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Small business management is defined as managing employees and business. It can also be interpreted as the ability to make profits and remain out of the red.
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∙ 9y ago
- According to Peter Drucker, small business management involves setting clear objectives, organizing resources effectively, and making optimal use of available technology to achieve business success.
- Mary Coulter defines small business management as the process of planning, organizing, leading, and controlling resources in a small business to achieve its goals and objectives.
- In the book "Entrepreneurship and Small Business Management" by Steve Mariotti and Caroline Glackin, small business management is described as the ability to build and manage a successful business by effectively handling various operational aspects such as finance, marketing, and human resources.
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