10 Tips In Managing People For Young Entrepreneurs

​If you want to manage somebody, manage yourself. Do that well and you'll be ready to stop managing and start leading.

​Manage yourself and lead others. Leaders must believe that they can trust people and can hand over a portion of the business with confidence. Leaders must surrender authority and empower others.

Management is a practice. Take care of your people and they will take care of your business.

• ​Set a good example.
• Hire slowly and fire quickly.
• Know your people's strengths and weaknesses and motivation.
• Focus less on weaknesses and consider the strengths.
• Praise in public. Correct in private.
• Discipline should be immediate, fair, consistent without personal animosity.
• Focus on solutions, not problems.
• Communicate goals and expectations well. Set clear measurable objectives.
• Make people accountable.
• Provide team members with resources and support.