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Lessons From Lincoln
Meet the Wellness Brand Transforming the Mushroom Industry
3. The Unsolved Mystery of the Exploding Teeth 4. Mastering Management and Mentorship
SUCCESS SECRETS FOR SMALL BUSINESSES Leadership for Lasting Growth
Step back to step up. You may carry multiple responsibilities as a small-business owner. While you still have the ultimate say in how your business operates, successful owners and managers understand and embrace the importance of identifying their weaknesses and allowing others to carry those weights. Be open to ideas that may challenge your direction and welcome suggestions from qualified individuals on strengthening and streamlining your in-house processes. No one wants to work for a tyrant, and true leaders hold themselves and others accountable if their decisions are not in the best interest of the business’s long-term goals and survival.
Running a successful small business requires a wide range of skills that would typically be spread across multiple roles at a larger company. When you’re at the helm, it can sometimes feel like you’re doing everything by yourself, all at once, which can have a devastating long-term effect on the business’s profitability and productivity — and your abilities to grow as a leader. Here are three proven strategies for effective management to help you address everything from employee turnover to feelings of burnout. Avoid the micromanagement maze. Tracking employees’ productivity is essential to your business’s health, but micromanaging can stifle your team’s ability to think creatively and work independently. Loosening the reigns now and then may help you discover a hidden talent within your organization
whose perspectives and way of working offer a fresh perspective on reaching and maintaining in-house goals. Of course, welcoming employee feedback on the effectiveness of your productivity tracking is also critical, as it allows you to identify frustrations within your team before they lead to high turnover.
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