5 answers
chrician
Student
Cape Town, Western Cape, South Africa
1
Question
5 answers
Marty Meyer
General Manager
56
Answers
Los Angeles, California
Updated
Marty’s Answer
There are three things that are manageable - people, time , money. If you understand your business, hire well, trust your instincts, keep expanding your knowledge, manage your income and expenditures, you'll have a good start to a profitable business. Good luck -
L D
Manager
36
Answers
Killona, LA
Updated
L’s Answer
Chrician,
Managing a business can be challenging, but it can be simplified when you focus on these four key concepts.
PURPOSE AND GOALS:
First, you need to know what your business does and what goals you're aiming for. This is your foundation. So decide what your business is about, what problem you're solving, and for whom you are solving it for. Set small goals that are attainable and scalable to keep you motivated. For example, “I want to gain 50 new customers in the next 3 months”. Once you reach this goal, you can set another one, such as “100 customers in the next 3 months”. If the goal was too easy, you can adjust the goal to be more challenging next time.
MARKETING:
Second, you need to find customers and show them why your product or service is worth it. Create a simple pitch that explains how your product or service helps them. Use social media, word-of-mouth, or local events to spread the word. Focus on building trust with customers and establishing your reputation as the best. Once you have obtained some customers, understand what they like about your business and what they don’t like about it. Always look for ways to improve by listening to feedback from your customers to make your business better over time.
FINANCE AND OPERATIONS:
Third, you need to focus on the finance and operations of the business. Keep track of your money so you understand your income and expenses, and don’t run into financial trouble later on. Money management is key. Keep records of what you earn and what you spend. Use tools like Excel, QuickBooks, or SAP to track finances. Separate personal and business accounts to stay organized. Review your budget regularly so you’re not caught off guard. Try to find the bugs in the business operations and inefficiencies of the business processes. Organize your team, tools, and schedule to make sure everything runs smoothly. This includes setting up systems for tasks like inventory, scheduling, and communication. Use tools like Google Calendar, Microsoft Teams, or Notion to stay on top of things. If you have a team, define roles clearly so everyone knows what they’re responsible for.
OPTIMIZE AND IMPROVE:
Always look for ways to get better. Ask customers for feedback and actually use it. Watch what competitors are doing and learn from them. Try new ideas, test them, and keep what works. Improvement is ongoing—it’s what keeps your business growing. This will help you establish and maintain a competitive edge against your competitors.
Managing a business can be challenging, but it can be simplified when you focus on these four key concepts.
PURPOSE AND GOALS:
First, you need to know what your business does and what goals you're aiming for. This is your foundation. So decide what your business is about, what problem you're solving, and for whom you are solving it for. Set small goals that are attainable and scalable to keep you motivated. For example, “I want to gain 50 new customers in the next 3 months”. Once you reach this goal, you can set another one, such as “100 customers in the next 3 months”. If the goal was too easy, you can adjust the goal to be more challenging next time.
MARKETING:
Second, you need to find customers and show them why your product or service is worth it. Create a simple pitch that explains how your product or service helps them. Use social media, word-of-mouth, or local events to spread the word. Focus on building trust with customers and establishing your reputation as the best. Once you have obtained some customers, understand what they like about your business and what they don’t like about it. Always look for ways to improve by listening to feedback from your customers to make your business better over time.
FINANCE AND OPERATIONS:
Third, you need to focus on the finance and operations of the business. Keep track of your money so you understand your income and expenses, and don’t run into financial trouble later on. Money management is key. Keep records of what you earn and what you spend. Use tools like Excel, QuickBooks, or SAP to track finances. Separate personal and business accounts to stay organized. Review your budget regularly so you’re not caught off guard. Try to find the bugs in the business operations and inefficiencies of the business processes. Organize your team, tools, and schedule to make sure everything runs smoothly. This includes setting up systems for tasks like inventory, scheduling, and communication. Use tools like Google Calendar, Microsoft Teams, or Notion to stay on top of things. If you have a team, define roles clearly so everyone knows what they’re responsible for.
OPTIMIZE AND IMPROVE:
Always look for ways to get better. Ask customers for feedback and actually use it. Watch what competitors are doing and learn from them. Try new ideas, test them, and keep what works. Improvement is ongoing—it’s what keeps your business growing. This will help you establish and maintain a competitive edge against your competitors.
Arush Anand
Associate Architect
20
Answers
Bengaluru, Karnataka, India
Updated
Arush’s Answer
Hi Chrician,
Managing a business can feel overwhelming at first, but when you break it into structured areas, it becomes much clearer. Whether you’re running a small startup, a freelance service, or a larger company, the same principles apply. Here’s a roadmap you can use:
1. Get Clear on Your Vision & Goals
Define why you’re running this business (profit, passion, impact, freedom?).
Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound).
Write down both short-term (next 6–12 months) and long-term (3–5 years) objectives.
2. Understand Finances
Track income, expenses, and profit from the start (use tools like QuickBooks, Zoho Books, or even Excel).
Separate personal and business finances (open a business account).
Create a simple budget and check cash flow regularly—this keeps surprises away.
3. Build and Manage Your Team (if you have one)
Hire based on skills and cultural fit.
Delegate tasks (don’t try to do everything yourself).
