Why Investing In People Management Is A Must For Startups

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2023/06/20
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5 mins read


Efficient people management is incredibly important when starting a business. It's like building a sandcastle at the beach – if you don't have a good plan and work together well, your sandcastle might fall apart. In the same way, when starting a business, you need to make sure that everyone on your team knows what to do and works together smoothly. 

When you start a business, you gather a team of people who each have their own special skills. Some people might be really good at talking to customers and making them happy. It's important to understand what each person is good at and make sure they're doing the right job for them. However, in this article, a few tips for investing in people management are discussed by Dr. Anosh Ahmed, which is a must for startups

1. Hire The Right People:

In business, it's the same. You need to find people who are good at different things that your business needs. Some people might be great at talking to customers and making them happy. Others might be really good at organizing things or coming up with new ideas. When you hire the right people, you bring together a team that can do all the important jobs needed to make your business successful.

It is important because they can bring new ideas and perspectives, and help your business grow. But if you hire the wrong people, they might not have the right skills or values, and this can lead to problems and slow down your business. However, here are some strategies for hiring staff when starting a business. 

  • Clearly Define Job Roles.

  • Check References and Conduct Background Checks.

  • Assess Cultural Fit.

  • Make an engaging job description.

  • Use a variety of supply channels.

2. Clear Communication: 

In a business, clear communication helps everyone know what they need to do and how to do it. It's like giving clear instructions when you're playing a game. If you don't explain the rules and what each player should do, it can get confusing, and the game might not go smoothly.

When you have clear communication in a startup, it means that everyone knows their roles and responsibilities. They understand what tasks they need to complete and how those tasks contribute to the overall goals of the business. Moreover, there are a few tips of clear communication to start up a business. 

  • Be concise and clear: When communicating with your team, be clear and to the point. 

  • Use different communication channels: . Depending on the situation, you can use face-to-face meetings, emails, phone calls, instant messaging apps, or project management tools.

  • Active listening: Communication is a two-way process, so make sure to actively listen to your team members. 

  • Provide regular updates: Keep your team informed about the progress, changes, and important decisions related to the business. 

3. Set Goals And Expectations: 

When we start a business, we set goals to achieve. These goals can be things like making a certain amount of money, reaching a specific number of customers, or launching a new product. We also have expectations for each team member, like completing their tasks on time, being respectful to others, and doing their best work.

It helps us stay focused and motivated. Just like in a game, when we know what we're trying to achieve, it's easier to stay motivated and keep moving forward. Therefore, there are some tips to set goals and expectations for startup a business.

  • Be specific: It helps to stay clear of wide assumptions and instead concentrate on the specific outcomes you hope to attain.

  • Make them achievable: Avoid setting goals that are too easy or too difficult to achieve. This means taking into account your resources, capabilities, and market conditions.

  • Make them relevant: Your goals and expectations should be aligned with your business vision and strategy. They should help you to achieve your long-term objectives and contribute to your overall business success.

  • Give them a deadline: Set deadlines for achieving your goals and expectations. This helps to create a sense of urgency and keeps everyone focused and motivated.

4. Foster A Positive Work Environment: 

When people feel positive and happy at work, they are more likely to enjoy what they do and work well as a team. They feel motivated to do their best and are more creative and productive. In a positive work environment, people are also encouraged to take care of themselves. This means having breaks, resting, and maintaining a healthy work-life balance. Just like how you and your friends take breaks during the game to rest and recharge.

By fostering a positive work environment, you can help create a culture where your team members feel valued, motivated, and engaged. This can lead to increased productivity and better business outcomes. Following are some suggestions for creating a productive workplace when starting a business. 

  • Set clear expectations.

  • Provide the right tools and resources.

  • Maintain a clean and organized workspace.

  • Foster a culture of innovation.

  • Lead by example.

5. Invest In Training And Development:

Investing in training and development means providing opportunities for your team members to learn new skills, improve their knowledge, and grow in their roles. It is important because it helps your team members become more skilled, confident, and knowledgeable. 

This benefits your business because when your team members are better at what they do, they can contribute more effectively to the success of your startup, and it creates a positive work environment where they feel supported and motivated to do their best. So here are a few tips on how to spend money on training and development when starting a business.

  • Assess the needs.

  • Measure the impact.

  • Seek feedback.

  • Seek government grants or subsidies.

  • Utilize free and low-cost resources.

Conclusion:

Investing in people management is like taking care of the players on a sports team. When you start a business, it's important to have good people management because it helps you build a strong and successful team. Just like a team needs a good coach to guide them and make sure they work well together, a startup business needs efficient people management to bring out the best in its employees.

 


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