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Easy ways to lead your company to success. (Personal Outlook).(Brief Article)

Business Credit

| May 01, 2002 | Pelletier, Ray | COPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Poor management causes countless problems in the workplace. Lack of employee morale and productivity, poor communications, lack of employee trust in the company ... these shortcomings are endless and pervasive in today's corporations. While no company deliberately sets our to alienate its employees or sabotage itself, problems caused by negative thinking are inbred in thousands of companies and management teams alike. When asked about their problems at work, many employees cite lack of communication with management as their top concern. In essence, employees no longer know where they stand. As a result, they don't feel important to the company and don't exert their best effort. Without qualified employees striving to do their best, no company can survive the long term.

The key to reversing this problem and attaining business success is knowing the tight ways to manage and motivate your employees. The following four guidelines for effectively working with your employees can lead you and your company to the success you desire.

1. Teach Employees to Focus on Goals

Encourage your employees to have short- and long-term goals for both their personal business development and their departmental standing. Help them to ascertain whether their goals are realistic and attainable. When your employees have goals to strive for, they are more apt to exert extra effort. The results are more motivated employees and higher company profits. To ensure your company's success, reach your employees to focus on the specific things that will help them attain the goals they have set for themselves. Perhaps they have to improve their communication skills, gain some specialized training or volunteer to work in another department. By helping your employees concentrate on the steps they need to take, they will have a better chance of reaching their goals.

2. Give Your Employees Permission to Fail

New employees are especially afraid of failing; however, it's in failing that you learn to be successful. Rick Pitino, head basketball coach at the University of Kentucky said, "Failure is good. It's fertilizer. Everything I've learned, I've learned from making mistakes." His words are so true. Don't allow your team to be afraid of risks that might lead to initial failures. Encourage employees to come up with new ideas and to try out new things-nor to be afraid of failure. When your employees realize they won't be reprimanded for failing, they will be more creative and more willing to "think out of the box." In fact, giving them permission to fail is the best way of giving them permission to win.

3. Treat Your Employees as You Want to be Treated

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