Management – the term in itself speaks of a tremendous burden of responsibilities that may not be suitable for a normal professional.

This phenomenon requires one to assemble a successful team and regulate their operations for higher productivity.

Management applies to all businesses, no matter if it is small or big. That is why, it is of high significance.

Read Also: Performance Appraisal – All You Need To Know

But, here’s the catch:

A business cannot flourish without the role of an effective manager to guide the team. If you are responsible for managing a team of your own at your company, then this post will help you with the right strategies for effective business management.

 

1. Be An Effective Delegate

 

Management is all about administering various responsibilities upon your team members, progressively. This is the first rule that you need to keep in mind while managing your team.

Delegation opens new ways of polishing the skills of your employees. If you keep on doing every member’s job yourself at your company, then it would not be productive. Eventually, you will exhaust yourself.

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Learn to manage the team by assigning the tasks properly based on their skills. Try to provide each team professional with a task that he or she can complete with confidence and passion.

If two or more members have the same skills for a project, then you can team them up to complete the task at a much faster rate. That is how you should strategize your management decisions.

 

2. Be A Team Leader

 

A leader acts as the fuel to ignite flames within the team members. With a leader-cum-manager’s inspiration, the subordinates will be motivated to complete assigned tasks with a new sense of responsibility.

Try to understand and know each of your subordinates individually. You do not have to be too personal while conversing with them, but do maintain a healthy relationship to show them that you are interested in speaking to them.

Your team members will understand how you are making effort to create a connection with them. They will feel motivated to follow your plans.

 

3. Show Productivity

 

As a manager at your firm, you are bound to show results, right? But, without an effort, you may never achieve the level of an effective business manager. So, to deal with the situation:

  • Focus on managing your tasks.
  • Get out of your comfort zone to understand how you can benefit your company in a better way.
  • Plan your moves for assigning projects skillfully so that you know how the output should turn out.
  • Be aware of the pros and cons related to the tasks as well. You may never know what issue hits you while a project is in progress, such as team members on sick leave, reduction in project deadlines, etc.

Your commitment to achieve excellence in your work will reward you as an effective business manager.

 

4. Don’t Be Reckless With Your Decisions

 

A manager also needs to be aware of making careful decisions. Time comes when there is a need to decide whether you are taking up a responsibility or not. If you can handle it, say YES. But, if you cannot do it, and are already packed with work, then just say NO.

Here’s why it is important:

Imagine a situation where you have 3-4 projects under you. Your senior asks a team of managers, including you, to volunteer taking another project. Just to stay in your senior’s good books, you volunteer to take another project.

You got the project but at the cost of loading another layer of pressure upon you and your team. And, later you may realize that you do not even have a relevant team to accomplish the new project.

This will make your team feel frustrated. So, be careful what you decide about various situations while answering as an effective manager.

 

5. Consider The Opinions Of Your Team Members

 

Asking for suggestions and opinions from your team members can help to show them that you care for their views too. Surely, there are multiple ways to complete a task.

Read Also: 13 Ways To Motivate Your Team Members for Better Performance

You may have your own way to do it. But, it is possible that some of your team members are also having their own suggestions to speed up the work efficiently. Thus:

  • Freely ask them what are their suggestions related to a specific task.
  • Involve them in the project at a similar level as you.
  • Act as a colleague working together, instead of just being a stubborn boss.
  • Generate their interest in the project by caring to know what they have to say about it.

This strategies for Effective Performance Management will help you raise awareness for the project and help your team perform better under your guidance and leadership.

 

6. Personalize Training Methods To Improve Your Team’s Performance

 

A good level of professional exercise can improve the skills of your team. For this, you need to first understand what level of skills each of your team members have in them.

Learn about their ideas, fears, weaknesses, and strengths. Based on your collected data, create various training methods that can improve their productivity at the office.

You may need to show some efforts here, as each of your team members may not be fit for the same training method. Learn to personalize the training programs so that they can feel motivated to perform in the training at their own pace.

 

7. Be Transparent With Your Team

 

You will undoubtedly look for honesty and a submissive nature from your employees. But, maintaining a prudent level of transparency will also ask of you to do the same for them first. Being transparent to your team will ensure a strong relationship of trust between you and your team.

Remember that you are at a higher position than them, so your management should be fair for all members. Plus, you should never lie to them about any professional situation. Your employees may fail to respect you if you are not indulging in an honest conversation with them.

With your efforts of transparency and corporate companionship, your team will learn to be true to you as well. So, learn to be transparent with them and win their hearts.

