Managing a small business effectively is a sure path
to growth and success. In this section we discuss why
"small business management" is important.
Some small business
owners dont think that there is such a thing as "small
business management". They believe that if
you have 10 or fewer employees than you can manage your
business by doing as much as possible yourself, then
telling your employees what to do and making sure
you catch them before they make a mistake or mess something
In fact, Small Business Management is
where youve organized and systemized your small business
to virtually run itself. This applies to the 1-person
business as well.
As we discuss in our automate
your business section, the best small business
management model is the business franchise (like McDonalds
or H&R Block). Many small businesses
eventually fail but the vast majority of franchises
succeed. Why is that? Because a franchise
has a "management system", a franchise manual
that shows exactly how to run the business step-by-step. Anyone, for the most part, can run a franchise
because theyve systemized and organized the business
to virtually run itself with little or no training.
Because small business management is the surest path
to small business success and freedom. Youll never
be able to relax or take a "real vacation"
unless you have made your business capable of, at least
in the short term, running without you. Take
the time now to organize and systemize your business
so you wont have to in the future when the process
is more complex.
Simply explore the information and resources weve provided
on this website. This is why weve created the Manage
Your Small Business section of MyNewCompany.com™:
to help small business owners manage their business
more effectively and, more importantly, allow them to
have a "real life" and focus working on
their business, not in it.