Managing people is probably one of the hardest tasks for a manager. For some, it comes naturally and others find it daunting. It is absolutely useless to have sharp financial skills, but no sense of how to implement plans for growth through your employees.

Respect is not a given, it has to be earned. The spectrum of managerial styles ranges from outright authoritarian to pushover. A good manager can adapt to a range of scenarios and communicates clearly with their staff. They actively listen and reward effectively.

They are approachable but strict and fair when required. Managing well feeds a motivated workforce.

Be fair. This final point should not be a surprise to managers and owners. Being fair in business is a given.

When you demonstrate fairness, employees will know what to expect. This feeds a healthy respect for you as a manager and motivates the employee to provide the best level of performance.