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Are You Even Setting Up Your Business For Success?

With so many people getting into business that have never really owned or ran a business before, I felt the need to share a big about setting up a business.  See, this is an area that can be critical to achieving success with owning a business. 

Now I know that this is not something that is talked about all that much but it is an area that if done well from the beginning, it can really increase the speed for your success.  Let me put it this way.  Normally, when someone starts a business they’re the ones doing most, if not all of the work.  And that’s fine if you want to be a self employed person and being a slave to your business. 

But if you don’t want to be a slave to your business then you need to set up the business so that you can get other people to do the work for you. 

Now I’m not talking about outsourcing your business to other companies here.  That is a good idea but you still need to manage the contractors to make sure that they’re doing a good job.  What I’m talking about is setting up the structure of your business so that you will not always have to be the one watch everything. 

See there are areas that every business needs to have and realistically, there should be a manager taking care of that department.  Then you only need to deal with that one person, the manager, for you to find out everything you need to know about what is happening with that area of your business. 

There are a couple of key sections that you should plan to have a manager looking after for you.  Things like Marketing/Sales and Finance.  These two sections should have someone looking after them and making sure that they are moving forward.

Now what about when you are first starting or you are very small, should you still have these sections? 

Absolutely YES.  It’s just that you will be the one managing that position in the beginning.  But you should still plan and think about what you’re going to need. 

Let’s put it this way.  If you go and write out your business structure, the areas or sections of your business, it isn’t hard to figure out what each of the posistions need to be doing and what their responsibilities are.  This way, as your business gets bigger, you’ve already set out what you will need in the way of an employee and what their responsibilities will be. 

So just to give you an example.  Most people don’t really like to deal with the finances but they know that they need too.  So you might want to structure this department with a bookkeeper/administrator and a CFO (Chief Financial Officer).  Like I said, you might be one or both of these in the beginning but by know this and what each of these people will be responsible for, you will know what you need and where your business will be heading.  (Plus, this is big for the Law of Attraction)

I suggest that you spend some time and look at this for your business.  This is one of those things that you hear about where you will be working ON your business and not IN your business.  This is also one of those things that will move your business forward faster because you will know where you need to be going. 

I would love to finish this post off with a bit of a story that I heard from Steven Covey, I think.

In the forest there is a group of people that want to put a road from one end to the other.  There are all of these different workers working away at choping down the trees with their axes, and others sharpening the axes, and others cutting all the branches off of the trees that have fallen, and even more people dragging all of the branches and logs away. 

Then there are managers that are out there making sure that the workers are staying fresh and are on the right track.  They are putting on courses and trainings that teach the workers how to be more effective.  These managers are making sure that the workers are following the plan that has been laid put for them, and so forth.

Then there is the leader.  This person climbs the highest tree in the whole forest and surveys the land to make sure that they’re going in the right direction.  Then this person yells down to the managers… “WRONG FOREST!!!” 

I really like that story because it shows how there needs to be people at every level of the business and how each of them has their own responsibilities.  Now with you being the CEO or the Owner, YOU need to be that leader and guide your people in the right direction so that your business moves forward successfully.

But to do this, you need to make sure that you have your business structure set up and planed out.  The sooner you do this, the sooner you will be able to effectively get other people to work for you to produce your business more money. 

Again, I suggest that you look at this for your business.  You will be happy that you did. 

Talk to you later.

Steven Downward

PS: I would love to hear about some of the things that you have done to set up and structure your business.  Leave me a comment below and I would love it if you could tweet this out and share it with other people that are just starting out with their business.  ;-)

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Tags: building a business, business, business vision, CEO, CFO, commitment, entrepreneur, finance, home based business, law of attraction, mlm, network marketing, online marketing, online mlm, slave to your business, Structure