Every experienced business person knows that, it is easy to become the leading person in the market, but it is not easy to maintain that position. This is because, more and more people are coming up with the aim of achieving that position and as such, competition is high. The way in which a business person manages the lead team greatly determines the outcome of the operation. It is also worth noting that prospects could turn into a lead.To manage business leads, there are many strategies which may be applied and which are sure to give positive results. It begins by getting a concrete definition of a lead. The employer should clearly put it across to the employees as he understands it. They should be able to differentiate between a lead and a prospect and the importance of the two.The businessman, or employer, in a quest to manage the lead, should introduce a highly effective customer relationship tool. This ensures that clients are well handled and that their needs are met by the employees; the better the relationship, the higher the chances of maintaining the lead. The products that have lead to the lead, or any prospects should also be quickly distributed within the market region.Any delay could lead to a take-over by another company. You then should nurture your leads or prospects. Come up with best practices that will protect you from throat-cutting competition. These include campaigns as well as motivating your employees to maintain and manage the business lead hand in hand with you. Always make sure to treat all your prospects as customers and never undervalue or underestimate the value they can add to the lead. Lastly, hold regular meetings with your staff to see how they are carrying on and what needs to be improved.