Tips for Effective Business Management

1) Don’t allow external forces to control your business

So often, people surrender themselves to external forces for their negative performance. These external forces such as lack of money, economic crisis, inflation, should not determine your goals. There is always a way to raise the needed capital.

    2) People should not influence your control over your     organisation

As  a Managing Director, Executive Director or business owner you should not allow people, during board meeting, management meeting, to influence your opinion, proposals or your decision by their body language, lack of support and critics. These attitude and behaviour draw back effective leadership and management.

    3) Barriers should not be part of your thinking process

Sometimes people think that the lack of certain qualities prevent them to have control over issues related to their organization and business.  Barriers are limiting concepts that you permit to influence your goals. We discard good ideas that could have been good projects to tackle because of these limiting concepts.

These barriers, which are negative self-image perceptions, are:

·         I don’t have financial capital to do this project

·         I don’t have the right education or an education

·         I don’t belong to the right society.

Never put yourself in locked-in thinking which makes you lose your control. The locked-in thinking is the thought process that says: “It’s never worked before. Why should it work now”.  

      4) Don’t surrender control to fear

Fera makes us loose control over ourselves and our businesses. If you fear to fear to start-up a project, to change negativity in organisation, you’ll never learn and take the right decision.

As an entrepreneur, you need to commit yourself and stick your neck out. There is no need to fear failure. People who try to do something great and fail, are real winners.

      5)  Do not use fatigue as an excuse

When you are tired, you are really tired. What you have to do is to back off for some days to refresh your mind. Don’t hold on, you may take bad decisions which could be fatal to your business. 

6) Don't find fault with people 

People always find fault with people's proposal, opinion, idea. Instead of analysing them and find a way of maintaining them, they make derogatory comments about them by using negative expression, such as "it will take too long , it will cost too much, it will never work". There are problems with every proposal, opinion, and idea, but problems call for polishing not for demolishing.

As an entrepreneur, don't allow problems to control your business, your projects. Accept the faults and the imperfections and rise above them with the right attitude

7) Facts should not be yardstick for management

Today's socio-econo'mic problems may be facts, but they should not influence your business negatively. Interest rate, inflation rate and other economic indicators are facts and statistics which can definitely influence your business, as an entrepreneur, you can choose whether or not the influence will be beneficial or detrimental. 

8) Management should not rely on forecast

There are people who see bad things and say the future is not bright. It will get worst.. These people are cynical and always believe that life will go downhill as time goes. You need to dissociate from such people as an entrepreneur so that you could achieve your goals. Today as we speak/write, China and India are most powerful economic countries in this world wide economic and financial turmoil. Let us believe and have the right attitude to deal with business issues.

9) Let faith be the corner stone of your control

Let faith be in control of every management decision you make and business action you take as an entrepreneur. When you look at your business, your organisation and your projects, and where they are going, you ask yourself: "who is in control?" Let us have faith in God, allow him to empower us so that we can manage our business effectively.