Best
practices
handbook
for smes

Tool

The Handbook on Good Management Practices has been written for micro-, small and medium companies that are currently experiencing a process of growth and want to successfully pass through this stage, with a view to consolidating their business.

Who the Handbook Is For

The Handbook on Good Management Practices has been written for micro-, small and medium companies that are currently experiencing a process of growth and want to successfully pass through this stage, with a view to consolidating their business.

The SMEs may belong to any sector of activity, as the good practices described herein constitute the basic pillars of good business organisation, unrelated to any specific sector of activity.

SME Managers

SMEs revolve around products of which the company founder has a perfect understanding. However, this person frequently has no specific training in business management.

When it comes to managing their company, an SME manager is self-taught and learns through a process of trial and error, which means that their knowledge comes at a price.

A time inevitably comes when the founder of the business has to decide whether to assume the role of manager or continue performing the more technical tasks that s/he is really familiar with and prefers. A manager’s day-to-day work often involves troubleshooting, solving unexpected incidents and urgent matters. These situations mean they often lose sight of their main purpose, such as thinking about the direction in which they want the business to evolve, setting objectives and designing a strategy in order to achieve them.

Managers very often get the feeling that something is not going quite right in their companies, due to a lack of time or resources, a poor job market or, sometimes, a combination of all three.

Managers of SMEs are often unaware that most of their day-to-day problems are the same as those faced by most other company managers.

SMEs have great potential and that, given the right tools, they should be able to consolidate themselves as companies of the future.