Small business management, a crucial aspect of entrepreneurship, involves overseeing the operations and resources of small businesses. Like a conductor guiding an orchestra, small business managers orchestrate daily functions such as accounting, human resources, marketing, and customer service.
Effective small business management is essential for growth and resilience. It can enhance efficiency, boost productivity, and improve customer satisfaction. A historical milestone in its evolution was the emergence of management consulting firms in the early 20th century, providing expert guidance to businesses seeking to optimize their operations.