ENTREPRENEURSHIP

Detailed explanation-1: -This individual is the second-in-command in the shop and will oversee production in the absence of the owner, general manager or president.

Detailed explanation-2: -The Oxford English Dictionary defines a business manager as “a person who manages the business affairs of an individual, institution, organization, or company". Compare manager.

Detailed explanation-3: -Managers are employees of a business. Owners are investors in a business. In the world of family business, both roles are played by the same people. In fact, in the first generation the founder is the owner and often the only manager.

Detailed explanation-4: -In a small firm, the founder, or owner-manager, often puts his or her stamp on the way things are done. He or she has, or is, the solution to many problems and tries to maintain control of the firm’s operations.