Starting a Business the Right Way with 3 Business Management Tips
When starting a business, developing your entrepreneur qualities is very important to your success. Being a business owner is much different than being the smart entrepreneur. Millions of business owners pop up all over the world. However, few of them are true entrepreneurs. Below are 3 business management tips for you to follow to help your growing business.
Time Management
You should always assign a time to any conversation or activity that is important to your success. A to-do list is pointless if it is so long you are unable to work it. Shorten your to-do list into manageable pieces. Appointment books work well. Use an appointment book to fill in scheduled slots for yourself for things that are high-priority such as conversations, actions and thoughts. Have a beginning time and an ending. Discipline yourself to keep the appointments.
Batch Processes
Being an entrepreneur, you play many different roles such as a marketing manager, chief financial officer or even the office janitor. Although many business owners find these different roles to be exhilarating, shifting between each task efficiently can be challenging. For example, as a Blue Coast Savings Consultant, managing your business financings will require a different mindset as opposed to the creative mindset of marketing to draw in customers, and hopping from one mindset to the other can zap away energy and time resulting in less productivity.
Because of this, it is ideal to “batch process” groups of tasks, to finish grouped tasks that are similar all at once and stay focused while moving between each different task. For instance, if a few different projects require background research, appoint yourself a block of time for doing the research and switch into the research only mindset; then take action on the research results once you can shift yourself out of this mindset completely. By doing this, you can complete different tasks quicker and easier which leads to increased productivity and better results.
Invest in Technology
Automate processes with technology when you can to reduce manual operation that can take your focus off of value added services. Payroll and accounting software, billing, time and data entry systems are all examples of automated technology that can help streamline your small business. Investing in technology can have a significant impact on a small business’s framework and make it operate more efficiently. With a tool like the Blue Coast Savings Consultants Business Savings Assessment Tool (or BSA Tool), businesses get their own front-end business website for automatically attracting new prospects, a “Share this Page” link that enables your prospects or customers to be automatically provided with your core landing pages, a back-end Resource center and Business Savings Assessment Analysis software, a Customer Relationship Manager system to keep track of all clients under one roof and more.
For more information on starting a business and other ways to grow your small business, please contact us today.
