Are You a Leader or a Manager? Your Small Business Needs Both

istock_000004073644small.jpgMost small business owners do not differentiate between their roles as "leader" and "manager" of their venture. But according to Ken Blanchard, author of "The One Minute Manager," leadership is nearly the opposite of management. In an article entitled "Develop Leadership Skills To Secure Small Business" in the Terra Haute News, a small business owner must understand the difference between leadership and management, and develop skills in both areas to ensure business success.

According to Blanchard, the main element implied in management is structure – meeting deadlines, financial controls, and efficiency. Leadership requires quite the opposite mentality, or more unstructured thinking – flexibility, vision, passion. Managers and leaders behave and think differently.

The article emphasizes that leadership and management skills must coexist, and to infuse your direction with support. While managing your employees or vendors and analyzing results, you must also seek input, give praise often, and discuss your decisions. For more suggestions, read the article here. For more ideas for managing your small business, contact SCORE "Counselors to America's Small Business," a non-profit organization providing free business couseling at www.score.org.

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