6 Tips on Running a Business

So, do you want to be a good manager for your business? It's time to learn how to run a business with six Business Guide tips. Check out the actions that should be a commitment of the entrepreneur in their day to day.

1. Do not be surprised by internal or external scenarios

And suddenly the dollar skyrocketed, inflation ran out of control, two employees got sick at the same time, a supplier failed with you, there was a stock break, 20% of customers did not pay on the day, light bill rose from It was scary and you did not expect any of it.

In a company, unforeseen events also happen, but they should not catch you by surprise. If you ask yourself how, the answer is planning.

You can not interfere in the movements of the economic scenario, as well as in everything that goes beyond the walls of the company. But it can change the way you prepare, how you try to avoid, and how you react to those situations.

In short, you need to know Business Guide exactly what to do, have a letter up its sleeve, a well-defined strategy. It is with a preventive and non-reactive attitude that an administrator contributes positively to the results of the business.

2. Engage in financial management

There is no chance of success in running a business without dedicating itself to financial control. Keep in mind that everything revolves around this in management, for good or for bad.

When expenses and revenues are accurately recorded and monitored, the entrepreneur has knowledge about the financial reality of the business, as well as clear subsidies for decision making.

Otherwise, in addition to facing cash difficulties, you can rely on misleading results to define your actions. Have you thought about committing to long-term financing without considering the need for cost containment projected for the coming months? It would be difficult to survive in this scenario.

3. Learn to deal with the competition

You are not alone in the market. According to the activity that it carries out, there are also a number of other companies disputing the same client. Knowing how to run a business is also to understand what you can and cannot do as a competitive coping strategy.

The first lesson is never to go into price war. A competent manager knows that this is a kind of suicidal action because too low a price simply ends his profit margin. And you did not open a company to do charity, did you?

The smartest way to deal with competition is to study the market, assess its possibilities and position itself with a competitive edge. It is necessary to look for something that makes it unique and put it to advantage. And this goes far beyond the price, since it can go through the service, quality of products or services and other ways to add value to the customer.

4. Invest in internal communication

Everyone in the company needs to speak the same language without exception. After all, how do you manage a company with internal conflicts, mismatched information, noises that come to your customers and hamper your relationship with them? Hard to survive like that, is not it?

The use of internal communication tools in the company is able to stimulate the engagement of the teams from the motivation. By awakening in the collaborator, the real notion about his role in the company, he becomes more participatory and more productive, contributing even to the proposal of solutions focused on creativity and innovation.

If you want to be a good administrator, learn to listen to those who work with you. Otherwise, results different from those you would like will end up appearing in your daily life, mainly related to the company image.

5. Alie productivity and quality

You have certainly heard that productivity is one of the secrets of successful companies. After all, doing more in less time, consuming less human and material resources, is the ideal scenario to grow sustainably. But at what cost?

It is fundamental that the administrator can offer the teams a quality environment, pleasant to work and at the same time stimulating for the development of tasks.

In some cases, this entails adopting remote labor if the activity allows. In others, use tools that allow better management of time and make the journey more productive, without affecting the well-being of employees.

6. Integrate processes in the company

Even if your company is small, you cannot count on luck in the day to day. It is necessary to ensure that all areas are integrated and aligned, even if there is only one responsible for them and not a team dedicated to each task.

The best example of this is in sales. Whenever a business is closed, involving product or service, this generates information to the financier. When we talk about the sale of a commodity, there is also a stock alert. And if that requires a new purchase, the one responsible for it also needs to be triggered.

The question to be answered is: how to ensure that information on that sale transits through all these sectors efficiently and quickly? You need to use an online management system because it is able to automate the whole process, ensuring the tranquility of the administrator.

Posted on June 13, 2018 at 02:52 PM

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