More and more mums are starting their own business. It is a fantastic way to earn an income and be around the family, so you don’t miss out on a thing.
We all like to think we’re super mum and can do a million things at once but the reality is there will be times when you need to sacrifice time with the kids to make your business a success. Now we’re not saying that you can’t be a great parent and a great director; with hard work and organisation it is possible to create a balance between the two.
However, there are various aspects which you need to do to make sure your business runs just as well as your household. It really is a case of dominos- set it up properly and everything will remain intact and upright. Make one false move and everything will fall around you.
Just like being a parent, running your own firm doesn’t come with a manuscript. There is no definitive right or wrong. The only way you can learn is to grab the bull by the horns and give it a go but with time, and these top 7 tips, you will become the ultimate boss.
1. Good with numbers
If maths was never your forte at school, you need to make an effort to get better at managing money. The backbone to any business are the finances which means you need to know what taxes you need to pay, what company formation is best and how to manage the books for employees.
2. Take ‘me’ time
One of the most crucial characteristics of a great director is that they know when to switch off. In the long run, you will be a better boss if you are not stressed or overworked. Strained directors are clumsy, they make mistakes and you will harm your health as well as the business.
Make sure you take breaks to increase your productivity. Take the kids to the park for a couple of hours, relax or have some ‘me’ time with a hot bubble bath.
3. Build a team
There may come a time when you need to recruit people to work for you. Only select the best. Build a team around you that have the same work ethics and motivation as yourself.
Encourage your employees to do well, reward them aptly and work together to help your business go from strength to strength.
4. Communication is key
The bottom line for any successful director is communication. How you communicate with your colleagues, employees and family will make or break you. Get your point across in a diplomatic way, communicate your vision for the business but remember that you can’t lead properly if you can’t converse in a professional manner.
5. Don’t mix business with pleasure
One of the worst things that you can do is to take a perfectly good relationship and turn it into a professional one. This is a no-no. You may want to do your friends/loved ones a favour by hiring them but in the end, it may cost you your friendship.
If you do mix business with pleasure, be prepared to set some ground rules. Work is work and there are boundaries which shouldn’t be crossed.
6. Be consistent
One of the key qualities that you should have is consistency. There are millions of businesses out there that have been tried and tested, so when it comes to yours, don’t try to be different.
How does that work though, surely you need to be different to stand out from the crowd? Well yes and no. A good business model that has already been established works well- to diverse from this would be inane.
You can however differentiate your business goals, ethics and offerings but the fundamental principles to all businesses remain the same.
Think of it like McDonald’s. There are thousands of restaurants across the world. When you walk into each one, you know exactly what you are getting. This consistency is good business practice.
7. Be likeable
Being likeable is important. It will help your home life and your business. Many successful leaders have got where they are today by being likeable.
What determines likeability? 11 aspects contribute to this including listening, storytelling, authenticity, transparency, team playing, responsiveness, adaptability, passion, surprise, simplicity and gratefulness.
So there you have the top 7 tips to becoming a great director. Take each pointer into account, grow as a person and take your business to the next level in 2014.
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