It’s common knowledge that in order for entrepreneurial people to make economic progress as owners, they must be involved in the creation and operation of a business. Businesses at their core are profit focused economic vehicles with many moving parts. These parts are called business functions and they are high level groupings of related business processes. The big problem is that as an entrepreneur’s business activity increases, more business functions become apparent and important while demanding the entrepreneur’s attention.
Unfortunately, this can become incredibly overwhelming for the entrepreneur and make it very difficult to see which business functions they should be spending time improving, fixing or repairing. This lack of awareness can create significant risks for the business as more people or resources interact with incomplete or sub-optimal business functions when trying to work with the organization.