To successfully conduct a commercial business, you must first know how to manage a business . Because this is the basics, fundamental knowledge about business.
Business management is a multifaceted process, a special mechanism, including:
- goal setting,
- sales system,
- organization of department management,
- organizational structure of departments in the company,
- work with personnel
- profit/loss planning ,
- company automation,
- communication – with customers, within the company,
- forecasting and other aspects.
General task of effective managementIt is subdivided into separate components that act together and give the desired result. These are groups of assets that require proper management in almost any business:
- creation of a trademark, trade name, as well as the management of such assets;
- personnel management;
- determination of the corporate management structure, distribution of the terms of reference, duties of employees;
- management of financial flows;
- client group management;
- management of advertising, marketing;
- corporate culture management;
- innovation management;
- creation, management of corporate Internet resources.
To successfully manage a business, you must adhere to certain rules.
It’s good to know your business and the people you work with. You need to have a thorough knowledge of your business sector, i.e. understand thoroughly the processes by which you generally earn money.
This clearly goes beyond the special ability to read the income statement with a smart look. Those who have comprehended all the wisdom of their own business are aware not only of its essence, but also of its pitfalls and possible risks.
Knowing your people in today’s challenging economy is just as important as knowing your own business. A rigorous assessment of the recruited personnel, objective and working feedback is required.
Feeling of realism. Sometimes novice businessmen see everything in a rosy light, and therefore their plans and steps differ greatly from the reality of real entrepreneurship, the surrounding reality.
Therefore, a businessman should always be adequate to the situation and not remove his hand from the “alarm” button.
A good manager is not content with dry reporting. He collects related reliable information, various data, analyzes facts and events.
Clearly know your business goals and priorities , be able to distribute control points, tasks, responsibilities.
Systematic control of the executive process. This ensures that the intended route is followed and the assigned tasks are completed. The manager must be aware of all advanced events in the company.
Timely awareness helps to prevent deviations from planned activities.
To be able not only to punish, but also to encourage employees. The criterion for awarding should be a really positive result, and not dubious achievements.
Responsibility for the distribution of incentive measures lies entirely with the manager. Even if he delegated (assigned) these powers to other employees.
Timely develop skills, abilities, improve the skills of employees. Personnel must meet the requirements of the time, have modern skills, knowledge and skills necessary for the most effective performance of their duties.
And, of course, in order to effectively manage a business , you need to know yourself well and your capabilities. Therefore, it is also necessary to engage in self-development, raising the level of one’s education.