The choice of a good business manager is fundamental, as it will be the person who guides us in the basic aspects of our business activity. To meet the ideal candidate, we speak with three professionals who have been managing for several years.
A small business is still a business and needs proper financial management. Although it is in a basic way, supported by simple spreadsheets, we have to learn to keep the appropriate records of collections and payments to have an efficient treasury management, which will avoid many unpleasant surprises for unforeseen payments that take us without liquidity enough.
Negotiation with suppliers
Another aspect that we must promote is the negotiation with suppliers. They need us as much as we need them and our relationship has to be mutually beneficial. Coordinate to group orders, shipments and invoices. Lighten the management of collections and payments, support for the realization of campaigns and promotions, are some of the tools at our disposal to improve our competitiveness.
Caring for employees
If we have employees, we must consider that they are one of the key pillars of our business. They are part of a gear that must be well greased to work perfectly. The lack of time and the urgencies of the day to day make us only remember them to demand that they do their work, forgetting about the motivation and their continuous professional recycling. If our market evolves constantly, we must worry about training our team in the skills and abilities necessary to maintain and improve our competitiveness. Within the small business ideas this is a very important matter.
In short, it is about taking advantage of one of the keys of Marketing, which is the ability to manage properly The last meter, which is the point of contact with the customer, to get as much information as possible about their needs and expectations, so that we can adapt our products and services to comply with them as best as possible.
More than 90% of business failures are due to incorrect management, mainly due to inopportune decision making. This percentage has grown with the rise of new technologies, which makes competitive advantages ephemeral. In this context, business management of managers and owners takes on special relevance.
We can move within the framework of the requirements and / or the competence. Every time I am more convinced that it is competencies that will make the difference between one or the other professional and between the value contributed in the long run, understanding value in a broad sense. Speaking of competence, rigor, honesty and communication skills seem essential to me.
Engineers, especially when we work in the industrial field, have the facility to “understand” what happens in different areas and also in the technical part of the business.
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Board Member at NexWafe Marina Groenberg view Marina’s full profile.