Improve your business management skills to grow your small business
Find out how improved business management can benefit your small business and how to upskill yourself.
Grow your business in South Africa with better business management skills
You may be an entrepreneur that's on fire for what you want to achieve with your small business, but that’s not going to make it work on its own. You need knowledge, skills, and experience to turn your business into a success, not just a great business idea.
We spoke to Niel, the owner of a small marketing consultancy, who wants to upskill himself because his business is in a transition of growth but feels that he cannot employ staff because he doesn't think he would be able to manage it.
Also, Niel believes that he could improve the way he currently operates his business but doesn't know how to beat old patterns and execute better business management.
Take a look at Niel's revealing answers to our questions about management.
Why do you think you need to improve your business management skills?
"My business is doing great, and I've reached the limit of my personal abilities. So, I need to employ people to help me. But I'm worried that I won't be able to manage that process and a bigger, more complicated business.
"Also, I know that I could be more efficient with my time and improve how I run my business."
By the way, what is an entrepreneur?
"I've tried a few things that I've read in articles, but I don't have a comprehensive plan to improve my business management skills.
"For me, I don't know where I'll get the time to study a business management course. So I'll probably do an online, part-time course. My concern with that is I'm not 100% sure that I'll do the new things that I learn as well as I need to.
"My brother, who also has his own small business, has a business mentor, who is a business-performance coach, that gives him useful advice. So that is another option.
"I need to stop procrastinating and make the changes that need to be made for the sake of my business."
Niel gave us some useful insights into the challenges he faces and how he could overcome them.
Do you want to know more? Read on to learn more about business management for small businesses.
Learn more about improving business management skills for small business owners
A well-known saying is that if you fail to plan, you'll plan to fail. A famous saying by Louis Pasteur is ‘fortune favours the prepared mind.’ So why is it that many entrepreneurs start a business, but not all of them can make a success of their business?
Who are entrepreneurs?
Entrepreneurs are people who start new businesses, put their neck on the line regarding the way forward, and hopes to get a good return for all their efforts.
How are entrepreneurs doing in South Africa?
Generally, they and their businesses have been improving over the last ten years. The challenge is to get hold of scarce resources.
Many keen and budding entrepreneurs out there just need to get the small business culture under their skin. They can't just have good ideas. They need to mix them with skills and hard work to succeed.
Do you know what business management is all about?
When you do business management, it means you plan, organise, and analyse your business activities in such a way to make your business succeed. This approach applies to all kinds of businesses, no matter how big or small.
Any business has many sections
These include administration, marketing, finance, human resources, supply chain and so on. You come in as manager to plan, organise, and control all these activities to achieve your business goals. But, in the end, it is the customer that you need to satisfy.
What’s it like having your own business?
Being an entrepreneur means you are the cool boss of your business. But there’s nothing like learning how to swim when you are in the deep.
It’s the only way to grow but cheer up – it’s a great adventure! You’ll never realise your strengths and talents unless you launch out into the deep.
Don’t only think of yourself
What about your community? If your business continues to grow, think about how many people could benefit from your company.
Never mind the people you employ, but what about the services you deliver to your community?
You, as an entrepreneur, are the spark that ignites creativity, innovation, and business in your area and across South Africa.
Why go on a business management course?
Completing a business management course will enable you as an entrepreneur to operate your business with all the necessary skills and knowledge.
The fact that South Africa’s unemployment rate is at a shocking 32.5% should spur on even the most laidback entrepreneur into action and attend such a course.
Here are some reasons that should convince you. A good business management course will:
Help you as boss of your small business to succeed through improved strategic decision-making.
Enable you to connect with other entrepreneurs.
Equip you to get more experience, and better understand the importance of teamwork.
Encourage you to be an incredible leader.
Help you to communicate your mission and vision effectively to others
Enable you to employ others that need a job.
Choose the right business management course
There are many courses out there. Research what well-respected educational institutes like universities and colleges have to offer. Also, speak to your friends, family or other people in your industry. Do you want to study online in the evenings or attend part-time classes in person?
For example, MANCOSA offers a Higher Certificate in Business Management. Or maybe Getsmater's eight-week Small Business: Growth and Management course would interest you? Take your time to choose the right course.
Choose Yoco as your growth partner
There is nothing you can't achieve with the right skills and the right company to empower your business. So choose Yoco, like 230 000 other small businesses, for affordable card machines and other convenient payment services and tools.
Get in touch with us today to find out more.