Running a business isn’t an easy task – at least initially! One has to closely look at almost all departments, and it is here the debate arises on what a small business owner really needs; Technical skills or management skills?
The conflict between having management skills or technical skills basically resembles talking about the north and south poles… However, looking at the business world continuously shifting towards technology, we need to determine which one is most important.
Let us take a quick look into the facts that will help us evaluate which of these is most necessary. But instead of doing it straight away, let us divide the study into two parts:
Why are technical skills important?
1. Save money:
If you are technically sound, you won’t have to rely on a third person to complete some tasks for you. That said, if you have the technical skills, you’ll be in a healthy state to discuss the project in a descriptive manner whilst outsourcing it. In addition to this, you can also save money here, as you are already aware of the exact cost of completing the work and can therefore ensure you maintain a good profit margin for anything that is outsourced.
2. Saves time:
OK, this relates a little to the first point. Let us suppose a minor bug is required to be fixed quite quickly. Firstly, despite only being a minor issue, your non-technical mind could quite possibly make this issue seem like rocket science! Secondly to fix the bug either you might use available online resources to learn how to do it yourself, or you’ll call for an expert. In both the cases, you’ll be spending a considerable amount of time, which could have been saved if you had the technical skills.
3. Prevention is better than cure:
It’s inevitable that we are going to encounter technical issues in business, but to an extent, it can be prevented by keeping everything updated and maintaining things from time to time. I believe that you’ll agree to the old saying, ‘prevention is better than cure’ and that is possible, but only if you are technically sound.
Why are Management skills important?
1. Setting goals:
When we use the term ‘management’ the first thing to strike our minds is integrating smart work. Being the one with superb management skills, you can set smart, correct, and precise goals for your organisation. This is an important task, as business is about setting realistic and competitive targets and further achieving them.
2. Time Management:
This is one of the most important management skills you’ll possess. This might sound confusing or contradictory but the fact is, despite being a free resource, time indeed is the most expensive resource a business can have. Doubt me? Let us accept that we don’t pay to buy some time, but if time passes, we either pay or reap the benefits. Therefore, it greatly depends on the way we utilise it. So saying that having management skills is important in order to learn time management won’t be wrong at any point.
3. Sales and customer relationships:
Be it a product or a service, business is primarily dependent on sales. If you have the management skills you will be able to master the art of sales and maintaining customer relationships and with these, you can make your business grow faster and sustain in this fast growing market.
Which one is more important for you?
Claiming that either one is more important is not the correct thing to do. As a small business owner it is important to keep a proper balance between the two. However, one thing can be said, that for someone from a technical background, learning management skills can be easy but someone from a management background will need a good amount of time to get even the basic of technical skills. So if you are the one with good management skills, try hiring a technical partner in order to make work efficient.
About the Author
Shahid Mansuri co-founded Peerbits, one of the leading mobile app development companies, in 2011. His visionary leadership and flamboyant management style has yield fruitful results for the company. He believes in sharing his strong knowledge base with leaned concentration on technology, entrepreneurship and business.
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