The Importance Of Managering A Business

When looking at owning a business it is important to think about how management will act and what policies the company will put in place. Management can either make a business succeed or can help it fail. In any business it is important to have a strong management system in order to lead the company in the right direction. Before letting the management team run the company, there will need to be training done by the company to show the manager what is expected of them. In the beginning of the company, the only manager will be the owner because the company will not have the required capital to have someone on staff. The owner is going to be the one to train the employees in order to help the business succeed. As the owner of the business, some of the responsibilities will be to monitor the daily operations of the business and also make sure that there is enough inventory in the store. The owner is going to have a many different responsibilities in the beginning and as time goes on it will become too much for one person to handle. After the company becomes profitable the owner will then be able to hire at least one store manager. …show more content…
By hiring a manager will help to relieve some day-to-day pressure from the owner. It will be important for the owner to train the manager with the duties for the position. Some of the duties of the manager will be scheduling of employees, monitoring the activities in the store, making sure that employees are courteous toward all the customers, and also helping when there is a difficult situation in the store. The owner will then be able to focus more on the finance side of the company and look at different options for someone who has more experience with finances. The company will hire an accountant to assist and monitor the finances of the company. Having an accountant will help to eliminate more stress and worry from the owner. By hiring an accountant it can also help the company come up with a plan to expand the company and when a good time to expand would be (Beesley). Accountants have a better understanding of business finances and can help the owner to see if the company is making a profit or losing money. It will also be a good idea for the owner to reach out to a media advisor. This person will help the company with building a website that is easy to use for the customers and also catch the attention of the customers. The media advisor will also help the company with the social media part of the business because it can be hard to know what a customer is looking for on social media. It is always important for the employees in a company to work as a team. Working as a team will make the work easier and create a better work environment. Teamwork is a vital part of any company and will help the employees realize that everyone within the business is there to help them meet goals. The goals of the business will be to treat people as though they are extended family and this starts with employees. The employees of the company will become family because people spend more time at work then at home. A weakness of the company is going to be finding the right people with the correct work