I have spent most of my management career in startup land, mostly in baby startups (like 4 people in a garage startups that grew into 100s of employees), so I think I've been in a situation similar to yours :)
So here is how I have handled the "I don't really have all of the answers" part of management:
Firstly - no manager has all of the answers. Some managers appear to have "all of the answers" because we have occupational experience and we sit at different tables than their direct reports which gives us access to more information.
It's okay that you don't have all of the answers :)
And speaking of occupational experience, that is valuable and that experience will give you more answers than you might think, so trust your intuition and your gut, but don't make up answers. An honest "I don't know" is 1000% better than a made up answer, and speaking of "I don't know" answers ...
You should say "I don't know" when faced with a situation that you don't know how to handle. You can say:
-- "I don't know the answer to ABC question/situation, but give me a few hours and I'll see what I can find out" if the answer requires input from hirer ups.
or an even better answer (depending on the situation)
--"I don't know the answer to ABC question/situation, do you have any ideas how we can handle this"
or
--"I don't know the answer to ABC question/situation, let's pull the team together and we can brainstorm a solution"
Also, if your company is very young, many processes may not be figured out and when you are faced with one of those situations, I would be honest.
"We don't have a procedure for that one yet, so let's figure out a process that's going to work for now and we'll refine it as we go. Can you take the lead on writing up the process that the team comes up with and then keep your eyes out for any improvements you or the team notices? I'll set aside time for you at the team meetings if you have anything you want to talk about regarding Process ABC."
You can adjust that sentence accordingly :)
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