Small Business Management Code: Unlocking the Secret to Profit Making (ebook)

Description

Management as an art and science of managing and allocating business resources is an engine that runs businesses and enables them to reach their full potential. Effective management as an art can be learned, practiced and improved. It involves the coordination and organization of business activities that lead to sustainably profitable businesses. 

Business owners and managers determine what the objectives of the business should be. Always encourage continuous improvement among your employees. Watch and observe the performance of your employees and appropriately affirm or redirect your employees when they make mistakes. Never leave performance to chance. Be consistent and predictable about the way you approach performance and this will help your employees to understand your standards for perform expectations. Make it your business to recognise good performance in front of all your employees. Study labour laws governing your country and how they impact on your business establishment.

How your business will be operated or managed will have a profound effect on its efficiency, productivity, and profitability.

Business operations affect areas such as human resources, finances, and pricing of products and services. Business operations also affect areas such as service and customer satisfaction management, marketing of the business, and the selling of products and services. Your business operation is the pillar and heart of your business. If it fails to function or malfunctions, your whole business will collapse.

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