Difference between managing a business and being an entrepre
Jeremiah
Terms in this set (34)
Managing a business Overseeing the operations and activities of a business.
Entrepreneur An individual who starts and takes the risk of a business venture.
SBA Small Business Administration: Government agency supporting small businesses.
1. Providing access to capital
2. Counseling and training
Functions of the SBA
3. Contracting assistance
4. Advocacy for small businesses
HR Human Resources: Department responsible for managing employees.
Current name for HR People Operations or People Management.
HR Generalist HR professional with broad knowledge across all HR functions.
HR Specialist HR professional with expertise in a specific HR area.
1. Recruitment specialist
Examples of HR specialists 2. Compensation and benefits specialist
3. Training and development specialist
1. Federal and state laws
Sources regulating work environments
2. Industry-specific regulations
Things HR needs to follow Employment laws, regulations, and company policies.
1. Race
Protective characteristics against 2. Gender
discrimination 3. Age
4. Disability
Treating individuals equally regardless of their social or professional status.
Status blind
Example: Hiring based on qualifications rather than job titles.
Succession planning Process of identifying and developing potential future leaders within a company.
Advantages: Knowledge of company culture, cost-effective.
Promoting from the inside Disadvantages: Limited fresh perspectives, potential skill gaps.
Difference between managing a business and being an entrepre
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