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After working so hard to achieve your vision, you have now opened your startup company. There have been tons of challenges leading up to this point, and this phase only opens up a new set of challenges that you need to brace yourself for. But as a newbie company owner juggling a plethora of things as it is, what do you need to focus on when managing your company? Here are some answers.
Training
When you want something done a certain way, you need to prepare the groundwork to show others how it’s done, and only after you have figured out how to do it best. As the manager of a startup company, this means that you need to take the time to train your workforce.
You may be screening applicants tightly and hiring only the best of them. But even if they are proficient in their field, you can’t expect to hand down a few garbled instructions, only to complain about how the results do not match your vision at all. Have the patience to explain, train, and repeat the process with every major foundational task until everything is where you want it to be.
Understand your staff’s personalities
One of the best, sure-fire ways to get better at working with other people is to gain a better understanding of their personalities. Do some research around personality types to have some insight into what makes your staff tick. By doing so, you would learn how to approach each of them in a way that builds greater professional trust and cooperation.
A good starter for this is the Myers-Briggs Typology Indicator (MBTI), which is one of the most popular personality tests in the world. It consists of four main categories of personalities that lead to 16 subcategories. Once you become familiar with these categories, it can be easier to get a general feel of someone’s personality and have an insight into how to interact with them. Getting to know your staff also makes managing conflict in a startup much easier.
Creating a safe work environment
Creating a safe and conducive work environment is paramount for the success and well-being of any startup. To ensure a secure workplace, incorporate regular operational practices that prioritize safety. Conduct regular safety training sessions to educate employees on emergency procedures and workplace hazards. Implement a clear and well-communicated safety policy, encouraging employees to report any concerns promptly. Regularly inspect and maintain equipment to prevent accidents and downtime.
Keep workspaces organized and clutter-free, and prominently display safety signage throughout the premises. Another often overlooked aspect is the cleanliness of the workspace. Consider hiring commercial carpet cleaning services in Oklahoma City, OK, or elsewhere, to maintain a clean and healthy environment. A clean workspace not only boosts morale but also contributes to the overall safety and well-being of employees. Regularly reviewing and updating safety protocols ensures that your startup remains a secure and thriving place for everyone.
Learn to trust
For many startup managers, delegation is often easier said than done. It only tends to occur only when you have worked yourself to capacity. For now, hogging your tasks may be fine, but delegating your tasks will inevitably happen as your company grows naturally.
When delegating something, you need to fully hand over the ownership of the task or project, without holding on to some of its parts. Holding on to some duties may only create confusion about who is responsible for what, leading to the major issue of no one actually possessing full accountability for anything. When delegating something, you should have no intention of taking it back again.
Numerous companies also find relief in outsourcing specific aspects of their operations to third-party providers, alleviating the managerial and employee burden associated with those processes. This practice extends to various domains, including Information Technology (IT) and logistics. For instance, businesses often opt to enhance their operational efficiency by outsourcing their shipping needs or integrating Enterprise Resource Planning (ERP) systems into their workflows. By doing so, they not only streamline their processes but also create room for increased delegation and workload reduction among daily employees. The decision to engage reputable companies for such tasks becomes a strategic move in optimizing overall business operations. You can click this link to learn about the subject matter in detail.
Establish your metrics
Focus on the metrics that primarily drive the performance of your company. These metrics can include monthly conversion rates, the number of accounts closed every month or the success rate of cross-selling additional products or services to your existing clients. While developing your scorecard, you need to touch base with your team and ask them which metrics are most important for them. You also need to measure the performance of your team against the metrics that you set, and you need to do this regularly.
It takes a lot of effort to manage a startup. However, the satisfaction of seeing its growth, with you and your staff growing along with it, is one of the best feelings as an entrepreneur. By training your staff, understanding them, trusting them with tasks and establishing your metrics, you are well on the way towards having a flourishing company.