"**A great manager translates the vision of the leader into small, actionable steps, delegates responsibilities, measures performance, generates reports and ensures the smooth internal operations of the business**. Administrators are able to stay finely attuned to the financials and forecasting of the business. They know if the business is heading for a cash flow shortage and they seek out financial solutions. They don’t let money slip through the cracks or important paperwork go missing. They stay on top of bad payers, managing expectations and relationships with suppliers. Good managers and administration staff empower the business to run as effectively as possible, making adjustments and improvements while adhering to budgets." ([Location 1387](https://readwise.io/to_kindle?action=open&asin=B071L8C8NV&location=1387)) --- **Tags** -- [[quotes]], [[management]] , [[systems-thinking]] , [[intangible-assets]] , [[culture]] **Source** -- [[202407181017 - B - 24 Assets]]