 

8. Reward The Ones Who Deserve Recognition

 

Every now and then, you will have to acknowledge the hard work done by your employees.

Rewarding them for their efforts will ensure that they have the motivation to work even harder for you. Their attitude towards you will also be appreciative.

You can choose from a multitude of options to acknowledge their performance, like offering a bonus or a promotion. Never do this while they are with you in your cabin privately.

Do it openly in front of other team members so that they can also witness the fruits of hard work. It can encourage them to work at a similar or better pace to complete their tasks and improve their performance.

 

9. Clarify The Goals Before Assigning A Project To Your Team

 

As a manager, your team relies on your judgment. Thus, it is your responsibility to make sure that all goals related to a project are clear to them. Note that each team member may have a different level of intellect.

You want your team members to know how you envision a goal for a project. But, it is possible that they are not on the same page as you. So, make them aware of it first. After that, assign them the project section that they need to accomplish to achieve high productivity.

 

10. Carry Regular Evaluations To Judge The Skills Of Your Employees

 

You need to evaluate their skills and see how team members are progressing with each day. Learn their strengths and weaknesses to see where they are lacking and where they are excelling.

Read Also: 13 Ways To Motivate Your Team Members for Better Performance

Prepare the trainings as mentioned in one of the previous strategies for Effective Performance Management. Learning how they will indulge in the tasks is important for effective business management.

Final Notes:

Being an effective business manager involves a number of key strategies. The ones mentioned above are some of the main ones that you ought to consider for becoming a good business manager. Follow them and be successful in your career.

Working as a team is important for any organization to reach the goals within minimal time frame. However, all members of a team may not be working from a single office but may be scattered in many parts of the globe.

This can be really challenging when it comes to collaboration including team communication, work flow and project management. There are many online collaboration tools available now which can be really handy during these times.

Whether it is file sharing, documentation, design or even organized remote communication, there are specific tools that can make the job easy and more organized.

Are you looking for amazing online collaboration tools to enhance your team productivity? Then have a look at this huge list of the top rated tools for the job.  

Read Also: Top 26 Apps For Internal Employee Communication in 2019

1.Yammer

Collaborating across locations, departments and business apps is no more a problem as this private social network can be handy. You can create groups and share posts. All what you need to access your venture’s Yammer network is an email id from the particular company’s domain.

2. Asana

All employees of your team can log on to this cloud platform, provided they have a WiFi connection. This project management tool lets you have an overview of all current projects and the three panel dashboard lets you access any data of a particular project.

3. Slack

Remote teams can make use of this power house messaging app to improve their communication. It comes with numerous bots and powerful integrations and operates in channels. Tracking and archiving conversations will be easy through channel options.

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Remote teams can make use of this power house messaging app to improve their communication. It comes with numerous bots and powerful integrations and operates in channels. Tracking and archiving conversations will be easy through channel options.

4. LiquidPlanner

This project management tool is particularly designed to help technology teams. Tool’s flexibility is the key and team can use it to collaborate seamlessly, organize projects in a better way and track time taken for completion of projects.

This project management tool is particularly designed to help technology teams. Tool’s flexibility is the key and team can use it to collaborate seamlessly, organize projects in a better way and track time taken for completion of projects.

5. Skype

This is one of the most common communication tools used by business professionals for its awesome features and free accessibility. Audio and video calls can be made despite the type of devices used on both sides. Group call feature can be a good help during group discussions on projects remotely.

6. Airtable

Creating and editing of databases can be done in a better way with this project management tool. You can easily sort out project elements by organizing information in tables. Collaboration is well supported as it allows creating and saving custom views.

7. Hipchat

Your team collaboration can be made more efficient with this private hosted chat service. Unlike group chat, this tool allows for collaborating tasks and docs by uploading it according to individual convenience. Video chat feature can be initiated from any device allowing you to communicate with the team on the go.

8. Basecamp

This project management tool is ideal for smaller business teams to manage their work decently. This very affordable software is powerful but comes with simple and easy to use features. The tool has a very minimal learning curve.

9. Google Hangouts

If your venture is on a budget, you can go for Google Hangouts to help you move on. Hangouts on Air allow you to record the Hangout so that you can view it later on your convenience. The privacy feature lets you to hide the public display of Hangouts.

10. Confluence

This wiki platform lets you to share and upload documents and create pages for your team. It features an internal documentation library and an easy-to-use interface. It also features good storage and search capabilities to effectively manage data on past, present and future projects.

