. What are the strengths and weaknesses of your current employees? How can you best utilize their strengths and downplay their weaknesses?
    3. What scenarios do I need to develop that will most likely help me achieve my goals?
    When you have the ability to plan, you have the ability to meet the challenges and unexpected circumstances that can arise when you are managing a business.
  • The ability to organize-The next step after developing a plan, is the ability to put the plan into motion. You can make sure that you are organized and ready to put your plan into action by asking yourself the following question-
    1. Do your employees have the resources they need to do their job? Are they prepared and well-trained?
    2. Is every aspect of the organization ready and willing to put the plan into motion?
    3. Are there any employees that need to be further trained? Does any employee need additional equipment, training or other resources?
    4. Are the raw materials available that are needed for production?
    5. Has a reasonable schedule been set up for the accomplishment of the stated goals?
    6. Does everyone understand their role achieving the plan?
  • The ability to direct-Now that you have a plan, and you are organized to put into action, now you must lead and direct. You must be not only the manager, but also the leader. However, remember that you job is to help and direct, not to complete the actual tasks. Resist the urge to micro manage, and let your well-trained and well-prepared employees do their jobs.
  • The ability to oversee-Now the plan in motion, your jobs becomes one of overseeing the process. You want to make sure that everything is following the plan. Keep in mind that when things are not going according to plan, it is your job to step in, determine the reason why they are not, and then make corrections. You must understand that no plan if flawless. Mistakes will happen, employees will get sick, materials will not arrive on time, or your plan that looked so good on paper, may not be right in the real world. Successful managers take a step back and look carefully where adjustments need to be made
. It is crucial to understand that this is ongoing and dynamic process. You must constantly be planning, organizing, directing and overseeing, the processes of your business. Successful business managers understand that they must continually be improving their skills so the end result is the success of their business.
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