Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

How To Manage Your Business More Effectively

 

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Managing a business is hard work. It can be frustrating and stressful when things are not going as you had planned. When figuring out how to run your business, make sure everything you do saves you time or money and helps the business grow.

Whether you run the business and work on your own, or manage other people, these tips can help you figure out how to let go of the stress and run your business more effectively.

Review to Figure Out What the Problem is.

The first step to fixing a problem is identifying what the problem is. Take a bit to sit back and reflect on how things are going, both what is going well and what is not going well. Make a list with two columns and write what is going well  in one and what is not going well in the other.  Then identify something in the latter column that seems solvable and  figure out how you can fix it.

Make a Plan to Fix It.

Once you have figured out what the problem is, make a plan to fix it. Identify what you are going to do differently and figure out how you can do it. Once you have a plan, write out the steps you need to take to get there. Check in periodically to see how things are going. If you identified more than one problem, fix one at a time or you will become overwhelmed.

Manage Your Time Effectively.

Get a calendar or a planner and write down everything you need to do. When you are scheduling phone calls or meetings with others, leave yourself plenty of time instead of cramming everything in. If you need to travel to your meetings, give yourself plenty of travel time. In fact, you should give yourself extra time in case there is traffic or other delays. You might also want to block off daily time for you to be in the office or at your computer to catch up.

Use Resources to Save Time or Money.

It might be a good idea to invest in equipment or people that can help you save time or money in the long run. If you have a lot of phone calls to make for following up and checking in with clients, you might want to hire someone to make them for you. You can also use computer programs to help you save time and money. Templafy is a software that can help you create on-brand documents more efficiently. While it is sometimes difficult to spend money, it might be the best thing for managing your business and getting people to recognize your professionalism.

Promote a Positive Environment

Creating a positive environment will not only help you feel happier and less stressed, but your customers will notice it too. It is natural that people want to be around happy people. Promoting a positive environment can be as simple as reminding yourself that today is going to be a good day, being supportive of employees, or smiling often.

Learn from Your Mistakes.

Sometimes it can be really difficult to admit your mistakes, but we all make them. In fact, it is what helps us grow as people. You can grow as a business manager by learning from your mistakes and doing your best to refrain from making them again. You can learn and do something differently the next time you are presented with the same situation. It can be a great growing experience, but will also help you to have a more positive attitude when something goes wrong.

Don’t get discouraged if things are not going well. It is important to reflect on what you can do to improve the situation. You cannot expect things to go well all the time, so do your best to learn from your mistakes.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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