Entrepreneurship Tips — Management

Management is an art, not a skill that can be put into an easy list of rules. Your question is kind of like asking how do I paint a perfect work of art? Even Leonardo Davinci could never answer that as it takes years, even decades of experience to learn. However, that said, some important foundational philosophies are known to be very effective. I’ll list a few below. I would recommend reading The Daily Drucker or other Peter Drucker books first. I also have a Recommended Reading List below with many great classics and serious Entrepreneurs and business owners should...

Of course.  Anytime people are needed, management is a required skill, or more accurately a required art.  It is also a philosophy which generates the culture of a company that should be appropriate to its own market circumstances. And yes, I agree with Elon Musk and others that our university system cranking out MBAs is not a solution. Colleges and universities are failing to adapt to the new world. There are now so many specialties, industries, and skills that few programs provide the practical learning needed to be a successful Entrepreneur or manager.  That is why I created The CEO...

Almost too broad a question to be worth answering, and you could write many books on the topic. But in short, managers are expected to: Think, analyze, plan, hire, fire, improve productivity, budget, motivate and be accountable for results (not activities). Individual contributors do little, if any, of these things. Of course, some professionals are required to do some of these things too as their main job. i.e. Accountants budget and plan money. Architects design and plan projects and budgets. Typically, there are four levels of ability and skills in an organization, and almost all professions: Individual contributor - does...

And what to really look for when hiring Age should never be a factor. Experience, or years doing that exact job, is a big  factor. Of course, there is often a correlation between experience and age. Some people continue to learn for life, while others stop learning all together at a young age.  So, you are asking the wrong question, really.  When hiring there are 100+ variables, and you should always hire for these, with age not really mattering, except maybe for exotic dancers. Here are some factors I think are far more important: Raw intelligence and curiosity that drives...

Absolutely, but that is not to say most people do not learn on the job. Teaching management is like teaching art, it is an art.  You can study and learn foundational principles, but practice is required to get good.  I recommend reading several books by Peter Drucker first. Especially The Daily Drucker. There is so much to the art of management that comes only with experience. But you will learn foundational principles and philosophy from these texts.  Key systems, for good management, include: A) A regular meeting and Management By Objectives process (MBO = specific goal setting).  Some call this...