Business structure

Structure is the frame if a thing, the form a thing takes, a male or female can be determined from the human skeleton because of the structure of the skeleton and bones.

The structure of a business determines the growth of the business, how scalable, replicable and durable it would be.

The catholic church is by far one of the oldest business structure, and there are many reasons why.

Before you create a business structure, there are questions you must ask yourself

✓How do you want your business to be viewed in the next five years

✓ What kind of customers do you want to attract

✓ What USP would you want to want your company to be known for

I’ll just touch on 3 aspects of Business structure; People, Systems and Technology (PST)

People is made up of employees, employers, supplier, customers.

But your employees are every important because they work for you and are meant to understand teamwork, and the company’s vision and mission statement.

How they are recruited also matters as well, the documents, terms and conditions regarding their employment and retrenchment, their orientation, clarity of roles and responsibilities, their compensation and termination terms as well.

Then you define what exactly are your plans regarding the golden handshake, golden hello and golden handcuffs.

Then put systems, a system ensures that a thing can be done without your supervision. Always ask for a better way to do a role or execute a process.

Learn to document your processes and mistakes so that someone would learn from them.

A work can be likened to a movie script and I’ll tell you how, a script writer writes a good movie and looks for enthusiastic actors who would bring the script to life, and most times the script is portrayed in such a way that it makes you emotional, you resonate with the feelings of the actor even when he is paid to fake it.

You can make your business a block buster movie that customers would pay to experience the feelings that your employees are acting out.

Lastly, a business structure should leverage on technology to ensure its continuity, most of us can’t remember the last time we entered a bank for a transaction because most of the other transactions can be carried out without entering the bank.

There’s a platform for complaint, withdrawing, transfers, bills payment and the likes.

The Business built to last for generations must be the one that is built on a solid structure

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