A small business manager has limited resources, major time pressures and a vast number of “balls to keep in the air”. It’s far more difficult managing a small business with 20 employees than managing the same number in a large business. The principles may be the same. But the practice is quite different.ExposureAs a small business manager, you’re far more exposed than your big business counterpart. Your behaviour is readily observable. If you don’t “do what you say” almost everyone knows. Be composed and positive no matter how worried you feel.Staff RelianceAs a small business manager you depend on your staff entirely. If your staff miss deadlines, upset customers or simply do shoddy work, you’re often left to “sort it out”. Try to anticipate problems before they occur and teach your staff to do the same. Resolve staff differences very quickly. Have plans in place so that unexpected staff absences aren’t too disruptive.Management Co-operationYour management team must co-operate very closely. Small business is no place for “turf wars”. When staff observe friction between small business managers morale plummets quickly. All managers must ultimately agree on business philosophy and systems and be seen to do so by staff.Staff VersatilitySmall business can’t afford many staff who are narrow specialists. Tradespeople must also be salespeople. Accountants must be competent in customer service. Drivers must be schedulers. Look for staff who are willing to help outside their specialist areas and who enjoy variety in their work.Instructions and SystemsManagers have lots of demands on their time merely because the business is small. To get maximum value for effort you must give very clear and accurate instructions. Develop and implement systems that staff can use effectively to enable them to succeed with minimum management help.InformalityYou may be a Vice President or a Director. But you can’t expect much formal recognition of your status as you would in a large business. Flexibility and adaptability are features of successful small business. There’s no time for acknowledging status or “standing on ceremony”.LivelihoodYour employees depend for their livelihood on the success of the business. If the business fails, they’re out of a job. They can’t “transfer to another department” as in big business. And because the business is small, it’s more vulnerable to market forces. Let staff know that you acknowledge these concerns and ensure they understand what you’re doing and why.ConclusionAs a small business manager you already know that good people management is essential. But because your business is small, your staff can “make or break it” more readily than in large business. Keep them well informed, establish good and workable systems, give them genuinely rewarding work and responsibility and they’ll respond positively. But don’t expect to learn about how to do it in the formal courses and books.
How many home based business opportunities are available to you? If you want to make money online at home, you really have many options to choose from. The big question is – which one will give you the biggest chance of success? Is there a ‘one size fits all’ answer? The simple truth is that not every opportunity is right for everyone, and not every opportunity will bring you the greatest amount of profit.
So, what are some home business ideas that can make money online for you? The quick and dirty answer is: the one that best suits your particular set of needs. Make a list of your priorities, including a high income; a low-risk schedule; freedom; flexibility; work-life balance; independence; something in your range of skills and expertise; and interesting work that you have an interest in… You can take this list with you and talk to people who are working from home on the same things that you would be considering. Chances are that you will find some great niches that fit your standards and your desires.
But what if you want to get started right away? It’s easy to think that you can jump into a new business idea and be successful immediately, but this often isn’t the case. It takes many different things to make sure that you will be able to get through the hurdles and actually make it to a point where you are seeing profit. If you don’t work at it slowly, you will be setting yourself up for failure. Here’s the lowdown on some different things that you should consider as you create your own business idea:
First, you need to think about what you have to offer. If you don’t have any ideas as to what to do as a freelance writer, a lowdown on finding a niche is very important. Many beginners go into this completely clueless. But if you know that you have a skill that others are desperately seeking, you may be able to provide them with the service they are looking for without having to spend much time building up a website or getting traffic to it.
Another thing to consider is what kinds of products or services would best fit a niche that you would like to get started in. In this case, the lowdown on finding the best business idea for you would include taking a look at what you love to do and what you can offer others. If writing is not your strongest point, but you love to get creative, consider freelance data entry. Freelance data entry does not require a lot of startup capital, but you still need to have the skills that will allow you to be successful in this area. The best lowdown on finding the best business idea for you is to simply start looking at what you like to do and what you can offer others.
There are many other areas of freelance writing that you can explore in order to make the most out of your home based online business. Freelance writers are in high demand online. If you have the skills that are needed to do well in this field, there is no reason that you should not be able to find a great home-based online business that will give you the income that you want.