Business owners need to wear the hat of the manager. This hat is the hat or responsibility and procedure. Doing things right is the motto of the manager. He gets the right stuff done at the right time in the right way. Admin, finances, forms, legal and taxes are all done in the correct order. This is often a neglected area of a small business as most owners do not wear or even own a managers hat.

To get the business sin a place of sustainable growth the manager needs to visit the business and get these tasks completed. IF this is not part of your skill set then outsource these to a bookkeeper, accountant and labour broker before you find yourself having to fill out forms with a lawyer.

These notes are just an extract of a one-day workshop “The 9 Hats of Entrepreneurship”

Business owners need to wear the hat of the technician. These are the people who get the job done and know the details of the business down to the smallest nut and bolt. Most small businesses are born from the technician and develop through a series of growth levels, normally from the lounge to garage to Wendy house to factory shop to warehouse.

The problem we see with technical people is the lack of business acumen and procedures. They get the job done but there is little or no paper work or marketing. Cash flow and planning become huge issues.

These notes are just an extract of a one-day workshop “The 9 Hats of Entrepreneurship”

Business Owners wear the hat of an Entrepreneur. An entrepreneur in simple terms is a risk taker and opportunity seeker. He likes to seek out new ideas and concepts and then make a plan to get them to market. This requires vision and energy. The Entrepreneur is one who sleeps with a notebook and pen so he can awake at 02:45 to make notes for a new business concept. Entrepreneurs have huge imaginations and the word ‘impossible’ is not a part of their vocabulary.

Every business needs some Entrepreneurial input to keep the ideas fresh and moving forward but will also need some form of balance to keep the business on an even keel and cash flush.

These notes are just an extract of a one-day workshop “The 9 Hats of Entrepreneurship”