1. Business Management and Operations

• The owner is solely responsible for planning, running, and overseeing all day-to-day business activities
  
• Tasks such as purchasing, sales, inventory control, customer service, and staff management are handled directly
  
• There is no division of responsibility—the owner manages every operational function
  
• The success or failure of the business largely depends on the owner’s efforts and decisions
  
• The owner must balance both strategic and routine functions effectively
  

2. Financial Responsibility

• The owner controls the business’s finances, including revenue management, expense tracking, and budgeting
  
• All business profits belong to the owner and are used at their discretion
  
• The owner must also cover losses personally, as there is no financial separation from the business
  
• Investment, reinvestment, and savings decisions are entirely at the owner’s discretion
  
• They must manage personal and business finances with care to ensure sustainability
  

3. Legal and Regulatory Compliance

• The owner is accountable for obtaining necessary registrations and licenses such as GST, Shop Act, or Udyam
  
• The owner must maintain compliance with applicable labor, safety, and trade regulations
  
• The proprietor must ensure that contracts, leases, and agreements are valid and lawfully executed
  
• Any legal disputes or liabilities fall directly upon the owner
  
• Timely renewal and documentation must be managed personally or with the help of a consultant
  

4. Decision-Making Authority

• The owner has full and independent authority to make business decisions
  
• There is no requirement to consult with partners, board members, or shareholders
  
• Decisions related to pricing, hiring, sourcing, and expansion are made solely by the owner
  
• This allows for fast, flexible, and personal business strategies
  
• However, the owner also bears full responsibility for poor or failed decisions
  

5. Relationship Building and Branding

• The owner is the public face of the business, responsible for building client, vendor, and community relationships
  
• Reputation, trust, and service quality depend heavily on the owner’s personal conduct and reliability
  
• Marketing, networking, and promotional activities are often managed directly
  
• Personalized service enhances loyalty but also increases reliance on the owner’s presence
  
• The brand value is tied to the individual’s credibility and consistency