Are you working with a team to run your small business in the UK? If you are, then it’s likely that you hold regular meetings to catch up on tasks and lay out new things to be done. Certainly, having regular meetings is a good way of doing project management, but meetings suck up a lot of time. But thankfully, it’s the 21st century, so there is a better way.
Traditional thinking would tell you that if you really want to know as much as you can about running a business, you need to take an MBA. There are lots of universities offering MBA courses, but not everyone can afford it. And not everyone wants to take an MBA. Moreover, not everyone needs an MBA. Especially today.
Whenever you’re working with a team, there will always be times where you’ll face conflict. Disagreements and misunderstandings, if not handled well, may escalate into hostile encounters. But of course, you’re running a business, not a boxing ring, so it’s best to avoid getting into a fight.
Tracking the expenses related to your business is an important part of any business, big or small. Knowing where your money goes, you would then know what you should spend more on, as well as what you should cut spending on. It’s a huge part of continually improving your business.
Do you take advantage of the power of video for your online business in the UK? If not, then now is the time. But what if you don’t have the equipment, nor the budget to buy them?
If you’ve ever been to any job interview, more likely than not you’ve heard of this question: “Where do you see yourself in five years?” It may be cliche, but it’s actually a good question. Only those with a vision for themselves can answer that question well.
Great leaders inspire people to be their best and to do their best work. If you have a team of people working with you, ask yourself: “Am I doing something to make them do the best that they can do?”
Every CEO is at the top position for a reason. It’s not just to earn lots of money; being at the top includes the greatest responsibility of making sure the company runs smoothly. Part of that is being a mentor to the people under them.
In your small business in the UK, there are bound to be costs. There will be things you need to buy, such as equipment, stocks of products, shipping, software, cloud services, etc. And of course, there’s the costs of transportation whenever you’re meeting with clients or joint venture partners in person. These expenses may even eat into your profits.
About Peter Bright
Entrepreneur and Business Development Coach · London, United Kingdom Several businesses including management consulting, social media, online businesses, property investments, passive income creation and second income creation.
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