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Showing posts from July, 2022

How to choose your management style?

  I have been a professional manager all my life, and it is a very demanding and stressful job. You are between a rock and a hard place every day. From one side, you need to run a business efficiently and smoothly. On the other hand, you must deal with employees' personalities and personal problems. Originally I am from the old Soviet Union, and in my home country manager should be demanding and always in control. When a manager compromises on something with his subordinates, this signifies the weakness of an authoritarian management style. It mirrors how authorities run the whole country. Many years ago, I found a job at Dunkin Donuts. It was my first job in America, and I worked hard. In about a year or so, I became a store manager. Of course, I knew only one style of management. I became a control freak and confronted my subordinates about anything I considered a violation of Dunkin Donuts standards. Plus, I tried to purge a system of thievery in my store. I started to suspect s...

How do you make a business decisions?

  Water can be our best friend. It relieves our thirst and helps us in gardens. Also, water can be our enemy and bring destruction and damage. Emotions can be like water and flow freely without resistance. Our minds and emotions are connected when we feel angry, upset, happy, or satisfied. Do you always control your mind and emotions when starting a business venture? Do you always calculate all risks and obstacles or make feelings-based decisions? For example, you are looking for a location for your business. You like an architectural style of a particular building and some attractions nearby. Suddenly, you forget about the benefits of your company being in this area. You want the idea of your company being here. Another example is you come to a client's office to sign a service agreement. You like the interior, and everybody is so friendly and nice. Sometimes they even order excellent catering just for you. Your mind starts to get foggy, but emotions run wild. You forget about you...