Young directors always have great ambitions and ambitions to develop their careers. With their abilities, they are always confident of standing at the "top" of the market, which means that the risk of failure will become increasingly greater. How can they control their work in the right direction and the company in the safest possible state? What useful advice do they need to maintain balance in the company's management and operations?
Haven't accumulated experience yet...
Everyone knows that running a business is not easy. For young entrepreneurs, they always feel really alone when they do not receive positive feedback and sincere suggestions from employees. Therefore, they will be confused and unable to correct wrong decisions or flawed business plans without the support of their subordinates.
Meanwhile, every day they have to face many problems and challenges from outside and for young people, sometimes they cannot see things that are about to happen. To be successful in business and handle problems with subordinates well, it is necessary to face them head-on and come up with new regulations. They need to think about how to best connect youthful enthusiasm with the experience and understanding of older employees to create a steady momentum for growth.
Sometimes difficulties come from within because of differences and divisions in the opinions of members, which can be due to differences in age, qualifications, ambitions, or lifestyle... Young entrepreneurs need to pay attention. Pay special attention to these details because it will be one of the factors that determine the success or failure of the business. Another important priority is Correctly evaluate employee capabilities and have a plan to develop their abilities. This cannot only be assessed by the head of the human resources management department, but young entrepreneurs must also directly participate to avoid subjective factors interfering. At the same time with the evaluation there is Remuneration and bonus policies are suitable for employees who complete their work excellently. Successful young entrepreneurs are also those who are able to regulate the work of their employees and create great consensus to solve problems.
Compared to nearly 20 years ago, today, young entrepreneurs face more challenges from competition in a "flat" business environment. Increasing competition is the result of so many business trends that have emerged over that time, new technology, a global market for both buyers and sellers to participate in... Such pressures put on Their shoulders are heavier and require radical innovation, offering solutions bold business idea and valuable to enhance competitiveness with competitors. Along with that, it is necessary to create an environment where everyone has the opportunity to discuss, which will contribute to promoting the growth of businesses. Furthermore, ensuring benefits for all members will create great intellectual resources and enthusiasm for the company.
One of the important points to evaluate a successful young entrepreneur is that they need to be clearly aware of themselves, their abilities and shortcomings. Because pitfalls in the marketplace are always lurking, while they lack the experience to deal with them. Hot lesson Especially at the present time, young entrepreneurs have never experienced the moments of economic collapse. They are confused because they are not equipped with the skills to cope with its consequences, so they do not Few businesses had to stop operating. Therefore, they need to continuously supplement skills, knowledge and learn lessons from unsuccessful times, this is really important to build an even stronger foundation for them. Of course, they also need to control other emotional factors such as autonomy, flexibility, etc. When difficulties arise, the task of directors will be greater because the entire company depends on their abilities. deal with and solve their difficulties.
And the basic principle to always remember is to really grasp the problems that arise, the challenges, develop good relationships with business partners and how to keep the company on the right trajectory.
Tran Dung – DNSGCT
