What is the Owner's Job? Part 1
What is the job of a business owner? That is a short question with a seriously long answer, so this is part one of four. My first answer is that there’s NOT a job for an owner, but there is for the person running the business.
If you want to buy a press and the spouse doesn’t agree, then it’s not all right to buy the press anyway. Remember, if we were running a real company then we would have a real board of directors requiring us to perform.
So, the first answer to our friend’s question is that the general manager’s job is to make and meet all budgets. In addition to this, the general manager is responsible for organizational discipline and oversight as well as reporting progress to the stakeholders. The general manager is also responsible for recruitment and retention of workers and oversees the three functional areas of the business – production sales and finance. You’ll find out more about these duties in our next installment.
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