Business administration: 12 tips to improve your management
Posted: Mon Jan 20, 2025 5:59 am
Managing a business is no easy task. Whether it’s big or small, there are daily operations and demands that require your attention, and that of your employees, to produce, sell and prosper.
Having an organized company, with a system that improves its management and increases productivity can provide more success, in addition to an improvement in the quality of life of workers.
With that in mind, we have put together 12 tips to improve your business administration, check it out!
12 tips to improve your business administration
1. Set medium and long-term goals
Do you know what your company’s medium Thailand Phone Number Lead and long-term goals are? If the answer is “no,” it’s time to grab a pen and paper and start planning your business’s next steps.
They must take into account customers, markets, suppliers, employees, production and sales. To help, we have prepared an article with the 10 steps to create a strategic plan that is worth reading .
effective business management
2. Separate personal and professional accounts
A common mistake among entrepreneurs when it comes to managing their businesses is mixing personal accounts with business accounts. It takes time for the business to show a profit, and with mixed accounts, profitability will never happen.
If you want to learn how to separate an individual from a legal entity, check out this video full of tips on our YouTube channel.
3. Focus on innovation
Innovation in products, services and the way companies are managed is essential for their growth. Therefore, it is essential that managers are always up to date with new market trends and technologies. The continuous search for improvements directly contributes to increasing the company's competitiveness.
4. Have working capital
Every company needs to have working capital so that the business can run smoothly and be prepared for possible unforeseen events. But it is no use having money left over in the account; you need to know how to manage it so that it can support the company's health, ensuring a good image of the business in the eyes of the market, customers and suppliers.
5. Don't forget the small expenses
Finances are an essential part of business management. For a business to be successful, you need to have full control over all your expenses, including small expenses.
At first glance, they may seem insignificant, but when we add up the expenses over the weeks, months and years, we can see how they add up and can be great sources of cost-cutting. We recommend management spreadsheets for small and medium-sized companies that can help you keep track of these expenses.
6. Be a conscious consumer
It is the duty of companies to contribute to the sustainable development of the country, so investing in social and environmental responsibility is essential. Pay attention to the damage that your company's activities and facilities cause to the environment and promote social actions and projects, raising awareness and involving employees and society.
How to organize your business finances?
7. Include employees in business management
When employees are included in the management and organization of the company, they perform their daily activities better. Clearly define the roles and responsibilities of each employee, making it clear their participation in the success of the business.
8. Know how to take advantage of customer feedback
Conducting regular satisfaction assessments and creating appropriate channels to listen to customer complaints and suggestions is extremely important. Analyzing social media and complaint websites, such as Reclame Aqui , can also help. However, it is not enough to simply know the praise and criticism of your customers; you need to take advantage of this feedback and make improvements to the company, its customer service, products and services.
Having an organized company, with a system that improves its management and increases productivity can provide more success, in addition to an improvement in the quality of life of workers.
With that in mind, we have put together 12 tips to improve your business administration, check it out!
12 tips to improve your business administration
1. Set medium and long-term goals
Do you know what your company’s medium Thailand Phone Number Lead and long-term goals are? If the answer is “no,” it’s time to grab a pen and paper and start planning your business’s next steps.
They must take into account customers, markets, suppliers, employees, production and sales. To help, we have prepared an article with the 10 steps to create a strategic plan that is worth reading .
effective business management
2. Separate personal and professional accounts
A common mistake among entrepreneurs when it comes to managing their businesses is mixing personal accounts with business accounts. It takes time for the business to show a profit, and with mixed accounts, profitability will never happen.
If you want to learn how to separate an individual from a legal entity, check out this video full of tips on our YouTube channel.
3. Focus on innovation
Innovation in products, services and the way companies are managed is essential for their growth. Therefore, it is essential that managers are always up to date with new market trends and technologies. The continuous search for improvements directly contributes to increasing the company's competitiveness.
4. Have working capital
Every company needs to have working capital so that the business can run smoothly and be prepared for possible unforeseen events. But it is no use having money left over in the account; you need to know how to manage it so that it can support the company's health, ensuring a good image of the business in the eyes of the market, customers and suppliers.
5. Don't forget the small expenses
Finances are an essential part of business management. For a business to be successful, you need to have full control over all your expenses, including small expenses.
At first glance, they may seem insignificant, but when we add up the expenses over the weeks, months and years, we can see how they add up and can be great sources of cost-cutting. We recommend management spreadsheets for small and medium-sized companies that can help you keep track of these expenses.
6. Be a conscious consumer
It is the duty of companies to contribute to the sustainable development of the country, so investing in social and environmental responsibility is essential. Pay attention to the damage that your company's activities and facilities cause to the environment and promote social actions and projects, raising awareness and involving employees and society.
How to organize your business finances?
7. Include employees in business management
When employees are included in the management and organization of the company, they perform their daily activities better. Clearly define the roles and responsibilities of each employee, making it clear their participation in the success of the business.
8. Know how to take advantage of customer feedback
Conducting regular satisfaction assessments and creating appropriate channels to listen to customer complaints and suggestions is extremely important. Analyzing social media and complaint websites, such as Reclame Aqui , can also help. However, it is not enough to simply know the praise and criticism of your customers; you need to take advantage of this feedback and make improvements to the company, its customer service, products and services.