Starting a Business For Dummies, 5th UK Edition

Chapter 18

Becoming a Great Manager

IN THIS CHAPTER

Seeing why you need a team and how to build one

Planning for your own successor

Delegating effectively

Developing the right leadership style

Preparing for change

In business, one of the simplest profit calculations is profit per employee. Until you become a massive company with more than 500 employees, each employee you add increases your profit. Still, you needn’t worry too much about what happens when you have 500 employees on your hands. Well, not in this book, anyway.

But employees aren’t a trouble-free resource. To maximise the employee–profit ratio, you have to manage your employees so that they produce quality work for you. You have to build them into teams, and lead and manage them to prepare them for the roller-coaster life of change that is the inevitable lot of a small, growing business.

In this chapter, I give you the tools you need to become a successful and effective manager.

Becoming a Strategist

From the get-go, ...