If you have ever wanted to be your own boss, starting a small business is one of the best ways to do it. You get to test out your own ideas, make your own products or offer services that can help the community that you serve. How can you manage your small business with confidence and authority and still be looked upon with a degree of admiration?
When managing a business, you need to be a leader. Set the example by coming in early and staying late when needed. Some employees may want someone to help them along the path of success, so be patient and understanding. Especially when employees need one-on-one training to understand a new task or software solution or when they ask for constructive criticism about their performance. Having the confidence in your fellow associates is the way to successfully manage any business, whether it be big or small.
Get Your Education
While you don’t need to be a college grad to successfully operate a business, it is in your best interest to get a formal business education. There are many online MBA schools, such as Rutgers, that can help you learn the skills you need to manage your business in a professional and effective manner. Your degree will not only help you build credibility with your employees, but it will allow you to be a better, more effective manager. Learning the basics of management in a formal setting can allow you to apply your skills and be an example to your employees.
Be a Leader, Not a Manager
Just because you have all the authority doesn’t mean that you should act like a dictator. When you operate a small business, everyone has to be treated like an equal, even if you “outrank” them. Otherwise, you will find it difficult to find the right people with the right skills to help your company grow to the next level. Ideally, you will never be outworked by your people or make them do anything that you wouldn’t be willing to do yourself. This will inspire confidence in your people, which will make it more likely that they will follow you without much effort on your part.
The difference between a great small business and one that struggles to survive is the person who is running the company. If you treat your people with respect and give them a reason to trust you, it will be easier to win over your employees, customers and investors who will be vital to your future success.
Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym.