1. Team Communication Is Essential.
In life, communication becomes the by-laws humans live by. It’s amethod used to understand, integrate and to listen to various voiceswithout any biases. In a relationship or at work communication is key to success; it puts away differences and avoids unnecessarymisunderstandings that could result in the lack of productivity andefficiency.
Therefore, this same concept applies with a start-up, a start-upusually consist of a small number of employees or better yet teammembers. Usually, it’s the people we trust the most and the pivotalstructure in ensuring the success of any Start-Up. As the founder, itbecomes your responsibility to create an ambiance, which allows thefreedom of communication and understanding.
This way of management allows tasks to be delegated easily and leadsto a solid organization instead of a messy one. Hence in the future itwill help you to avoid any misunderstandings and will lead to a greatersuccess.
2. Don’t Allow Everyone To Make Decisions In The Terms Of Accounting.
Even though communication is a key point in progress, finances should be between two parties. The concept of too many cooks’ ruins the soupapplies in this delicate situation. As in the beginning of a start-up,financial decisions become important factors that decides the fate ofyour start-up for the next 3-4 years, hence making the right call at the right time becomes necessary.
Therefore, instead of involving the whole team in a financialdecision, it would be best if things were kept simple between you andyour accountant. This allows you to keep an open mind and reduces thestress of influence in the finance department in making any decisions.Furthermore, this method avoids conflict of interest among any parties.
For a Start-Up to grow and prosper, the accounting team should be the secret weapon used to conquer.
3. Keep A Tracking Method For Logistics.
In the start of an organization, resources may be scarce and keepingtrack of all the incoming and outgoing logistics may proof to be achallenge. In the 80’s bookkeepers and secretaries used to handle thenoting down and the tagging of all logistics, however often time humanerrors proved to be greater. This has led to many losses,misunderstandings, disappointments and demises of progressive start-upsin the past.
However, over the years, technology has become better with the formation of apps and tools that help track your logistics in your office. You will be able to organize all your logistics, from theborrowed to the bought and to the sold, reducing your risks of runninginto any human error.
Furthermore, this reduces the burden on your team, which couldutilize this time in an efficient manner. Why use unnecessary labor ifyou have technology to make your life easier.
4. Be a Delegation Master.
In a company, the beginning is as extreme as walking through atornado. However having a team isn’t as easy as being a solo-prenuer. As a solo-prenuer you’re entirely responsible for yourself, you aren’t inthe jeopardy of deciding over others lives or their livelihood hence ittakes the stress out of running your own business.
For any entrepreneur, in the start, the ability to trust and theability to delegate would seem to be a challenge. This is because we are used to hovering over everyone and having a hands on approach. However, delegation of tasks and keeping track of them is a necessary factor asit shows the trust you put in your team as well as allows you to focuson far more important tasks.
“It’s all about the delegation” has become the motto many live by as a way to understand the importance of teamwork and sustainability.
It’s easier said than done, starting out in a field often timesbecomes a challenge however with these tips it definitely becomes easier to organize your Start-Up as well as to encourage it to a greatersuccess and expand its potential.