11. GoToMeeting

Hosting a meeting with your customers or colleagues is a lot easier than you think if you choose to use GoToMeeting.You can simply launch a meeting from anywhere despite whether it is instant messaging or emails and features one click recording.         

12. Soapbox

It is a user friendly screen recording tool known for its ease of use. Its option to simultaneously do webcam recording and screen recording makes it a unique option. During editing, you can add transitions and share video via a thumbnail in any web page through a link.

It is a user friendly screen recording tool known for its ease of use. Its option to simultaneously do webcam recording and screen recording makes it a unique option. During editing, you can add transitions and share video via a thumbnail in any web page through a link.

13. Invision

The design collaboration with your team can be made easy with this enterprise grade prototyping tool. From uploading designs to gathering feedbacks, everything related to design can be made remotely. In fact, projects can be managed from a single dashboard.

14. GanttPRO

This is a user friendly web-based project planning tool which is designed to work on the basis of Gantt charts. Its intuitive UX/UI design makes anyone an advanced user of the software in merely few minutes. It comes with a resource management feature and you can create and assign task to individuals.

15. LastPass

This online password manager lets you track the many numbers of passwords and usernames needed for your project with ease.  There is no limit for number of passwords that can be stored and provide syncing option across devices

16. Concept Inbox

This is a comprehensive visual design collaboration tool that helps to manage project designs remotely. It keeps track of versions and enables everyone to keep up the speed. With email notifications and in-context annotations, the app allows real time feedback on prototypes.

17. Filestage

This user friendly collaboration application is a good option to streamline the review and approval processes and improves internal and external communication. The tool helps you to get feedback from clients on desired documents and enhance the quality of conversations based on feedbacks.

18. Google Docs

Collaborating, editing, sharing and publishing any kind of documents with remote teams is easy with Google Docs. Creating spreadsheets, presentations or blog posts are a lot easy with this tool. All these can be done free of cost.

19. Cage

This tool for smaller business and teams allows sharing of files with customers in an easy and more organized way.Assigning and managing tasks are made simpler and visual comments can be made on the design making the project more interactive.

20. Sketch

It is a comprehensive tool for UX design deliverables aiding web design professionals. Designers can simply create a design once and use it whenever needed in future. Flexible design elements can be made with nested symbols.

21. Prevue

Creating beautiful presentations with your clients or customers is no more a big deal if you use Prevue. In fact, presenting the project and getting the client feedback is almost possible in real time with this app.

Creating beautiful presentations with your clients or customers is no more a big deal if you use Prevue. In fact, presenting the project and getting the client feedback is almost possible in real time with this app.

22. WebEx

Managers who host the meeting with their remote employees can use this tool to share their desktop with them easily. It features face-to-face live video option and even the control of keyboard and mouse can be transferred to any presenters if desired.

23. Office Online

Startups looking for a quality tool for basic documentation and editing can go for this free version of Microsoft’s original Office suite. Even when there are some limitations when compared to paid version, you can get the best out of Word, Excel, PowerPoint, and Onenote for free.

24. Usersnap

This bug tracking software enables your team to report bugs in the browser. The time for communication can be reduced as it can be seamlessly integrated with existing workflows. Feedbacks for website prototypes and design drafts can be easily made.

Read Also: 15 Tools for Improving Employee Productivity

25. Etherpad

This is a comprehensive collaborative editing tool that works in real time which is available for free. This Open Source online editor is highly customisable and clients and customers can write and edit the documents in same time.

26. SugarSync

In addition to taking back up of your file, SugarSync allows you to maintain even the folder structure unlike many similar tools. This helps to know exactly where your desired files are and access it pretty easily.

27. Google Drive

Easy and quick organization of files is possible with this awesome tool and you can share the desired files with your team anytime. You can store up to 15 GB of files for free including any digital files and team can access it from any device.

28. Nimble

With this tool, your social media contacts and address book can be combined into a CRM solution for sales and marketing. It features group messaging options and provide insights into who has clicked or opened the messages.

With this tool, your social media contacts and address book can be combined into a CRM solution for sales and marketing. It features group messaging options and provide insights into who has clicked or opened the messages.

29. OneDrive

This is one of the top class file sharing tools from Microsoft which offers 5 GB for free and another 50GB if you pay. This comes pre-installed on Windows 10 which is compatible with all devices. Accessing and sharing files is allowed despite PC, Mac, Android, and iOS.

30. ProofHub

This comprehensive tool enables your team to stay more productive at work as it offers anything and everything required to plan and run the projects. You can even set dependencies on tasks in addition to adding people and assigning roles of team members.

