5 Strategies to Manage Your Vital Assets While You Lead a Business Man-management is an art, and most required in business

By Rahul R

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Man management doesn't require a university degree but the issue is that many who come out from a university lack it and unfortunately there is no remedy for that. It can insure your graph reaching the heights unimaginable and it can also nullify your efforts no matter what amount of money you put in. It's not in the capital it's in the management.

If you are a first-time entrepreneur having established an office of your own, and having recruited considerably-sized teams for your business, then it is imminent to understand that the success of your business depends on the management of your teams who undoubtedly are your vital assets. The more effective your team management skills are, the better is the degree of success in your overall performance.

In 2018, with the whole perspective of entrepreneurship and management having taken unconventional turns and resulting in the creation of creative result-driven solutions, Entrepreneur India lists 5 man-management trends that should potentially keep your business charged up substantially, team is fine-tuned to deliver results creatively:

  • Convert team weaknesses into strengths: You could achieve this by identifying key pain points of your team and by offering work that requires your team to face their fears and put their minds on. Always ensure that this work gets distributed equally among your team members and yourself as well. Always sit-down with the team and personally understand the pain points. This approach makes even the most mundane of projects; seem interesting whilst closing a weak area of your team members.

  • Encourage work pursuance, not work phobia: While you are the leader of teams at your office, always try to devise strategies wherein you motivate your team members enough so that they are on their toes to help you out with work projects. Never dump work in one go. After having assigned tasks, do check on whether there are difficulties plaguing your team members. If yes, address these and also potentially allocate different tasks based on task-handling skills of employees.

  • Never ask for reasons: In case a team member fails to meet deadlines, sportively find out if he/she could perform another task within the same deadline and assigns activities as per your evaluation of the task handling skills of this particular team member. Never ask for reasons as to why the task was not performed in the given timeline. Remember to cleverly get work done, rather than being a burden.

  • Organize role plays: At regular intervals, have mock sessions wherein roles of your team members are reversed. This would potentially enable you to derive insights on the strengths and weaknesses of your employees. This could also help you during their appraisals.

  • Avoid micromanaging as much as possible: Micro-management is not always good, especially when there are critical tasks to be performed at critical junctures. You could spare time to manage employees yourself rather than assign a manager for them; unless you have a very large team. Eliminating micro-management brings you closer which should potentially offer employees lots to cheer about as they are now better connected with the "boss".

Rahul R

Former Staff

Rahul R is a media professional with over 6 years of experience. Prior to Entrepreneur India, Rahul was a Senior Technical Journalist at EFY digital magazine. 

Related Topics

Business News

He 'Accidentally Discovered' a Semi-Passive Side Hustle in College — Now He's on Track to Make More Than $500,000 This Year

When a lack of funding put a stop to Zach Downey's pizza vending machines, he stumbled upon another lucrative idea.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


6 Tips for Successfully Communicating Your Personal Brand

Follow these simple guidelines to stand out from the crowd and effectively broadcast your own personal brand to the world.


The Rules of SEO Are Changing — Here Are 5 Powerful Strategies to Help You Rank in 2024

Do you need help to rank well on Google due to new algorithm updates? Discover five SEO strategies that work in 2024.

News and Trends

Edtech Startup Educational Initiatives Raises INR 166 Cr from HCL Group

The Bengaluru-based edtech firm wants to grow in Saudi Arabia, Kenya, Ghana, and South Africa. Additionally, it is seeking to acquire edtech product companies focused on improving learning outcomes.

Thought Leaders

46 Facts You Should Know About Entrepreneurship (Infographic)

Before embarking on your entrepreneurial journey, check out this handy graphic.