BASICS OF BUSINESS MANAGEMENT
LESSON 7
CONCLUSION – WHAT HAVE WE LEARNT?
FIRST OF ALL, YOU MUST KEEP IN MIND THAT BUSINESS MANAGEMENT GENERALLY CONSISTS OF FIVE COMPONENTS:
- PLANNING,
- ORGANISING,
- STAFFING,
- LEADING, AND
ALTHOUGH EACH OF THESE COMPONENTS IS FUNDAMENTAL FOR A SUCCESSFUL BUSINESS, STAFFING WILL NOT APPLY TO YOU IF YOU ARE WORKING ALONE. BUT EACH OF THE OTHER COMPONENTS IS EQUALLY IMPORTANT, NO MATTER HOW BIG YOUR BUSINESS IS. ONLY THE DEGREE HOW DIFFICULT THE COMPONENT IS DEPENDS ON THE SIZE OF THE BUSINESS.
FOLLOWING ARE DEFINITIONS OF EACH COMPONENT IN ONE SENTENCE:
- PLANNING MEANS WHAT YOU WANT TO ACHIEVE WITH YOUR BUSINESS, AND HOW YOU WANT TO ACHIEVE IT.
- ORGANISING MEANS TO ALIGN HUMAN LABOUR AND AVAILABLE RESOURCES SO THAT THE PLANNED SUCCESS CAN BE ACHIEVED.
- STAFFING (ONLY IF IT APPLIES TO YOU) MEANS CHOOSING THE RIGHT PEOPLE WITH WHOM YOU WORK TOGETHER FOR THE SUCCESS OF THE BUSINESS.
- LEADING MEANS TO SHOW THE PEOPLE YOU ARE WORKING WITH – OR YOURSELF IF YOU ARE WORKING ALONE – THE RIGHT STEPS TO ACHIEVE A SUCCESSFUL BUSINESS.
- CONTROLLING MEANS TO HAVE THE OVERSIGHT OVER PEOPLE AND PROCEDURES SO THAT THE EXPECTED SUCCESS IS ACHIEVED.
AT THE BEGINNING, IT MIGHT BE DIFFICULT FOR YOU TO CORRECTLY ALL THESE FIVE COMPONENTS, BUT IF YOU ARE CONSEQUENT, YOU WILL SEE THE SUCCESS IN NO TIME.
AND REMEMBER THAT A WRITTEN BUSINESS PLAN IS AN ESSENTIAL FOUNDATION FOR YOUR BUSINESS.
AND NOW I WISH YOU GOOD LUCK IN THE DEVELOPMENT OF YOUR BUSINESS!
