Managing and Operating a Small Business

Starting a dairy business is a tough task which requires your full time involvement.This statement is true for all businesses and not only for dairy business. In order to be a successful businessman or an entrepreneur you need to possess some basic skills like planning and management to establish and run successful business.

Once you have decided that you want to own a small business, you need to fully and sincerely get to the bottom of the business, its intricacies, market dynamics etc. The initial phase of setting up a business is the toughest one. This is mainly due to absence of history since your firm is new into the business, competition from existing players, lack of trust amongst various stakeholders in the business e.g. suppliers, buyers etc., hostility from the competitors and many more reasons which are unanticipated.

When you are doing a job you are not exposed to many aspects of the business since there are well defined functions and you are a stakeholder in only part of the overall decision making in the organization. If you are a buying officer in an organization then how financial aspects of the business are handled, you are notaware of. Similarly, there would be human resource aspect, or sales management aspect which you would not be aware of. In business everything is your baby and you have to take decisions for all functions, be it, finance, human resource, production, supplies, purchasing etc.