31. Dropbox

Syncing your work is a lot easy with Dropbox despite the type of device used or where you are. The business version of the tool offers 1 terabyte space and comes with additional features like higher sharing limits and priority email support.

32. Red Pen

The visual teams can find RedPen as a really handy fast feedback tool. It allows you to receive feedback from your team and your thinking can be explained through clicks and points. Feedback from clients can be received through private links.

33. MediaFire

This is one of the simple storage and file sharing platforms with user friendly features. Even when it doesn’t offer any high end features which makes the tool complex, it serves the purpose of the actual file sharing needs to run a project decently.

34. Zoho

This is a mixture of project collaboration tools allowing clients or customers to come together and execute planning and related works all from a single place. The tool enables you to create project workspaces that help to work as a team despite their geographical location. 

35. Chanty

Seamless collaboration and communication is practical with this business messenger which is powered by AI. The handy file sharing and unlimited searchable history with instant messages can make small teams to go more productive. It features voice transcripts and audio and video calls.  

36. Podio

This powerful project management tool lets managers to run their businesses smoothly despite whether their team members belong to which all countries or time zones. They can easily have a look on their daily tasks or even see how productive their working days are.

37.Zoom

This awesome tool lets managers to perform online training and demos and collaborate virtually. It enables you to share your screen, web pages or photos and cloud content. It even comes with a white board feature and group messaging options.

38. Trello

This web-based project management tool lets managers to organize the projects using cards. The cards are organized on a board and each column signifies a part of the project. This lets you to have a glimpse on the board and check on project status.

39. join.me

This simple online meeting tool is a great option to work with remote teams with file sharing and screen sharing options. It is browser-based and so assures user friendliness and features audio and video conferencing options. All you want is a session ID on join.me to join a conference.

40. Wrike

With Wrike, you can take project management to a different level as it lets you to effectively break heavy tasks into simple goals and manageable units. Data reading is possible for analysing the time and money invested on each project and lets you easily track individual performance to the team.

41. Teamviewer

It is a comprehensive tool for telecommuting, collaboration and IT support. With just a password, admin program can even allow reverse sharing so that client can access admin computer. One can even run a portable version of TeamViewer without installation.

42. Stormboard

The digital workspace of this tool let you to minimize the number of meetings and track the progress of projects seamlessly. The tool enables you to do anything from planning a project, assigning tasks to employees, holding a meeting to setting goals, deadlines, and milestones.

43. Zipboard

Teams handling web related projects can use this visual platform for easy collaboration. Automatic updates are sent to team if a problem is reported or resolved. Screenshots of prototypes can be uploaded and feedback can be provided by team.

44. Bitbucket

This is one of the large and software repository platforms for effective project management. The tool was designed by Atlassian which justifies its popularity and it offers unlimited private repositories. With this tool, collaborating on projects is really easy for developers within enterprises.

45. GoVisually

This tool for designers is particularly meant for freelancers and small business teams to share their creative work. Receiving recommendations and feedbacks from clients is possible without the need of any logs. It lets you design files and work on multiple projects with your team from a single place. 

46. SimpleMDE

This free to use simple markdown editor is flexible to suit your specific needs. It comes with a subset of the HTML features with all the basic editing options needed during the project processing.

47. Codepen

This awesome software tool comes with the tag line “A playground for the front end web.” You can just start off the tool for free and may upgrade to higher versions for pro features. Finding inspiration or design pattern examples for your project and try building a test case for a bug is practical with this tool.  

48. Clickhelp

This browser-based documentation tool enables project managers to set up and publish FAQ tutorials or user manuals with ease. It comes with a range of pre-built templates with diverse themes. It allows integration with Google Analytics and offer support for Meta tags.

49. Mailbird

This email client for Windows makes your online communication more seamless. Other messenger platforms can be managed well as it allows third party integrations. It is known for its ease of use as the app can be learnt within 5 minutes.

50. Gitlab

This web based git repository service lets teams to secure projects on a more minute level and assures safety of projects while team is working on it. It is written in the Ruby language and comes with stand out branch protection, permissions and authentication features.

51. Moqups

This web-based wireframing solution is flexible in nature and allows managers to approach a project in a better way. The project workflow can be revolutionized using its powerful prototyping features. The interaction between assets and elements of a project can be done without switching apps.

Read Also: Top 20 Parental Control Routers to Use in 2019

Keep this awesome list of online collaboration tools as a check list which might help you whenever you are finding it challenging to collaborate with your team.

