What is needed to increase that bottom line may not be clear-cut, but certain skills go a long way to ensure any small business is on the right track and has what it takes to succeed.
Multi-tasking:
A manager must be able to oversee all the employees, keeping their abilities and weaknesses in mind while prioritizing multiple projects. The best managers multi-task and balance those priorities without losing productivity.
Decision-making:
The ability to evaluate and decide is crucial to being a successful manager in a small business. Small businesses are unique in that information often must be acted upon quickly, but making the right decision rapidly without making mistakes means evaluating information to weed through what is important and what isn’t. Don’t look at a situation over and over without making a decision – right or wrong – or you’ll lose sleep and probably lots of opportunities.
Leadership:
The best managers know how to get the most out of their employees while building them up in the process. That means using judicious constructive criticism instead of belittling, treating others with respect instead of my-way-or-the-highway. These are leadership traits that inspire employees to give their best.
Business Development Skills:
A manager must be able to look for areas in which the company or procedures within the company can be improved. Millennial employees are very good at seeing these things when they first start, so be open to them. Streamlining procedures and cutting costs are two ways a manager demonstrates this skill.
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