1) A
good step to take for a person who runs businesses would be to join online
communities or discussion groups that center around your area of interest in
the business field. Becoming part of a business
forum on the web will allow you to communicate with other business owners.
You can get such people to help you out with your business and vice versa.
However, as social loafing (decrease in individual effort as group size
increases) becomes a threat, you can reduce anonymity and create some
individual accountability.
2) You
can raise the productive level of your business by getting your family members
to pitch in the work. Since they have complementary skills and a common goal,
they will end up with much more output then hiring people you don’t know. For
example, you can get your daughter with an artistic flair to design advertising
banners for you, and your son with high knowledge in computer software’s to
create balance sheets on Excel files.
3) Set
a consistent schedule for work. Write down the times that you plan to work, and
this will help keep you from burning out. It is very important to have feedback
about the work performed at the end of every day. This feedback can either come
from you, from your coworkers and staff, or from the customers. It allows you
at access your mistakes and then removes such flaws accordingly very quickly so
damage is minimized.
4) You must work on
creating skills such as impression
management and persuasion and social influence in order to successfully and
profitably run your business. Impression management is tactics designed to
induce liking a favorable first impression by others. Social influence is the ability
to change others’ attitudes and/or their behavior in desired direction. These
skills will lead to a high level of charisma, something that inevitably leads
to attracting more customers. A sales
force team must be equipped with these kinds of skills.
5) Playing a devil’s advocate is a good idea if you are confused between
multiple decisions and scenarios regarding your business. This involves asking
yourself to counter the proposition given in order to determine the validity of
it. For example, if you want to expand your business, then playing the role of
a devil’s advocate will allow you to assess whether you have enough financing,
or market demand, and whether you should ultimately go ahead with the plan.
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