Handling the financial part of the business is one of the things an Online Business Manager is good at. Considering how meticulous the process of handling financial statements are, it only makes sense that owners are presented with the summarized version for their benefit.
So what exactly can an Online Business Manager do when it comes to the financial aspect of a business?
Aside from the obvious delivery of products and receipt of payments, OBM’s are involved in much more complicated tasks. For example, they are the ones responsible for the set up of revenue streams like membership sites, workshops as well as the completion of Multimedia products, Books, Programs and Workbooks. They are also the power behind Live and Virtual events usually done for marketing and revenue purposes.
An Online Business Manager also considers technical support as part of their job description, often ensuring that clients will be able to find help should they face any problems with the product. Installation of maintenance programs and continuously checking on them would also be necessary as well as ensuring that the revenue stream is up to date at all times.
All in all, they manage to wrap up all the revenue transactions of a business and may even be involved in approving expenses depending on the decisions of the owner. As mentioned, they may summarize these financial reports into a single item that the owner could look over to ensure that the business is running smoothly.
With a good Online Business Manager, owners will find the financial aspect of their business well-organized with continuously increasing profits.
hey, I’m Kim + I am ridiculously passionate about helping you to work smarter and not harder + to realize how freaking amazing you actually are, exactly as you are and how easy business really can be when you are in alignment + simplify + add systems to organize your business + plan your business growth. I’ve been geeking out about online business, online marketing + systems + personal development + all that stuff since I created my first business back in 2006 + sold it.
This whole business owner thing is not for the faint of heart, there is a reason why most businesses fail!
While the road to burnout doesn’t look the same for everyone on it there are some similarities you typically experience on this path!
- You’re always in the weeds of your business
- You don’t have efficient systems and processes (or maybe none at all)
- You aren’t delegating effectively
- You can’t take time off
- You’re trying to do too many things at once + wearing all the hats
It’s exhausting just thinking about it! But there’s a way off the hamster wheel!
If you’re overwhelmed, overworked, stressed out, and worried that if you take time off the bottom will fall out from beneath you and your business will fall apart.
Then, you are in the right place my friend, been there, done that, got the tee-shirt and I’d love to support you in ending the cycle!