Every business needs their owner, but the amount of involvement may greatly vary depending on a number of factors. Often times it is precisely this involvement that many business owners overlook and what ultimately causes them to retreat back to a previous career. At the core of your business is the owner relationship. Before beginning any business you should consider what type of relationship you would like to have with your business.
Business Owner Relationships
The Casual Relationship
The business that requires the least amount of time from the business owner is the casual relationship. A frequently absent owner, placing trust in a managerial structure and relying on solid communication skills are absolutely necessary for this business owner.
The Steady Relationship
If a continual schedule is up your alley you may consider going into a business that requires a steady relationship. In this business you will likely hold a consistent schedule and have one to five other employees that report directly to you in order to pass along the majority of your communications.
The Dependent Relationship
If a business that can’t run without you is what you’re looking for, you’ll find it with the dependent relationship. You’ll likely work the majority of your open business hours and rarely rely upon others for their abilities to lead, but rather hire for specific skills or customer needs.
Regardless of the type of relationship you are looking to have with your business, there are existing franchises and business for sale offering exactly what you’re looking for. Entering into an honest relationship with your business is the first step in a long and successful career.