BUSINESS MANAGEMENT AND MANAGEMENT SKILLS

This is the start of a series of newsletter articles on Business Management and Management Skills. This program was designed to assist you in managing your business more efficiently, effectively and productively. The complete program includes four major categories: Business Management, Financial Management, Job Management and Labor Management. Not all topics discussed will apply to your business, but each section will be beneficial to establish company goals and objectives as a reference for financial planning and credit applications, determining the need for growth and expansion, coordinating small tasks to the best advantage of your company, and much more.

One of the best definitions of the term management is simply executive skill. This program is about just that - management. Not the business school theory of, but the skill - the doing part of being a respected and financially successful manager.

Many individuals are motivated to be self-employed, to be the decision maker, and to have more control over their working lives. For many, this motivation ultimately and intimately leads to the start of their own company, to take on a greater level of risk in what for some is a blind faith that they will receive the perceived rewards of management.

As a successful business owner and manager, I can tell you that it is the most difficult and yet rewarding task that I have ever undertaken. Managing perfectly is never accomplished. To achieve even a modest level of success requires that you convert from a doing-type of person, to a planning, organizing, staffing, controlling and remotely directing-type of person, and from undertaking the task yourself to accomplishing the task through others - others who you must begin to recognize are vital to your success. All of these words simply say that you must prepare, and that you must be prepared. Being effective, efficient and productive is not an option in today’s world of economic and social globalism.

As a manager, it is vitally important that you develop and maintain a sense of objectivity; that is, a willingness to recognize change as an ever-present environmental factor of business activity. Change occurs from within and from the outside of a business. Positive change can be brought about through implementation of your management plan. Action and planning (not reaction to events) must be the order of the day. Receiving candid input from your advisers, the people who have current knowledge of your business, and your employees, can be made a part of the every day business environment by the use of suggestion and recommendation programs. These programs foster a sense of belonging, of being recognized as a vital part of the organization, and not just another Mc-employee.

You need not go it alone. Professional special team members and consultants, such as myself, are readily available to lend an attentive ear, judge options and develop executable business plans for large, small, new or well-established firms. Professionals focus on stressing financial performance enhancement while developing and enhancing competitive advantages through the exercise of proven management expertise.

Mike Holt’s Comment: Watch for the next newsletter on Business Management and, as always, we invite your comments and feedback on these articles. Please respond to Barbara at bjparks@atlantic.net.

Copyright © 2002 Mike Holt Enterprises,Inc.
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