Business Management Tools

Written by Jacey Harmon
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Small business owners have many responsibilities. Oddly enough, the smaller the business, the more the responsibilities the owner will have. An owner is responsible for everything that pertains to a business's operation. From broad responsibilities such as scheduling, to the smallest state or federal regulation--owners are accountable. Business owners can rely on many tools available for business management. Management tools will alleviate much of the pressure from the responsibilities of owning and managing a business.

There are two broad categories for business management tools--tangible and intangible. Tangible tools are those that can be seen or touched. Computers, time clocks, POS systems--these are a few examples of tangible tools. Intangible tools are those that are more hidden such as accounting services or training programs. Many management tools are considered assets to the company. Not only do these tools allow the company to increase efficiency, they also increase its value.

A Few Tangible Business Management Tools

Employees are a company's biggest asset, as an employee can be hired and trained to perform some of the key responsibilities involved with managing a business. This is where a catch-22 in business can be found. A small business owner can hire an employee to reduce some of the daily responsibility. Yet, by hiring an employee, the business owner has accepted more responsibility.

Employees can be trained to handle tasks an owner feels comfortable with delegating. As employees are hired to handle some of the mundane tasks with managing a business, business owners can focus more on growing the organization. Fortunately, there are a number of tools that can ease a manager's mind. Remote access to computers and surveillance equipment can be utilized to ensure that workers are adhering to company standards; monitoring email usage is another good way of ensuring this.

Time clocks are familiar management tools to anyone who has had a job. Time clocks are probably the most basic management tool on the market. Tracking workers clock in and clock out times can lead to higher levels of productivity and fewer problems with absenteeism. Many managers prefer to contract with companies that allow them to access this information remotely.

The Internet as a Business Management Tool

The Internet is growing leaps and bounds. With every passing day, the Internet can be used for a new application. Millions of individuals are using the Internet to manage their investments. Families are using the Web as a primary communication tool. Companies can use the Internet to meet a wide variety of needs.

The Internet is a handy tool at selling products and services. In 2004, analysts correctly expected consumers to spend over $20 billion online in the fourth quarter alone. Organizations have recognized the Internet for the quality selling tool it has become. Companies such as Amazon and eBay have made a name for themselves selling goods online. Ebay doesn't even sell any of its own products; it just acts as a middleman between two sellers.

The Internet's usefulness isn't just for selling products. Companies can utilize the Web to remotely manage their organization. Everything from time management to employee supervision can be accomplished through the Internet. The use of video surveillance has been common for many years in the business landscape. Today, surveillance video can be streamed through the Web to be viewed from any location.

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