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Small Business Owner - Personal requirements

Kaiwhakahaere Umanga Iti

Skills & knowledge

Small business owners need to have an understanding of:

  • common business set-up problems
  • market values and trends
  • the industry their business is in
  • business management systems
  • the legal requirements relating to small business owners, including health and safety, employment and government regulations
  • marketing, management and administration
  • finance, budgeting and accounting.
They also need to be organised and have good communication skills.
Wayne Thompson at his desk working at his computer

Wayne Thompson preparing a business proposal for a client

Tony Christie adjusting a bicycle wheel

Small business owners need to know about health and safety regulations

 

Personal Qualities

Small business owners need to be:
  • dedicated
  • practical
  • hard-working
  • adaptable
  • quick-thinking
  • able to make good judgements.

 

Tony Christie

"I think you have to be adaptable. If what you've started isn't working, then you have to make changes to keep the business going."

Tony Christie - Small Business Owner

 
Previous page - Tasks and specialisations
Next page - How to get into the job
Updated September 2009
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