The many
responsibilities of a small business owner can make it easy to overlook sloppy habits and commonplace tasks that aren't getting done.
Not exact matches
Small business owners will always find themselves strapped for time because the primary
responsibility for the success
of that
business is on their shoulders.
Many
small business owners think that they have to take on all
of the major tasks and
responsibilities themselves but that is not the case.
But whilst bigger companies have legions
of finance experts behind them,
smaller business owners can often find themselves dealing with accounting
responsibilities all by themselves.
As a
small business owner, adopting corporate social
responsibility theories can help you thrive right out
of the gate.
According to nonprofit entrepreneurial advisory Score, HR
responsibilities devour between 25 and 35 percent
of the average
small -
business owner's time.
Small business owners are taking on a large share
of this
responsibility, as 39 percent reported that they themselves are in charge
of online security at their company.
In our survey, we also found that many
small business owners struggle to hand over
responsibility, even when the resources are right in front
of them.
Setting goals is crucial to the success
of your brand and as a
small -
business owner, the
responsibility falls squarely on your shoulders.
That argument is taken from the position
of the employer, usually the
small -
business owner who has to adjust her growth plans to not cross the 50 - worker, full - time threshold that requires companies to provide qualifying health plans to its workers or face the penalties known officially as the «shared
responsibility payments.»
Although many CEOs have personal assistants to help them stay on top
of their
responsibilities, many
small business owners and entrepreneurs don't have that kind
of financial freedom.
Add to that the frustration
of not being included in protections currently being enjoyed by consumers as a result
of the Credit Card Accountability,
Responsibility and Disclosure Act, or CARD Act, it's not hard to imagine that
small business owners are fed up with credit agencies.
Because
of the crush
of responsibilities they have,
small business owners worry about the time it takes to keep an audience engaged on social channels.
As a
small -
business owner, you're probably used to handling a lot
of responsibility — everything from drawing up detailed
business plans to creating a budget.
Some
of the more thankless but necessary
responsibilities of being a
small business owner are the administrative side
of operating a
business: keeping track
of expenses and receipts, and monitoring employee spending.
Remember, if you have personally guaranteed a
business debt — many lenders require that a
small business owner take on personal
responsibility for loans or lines
of credit — you will still be liable for those obligations, unless freed by your creditors.
As an
owner of any
business, large or
small, you need to be aware and compliant with your legal rights and
responsibilities.