Management Solutions for Small Home Based Business Start Up Success

Download Management Solutions for Small Home Based Business Start Up Success

Post on 19-May-2015

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Explore the Management Small Business Basic and key components. Are you learning and doing the Management Basics required to enjoy success and avoid failure in your small home based business?

TRANSCRIPT

  • 1.

2. Management coordinates all business functions. Basics need to be managed individually and collectively. Efforts dedicated to a common cause require less time and effort.

  • PLAN
  • REPORT
  • EVALUATE
  • DEVELOP

MANAGEMENTCoordination of Basics 3. Thinking is not planning. Planning requires writing down the steps you must complete to reach objectives.

  • Decide on a management style.
  • Identify management requirements for each Basic.
  • Assign the responsibilities for each Basic.

PlanSteps Required for Objectives 4. Are we there yet? is the question most asked when traveling. Reports answer the same question for business.

  • Identify key numbers for tracking.
  • Establish a regular reporting procedure.
  • Review numbers on a scheduled basis.

Report Feedback Needed for Evaluation 5. Efficiency comes from using the best methods. Comparing results to plans increases effectiveness.

  • Set a standard for time for evaluation.
  • Include recognition, scheduled and open items.
  • Set goals and follow-up deadlines.

Evaluate Process of Comparing Results 6. Do not ignore weaknesses. Relying on strengths keeps you from being the best you can be.

  • Assess your strengths.
  • Improve on your weaknesses.
  • Choose opportunities which build on proven potential.

Develop Improve On Existing Conditions 7. Small Home Based Business Avoid Failure Enjoy Success Offered by a major electric utility to over 29,000 small business customers, immediately available to ensure your small home based business success. The Profit Puzzle www.profitpuzzle.com