Even when a good collaboration tool can add a lot of value to your team success, choosing the right tool that serves your actual purpose is the key.

For that you will have to spend some quality time on discussing the pros and cons of the tools in question and analyze how it will help you in betterment. 

Even when a good collaboration tool can add a lot of value to your team success, choosing the right tool that serves your actual purpose is the key. For that you will have to spend some quality time on discussing the pros and cons of the tools in question and analyze how it will help you in betterment. 

Always consider tools that offer multiple features so that your team can use tool in various possible ways.  And a Cloud-based technology can be preferred as you need not worry about the version controls.

Working as a team is really important in any organization or business to get things done in minimal time with maximum efficiency. Even when the manager is responsible for the outcome of the project assigned to him, it is not practical for him to do everything alone.This is where ‘delegation of authority’ is important when the manager divides his tasks and power to his subordinates or team to meet the target on time.

When it comes to business organizations, delegation of authority power relates to the right of the manager to take timely decisions, give orders and allocate and utilize resources efficiently in order to accomplish the organizational objectives. Here we can have a look at how delegation of authority is beneficial to business.

Read Also: How To Give Positive Feedback To Employees

1.Good collaboration among team

Delegation paves the way for open communication and trust within the team. A good collaboration among team mates helps to get the job done smoothly.

As employees get a feel that they get some space to prove themselves or make some positive changes to the organization, they feel more important. This brings out the best in them.

2. Facilitates growth and expansion

With the right use of delegation, better expansion and growth of business activities can be facilitated. You can also see flexibility in organizational structure.

With the right use of delegation, better expansion and growth of business activities can be facilitated.You can also see flexibility in organizational structure.

In fact, more layers can be added to the existing structure of organization depending on the changing requirements. This even helps to screen out employees from executive level if they are found to be less productive or inefficient in handling activities at the lower level.

3. Benefit of specialization

In a dynamic environment, specialization in certain working area can bring in success.The role of managers is to share the responsibility or authority of certain work to individuals who are specialized in that.

That person might find it really easy to do it. So managers can tactfully share the work by considering the ability and knowledge of the team mates in a particular area.

4. Develops a positive business culture

Delegation boosts the overall team morale and productivity. It also helps the company to develop a set of highly-qualified employees, who can get the job done even in manager’s absence. As the work load is reduced, everyone in the team gets enough free time which promotes a positive working ambience.

Managers should assure proper communication and support as and when needed, but give them the space to work on their own. Micromanaging the delegated tasks can in fact kill the creativity and they just become mechanical replica of your role.

5. Builds team spirit

As bonding and mutual understanding takes a high when delegation of work to a group is promoted, it helps to build good team spirit. As they can work together to achieve a common goal, team spirit will be notably high and this paves the way for better productivity.

This also means that nobody needs to work alone with their limitations as they can help each reach targets with minimal effort.

6. Option for training and development

Delegation of authority also provides a platform for managers to provide training and development to their team. The team gets hands on experience in certain work areas and this gives them a good opportunity to showcase their skills and get better out of their efficiency.

Getting a chance to make crucial decisions based on their ability and knowledge also helps them to develop their managerial efficiency.  

Read Also: 45 Motivational Quotes For Employees

7. Balance the workload

The key advantage of delegation is sharing the workload or responsibility with others so that managers will get some breathing space to do more productive works.

Fair distribution of work in fact enhances overall productivity as a team is working towards a common goal. Shouldering smaller responsibility with team mates help managers to focus on more important areas and decision making that affects positively in the company turn over.

They can enhance their managerial efficiency and effectiveness as they can invest more time on creative functions while sharing the routine natured works to less experienced team mates.

8. Opportunity to test employee skills

There is no better way to test the skill set of your employees. No written tests or planned practical tests can give you the actual results. Assessing how your delegates handle the role in the real life scenarios help you to assess their skills and study their limitations.

More than rating the performance, this in fact gives a room for improvement as you can arrange skill enhancement programs for your team.

Also delegation gives your team scope to analyze situations, think creatively, be more alert and become better decision makers.

9. Motivation for team

When you choose your team mate to hand over an important task, this is indirectly giving them a boost in motivation. They will get a feel that they are being recognized for their hard work and they feel important for the organization.

When he gets a feel that he is being trusted by management for higher level jobs and they rely on his abilities, it motivates him to work with better efficiency. This enables him to come out of the comfort zone and make better use of his abilities.

10. Give way for better organization

Delegation of authority can even serve as a basis when developing an organizational structure. The sharing of responsibility and authority can reflect on the number of layers that are present in an organization.