Provide feedback, set expectations, and keep communication open.
4. Focus on Customers
Identify your target audience clearly.
Listen to feedback—improve products or services based on what people actually need.
Prioritize customer experience: happy customers bring referrals.
5. Operations & Productivity
Standardize workflows—write down “how things get done.”
Use tools like Trello, Notion, or Asana to stay organized.
Automate repetitive tasks (invoicing, emails, scheduling).
6. Marketing & Growth
Build an online presence (website, social media, Google Business profile).
Use simple marketing channels at first—social media, word-of-mouth, or local ads.
Track what’s working and double down on those strategies.
7. Compliance & Legal
Register your business properly (sole proprietorship, LLC, Pvt Ltd, etc.—depends on your country).
Stay on top of taxes, licenses, and regulations.
Protect your brand (trademark, contracts, agreements).
8. Self-Management
Time management is key—set routines and avoid burnout.
Keep learning (business books, podcasts, mentorships).
Network with other business owners—you’ll learn faster by sharing experiences.
✅ The big picture:
Managing a business = balancing people, processes, and profits. Start small, track everything, and focus on solving real problems for customers.
Regards,
Arush
Managing a business can feel overwhelming at first, but when you break it into structured areas, it becomes much clearer. Whether you’re running a small startup, a freelance service, or a larger company, the same principles apply. Here’s a roadmap you can use:
1. Get Clear on Your Vision & Goals
Define why you’re running this business (profit, passion, impact, freedom?).
Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound).
Write down both short-term (next 6–12 months) and long-term (3–5 years) objectives.
2. Understand Finances
Track income, expenses, and profit from the start (use tools like QuickBooks, Zoho Books, or even Excel).
Separate personal and business finances (open a business account).
Create a simple budget and check cash flow regularly—this keeps surprises away.
3. Build and Manage Your Team (if you have one)
Hire based on skills and cultural fit.
Delegate tasks (don’t try to do everything yourself).
Provide feedback, set expectations, and keep communication open.
4. Focus on Customers
Identify your target audience clearly.
Listen to feedback—improve products or services based on what people actually need.
Prioritize customer experience: happy customers bring referrals.
5. Operations & Productivity
Standardize workflows—write down “how things get done.”
Use tools like Trello, Notion, or Asana to stay organized.
Automate repetitive tasks (invoicing, emails, scheduling).
6. Marketing & Growth
Build an online presence (website, social media, Google Business profile).
Use simple marketing channels at first—social media, word-of-mouth, or local ads.
Track what’s working and double down on those strategies.
7. Compliance & Legal
Register your business properly (sole proprietorship, LLC, Pvt Ltd, etc.—depends on your country).
Stay on top of taxes, licenses, and regulations.
Protect your brand (trademark, contracts, agreements).
8. Self-Management
Time management is key—set routines and avoid burnout.
Keep learning (business books, podcasts, mentorships).
Network with other business owners—you’ll learn faster by sharing experiences.
✅ The big picture:
Managing a business = balancing people, processes, and profits. Start small, track everything, and focus on solving real problems for customers.
Regards,
Arush
James Constantine Frangos
SOFTWARE ENGINEER SINCE 1972; NUTRITIONIST SINCE 1976.
7094
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Good Day Crician!
HOW TO MANAGE BUSINESS
① Priority One
To the Manager the Business is very important.
② Supply And Demand
Increase the Supply of Resources until they equal Demand.
③ Run Sample Trials
Use low expenditure exploratory ventures to test a protocol.
④ Consultants Can Help
Put your business on the dynamometer to test its earning potential.
⑤ Treat People Like Customers Very Well Indeed - They Are Special!
Look After Their Interests With Service Fit For a King or a Queen.
⑥ Aim For Continuous Quality Improvement [Good → Better → Best]
⑦ Leave Behind A Legacy That People Will Talk About!
GOD BLESS!
HOW TO MANAGE BUSINESS
① Priority One
To the Manager the Business is very important.
② Supply And Demand
Increase the Supply of Resources until they equal Demand.
③ Run Sample Trials
Use low expenditure exploratory ventures to test a protocol.
④ Consultants Can Help
Put your business on the dynamometer to test its earning potential.
⑤ Treat People Like Customers Very Well Indeed - They Are Special!
Look After Their Interests With Service Fit For a King or a Queen.
⑥ Aim For Continuous Quality Improvement [Good → Better → Best]
⑦ Leave Behind A Legacy That People Will Talk About!
GOD BLESS!
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
203
Answers
Jema, Brong Ahafo Region
Updated
Anthony’s Answer
Please, note the following, relating to how to manage business:-
1. Consideration of the type of business.
2. It is essential to have complete knowledge of the business.
3. Good communication skills.
4. Good interpersonal relationship.
5. Honesty, dignity, faithfulness and transparency at all times. That is, all manner of corruptible practices must be avoided.
6. Positive attitudes at all times.
Best regards.
1. Consideration of the type of business.
2. It is essential to have complete knowledge of the business.
3. Good communication skills.
4. Good interpersonal relationship.
5. Honesty, dignity, faithfulness and transparency at all times. That is, all manner of corruptible practices must be avoided.
6. Positive attitudes at all times.
Best regards.