Small-business owners need people management skills for growth

As small-business owners are looking to grow their businesses, it is important they strengthen their people management skills in order to successfully lead their companies. Often, small-business owners start their businesses based on their technical strengths, but they sometimes lack people management skills that it takes to develop a strong work force, says John Krubski, research advisor to The Guardian Life Small Business Research Institute in New York City.

For instance, the CEO of a computer software company may be one of the top computer developers around, but that same CEO may not be the best at motivating employees and helping them reach their potential. While it is important to know the industry, small-business owners also need to understand how to get the most out of their employees.