This can directly have an impact on the functioning of the enterprise and that is one main reason why management is very keen with this process.

Moreover, when work is properly shared among the right hands, top level managers can skip the direct interaction at the lower level. This helps them to shift their focus instead to organisation planning, leadership, and coordination.

11. Builds trust and understanding

This process simply means that the person in charge of some duty actually trusts someone else and their ability and reliability to get it completed on time. When you do this inside a team, this in fact leads to better understanding and trust within the process and team mates.

This is also an opportunity for managers to test the skill set of their colleagues as well as analyze their dedication and approach towards work. This helps them to make good decisions when it comes to promoting them to top levels or when allotting them a single handed project.

12. Quicker and better decision

The process of delegation can in fact help to push the decision faster and better. Even while being within the limitations, employees can make quick decisions within their specific area in a pretty quick time.

Rather than the top level managers, the employees who are working closely to the clients or field workers will have better information in hand and the decisions can be made without much effort.

They can even make better change of plans or strategies as and when the situation demands if they are given the power of decision making.  

13. Gives scope for innovation

The right use of delegation of authority can also give way for more innovation. When certain individuals are given the right amount of freedom and powers, they can actually think differently and come up with interesting ideas.

Delegating the power to the right individuals can trigger innovation in the whole work space and they can contribute positive changes and out-of-the-box ideas within the organization.

Read Also: 45 Motivational Quotes For Employees

Conclusion

Of course, there are some disadvantages to take care of during delegation of authority such as misuse of power, delay in execution; low quality output due to poor coordination and failure of fulfilling the tasks.

Managers must make sure that such cons are avoided in the best ways possible and get the best out of the possibilities.

With better distribution of tasks, you can get the projects completed in the least possible time frame without compromising the quality.

In fact, the quality can be improved with right allocation of resources and by getting the service of specialists in certain tasks. Moreover, it is about how you can better mould your team and maintain a positive business culture.

Every successful person or an entrepreneur has his or her own ways of functioning often with a specific routine on a daily basis.

In-fact each one of us has our own routine in our daily life no matter how good or bad they are.

If you give a close watch to the daily routine based habits of highly successful entrepreneurs, you will notice that they start their day on a specific manner and as the day advances they behave and act in the same manner which normally do not change.

For example, most successful entrepreneurs are early risers; they do not lazily go on sleeping late in the morning as most of us do.

Read Also : 20 Skills Required For Effective Team Management

Similarly, almost all successful entrepreneurs regularly do exercise in the morning.

As we talk of best practices they are the people with strong will power and determination. They often see a specific aspect through a different perspective which very few of us do.

They follow strict time table but never neglect giving sufficient time to the people they are engaged with.

The point of talking about the habits of highly successful entrepreneurs here is these habits or best practices or best qualities contribute them in their journey to become successful entrepreneurs and often they openly admit this.

Here are a few best practices and best habits of highly successful entrepreneurs:

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1) They necessarily dream but never day dream

Almost all influential entrepreneurs are great dreamers or visionaries. They spend a lot of their time in thinking but they never waste their time just on abstract imagination.

In the words of Gloria Steinem “Dreaming, after all, is a form of planning.”

This is one of the most incredible habits of highly successful entrepreneurs every struggling entrepreneur should follow.

2) They are normally early risers

One of the most common habits of highly successful entrepreneurs is they get up early in the morning.

Most influential entrepreneurs take a glass of clean water or any other liquid drink as soon as they wake up and they continue this hydration practice all through the day.

Early morning is the best time for peaceful and creative thinking which helps the successful entrepreneurs chalk out innovative strategies for their ventures.

3) Regular exercise

It is beyond debate that regular exercise is the best habits of highly successful entrepreneurs as well as useful for anyone who wishes to have a good health along with an active and energetic life.

It may not look important but it is normally found that eminent leaders and successful entrepreneurs generally have smart and youthful physical features even at a later period of age like at their 50s or 60s or even more than that.

Obviously, it is because they never fail their routine exercise at any cost.

 4) They are never frustrated; they are ever optimistic

We all know what the famous Helen Keller has said: “When one door of happiness closes, another opens, but often we look so long at the closed door that we do not see the one that has been opened for us”.

Never think that the entrepreneur who has become an icon to-day was an expert from the beginning.

In-fact all successful entrepreneur those we see at the top of the sky today are one day or other started their journey of struggle empty handed with lots of failures and harassments.

