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How to become a better business manager ?

Level 2
I love swimming and reading novels
I love to own my own businesses and be able to manage them well
I love accounts. Maths to be precise
I love to be a woman with her own business

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

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Allen’s Answer

Hi Marie,

As other have said, the one of the best things you can do is to lead by example. Be willing to get into the weeds with your team and do what they do from time to time. Showing true interest in their career growth and development is something that my best leaders have done for me, and something I practice with my team. While they are my employees, we are all people first. Caring about their lives, interests and passions both inside and outside of the office can really build an exceptional team bond.

Some other things I have done with my team is to have more relaxed one on one conversations. Setting up coffee chats, either in person or virtual, to have open discussions on what your employees would like to do and how they would like to grow really help build a supportive atmosphere. It takes a lot of work, but once you open that door and have those conversations, I think you will see a growth in employee moral as well as work effort.

One last thing I will add, is that a mindset I keep is to have a "work with" method of leadership rather than a "work for" method. by employing a lot of what others have posted and working to empower your team for success, I think you can have an exceptional career as a leader and a devoted team.
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Laura’s Answer

In my opinion, the best way to be a good business manager is to set a good example for your employees. Be kind, empathetic, and assume positive intent. Listen to what your employees have to say. Create an environment where people feel safe being themselves and try to have a positive outlook even when things become stressful.
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Linda’s Answer

You will always be employed if you go in the accounting field. Be a good leader by being a good example. Don't talk about employees to other employees. Don't berate employees in front of other staff. Praise often, Criticize with constructive thoughts.
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James Constantine’s Answer

Hello Marie,

How to Become a Better Business Manager

To become a better business manager, there are several key steps and strategies you can implement to enhance your skills and excel in managing your own businesses effectively. Here is a comprehensive guide on how to improve as a business manager:

1. Education and Continuous Learning:

Pursue formal education in business management or related fields to gain foundational knowledge.
Consider obtaining certifications or attending workshops/seminars to stay updated on the latest trends and best practices in business management.
Read books, articles, and case studies on successful business management to broaden your understanding.

2. Develop Leadership Skills:

Cultivate strong leadership qualities such as effective communication, decision-making, problem-solving, and team-building skills.
Lead by example and inspire your team members to achieve common goals.
Learn to delegate tasks efficiently and empower your employees.

3. Understand Financial Management:

Given your love for accounts and math, focus on mastering financial management principles.
Learn how to create budgets, analyze financial statements, manage cash flow effectively, and make informed financial decisions for your businesses.

4. Enhance Strategic Planning Abilities:

Develop strategic thinking skills by setting clear goals, creating actionable plans, and adapting to changing market conditions.
Conduct market research to identify opportunities and threats that can impact your businesses.
Implement strategies that align with your long-term vision for success.

5. Improve Problem-Solving Skills:

Enhance your ability to identify problems, analyze root causes, and implement effective solutions.
Encourage a culture of innovation within your businesses that fosters creative problem-solving among employees.

6. Build Strong Relationships:

Establish good relationships with stakeholders, customers, suppliers, and employees based on trust and mutual respect.
Network with other business professionals to gain insights, mentorship, and potential partnerships that can benefit your businesses.

7. Embrace Technology:

Stay updated on technological advancements relevant to your industry that can streamline operations, enhance productivity, and improve customer experiences.
Invest in software tools for project management, accounting, marketing automation, etc., to optimize business processes.

8. Seek Feedback and Self-Evaluation:

Solicit feedback from employees, customers, mentors, or peers to identify areas for improvement in your managerial skills.
Reflect on your performance regularly and be open to self-improvement through constructive criticism.

By following these steps diligently and continuously striving for personal growth and development as a business manager, you can enhance your capabilities significantly and become more adept at managing your own businesses successfully.

Top 3 Authoritative Sources Used in Answering this Question:

Harvard Business Review: A renowned publication known for its high-quality articles on various aspects of business management, leadership strategies, entrepreneurship insights, and industry trends.

Entrepreneur: A leading source of information for entrepreneurs offering valuable resources on starting a business, managing operations effectively, financial planning tips, marketing strategies, etc.

Forbes: A reputable platform providing expert advice on business management practices from successful entrepreneurs and industry experts worldwide.

God Bless You,
JC.
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Juan’s Answer

To become a better business manager, here are some steps you can take:

Continuously update your knowledge: Stay informed about the latest trends and developments in your industry. Read business books, attend relevant conferences, and follow thought leaders in your field.

Develop strong communication skills: Effective communication is crucial for managing a team. Practice active listening, learn to give clear instructions, and provide constructive feedback to your employees.

Enhance your leadership abilities: A good manager inspires and motivates their team. Develop your leadership skills by setting a positive example, delegating tasks effectively, and providing guidance and support to your employees.

Foster a positive work culture: Create an environment that encourages teamwork, collaboration, and open communication. Recognize and reward employee achievements, and address any conflicts or issues promptly.

Improve your decision-making skills: Managers often need to make tough decisions under pressure. Enhance your decision-making abilities by gathering relevant information, considering different perspectives, and weighing the pros and cons before making a choice.

Develop your problem-solving skills: Managers are frequently faced with challenges and obstacles. Improve your problem-solving abilities by thinking critically, analyzing situations objectively, and seeking innovative solutions.

Invest in your professional development: Take advantage of training programs, workshops, and courses that can help you enhance your managerial skills. Consider pursuing certifications or advanced degrees in business management.

Seek feedback: Regularly ask for feedback from your team members, peers, and superiors. Actively listen to their suggestions and work on areas where you can improve.

Embrace technology: Stay updated with the latest business tools and technologies that can streamline processes and improve efficiency. This could include project management software, communication tools, or data analytics platforms.

Stay adaptable and flexible: The business landscape is constantly evolving, so it's important to be adaptable and open to change. Embrace new ideas, learn from failures, and continuously adapt your management style to meet the needs of your team and the organization.

Remember, becoming a better business manager is an ongoing process. Continuously strive for self-improvement and be open to learning from your experiences.
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