Business Advice: Two Heads are Better than One

When it comes to getting and giving business advice, there is no one-size fits all.  There is no one key to a successful business; why? Because a business is not a single entity, it is not a manufactured thing with one mind and one purpose. A business is a group (small or large) of individuals with a plethora of ideas, problems, feelings, etc. So what is one of the many pieces of business advice that can actually help a group of people who are working together to create a business?  One idea is to remember that two heads are better than one. Here are some ways you can utilize this way of thinking:

  • Collaborative Thinking

A boss is necessary; some sort of hierarchy in a business is necessary. However, that does not mean that the people who are at the bottom level of the hierarchy are drones with no original thoughts or ideas. All of the people in your business deserve the chance to voice opinions, share ideas, and improve the company. Providing a weekly meeting or some other form of get-together where your employees can practice collaborative thinking is a great way to use your most valuable resources: the people who work with you every single day.

  • Ask Questions

As the boss you can become detached from the daily goings-on that happen within your company. If you have questions about what is going on, ask. If you want to know your employees opinions on how they think they could improve their job, ask them. Ask questions to get better acquainted with your company and your staff.

  • Encourage Dialogue between Groups

Sometimes there are a few people between you and the rest of the company. There are sub-bosses, coordinators, group leaders, etc. Encourage dialogue between all of these groups so that everyone in your business knows what is going on with everyone else. It might sound nosy, but it is more efficient because if a person from one department knows how another person in another department does his or her job, it could make it easier to do the job right before it gets sent to someone else and needs fixing.

  • Provide Positive Reinforcement for Good Ideas

If an employee comes to you with a good, great or even decent idea, you should provide positive reinforcement for those ideas. If you use the idea, make sure other people in the company know where the idea came from. Provide financial incentive, or bonuses, or even positive words of encouragement.

Two heads are better than one!  Listen to your employees and encourage them to provide you with suggestions and feedback in order to improve your company.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website www.portalcfo.com.

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