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2016-09-13 00:00:00How To Run Your BusinessEnglishFor a small business to succeed, it needs a dedicated leader with a multitude of skills. Become the forward-thinking entrepreneur your...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2017/01/GettyImages-108364969.jpghttps://quickbooks.intuit.com/au/resources/how-to-run-your-business/small-business-ninja/How to Be a Small Business Ninja | QuickBooks Australia

How to Be a Small Business Ninja

2 min read

For a small business to succeed, it needs a dedicated leader with a multitude of skills. Become the forward-thinking, savvy entrepreneur your business needs by taking a ninja-like approach to your profession.

While training and personal development offer excellent ways to expand your repertoire, we’ve identified a few clever tactics you can employ to become the master of your business.

How to be a ninja-like business ops manager

To be a brilliant business operations manager, you need to wear a number of different hats, including sales, IT, finance, business and delivery – but how can one person master all the angles?

Learn how to delegate

One of the hardest things for new business owners to learn is the importance of delegation. No one person can manage everything, no matter how talented the individual. For a healthy business that is in a good position to grow, you need a reliable team and a boss who knows how to make the most of everyone’s skills.

To successfully delegate, first recognise your own strengths and weaknesses. Next, see how the rest of your team complements those attributes and assign tasks accordingly.

You may be forced to take risks and step out of your comfort zone – many business owners find it hard to hand over the reins – but the more willing you are to delegate and pass on responsibility, the more competent your employees will become.

Become a better entrepreneur

The entrepreneurial spirit is essential to any small business, but it needs to be backed up by sound knowledge of your project. Eliminate any unnecessary obstacles that might trip up your small business by being the savviest entrepreneur you can be:

  • Ask employees to sign non-disclosure forms that will keep new projects under wraps until the time is right
  • Assess your competition carefully and, where necessary, trademark, copyright and patent your ideas and trade secrets
  • Ensure you own your IP (intellectual property) and that your ideas are safeguarded before you start the pitching process

Be socially smart

Every small business needs some kind of online presence. For an increasing number of businesses, that presence is predominantly social.

Networks such as Facebook, Instagram, YouTube and Twitter make it very easy for you to set up a profile. That’s great, but the real problem is when you either spend too much or too little time updating it. Streamline your process by making use of social media monitoring platforms like Mention and Falcon.IO – you can manage your brand across several networks in a fraction of the time.

Master your finances

When it comes to keeping your small business in top shape, it’s easier said than done. Thankfully, there are tools to take the pain out of balancing your books.

With the right accounting software, you can rest assured your finances stay up to date without needing to slave over the figures every day. Save time and create a smoother, sleeker process for your finances with QuickBooks Online 

You need three things to be the best small business ninja: dedication, the ability to delegate, and the foresight to invest in the tools that can save you time and money in the long run.

To view more articles to help Run Your Small Business, visit here.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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