Small business management does not mean simply getting things done. Every entrepreneur must understand his/her managerial role in order to be successful. The following concepts are timely in acting as a catalyst towards structuring a base for profitability.
Planning
This simply means deciding in advance, what to do, how to do it, who to do it and when it should be done. It is therefore entails business objectives, strategies, responsibility and the time available for that particular activity.
Organizing
A good organizer identifies and defines what is to be done. He/she goes further to break the work into duties and assigning them to responsible individuals
Staffing
This involves determining the human resource needs of your business, identifying and acquiring the people with skills and right numbers. The manager should therefore know what is to be done and who can do it.
Directing
Directing means leading. All good managers lead by example. They direct their efforts towards accomplishing the goals of the business.
Controlling
This involves comparing the results with the projected outcomes to find out if there are any deviations. The proper action is then taken thereafter.
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