Management

[|How to Manage a One-Person Business] __What Type of Manager Are You?__ 1. Autocratic (Authoritarian) -a leader who requires control over all organizational decisions and requests little input from the team members. -good at making decisions, although they may not always be the most informed. -often feel as though their contributions are not valued by the organization and decisions often don’t consider how it will affect employees other than the manger.

2. Paternalistic -very dictatorial, but includes the best interest of the employees as well as the buniess itself. -the leader is often in a better situation to make overall organizational decisions due to experience. -example: Steve Carrell’s character Michael Scott in The Office. - these managers care about the social needs of their employees (being happy),, but it also slows down and clouds the decision-making process.

3. Democratic -gives everyone equal say in decisions, from employees to management themselves. -”leadership by committee” approach makes employees feel really good about the overall product -the collaborative style of management often leads to more thorough and thought-out solutions to problems. -if the workforce doesn’t have the experience necessary to make informed decisions, they can sometimes be made hastily while also being drawn out in the decision-making process

4. Laissez-Faire -being very hands-off -allowing group members to make many big decisions -generally led to the lowest productivity level among groups -very little managerial guidance and freedom for employees to make many decisions (informed or not) -will work well if employees are highly experienced, good at working on their own and/or motivated

5. Servant Leadership -leader being focused on their colleagues and what they need to succeed -often humble managers that are extremely talented at tapping into the expertise of their entire organization. Inc. 5/4/2011 __www.inc.com/guides/201105/how-to-change-your-management-style__

[|How to Manage 1 Person Business]

Here’s a little quiz. Read these true/false statements and see if you’ve fallen into the time management trap. Avoiding these traps with simple “rules” to live and work by will help you to increase profits and feel better physically and mentally. Who doesn’t want that?


 * True or False?**

When I am courting a prospect I make myself available to them 24/7. I take them out to lunch, meet them for coffee or drop by their office when a phone call might achieve the same results.
 * I give away a lot of my products, services and/or time to convince a prospect to buy.
 * I will often break my own rules and take risks that could lead to not being paid on time – or at all.
 * I run errands, do housework or take personal phone calls during my “work day”.
 * I get easily distracted on the internet and am taken off-task at least once a day.
 * I answer phones, read email and attempt to complete my projects all at the same time.
 * When I get a new idea I drop what I’m doing to explore every angle of that idea.
 * I rarely assign blocks of time or schedule my tasks/goals. I just do them as I see fit – or when I can squeeze them in.
 * I spend a lot of time and resources to close a sale and I don’t keep track of the cost (including my time).
 * I feel guilty if I don’t answer the phone when my mother or best friend calls during my work day, so I take the call and feel preoccupied the whole time.
 * I will drop everything if the opportunity for lunch with a friend or a fun outing presents itself.
 * I do everything myself because it’s faster than explaining it to my virtual assistant, intern or freelancer.
 * I don’t bother with self-imposed deadlines because I can never meet them anyway.
 * I do all of my own administrative and bookkeeping work because I could never afford someone to do it for me.
 * I have two or more revenue-generating ideas that I feel very confident about but can never find the time to implement or explore.
 * I don’t have time to make “to-do” lists, they never get completed anyway.
 * I often spend time exploring my new ideas but rarely take the time to implement them.
 * I go to networking events but rarely find the time to follow up with the people I meet.

Copyright © 2011 Mansueto Ventures LLC. All rights reserved. Inc.com, 7 World Trade Center, New York, NY 10007-2195. To see full article...click [|Inc.-Time is Money]