As a small business owner, you can have a lifestyle of freedom and flexibility not offered to an employee. However, being a small business owner also carries greater responsibility with many more tasks to juggle. Most small businesses have limited resources when launching, which means that, as the owner, you have many hats to wear, depending on the nature of your business.Planning and Strategy, Finance and Accounting, Marketing and Sales, Customer Service and much more.

Determine the demand for products and services offered by a firm and its competitors and identify potential customers. Develop pricing strategies with the goal of maximizing the firm's profits or share of the market while ensuring the firm's customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.