You can be a successful manager!

Being a good manager means being a good leader. Workers need a good manager to be successful and satisfied with their job – managers need good workers for the same reason. And here is the question: how to make the workers-manager cooperation effective? The article below helps solve this significant issue.

Bad managers have a negative influence on workers and their results, what is more, they are frequently the reason why workers decide to quit their jobs. Good managers know how to act so as to make people motivated and willing to work for the whole company’s success.

There are certain behaviors which will just disqualify you as a manager and there are skills which will lead you straight to success. It is of course hard to generalize here, since different situation, different people and circumstances demand various strategies. However, there are a few skills which are essential for all good managers. So, how to make people want to follow you?

  • Create effective interpersonal relationships

It is crucial to get on well with other staff members. Trust and respect are the basics. Then, also good communication, cooperation and attentiveness are necessary. People who look down on the others, take them for granted and generate mainly conflicts will never be good managers. Their role is to be an example and to lead workers so that they could work as much efficiently as possible without stress and pressure. Nobody feels comfortable in the atmosphere of intrigues, conflicts and suspicions.

  • Take care of good communication

Effective communication is very important. You should be able to listen to people, and be open to receive feedback (when it is negative, you should be open for necessary changes).

  • Create a positive team spirit

It is normal that a company’s success depends on the work of its team. Without good cooperation between workers it is very hard to make any progress. Good managers are the team builders. Show workers their smallest corporate success and progress to keep them motivated and willing to cooperate.

  • Know a lot about the financial side of the business

A good manager should set goals and document the effects. For workers, seeing their achievements in numbers and money is a huge motivator.

  • Realize that positive morale of workers depends mainly on you

As it was mentioned, bad managers can make workers quit. Creating a friendly environment is necessary to make people happy every morning when they are going to work.

  • Avoid saying one thing and doing the other

If you are not consequent, just talk too much about something, and then you do not do it – you are not real (and serious) in the eyes of people. Know what you expect and expect it also from yourself.

  • Care about the development of employees

We sometimes forget that our job should, apart from success and money, enable us to develop. Many workers quit jobs, because they feel “stuck”. Good managers help workers develop by education, trainings or on–the–job learning. Personal development and career of employees should be one of the priorities.

There are much more desirable behaviors for managers. Those listed above are the crucial ones and you may want to start with them to see that it really works. Being a leader is not easy. You must be really flexible and patient, but the satisfaction from your excellent results can be even more rewarding than salary.

What are Small and Midsize enterprises (SME)?

These days we can observe an extremely wide range of businesses, from a one-person tiny firm to large international companies. The definition of a small or a midsize company is different in many countries, but in general, it depends on the number of employees, revenues and assets. For example in the USA, SMEs are not defined, in the European Union the definition says that a small company is the one with the number of employees lower than 50 and the midsize enterprise has no more than 250 employees.

Such businesses frequently have to cope with some financial problems, since for them it is more difficult to gain the needed capital. Although they are innovative and promising in their ideas, SMEs’ starts are usually more likely to end up with failure because of the lack of funds. Hence, the governments and various national organizations take action to help SMEs by special programs involving business education and by opening the wider access to loans.

Are such enterprises significant for the economic growth or these are only large companies which bring considerable profit?

Whereas even more than a half of SMEs have trouble with raising capital by receiving bank loans, and thus, are forced to survive on the personal funds or family loans, they are the creators of 80% of new jobs in emerging economies. At the same time, for such businesses the door to growth and development is often closed. It is a sad fact which should be taken into consideration by the governments.

Not only emerging economies benefit from SMEs. How is it in Canada?

Surprisingly, SMEs created 77% of new jobs in Canada between 2002 and 2012. The importance of these firms is huge – SMEs not only create new work places but also generate tax revenues. The problem is that these companies often struggle to survive and sometimes do not comply with tax reporting laws. Canada decided to solve the problems by teaching SME owners how to make their business develop. Apart from this, there are special audit programs to improve tax compliance.

SMEs in the United States

In the United States there is no certain characteristics which identifies SMEs. Here the division is different: small businesses and self-employed individuals are in one group and the second group consists of midsize and large companies. Being classified as a small business means no more than $10 million of assets and to be considered a large business you must have assets of more than $10 million.