Resale Business Owner: brand, team and compliance

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I'm learning "Resale Business Owner: brand, team and compliance" on The Future Market. Lesson 1: "From operator to owner".

What the lesson teaches:
- Before this course: Reselling at Scale (course 2.15.3). You already know unit economics, run a channel plan and one inventory, use a consignment contract with a consignor ledger, write SOPs and read a weekly dashboard. This course is about owning and leading: brand, team, compliance and the future of the business.
- Operator vs owner. An operator does the daily jobs (sourcing, listing, packing). An owner decides direction, sets rules, hires and trains, checks the numbers and protects the business from legal and money risks.
- Owner hours audit. For one week, write every hour you work under one of two headings: "doing the work" or "owner work" (planning, training, reviewing numbers, compliance). Most small owners find owner work is a small share. Moving jobs to helpers, with SOPs from course 2.15.3, frees owner time.
- Decision rights. A written table of who may decide what, and up to what amount. For example: a helper may accept returns that match the policy, a lead may approve refunds up to a set amount, only the owner signs consignment contracts or buys stock above a set amount.
- Delegation levels (a common way to describe them): 1. Do what I say. 2. Look into it and tell me. 3. Suggest and I decide. 4. Decide and tell me after. 5. Decide alone. Give each job a level and raise it as a person proves they can do it.
- Monthly owner review. Once a month, look at the weekly dashboards together (course 2.15.3, Lesson 6), the consignor ledger and the free-cash number, and make no more than three decisions.

The exercise I'm working on:
Do the owner hours audit for one week (real or practice) and write a decision-rights table with at least six jobs, a delegation level for each and one job to hand over first. ---

I'm stuck. Please:
1. Explain the main idea in plain, simple words with one everyday example.
2. Walk me through the exercise one small step at a time. Ask me what I've done so far before giving the next step.
3. Don't just give me the final answer. Help me do it myself, and check my work when I share it.

I'm a parent helping my child (about 8 years old) with a lesson called "From operator to owner" from the course "Resale Business Owner: brand, team and compliance".

Here's what the lesson says:
Before this course: Reselling at Scale: multi-channel and consignment contracts (course 2.15.3). A team captain who runs to kick every ball gets tired, and the team stops learning. A good captain decides the plan, gives each player a job and watches the whole field.

The activity:
Do the owner hours audit for one week (real or practice) and write a decision-rights table with at least six jobs, a delegation level for each and one job to hand over first. ---

Please explain this so an 8-year-old understands: short sentences, a fun everyday example, and no hard words.
Then give me 3 simple questions I can ask my child to check they understood, and a way to do the activity together, one tiny step at a time.