Common management mistakes made by an entrepreneur

Posted by TiE- Hubli Monday, April 30, 2012


Common management mistakes made by an entrepreneur


Management usually includes the entrepreneur to get someone else to do something which they want done because the individual agrees to do the proposed work. It is quite troublesome for few small business owners to settle down on the thinking that if they want something done, they have to personally include themselves in the work.
Some of the regular mistakes done during management are listed without including the size of the organization which has to be supervised or administered. Most of the mistakes include the thinking of entrepreneurs which lands them and their business in trouble.

·         Most of the entrepreneurs tend to get their ego on the way of business and force the staff to work in every possible way to make their business a huge success in the market. To overcome this egoistic nature, they have to sit down with employees and discuss the matters hindering their task.
·         Since entrepreneur starts out solely in this business world, it is quite difficult for them to entrust someone else with important work or key decision making, thereby thinking that there is no other person in the organization who can do better work than them.
·         Everyone is rushing around to work daily tasks, therefore they lack time to set specific goal about where they intend to further develop their business.
·         Most of the business started by entrepreneur surrounds an environment where the staff is set out to react at the earliest rather than working in a method which enhances the business. Most of the people working here do not have their heart at work; instead they use only their head at work.
·         The most common mistake done by entrepreneurs once they set up the business does not know how to exactly manage the staff for proper work culture in the company. Managing organization with small size is much easier than a larger one, as the size increments it is necessary to have communication with workers.

To overcome all these mistakes during management, the company owner has to communicate frequently with the people working for the improvement of the organization, and learn ways, in which they can be managed, also know how other organizations deal with their staff and finally should trust the persons surrounding them before making key decisions solely.

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