Are You Managing Your Small Business Correctly?

    [This guest post was written by freelance writer Kim Wade.]

    This know-it-all has no idea his business is about to fold.

    This know-it-all has no idea his business is about to fold.

    You started a business so you could be the boss and have fun, right? Maybe your idea of being the boss means you do it all by yourself. If so, you could be in for a rude awakening.

    Trying to do everything on your own may save you money, but it will suck up your time, make you less productive, and it might even make you lose your business.

    With all the business advice on the market, it’s hard to know if you are managing yours correctly. Take a few minutes to see what steps you can take to properly manage your business more efficiently.

    Online Help

    Technology is a great asset, but it can also add more to your already-full plate than you are capable of doing on your own. In today’s market, you want to have a successful online presence. Leave the time-consuming details like social media, blogs, or websites to an expert.

    Social media and online customer service are such important marketing tools for your business. Poor websites, bad Facebook posts, misspelled Tweets, and illegible blog posts can quickly turn away customers. You are busy running your business, and you don’t have time to give these tasks the focus they require.

    If you’re a business owners—especially a small business owner—you may want to hire someone to take care of these tasks and free up your time for the nuts and bolts of running a business. You’ve got enough multitasking to worry about!

    Too busy deciphering new tax codes instead of taking care of business?

    Too busy deciphering new tax codes instead of taking care of business?

    Expert Advice

    You may know a lot about business management and how to bring in sales, but do you know about tax codes, employee insurance benefits, or investment options for your employees? Owning a business doesn’t mean you’re an expert at everything, and it’s okay to admit that.

    Be smart and outsource administrative tasks like these to a professional. Not only will it free up your time, but it can save you from a legal catastrophe that could pierce the corporate veil, ruin your business, and force you to close up shop.

    Reputation Rescue

    You may need expert help in more areas than just the administrative. Your online reputation is an import aspect, too. An online reputation is hard to control because the amount of information on the internet is ever-changing, and you may not be tech-savvy enough to know what to do.

    Seek help and business advice from professionals who know how to keep your online reputation in good standing and help you avoid those embarrassing online attacks.

    Plant Roots

    Make sure you take the time to nurture and mentor your current employees. They are the future of your business. Give them a chance to understand the basics of the business so they can contribute more.

    This mentor method allows you to take time off as needed and delegate tasks to folks you know you can trust to do the job the way you want it done. It also builds bonds of trust and loyalty and provides employees with valuable professional development.

    Take Advice

    You’re not the first person to run a small business, so ask other managers and business professionals for advice on efficient ways to run your company. Keep an open mind and listen to what they have to say.

    It may help your business to try something new, or maybe you can put your own twist on their tried and true rules to running a business. Either way, you want to stay fresh and keep your brand moving forward.

    Don’t let mismanagement of your business hold you back from the success you know you can attain. Remind yourself that you are not an expert at every aspect of managing your company and you may need to ask for help. Investing in expert advice and support could save your business, and it will definitely save you time so you can start loving your job again.

     

    About the Author:

    Kim Wade is a freelance writer who writes about motherhood, blogging, and technology.

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