6 Awesome Business Management Lifehacks

Lifehack # 1. Find a mentor.

A large number of businessmen do not understand how to improve management skills at the initial stage of a business.

In fact, it is enough to find a mentor and build your own mentoring technology.

How to do it?

First, be clear about what you want to accomplish when working with a mentor. For example: “I want to improve my managerial skills.”

Once the goal is formulated, proceed with the selection of an expert mentor. When choosing, you need to rely on his background and preferences for your type of business, your field of activity should be familiar and interesting to him.

The technology of referring to a mentor.

There must be consistency in the calls to the mentor. First, once a week, then reduce. Communication can be by phone or skype, meetings are allowed.

Important!

Listen to the mentor, but check his hypotheses, see if they work or not.

Lifehack # 2. Make a promotion plan.

For a phased business, an ABC system of goals for 2 and 9 months is effective, as well as a Roadmap for achieving them. You will know exactly what stage you are on, where you are going and where you want to come.

Simply put:

You must have a development plan. Let’s call it the advance map (from point A to point B) or Roadmap. It is necessary to formulate your actions in such a way that the other would logically flow from one and in the end everything would come to the desired result. This will give you the opportunity to evaluate intermediate achievements.

When implementing this roadmap, it is advisable to already have a mentor to help you in drawing up the map.

Lifehack #3 Create a closed club or mastermind.

The creation of a closed club will help you with development and personal learning.

How to create?

Gather three-month training sessions with groups of 3–5 people (non-competitive, one type of business) and arrange for them to meet with experts in various fields.

Possible topics:

• sales.
• technology ( lead generation, first purchase, repeat purchases, customer returns).
• marketing (positioning, packaging, content marketing, auto-funnels, customer warming).
• project management, business processes.
• finance and business security.

I continue to create such clubs, you can try it too, it is very effective.

Lifehack # 4. The co-founder is good.

You will be lucky if you find a strong partner, a trusted person, with whom you can consult, sort out mistakes and discuss personal business issues. Finding a partner is easier at the initial stage of an organization’s development, so hurry up.

An important rule!

You should always be honest with your partner. He should become for you like a wife, a person you trust, on whom you count. So try to keep your business relationship on a good note.

Lifehack # 5. Don’t rush to hire strong employees.

If you want to hire strong people to work, you must have a very strong, understandably built, business structure.

You must know the specific tasks of each employee, his competence. Then, in your organization, even ordinary managers will be strong employees. But such a structure is suitable only for large companies in which it is necessary to close specific places with specific specialists.

In a small, only developing business, it is very difficult to hire strong people. In the initial stages, the social lift works best; you will be able to grow your specialists, offering them career growth.

Collective relationships, like family relationships, are always based on trust. Openness and decency towards employees will lead to performance at work.

Lifehack # 6. Sale is a process, not just a result.

Often, entrepreneurs pay attention only to the figure that is obtained as a result of the sale of goods. It is not always necessary to focus on the final result, if the sales are lower than those you expect, do not rush to criticize employees and their work, plunge into the sales process itself and start changing the system within it.

The result of sales depends on the customer base (it is important to consider how many active/inactive customers you have, how many contracts, etc.), understanding of the structure of the company, knowledge of the market, team coherence, etc.

I have been using these 6 life hacks for many years. work and observe the result, so I can say with confidence that I am giving you effective business management advice.