Sometimes we always associate mismanagement with something to do with funds of which part of that is true. Some mismanagement comes from just being unable to manage; people, company assets, funds, strategy, clients… the list is endless on the basics. It is important for companies and small expanding businesses to employ experienced key management personnel to drive the business in the right direction and maintain the business’ profitability.

You also do not want to employ the ‘educated’ manager who uses the text book word for word as a skill. That will definitely kill the business especially human resources. What people learn in business school is to be used in real life as a basis of how things should be done to attain certain goals and not as the rule book on how to manage companies. Businesses are all different and also operate differently so should the management skills. For example, you can’t take a ‘Policies & Procedure’ document from a large corporation and use it word for word (excluding company name) in a small business that operates in a totally different field from the corporation. This is a recipe for disaster.

Being in management brings a lot of expectation and burden to those in powerful management positions and sometimes the ‘Prove them wrong’ theory ends up getting to their heads. Sometimes they will try too hard to be the right manager for the job, so much they end up losing their hearts to the job. They become heartless. You do not want to be a heartless manager. This is when the downfall begins for both the business and manager.

You need to pound the alarm the moment you notice your business losing clients, personnel & funds. The Titanic has just hit the iceberg and these three losses are just the tip of that iceberg on how the business is being managed. If the company is led by a board of directors, this is when the Ms Manager gets fired. If not run by a board, then the other managers on the same level need to vote out this Ms Manager. This will be the only way to save the business.