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Are Your Managerial Skills Good Enough to Lead Your Business?

Are Your Managerial Skills Good Enough to Lead Your Business?

It may seem like a no-brainer, but in order for you to lead a business, you need skills—and strong managerial skills at that! Those skills make up the difference between those who sink and those who keep swimming in the business world, metaphorically speaking. If you would like to further hone your skills, keep reading. The following tips will help you to lead your business more effectively.

What Specific Skills Do You Need?

There are a wide range of managerial skills that a business leader might need to acquire to ensure that the company runs effectively. As noted in “Management Skills List and Examples,” most management skills are related to one of the following functions: directing, organizing, coordinating, planning, and oversight. Some of the specific management skills that business leaders need to develop to keep their organizations active and alive include:

  • Budget Management
  • Accuracy
  • Collaboration
  • Delegation
  • Communication
  • Development
  • Conflict Resolution
  • Engagement
  • Decision Making
  • Coordination
  • Diplomacy
  • Emotional Intelligence
  • Discipline
  • Empathy

As you read the above list, could you imagine what managing a business would be like without one of those skills? A leader’s proficiency (or lack thereof) could be the difference between success and failure for an entire company. If you find yourself lacking in some degree on a particular skill, tackle that issue! Set goals that will help you learn those skills.

How to Build Your Management Skills

Now that you have a basic overview of the management skill domain, it’s important to think about what you can do to optimize your own. No matter how skilled of a manager you are, there’s always room for improvement. With that idea in mind, consider implementing some or all of the following strategies to further develop your management skills:

  • Further your education
  • Work with a mentor
  • Set goals

Further Your Education

One of the best ways to build your management skills is by furthering your education. Irrespective of the specific courses or degree program you pursue, you’ll gain new knowledge and experiences that make you a more effective manager. For example, pursuing a master’s degree in marketing will help you develop skills such as:

  • Influencing
  • Networking
  • Research
  • Sales
  • Verbal Communication

Learning such skills is irrespective to whether you attend an online school or a physical institution. If you want to get an online public administration degree, for example, you could still learn tons of managerial skills—such as collaboration and communication skills. Taking an online course might even help you to strengthen your technical proficiency and virtual presentations, which might come in handy as you try to be a leader in your business.

Work With a Mentor

In addition to furthering your education, remember that working with a mentor is a wonderful way to help you develop your managerial skills. This strategy works by ensuring that you’re constantly interfacing with an individual who is personally invested in your professional growth. He or she will help you identify your managerial strengths and eliminate weaknesses that detract from your leadership and productivity abilities within the commercial setting. Mentors can also connect you with other industry professionals who may provide you with business opportunities or educational workshops that help you develop your skill set further.

Set Goals

Truth be told, you can’t really go anywhere in life without setting a goal or two. The same goes for your business. You can’t take it anywhere unless you become the person that you need to become in order to lead it properly. Of course, it’s nearly impossible to change overnight, and so you shouldn’t get too stressed out about needing to magically change into something that you’re currently not. How you can get past that, though, is to set goals and accomplish them.

Pick a particular skill that you know that you need to work on. Then, write down a few things that you can do to become a master at that skill. For example, you may want to work on your delegation skills. Perhaps you’re the type of person who would rather do everything yourself. Being able to do everything is a great thing, but it might not allow you to be as productive as you can be. That is why delegation is so important. If you are wanting to work on this, you can do this by choosing to decrease your workload by 50% and delegating the things that don’t need to absolutely be done by you. This doesn’t make you lazy and doesn’t make you seem like you don’t want to do anything. It allows you to pick up the things that you should be doing as manager or owner so that you can accomplish more things.

Being able to lead your business effectively is important. To help you better do that, utilize the information and advice offered in this quick reference guide to ensure that you can start leading your business with greater excellence and expedience soon!

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by Hannah Whittenly // Hannah Whittenly is a freelance writer and mother of two from Sacramento, CA. She enjoys kayaking and reading books by the lake.

Opinions expressed by contributors are their own.