One of the most important habits of highly successful entrepreneurs is that they never get frustrated but always optimistic in all their struggles and strife.

This makes them succeed in any of their attempts to establish an enduring and successful venture.

5) They are never alone; they are always in a team

Any person of eminence is normally seen in the center of a crowd, and the crowd around a leader is generally his team.

Successful entrepreneurs internalize the importance of a team and the limitations of lonely and centralized ventures.

For them, their team is not their obedient assistants or people under their command. Rather they take their team as collaborators and friends who are responsible for their flourishing business.

They trust and respect their team members, and appreciate when the team succeeds, and encourage when the team fails.

These habits of highly successful entrepreneurs maintain close relationship with their team members resulting in sincere and faithful efforts and hard work of the entire team working out a successful business entrepreneurship in a long run.

6) They are elastic and flexible

Successful entrepreneurs are never rigid; they are elastic and very flexible in all their dealings, and approaches.

They agree to disagree in their decision making processes.

Their openness to acceptance of new ideas helps them take risks and engage in innovative ventures.

Many entrepreneurs even go to the extent of opening themselves to criticism even though it is hurting and sometimes an issue of self-esteem.

This is obviously painful, but  in the words of Richard Branson – “my biggest motivation?

Just to keep challenging myself. I see life almost like one long university education that I never had—everyday I’m learning something new”.

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7) They are often smiling and humorous

We often think that eminent entrepreneurs are very serious people and we are normally scared of facing them.

This is actually not true. It is because they know that “smile” can win over anybody and any situation how irritable it might be.

In-fact humor makes all heavier tasks lighter.

Smiling and humorous people are easily approachable which turns the competitors to friends and collaborators.

To be smiling and humorous is actually not a trick but a habit to win over even your enemies.

8) They highly respect punctuality

One of the key habits of highly successful entrepreneurs is they are not only strictly punctual but help and guide others to be punctual.

Influential entrepreneurs are often very punctual in all their day to day activities right from their rising from the bed in the morning to getting to sleep in the night.

However, over punctuality may be exceptional and may not be applicable as far as habits of highly successful entrepreneurs is concerned because they are at the same time elastic and flexible in the context of the situations they are in.

9) They are systematic

It has been noticed that the life living and ways of approach of the influential entrepreneurs are very systematic and formal.

They love systematic arrangement of their belongings in their office, work places, as well as in the residences.

This helps them maintain decorum and saves considerable time in finding required things.

A systematically arranged atmosphere ensures peace and happiness of the people dwelling or working there. And peaceful and happy environment leads towards progress and success.

10) They are workaholics but also keep free time for them

There is no doubt that successful entrepreneurs are hard workers but at the same time they understand the need and value of relaxation and free time.

That is the reason flourishing entrepreneurs are seen in clubs and merry making places which neutralizes their pressure of over work and provides them relaxation.

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11) They understand the necessity of sleep

The eminent entrepreneurs are found keen on having sufficient sleep which shows that they very well understand the necessity of sleep after a stressful long day of hard work.

It cannot be said that “early to bed” is one of their habits, but they know that whatever the time they give for sleep is sufficient for the rest of their body and mind.

The bottom line of the entire 11 discourses articulated above as the popular habits of highly successful entrepreneurs are but a few of the good habits of influential entrepreneurs.

Their numerous habits both visible and non-visible to public are factors of great contributions to their success, there is no doubt; and that is why we follow them.

Working as a team is the best way to reach a goal productively in a minimal stipulated time frame.

However, team manager plays the key role of effectively handling the team and bringing the best out of the team members.

Each member of the team might be having a unique working and communication style and bringing all of them on the same table might be more complicated than you think.

Not everyone can be a good leader and he has to be rich with a range of skills which makes a notable impact on the final outcome.

More than just a good attitude, these important skills are to be possessed by a leader for effective team management.

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Read More : 11 Software Tools Every Team Manager Needs

1. Effective communication

It is a key stone of proper team management which is needed to create a proper link among the team members.

A good leader has to clearly communicate the short term and long term goals, priorities, gratitude as well as the changing strategies on the right time with the team.

2. Team motivation

There will be ups and downs for every members of a team.

Instead of making complaints about the failure, a true leader should motivate them and enhance their spirit to bounce back and work better the next time.

You can even include success and motivation stories during your team meetings to help them come out of their laziness and contribute their best.

3. Proper vision

Having a proper vision about the goals to achieve matters a lot to be a good team leader.

Meet with the top management once in a while to get the correct understanding of the big picture goals and make a plan to work towards it.

