Managing Your Startup

How to manage your new business?

 Know your own limitations and strengths

 Why should you have management skills?

If you are looking for investors to finance your new business, they will want to know your knowledge of the type of business you are starting and whether or not you have management skills. Just because you are a brilliant lawyer, doctor, accountant, carpenter, engineer, nurse, plumber, crafter, etc. there is no guarantee that you can manage people in your business.

 Business Plan Outline: Section 8. Business Management                                                               (Fill in your background in your in the Business Plan Outline)

 Personal History

Your resume’ should include emphasis of your skills in this area as well as any management or coordinating experience:

Education and life experience that has influenced your abilities:

What managerial experience you have had ( another business, a club, a team, an organization, etc.)?

Why are you going to be successful in this venture?

Good News!

The good news is that you can learn to be a good manager. In fact, if you start a business which requires administration and you don’t really have the skills to administrate, you can hire someone who can show you and teach you or who can handle the administration. This solution also goes for sales, marketing, personnel and other functions. These can be in your business plan and shows that you recognize your own weaknesses. That is the sign of a good manager. (See Business Management)

 Some people are natural managers. Most of us need help. Give me a call.

                                                                                                                        RJS