Co-owners of companies are in charge of setting up a financial plan for a business, communicating with the other company owners and ensuring that advertising and marketing needs are met. On a typical day, a business co-owner will assist customers, train or hire employees, assist with payroll duties and work as a human resource manager. They also work to implement savvy marketing techniques and ensure that inventory is adequate.
Skillset: Because a co-owner is a business owner, many people who own companies in part have great business skills, are adept at customer service and are willing to work long hours. They help out in any business department where help is needed and usually have strong accounting, business and finance skills. It is also important for them to have an in-depth knowledge of their industry and to constantly be aware of industry trends and laws.
Education: It is common for co-owners to have detailed work experience in the industry their business is in. As well as this, degrees in business management or field-related degrees are also helpful.
Career Path: A great co-owner has a knack for working with people and also has exceptional business skills. Bookkeeping and advertising courses are recommended.
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