Small business management refers to the overall administration and overseeing of a small business enterprise. This is often handled by a group of members of the company, though sometimes it can be handled by just one person (especially for smaller businesses). Some of the management tasks can also be outsourced to specialists if there is need for expert assistance.
Some small business management tasks include:
- Handling start-up and registration of the company
- Hiring and training new employees
- Handling loans and debts
- Managing advertising
- Finding sources for materials and production, etc.
- Maintaining business property
- Dealing with relations with other businesses
Small business management can sometimes be involved in business disputes. Some common small business management conflicts may include:
- Conflicts with employees
- Labor union conflicts
- Issues with white collar crime such as tax evasion or fraud
- Disputes with other businesses (such as those involving trade secrets, unfair competition, etc.)
- Handling employee benefits and wages
- Compliance with federal and state laws (such as ADA and handicap accessibility laws)
In addition, some small business management claims can involve government issues like zoning and city ordinances. These can often require the assistance of a legal professional or a city auditor.
Small business disputes may often require legal action to resolve. This is often true for internal conflicts that involve major violations such a fraud or hiring disputes. In some cases, a dispute may require investigation by a government agency like the EEOC. Many small business disputes can be prevented or minimized by hiring a professional who can help ensure that the company is complying with state and federal legal requirements.
Small business management disputes can often require legal assistance when it comes to resolving them. You may need to hire a business lawyer if you have any disputes that need resolving. Your attorney can provide you with input and research on the laws in your particular area.