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BetterBusiness

Leadership

Featuring Peter Switzer

To ensure you’re leading from the front, today I’ll share with you the seven secrets to good management.


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1.Talk to your employees

Ask simple questions like, ‘how are you?’. It doesn’t take much to be nice to people. As the owner of the business, you’re busy. But if an employee has an issue, then it’s your issue too, so make sure that you take the time to listen.


2. Say ‘thank you’

There are so many times when a pay rise or a reward is not seen as important as the boss saying ‘thank you’ for a job well done. People do like money and tangible rewards like a weekend away or a dinner for two. However, these tangible rewards aren’t always expected – but people always like to hear a ‘thank you’ for a job well done. Always make sure that you acknowledge a job well done.


3. Don’t give them the cold shoulder

You’re the owner of the business and your priorities and stresses are often quite different to your employees. You might feel that you’re carrying all the burden and stress but in reality that’s not always the case. Your staff could be on the frontline taking complaints or dealing with difficult customers. If they come to you for support or advice then show empathy.


4. Learn to delegate

As your business grows and you take on more people, you will have to delegate some jobs that you could like or be attached to. But if you want to grow and prosper, then letting go is important.
The best thing is when your staff member does a job previously done by you either equally as well or even better. Always remember to make a person feel important when they achieve things in your business.


5. Give them room to grow

Let your staff know that you believe in them and their ability. Make sure that you acknowledge an employee’s strengths and always encourage them to play to them. If you want to keep staff you are going to have to offer them opportunities to develop their skills.
 

Most people seek professional development and some small businesses worry that if they train people they will leave and the business has lost money. That’s true to a certain extent and you do run the risk of training them and they go elsewhere. But if you don’t train them and they stay, they could be under-skilled in their jobs and this will impact on your business. After all, just as a chain is only as strong as it’s weakest link, your business is only as strong as your weakest employee.


6. Do business by the book

When a new person comes into your business make sure they are given specific instructions about all aspects of their job. This framework gives them the confidence to perform and helps them settle in a lot easier.


7. And, finally, learn to listen

Your employees could have valuable ideas that could contribute to innovations in your organisation that could lead to bottom line improvements. Ask for input when decisions are being made. And be sure to reward them if one of their innovative ideas has benefits in your business.


So that’s the seven secrets to leadership. Hopefully you are now inspired to get out there and inspire. Always remember to recognise that every employee in your business has the potential to lift their game and the ability to do this comes down to confidence. For staff to have a good attitude and to improve their skills, they must have confidence in themselves. More importantly they must have confidence in you.

 


Important information 
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. All products mentioned on this web page are issued by the Commonwealth Bank of Australia; view our Financial Services Guide (PDF 59kb).



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