How to organize a small business? This is a very common question for entrepreneurs and professionals who do not have a large structure and high financial power. That's why we've separated 11 very practical and quick tips here that will help you organize and manage your small business in an assertive, planned and well-coherent way.
Thus, building a very solid foundation to grow everyday. Can believe! You want to receive tips and information to set up your own business.
So subscribe to this channel and stay on top of everything you need to know to open your own company. To organize any type of company, you need to have good business management. That basically, it is the set of activities and processes used to manage a company efficiently and effectively.
That is, they are the practices and strategies that aim to plan, organize, lead and control business activities. Always seeking to achieve the goals and ensure the success of the organization. So, if you are not familiar with this subject, we recommend watching our video that explains it in a practical and straight to the point way.
Thus, the tips we will talk about here will make much more sense to you. So, if you want to watch it, just click on that button above or on the link that we left in the description. Now, if you already understand about business management, let's go to the 11 very practical tips that point out how to organize a small business.
So let's go! 1. MISSION, VISION AND VALUES Mission, vision and values are strategic business management concepts.
That is, they are part of the strategic business planning. And on a day-to-day basis, they serve as a compass for companies, guiding the paths to seek the expected results. In other words, they help define the strategic direction of companies.
Therefore, this is essential to make the next tips make more sense in your business's day-to-day life. Still, it is very important to make everyone involved keep this in mind in order to act according to what the company really is and seeks. 2.
DEFINE YOUR TARGET PUBLIC Understand who your target audience will be for each action. Whether your customers or potential customers, your company's employees, suppliers or partners, anyway. Define your target audience very well for each part of your business management.
That way, you'll have a very solid foundation to know what needs to be done to succeed in your strategies. This will make each action much more effective and assertive. 3.
FINANCIAL PLANNING Financial planning consists of projecting income and expenses for a given period. In addition, it analyzes projected scenarios and sets goals based on this information. In other words, he will be the one who will point out the guidelines for the business to be profitable, through a set of actions, tools and controls that seek to understand, organize and manage a company's financial resources for the short, medium and long term.
That is, business financial planning has the main objective of ensuring that your company has enough cash in hand to live a healthy life, be able to take advantage of opportunities or solve possible emergencies and, thus, constantly grow. As well as understanding whether all costs and expenses make sense or whether it is possible to reduce them to increase the profitability and profitability of your business. 4.
STUDY THE COMPETITION Along with what we just talked about, studying the competition will make all the difference. In this way, your company will be able to position itself in a secure way in the market. As well as having references of what is working or not.
Still, understand if there are opportunities to be seized. Or even care that should be taken. 5.
MARKETING MANAGEMENT Basically, it is the management that analyzes and monitors the strategies, actions, processes, and people related to marketing activities. In a way that adds value to the market and its consumers. As well as achieving business goals and objectives.
With this management, it is possible to identify and find ways to meet demands and identified opportunities. As well as working on possible flaws and threats. Still, always monitoring and studying the market, competitors, consumer behavior, suppliers and other subjects in an organized, coherent and planned way.
Everything to satisfy and delight customers. Attending and solving their problems and needs, while generating profit for the company. 6.
PEOPLE MANAGEMENT In summary, it is a set of practices focused on maximizing the potential of people or each individual on your team. That is, it is related to the practices adopted to study, understand and value the human capital of companies. In other words, it's caring for and valuing your business employees.
Thus, ensuring the personal and professional development of each one of them. Also, prepare everyone so that the results and objectives of your business are achieved on a daily basis. Although this subject is closely related to Human Resources (HR), this work encompasses more than that.
Therefore, it is the responsibility of the company's leaders. And also the managers of each area or department. 7.
STOCK CONTROL Basically, stock control is knowing exactly the ideal amount of each item in your stock. Thus, control all the movement of products and raw materials of your business. As well as managing your inputs and outputs well.
Inventory represents costs for the company, but at the same time it is responsible for making sales for the business. Thus, having an inventory control is fundamental to the success of any company, regardless of its size. As a result, having efficient inventory management to generate true profits for your business.
8. GOOD CUSTOMER SERVICE Basically, it means offering the best customer service. Before, during and after the purchase.
And that way, make each customer very satisfied with your company. In other words, good service is all the support you offer your customers that helps them have a great experience with your company. This makes your business create and build a solid and lasting relationship with him.
And so, make him buy from your company, keep buying and still become a loyal customer, a brand advocate. 9. INVEST IN STRUCTURE Investing in structure to provide the ideal conditions to carry out the expected work and achieve the desired results is essential.
This goes for equipment, technology, work environment, anyway. Offer working conditions in a coherent and consistent manner. Including, currently there are several management systems that help a lot in business management.
Like ERPs, which are management systems that allow easy, integrated and reliable access to a company's data. In the same way, investing in professional qualification is also fundamental. Always look for qualified professionals to be part of your team.
Assemble a talented team every time. Also, value your employees always. Offer training, qualifications, courses, among other tools to better prepare them and provide ideal and conducive conditions for them to be able to deliver the best expected and planned work.
Which is what we talked about earlier. 10. CLASSIC THEORY OF ADMINISTRATION In short, this theory argues that companies are able to be more efficient and productive, reduce waste and enable managers to make more assertive and coherent decisions.
Always pointing out that company managers need to anticipate, decide and act in a well-planned and organized way. In addition, it points out that administrative knowledge surpasses technical knowledge to determine the paths to be followed by companies. This is important to point out because at the time it was developed, which was in the early 20th century, managers relied more on production techniques than administration.
And with the productivity growth of companies at that time, the need for to better manage resources. Be financial, material, time and human too. Thus, the need to optimize processes and increase efficiency grew more and more.
Soon, classical management theory emerged to address exactly this issue. And this theory can give you a more comprehensive view of your company as a whole. And so, work on points to structure yourself and create a more solid foundation to organize your business.
So, if you want to know more about classical management theory, we have a video that explains it very briefly. If you want to watch it, just click on this button above or on the link in the description. 11.
MONITOR RESULTS Finally, closely monitor every moment of business management. As well as the results obtained. Analyze if the objectives are being achieved and if the goals are being achieved according to plan.
Review whenever possible each part of the management. This will make it possible to identify points of attention. Also, make adjustments when necessary.
Did you see how these tips can help you a lot in how to organize a small business? Regardless of sector or segment. Keep in mind that to be successful with your business, it is essential to pay attention to each point of your company.
As well as dividing the work with all the people responsible for each task or area, combined? By doing this, you can be sure that your business will be very successful every day. Thus, grow more and more and stand out in the market.
However, these tips are not the only ones. So, if you have any others that we didn't talk about here, write them in the comments and share them with us! And there?
Did you like this video? So, if you can, click on the “Thanks” button below and help our channel to continue producing and improving videos and content of this type for you. And just to recap what we talked about here: 1.
MISSION, VISION AND VALUES 2. DEFINE YOUR TARGET PUBLIC 3. FINANCIAL PLANNING 4.
STUDY THE COMPETITION 5. MARKETING MANAGEMENT 6. PEOPLE MANAGEMENT 7.
INVENTORY CONTROL 8. GOOD CUSTOMER SERVICE 9. INVEST IN STRUCTURE 10.
CLASSIC MANAGEMENT THEORY 11. MONITOR RESULTS We hope you enjoyed it! And if you want to learn more about how to set up and manage your own business, visit our YouTube channel where we have several videos on this subject, okay?
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