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Fulton Bank
Fulton Bank

10 Tips to Improve Your Management Skills

Small business management demands a variety of skills—from financial acumen to effective communication. Review these 10 tips to help enhance your management skills and make a difference in the success of your business.

Follow these 10 tips to enhance your small business management skills and help you achieve your business and personal goals.

1. Macro manage. Don't micro-manage.

A micromanager is a leader who gives excessive supervision to employees. Micro managing actually reduces an employee’s motivation to work harder. A macro-manager gives clear instructions, encourages employees to ask for advice, and shows appreciation when they do good work.

2. Delegate and Empower.

Delegating is an important skill. It not only frees up your time for strategic thinking but empowers your employees, leading to a more engaged and competent workforce. Trust your team with responsibilities and provide them with the autonomy to make decisions within their areas of expertise.

3. Cultivate Strong Communication Skills

Whether it's negotiating with suppliers, pitching to investors, or leading your team, effective communication is essential. Be clear, concise, and consistent in your messaging. Actively listen to feedback and be open to discussion. And have regular check ins with individual employees to see how well they are doing and ask if they need anything to help them achieve success. Follow the mantra: Listen, learn, lead.

4. Motivate your team.

Motivated people have a positive outlook, they're excited about what they're doing, and they know that they're investing their time in something that's truly worthwhile. Learning how you can keep your team motivated, can impact your collaborative progress towards key initiatives. Use strategies like recognition, promotions, bonuses, and working toward a common goal.

5. Embrace Continuous Learning

Continuously educate yourself about new trends, technology, and management techniques. Attend workshops, webinars, and courses to stay ahead of the curve. Books, podcasts, and online platforms like LinkedIn Learning and online seminars can be valuable resources for you and your team.

6. Be approachable, but stay professional.

While you can be friendly with your employees, remember that ultimately you are a manager, not a friend. This can sometimes be a challenge especially when you have a small staff working closely together. Be clear where lines are drawn and make sure that your team respects them.

7. Don’t be afraid to make adjustments.

One of the biggest mistakes some business’s make is following a process for process’s sake. While a particular process or workflow may have made sense at one time, that doesn’t mean it will continue to be effective. Give yourself the flexibility to adjust processes as necessary, and empower your staff to come to you if they feel burdened by overly complicated workflows.

8. Put together the right team.

A good team is more than the sum of its parts. Look for team cohesion and for signs of tension or disagreements between team members. Ask for and listen to feedback from team members. Take the time to understand people’s area of expertise to maximize team potential and to encourage employees to learn from each other.

9. Create a safe place.

Allow people to be themselves, embrace the differences, and always keep communication open so they can talk to you about things that are bothering them. If your employees feel they can come to you and be honest, they are more likely to discuss issues early, rather than covering them up and hoping for the best.

10. Lead by Example.

The success of a business starts at the top. Set an example of professionalism, dedication, and ethical behavior for your team to emulate.
Managing well is a skill you can learn and improve over time. By understanding and implementing these 10 tips, you can create a more positive work environment and steer your business toward long-term success.

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