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Tips for Growing Your Small Business

Consumers have so many choices when it comes to choosing the right business for their needs. The first decision they must make is whether to go with a small or big business. Small businesses are able to focus on their mission and keep their fingers on the pulse of their customers. They are also able to offer more personal attention to their clients. But we have seen a dramatic decline in the number of small privately owned businesses these past few years.

For smaller businesses today, an important point to consider is whether they should develop an online store or website. Many experts agree that an online presence is essential for most businesses, and that there are several reasons why consumers should select a small business over a big one.

While many small companies see big companies as the enemy, their real competition is other small companies like themselves. Most big businesses already have a recognizable brand name. They also have a pretty loyal fan base. They are not worried about small operations knocking them down in sales. But other small shops must continue to fight their business counterparts to get an edge in today’s market.

Why would people choose to go with a smaller business over a larger one? Many customers enjoy the more personal and face-to-face attention they get from a small business; they’re not just talking to a voice on the end of a phone. Some people like to think that the money they’re spending is going back into the local community. You need to remember these principles when developing your website or online store.

It is increasingly straightforward for a small to medium business to establish an online presence nowadays. Successful online stores can really help small businesses increase their sales and steer their profits into the black. Before launching an online store, however, a small business first needs to learn how to make the most of its strengths.

Some small sized businesses make the mistake of using their online image as a way to appear bigger. But that image may turn away the customers they would normally attract with their usual image. Building an online image that reflects the hallmarks of a small business is important. Having an email address and phone number on your website for customers to contact you is a good way help them feel more personally connected to your business. Also consider an instant chat option with customer service representatives for your customers to receive real-time responses.

Also highlight how your small business benefits the local economy. Use your website to remind customers that you are a member of the community and that you care about it. Maybe highlight the employees to give them the “face” your customers want to see. That added personal touch is what brings in the types of people who are tired of big businesses and want better customer service.

Too many small businesses try to go bigger and better when they establish their online store or website. They lose sight of their original mission and forget about the things that people value about small business. Make sure you make good use of your business’s characteristics when establishing your online presence and don’t discard your small business image. This will help your venture online be a success.

Business Management Methods

Business Management vs. Leadership

Managing is not the same as leading. Leaders are more prone to create business models and grow businesses. A manager is more apt to oversee the created model and maintain the business’ growth. Effective management is key for maintaining future growth. Managers are the ones who keep the company running smoothly on a daily basis, as the leaders of the company are trying to take the business to a new level. Managers keep the company flowing to keep the cash flow, and in a lot of small business organizations, the leader and the manager are one in the same (autocratic). But as a business expands, in most cases, the leader must appoint a manager to keep all the other main important areas in compliance. It is the job of the leader to “lead” his manager and have an effective method in place for that manager to take and run with.

Business Management Methods

Each company possesses a certain type of style in regards to how they run their day to day operations. There are 5 well known business management methods. Today we will talk about the first of the 5 methods, Autocratic Management.

Autocratic Management

Of all the methods we will discuss, Autocratic Management is, by far, the most common methods for small businesses. With Autocratic Management, the business owner is not only the leader and the one that is responsible for the company, but also the President or CEO of the company; maintaining the role as manager. The business owner makes most, if not all, of the decisions and is ultimately the one driving and sustaining the business.

My Advice to Autocratic Managers: Autocratic business management should not be a long term type of method that you have in place. Autocratic methods can stunt growth if they stay in place too long. For increased growth, it’s key to find the best transitional type of management style that meets your businesses culture. But before transitioning to one of the methods we will be discussing in the weeks to come, make sure you have properly mastered Leadership Skills #4 & #5 (if you want to learn more about these leadership skills, visit my blog). Without the ability to duplicate yourself and delegate roles successfully, transitioning to a new type of business management method may lead your company towards failure.

The Importance Of Time Management In Business Management

ime is an essential part of business management. It is one of the most important resources for you and the people within your team or organization. Together, time management can help propel an organization to success while providing business management a tool to also improve in this essential skill to have.

For most people time management is as great as having an alarm clock to get up. Zig Ziglar says that it should be called an opportunity clock, as it gives us an opportunity to get up! An alarm clock is as far as time management goes for most people, even in business management.

With 24 hours in a day, we have a large amount of time and it is easy to look at that and not see the essentials for managing time. You see even with an hour gone by, so much more could have been accomplished.

While waiting the whole week to complete so a project could be completed, correct time skills could have helped complete the project in the day or even the hour! And how is that for business management!

Time management is a vital skill for both business management to run the organization and for themselves personally as knowing effective skills in time management enables you to become a very valuable person.

Bill Gates has as much time as you have, so there is so much more that can be done. Though not many people strive to reach such a lofty place or goal, in business management, time is a resource that is essential for any kind of success.

We have skills in management, and more we add to those skills, the more effective we become and so do the results we produce.

Is it feasible to say that your range of skills, enhanced, can enable you to be twice as effective, five times as effective or even 10 times as effective? You bet you, and this is the benefits of learning good time management strategies and skills.

To learn time skills, there are books, training programs, seminars and DVD’s as well as other training material options that can enable you to increase your time skills. If you are in business management and studied business, you likely did not learn these skills and the learning is something that has to be done by you.