An entrepreneur is a person who owns a small business and staffs it as needed to meet customer needs. Entrepreneurship means that a business owner will focus on creating a market for his/her products or services based on a business plan. This focus on testing a business idea requires an entrepreneur to decide early on if he will assume the role of small business manager or hire another person to oversee daily operations.
Creating Policies and Procedures for Operations
To decide if you will manage operations, study your personal strengths. If your talent lies in working with customers or developing your products, that’s where you invest your time. A big part of small business management is creating policies and procedures to guide daily operations. Some small-business managers shape these protocols based on prior experience and education.
Also, studying your instincts. Understanding the specific market you have chosen for your products