Introduction
The success of any business is determined by the quality of
management. To manage anything means that you need to acquire various skills to
help you through as stated in the Grow with Dr. Moe educational program. A properly managed business does not only make the business owner
successful but also those around him/her. According to Dr Maurice Pisciottano, there are various factors you need to consider for you to
effectively manage your business. They include:
a) Communication
Communication is the foundation of any successful business. The
effectiveness of communication between business owner, customers and those you
are working with. Creating a good relationship requires effective communication
skills.
b) Personnel management
This refers to the management of those rendering services in your
business. In a Mechanical Motion Therapy, proper management encourages your
staff to be more productive and be more enthusiastic when performing their
duties. Fair payment of salaries and giving those allowances and bonuses as appreciation
packages helps your business to be more successful.
c) Resource management
This is how well the resources available are managed. Resources
include goods or services for sale, capital and profits made. This also
includes production management. This means you have to have set strategies to
ensure production makes profit and you have planned on how the profits will be
invested either back into the business or otherwise. This will ensure growth in
the business as well as the owner.
Conclusion
One of the most common mistakes that businessmen make is mostly in
the area of management. Some it’s due to lack of enough information while
others it’s out of ignorance. Dr Moe Pisciottano notes that if more
emphases were put on learning the skills of business management, success in
business is a guarantee to anyone. These factors if well applied will help you
run your business successfully and enable those around you to grow as you grow.
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