Small Business Management

What Small Business Managers Do

The U.S. Small Business Administration (SBA) defines a small business as a for-profit, independently owned company with approximately 100 to 1500 employees, depending on the industry or sector (www.sba.gov). In general, small business managers oversee the daily activities of lower-level employees and make sure that the company is run in a smooth and efficient manner. Their duties usually require a working knowledge of accounting, budgeting, finance and tax policies. Small business managers may also analyze data and determine sales goals, as well as make marketing, production and purchasing decisions. 

Work Environment

Small business managers often work very closely with business owners to monitor day-to-day business activities, assist with marketing the business and to hire, motivate and manage staff. Effective small business managers are equipped with the knowledge, skills and abilities necessary to drive a business to success and profit with minimal resources and under the direction of the owner. In many instances, the owner of a small business is also the manager.