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Business Responsibilities

When you start your own business, you'll have a lot of different jobs, from salesperson to payroll clerk to bill payer. Having to play all those roles may not be for everyone. If you aren't comfortable with these roles, you may not want to be a small business owner. Look at this list to get an idea of how many areas you have to think about every day.

Administrative Support/Receptionist: In the beginning, you will answer phones, file paperwork, buy office supplies, handle shipping, answer customer requests, and more.

Advertising/Marketing Manager: You're the one who has to research similar businesses to see what you can do differently and better. You have to write ads, join business groups, and network with anyone who could be a possible funder or client.

Bill Collector: You have to figure out the best way to handle customers who don't pay their bills. You might have to make repeat calls, send lots of invoices, or even take someone to court to get paid.

Bookkeeper/Accountant: You have to maintain all records. You have to manage your accounts to the cent, prepare tax forms, and understand your financial statements.

Business Planner: You'll need to draft and then make changes to your business plan, depending on your financial, personal, and retirement goals. You have to plan for expected and unexpected costs.

Lawyer: You don't have to do legal work on your own, but you do need to understand the laws related to your business. If you have employees, you need to know the related labour laws. If you own a bottle store, you need to apply for a license. You also need to know the penalties for breaking those laws.

Manager/Boss: You'll be responsible for all the people in your business. You'll need to take care of things like time off, sick days, insurance forms, complaints, taxes, and more. At the very least, you'll have to take care of all these things for yourself and your business.

Tax Collector: If you have a business, you must collect and pay tax.

Technical Support: You have to fix your business equipment if it breaks. If you think it's easier to call for repairs or buy new equipment, you're throwing money away. You have to learn how to repair your equipment so you can save money in the long run
 

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