Published on : 21 April 20203 min reading time
Even if you are efficient and effective in many areas, as an entrepreneur you must master all the basics of accounting and management, two essentials that will allow you to perpetuate your business.
A company manager must be a professional in figures!
In addition to mastering the fundamentals of management, company directors and managers as well as project managers must be efficient in accounting and finance, with the aim of improving the company’s financial health. If you are a business leader, you must always keep in mind that you will never manage your business by putting aside the basics of accounting. Thus, to strengthen your accounting performance, you need to properly juggle 3 key elements, namely the balance sheet, which specifies the assets (what the company has) and liabilities (what the company owes) of the business, the income statement, which takes into consideration the operations that have impacted the result without forgetting the revenues, goods and services consumed, and the passage of entries to expose all the operations that have impacted the company’s assets and liabilities. In addition, you are also required to master the 8 classes of the chart of accounts in general.
A company manager is nothing without managerial skills!
Do you want to become an effective manager within your company? The first thing you need to do is to banish the word “improvisation” from your vocabulary. Yes, this is a job that can be learned and strengthened over time. Of course, becoming a numbers professional will allow you to take charge of your company’s financial health, but this is nothing without managerial skills! As a manager, you are a conductor within your company, which is why it is highly recommended that you further strengthen your management skills. To be a good manager, you need to refine your relationship with your team while supporting each member. At the same time, you need to develop your ability to make a decision in relation to any situation your company is facing.
Further strengthening managerial and accounting skills
The best way to acquire management and accounting skills is to follow training that focuses on these two areas. Today, there are many trainers who can come to your company to offer you training courses targeted to your company’s needs. Or if you want, you can also lean towards business coaching to benefit from quality training, coaching and support.