HOW TO MANAGE A BUSINESS

A Manager is the person responsible for planning and directing the work of a group of individuals, monitoring their work, and taking corrective action when necessary. For many people, this is their first step into a management career.

Managers may direct workers directly or they may direct several supervisors who direct the workers. The manager must be familiar with the work of all the groups he/she supervises, but does not need to be the best in any or all of the areas. It is more important for the manager to know how to manage the workers than to know how to do their work well.

A manager may have the power to hire or fire employees or to promote them. In larger companies, a manager may only recommends such action to the next level of management. The manager has the authority 
to change the work assignments of team members.

A manager's title reflects what he/she is responsible for. 
An Accounting Manager supervises the Accounting function. An Operations Manager is responsible for the operations of the company. 

The Manager of Design Engineering supervises engineers and support staff engaged in design of a product or service. A Night Manager is responsible for the activities that take place at night. There are many management functions in business and, therefore, many manager titles. Regardless of title, the manager is responsible for planning, directing, monitoring and controlling the people and their work. And how to manage our business? Managing time is easy when we only have a few assigned tasks. However, when we have a business, we must manage everything, from the smallest details to the largest ones.

first, Write a business plan. if us expect to obtain any kind of financing, we will need a formal business plan. If we are not seeking financing, we still need something written down. Second, Ensure that we are following all legal codes and regulations.

Third, Keep track of all of our sales and expenses. No matter what type of business we are managing, we are selling something--either time or a physical product.

Next,keep our  business and personal expenses separate. We must have a separate business account. Make a list of all tasks that need to be completed. And the last is give feedback to our employees or contractors on a regular basis 

http://www.ehow.com/how_2309757_manage-business.html?ref=Track2&utm_source=ask