• Whether you have a small fledgling business or you have been in business for several years with a relative amount of success, brushing up on your business management skills can be essential to continued growth and prosperity. Managing your business can be fairly simple if you manage your time and employees wisely, utilizing the resources you have available to you.
  
  

Employee Selection

• Managing employees can be one of the most difficult challenges of running a small business. Business owners must be able to select the right employees to run their business. The U.S. Small Business Administration suggests six different things to do when going through the interview process to find a new employee: preparing for the interview in advance; taking detailed notes during the interview to remember the most important information; dressing professionally and creating a business atmosphere; being courteous and respectful to all candidates; and establishing open communication by asking open-ended questions. Selecting the right employees can make all the difference in the success of a business.
  
  

Leadership

• Leadership is another important aspect of business management, as noted by Robert Heller in his ThinkingManagers.com website. Heller notes that either a lack of leadership or the wrong kind of leadership can lead to the downfall of a business of any size. He notes the lack of leadership of companies like Enron as examples. Heller notes that it is important to analyze the direction your business is heading, but it is just as important to take action. Action should be taken by involving those you manage in the decision-making process. Heller notes that today's business climate is no longer conducive to the old model of giving orders and expecting obedience.
  
  

Planning and Organization

• The success of a business can also hinge on your ability to plan effectively and organize both your time and efforts. Brian Tracy of Entrepreneur Media notes that thorough planning and organization are two of seven habits necessary for having a successful business. Planning involves putting together detailed statements of what you intend to accomplish. This demands that you clearly define the nature of your product and service, who will buy it and what things set you apart from your competitors. Once your plan is in place, Tracy suggests organizing all the people and resources you will utilize before you begin to act.