Also assessing the goals on a monthly, quarterly and yearly basis helps to make better strategies.

4. Employee development

Each team member might be at different stages of their career and will be having diverse outlooks and abilities.

It is the role of the team manager to develop them as a team and help them to bring the best out of their abilities for the success of the project.

Once they start to deliver better at what they do, you are marking your first step towards your long term success as a manger.

 5. Think strategically

Strategic planning is important for the successful execution of a project and a good leader should be able to do strategic thinking with changing needs of the project.

Building good strategies as a team and connecting ideas together can help to manage the deadlines of the project and handle tricky situations.

6. Problem solving skills

These are one of the inevitable skills to be possessed by a team leader to meet the deadlines.

Being stuck up with the problem kills time and it affects the smooth flow of the project.

One should be able to handle the problems effectively using critical thinking and negotiation abilities. Identifying problems before they fester is also important for saving time and efforts.

7. Willingness to learn

Be humble enough to consider the opinions of your team members.

Willingness to learn from your team members make them feel more comfortable being in the team and they would be pleased to come up with innovative ideas that can make the results even better.

8. Fairness

To achieve success as a team, each member of the team must be given a considerable working space.

The feeling of being equal and getting the deserved recognition can trigger the spirit of the team to work hard towards the goal.

9. Discipline management

This may not be always related to their work but it is very important for every team member to be disciplined.

Sometimes, the managers even need to play the role of personal groomers where they have to oversee their habits that might affect the project success.

Also making sure that they follow the policies of the company is also important.

10. Trustworthiness

The successful leaders have displayed virtues like honesty, integrity, and respect which is indispensable when it comes to effective team management.

Being trustworthy in fact motivates them to work hard towards their goals as they get a feeling that their work would be noticed and appreciated.

And the team members would be ready to open up about their problems at work and leaders can correct it at the right time for better results.

11. Proper delegation

 Delegating the right task to the right people is a very important.

Analyze the goals to achieve and the total allotted time along with the experience and abilities of your team members to rightly assign the best suitable role for each member.

12. Innovate and inspire

The ability to innovate and inspire is also among the important skill set needed for effective team management.

Always bring in novel ideas to improve the way team works. This can inspire your team to come up with new ways of improving their efficiency.

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13. Good organization

Being well organized is another important skill to be possessed by a successful leader.

This not only helps you to save the valuable time but do things in a more systematic fashion and to convey the execution elements such as project timelines in a better way.

Items such as charts; excel sheets and even management software should be among the working tools of a good manager.

14. Time management

 This is one of the foremost skills to be maintained for effective team management as every minute counts during crucial projects.

The manager has to manage his own time as well as properly schedule the available time among team members by keeping the deliverables and constraints in mind.

That is why time management is rated as an art and not just a skill.

15. Respect for others

Mutual respect is an important criterion for the success of a team and the leader should have a look at the same.

Don’t expect the team members to nod their head for all your decisions but accept their disagreement at times and take effort to make joint decisions in tricky situations.

16. Team Orientation

It is not advisable to show the power of a leader but to think like a team member when handling the team.

The team should be the first priority and you should develop a mindset to keep your interests and preferences aside when managing a team.

Don’t ever make an impression that you are superior than your team members. Make sure to work as a team member while indirectly managing the team.

17. Being approachable

It is important for a team manager to be always approachable and available whenever your team needs you.

Even if you might not be physically around always, make necessary alternatives to handle your absence so that the project works smoothly. 

Moreover, openness and approach ability improves the trust and confidence within the team.

18. Confidence

All the members of the team will have a sharp look at the leader and so it is important for the leader to be confident about getting things done.

Confidence simply means to use your strength in the right mix in the path of success.

Be open about your weakness with your team mates to create the personal bond with the them.

19. Good adaptability

Situations will keep on changing during the different phases of a project. It is not advisable to just stick on to the first plan every time.

A good leader should be able to adapt to the change in situations and make changes in the strategy to get things done.

Always be open-minded and optimistic about the new ways of doing things.

20. Lead by example

One of the most important qualities of a good team manager is to lead by deeds than by words.

Rather than imposing the guidelines on the team members, it is better to lead by being an example which inspires them to follow your path.

Being a team manager might look as the role of a credit stealer when the rest of the team does the job.  But in reality it is more challenging role than what one thinks.

You might be a top performer based on your individual performance but being a leader needs a different skill set.

Moreover, making the right combination of team, prioritizing the tasks to be completed and sometimes thinking out of the box is all needed to win as a team.