Small Business Management Courses & Online Training
Small business is the heart of the U.S. economy, and countless individuals dream of becoming entrepreneurs and small business owners. Making that dream real takes dedication, hard work and planning. Obtaining the skills that can make a small business successful is a key advantage. Enrolling in an MBA program with a specialization in Management is the best way to learn how to become a thriving entrepreneur or small business owner.
Specific job duties for small business owners and entrepreneurs vary according to industry, business category and size. In general, small business owners are responsible for the overall direction and everyday operation of the business. Sales are an important part of a small business, and entrepreneurs must be excellent sales people to be successful. Whether they are involved in direct selling or not, there is a great deal of sales skill needed to pitch a business plan to a bank, investors, partners and staff, and then to sell potential customers on the business's products or services.
Small Business Management Training
Entrepreneurs are planners: a business plan is usually the first task when launching a small business, followed by marketing plans, production plans, sales forecasts and budgeting plans. Daily job duties might include reviewing sales reports and financials and comparing them to the goals set out in the plans. Owners can then direct activities of sales or production people to better meet the objectives. Hiring, training and mentoring staff is another responsibility for the small business owner. They are required to know the federal and state laws and regulations concerning employees, and to file Social Security and wage reports for each staff person. Some entrepreneurs hire accountants or human resource consultants to handle these activities. Others personally manage all the accounting, taxes and required reporting duties for their business. Additional job duties for small business owners include everything from sweeping the front sidewalk to meeting with local officials or dignitaries. In order to build relationships and secure additional business, many entrepreneurs join local civic groups and participate in business opportunities such as networking events, trade shows or sponsorships. Small business owners’ work environments depend on the type of business and industry. Retail storefronts, private offices or production facilities are typical. The number of hours an entrepreneur works usually depends on the workload. While small business owners sometimes enjoy flexible schedules and a measure of freedom, it is often balanced by the need to work longer hours. Find small business management courses below from any of the listed schools. Be sure to ask them how long the typical student takes to complete as well as if they offer any job placement help.