While there’s no denying that opening one’s first small business represents quite a feat, being a knowledgeable entrepreneur doesn’t necessarily equate to being an effective manager. So, if your management experience is lacking – or nonexistent – you may run into difficulties when managing your first small business.

Although every fledgling business owner is going to face the occasional stumbling block, there are a number of easy ways to keep problems to a minimum. When working to effectively manage your first small business, take care to avoid the following blunders.

Showing Favoritism

Showing favoritism to certain team members is likely to breed resentment from employees who don’t enjoy the same special treatment.…