Managing a business implies significant responsibilities and tasks.
Keeping accounts, paying taxes, recruiting and supervising qualified staff can all be decisive factors for success. Staff management requires particular skills - setting wages, complying with social security rules, matching skill sets with jobs.
Businesses are also legally bound to submit statistics. When compiled in the national and European statistical datasets, these can then help companies evaluate markets and develop commercial strategies.
Managing a business - especially a small one - also requires owners to keep a constant and close watch on finances, to anticipate difficulties and avoid insolvency.