How to make your people respond

As a business entrepreneur, you cannot do everything yourself, you have you get the full support of those who work with you. And sometimes it is important to look for that something that will change your focus, albeit for a while.

Does this sound like double Dotch to you? If it does then remember that it is the simple and innovative things in management that count in the end. Things like conversation. How often have you had a conversation-no, not work related-with your team members? Try it and see what a difference it can make.

As an entrepreneur you do have a lot at stake as far as deliverables go. But equally it is the people with whom you work that can give you those deliverables. So it would be in your interest not to only focus on the things you have to do, but set your sights on the people you have around you. Get to know them personally. Find out who has what strengths and hone in on them.

Sometimes a little tweak is all it takes to make that magical difference. For example, ask yourself how often you have had a conversation with your colleagues- not work related, but just fun related. Try it and see what a difference it will make to you and your team. Remember, you can not do everything yourself, you have to get the full suupport of those who work for you or with you. So, it makes sense to get to know your team.

When you show an interest in your team as real people you will find that you will get their support and have a whole load of willing, capable and enthusiastic people around you.

Acknowledge the efforts of your team | Make them feel important

In a successful business organization, people need to feel that they are important to the job they hold. This is the first lesson that you need to learn if you are a manager leading a team. Money is not everything and in these bleak financial times when nobody is giving increments and people are being given pink slips, you need to reach out to the members in your team and let them know that you care for them.

Here are some ways by which you can tell people how important they are!!

First ensure that you create goals that are shared and that show the tie-in of individual work with the organizational goals. This way the person who has performed will be truly rewarded. What makes people feel important is the high expectations that they have nursed during their performance. These have to be acknowledged. This is one of the important business characteristics.

You could also settle for nothing less than the best. When you come to selecting someone for a job, be sure that you are not playing favorites. This is something your team members will be looking out for. Go with the right person for the job regardless of the how tempted you may be to give the job to someone you secretly favor. This way you will get a reputation of a good business entrepreneur for being impartial and fair. Also, the person who gets the job will feel truly good about himself.

When it comes to appraisal time, be sure that everyone gets his or her just dues. You may not be able to raise the salaries of your team at this point in time but you could think innovative sops like extra leave, food coupons, gas coupons and so on.

You should also know that you as a leader are in a position of both respect and trust-respect you command and trust you earn. It is imperative that you are trusted. Therefore, in your role as a leader, make sure that your actions reflect a fundamental respect for others.
And last but not the least, respect people’s time. You may enjoy sitting late in office but others may want to get home. So finish all the work that involves the team first of all so that they can leave you busy at work.

Becoming a Successful Business Entrepreneur

Becoming a successful entrepreneur does not require a lot of money but require innovative ideas and a strong urge to do something extraordinary and prove oneself. It is amazing that there is no need of huge investment to become an entrepreneur. Because, if this would be the major requirement then none of the following would have existed who have created history.

When, Michael Dell, the founder of Dell Computers, started his business he was having only one thousand dollars that too were borrowed. Bill Gates started his business with just five hundred dollars. Even after starting their business with so less investment its well known where they have reached by now. Perhaps on seeing their success, the students of well known business schools are going towards entrepreneurship instead of placement in good companies. Then what are you waiting for? Get ready to sail as an entrepreneur in the ocean of global market.

Your Success Plan

According to a recent survey, the young generation is inclined towards entrepreneurship even in the present recession period. To venture a new enterprise you require a success plan.

Unique Business Idea:

It is essential to have an innovative business idea to start any type of new business. Especially an idea that is really unique. Before starting any new business it is mandatory to the homework related to the business.

An excellent Business Plan:

You are required to prepare a roadmap on the idea including features, gains, price, competition, and finance etc. In addition, there is need to do market research in the relevant business area. You are also required to look into the long term feasibility of the business.

Using Finance as a fuel:

If you are planning a 100 km journey and your car does not have the required fuel then you just can not imagine reaching your destination. In the same way if you have prepared a business plan and you do not have the required amount of investment then you can not achieve your goal. You should know well in advance that how much investment is needed for the venture. You can arrange finance from bank, relatives and friends.

Proving Yourself:

After doing the business planning, the main phase is to execute the business plan. Sales and customer service are the acid tests for a new businessman. In fact, this is the time when you are to prove 100% of your skills so that people start entrusting you. Its only then, when the real success story starts.