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In the present scenario where every business strives hard to perform better than the competitors the need of smart and efficient managers, with an out of the box thinking is felt. Every year millions of students gains business skills y pursuing a business management course and then take a plunge into the rewarding field of Management. However, due to lack of experience many managers face few problems in handling their department. This article is focused to help out such managers. In this article I would give guidance to the managers of different genres. Below is the key list-

1. Operations Manager: For businesses, productivity is profitability. An Operations Manager has great responsibilities on his shoulders. The company directly benefits or looses as per the efficiency of the Manager. To manage the operations department well I would advise an Operations Manager to adopt a manufacturing software. If the organization is small to mid-sized, Sage manufacturing would serve as the best manufacturing software. An operations manager can also learn to use the software as per the availability of time with the help of a Sage eLearning course. Besides that the operations manger should also share a good repo with the labor union, contractors, suppliers etc.

2. Finance Manager: Finances of a company are of critical importance. The job of a Finance Manger demands sheer knowledge and quick decision making ability. There should be no space for any error in the working of the finance department and hence the Finance Manager’s role becomes very crucial for the company. A finance manager must have in depth knowledge of finance. A finance manager must not stop learning at any point. In the free times too, they must inculcate a habit of learning about finance on internet or any other resource. A finance must not only know how to invest but also when to invest and for this he/she must be aware of the current financial scenario.

3. Marketing Manager: Marketing Managers must understand that the present scenario is very competitive and the customers are indeed very smart now. All the traditional techniques of marketing have been so well exploited by many others that now, even consumers are well aware of them. So the marketing managers must now come up with out of the box thinking. They must make most of internet marketing, which has emerge as a very powerful tool of marketing in recent years. Social networking websites must also be explored for marketing as millions of people are available their and every message get magically multiplied, if it is potential enough.

4. HR Manager: HR manager has the responsibility to look after the backbone of the organization i.e. the HR department. The role of an HR Manager is vital for any organization. No matter how smart, intelligent and hard-working the subordinates of an HR Manager are, it is always better to use an HR software. An HR professional should provide a software like Sage 50 HR to the HR professionals. If they don’t know how to use the software efficiently they must also be given Sage line 50 training so that they can learn it. Such softwares not only improve the efficiency of the HR department but also save a lot of time so that the HR professionals can work upon the strategic planning too, beside the regular HR works.

Starting a new venture is not as easy as it might seem to many. It is much more about just coming up with a business idea, seeking funds and starting up with the business. In fact, that is just the iota at the tip of the iceberg. Only a new business owner knows what it takes to be an entrepreneur and to sustain your business against the odds. The real deal starts once the business starts. Every year thousands of new businesses pop up but not all of them sustain for long. In the present competitive scenario running a business is a lot more difficult than it might seem. However that should be the reason for not starting up a venture. I don’t intend to discourage anyone. In fact my prime motive is to help out young professionals in sailing through the present tumultuous economic scenario. Below are some of the key tips for new business owners-

1. Manage your finances cautiously: It is very important to manage your finances cautiously. Many entrepreneurs fail to estimate their outflow and earnings, accurately and land into trouble later. Managing finances is hence very crucial for new ventures. No matter how strong your backup plans are, no matter how smart your finance professionals are, empower your finance team with an accounting software. I would advise a small to mid-sized new venture to adopt Sage 50 accounts as it is considered as ideal for them. Not just that, also upgrade the skills of your finance department professionals, if required, by providing them Sage line 50 training, so that they can use the software effectively and help the company flourish in a risk-free manner.

2. Think out of the box: In the present competitive scenario if you play your game on cost, you won’t run for long. Think out of the box and you shall certainly be rewarded well. Customers appreciate creativity and innovative ideas. Whether it is your marketing strategy, your product or services, customer service, or whatever, come up with fresh ideas.

3. Build your team: Don’t hire people just to meet your short term goals. Doing so won’t hamper you much in the beginning but later you would realize that the company you run has lost a lot due to in/out of employees. A new employee needs to be trained and after few months if he/she leaves then the new employee would again need to be trained. This costs company a lot and above that the company won’t possess loyal and experienced employees. So, think holistically and don’t just hire people but build your team. Use an HR software to manage the employees effectively. A software like Sage 50 HR might help you as you wouldn’t want to spend much still would expect to buy an efficient software. Also make sure that your HR professionals are skilled enough to use the software efficiently. If they are not, then train them with a Sage training course.

4. Have an online presence: It is important to understand that to have an online presence is very important for a business. Internet has emerged as a powerful medium in past few years. Make the most out of the social networking sites. They are not just a free platform to advertise your business but are also very effective tool of branding. Recognize their immense power and take your business to the greatest heights of success.