Whether you decide to begin a new business, recreate the business you have, or build a separate division under your existing business, your legal structure will be the first structure choice you make. Your legal structure will affect your personal liability, the taxes you pay, the amount and kind of money you might need to raise, and the amount of paperwork you will need to deal with and how often.
Organizing Your Specific Business Needs Today Will Help You for Years to Come.
The business model you may chose should have as part of its design a flexible management component. This will allow you to either upsize or downsize as need dictates. It is not as easy as we note here, the proper structure should be as important to you as the original idea of your company was in the very beginning.
FIVE REVOLUTIONARY MORALS
This quote of Five Revolutionary Morals comes from Thomas Stewart’s Intellectual Capital
Revolutionary Moral 1: Look out for major shifts in the conditions governing your marketplace and transform the business model to fit.
Revolutionary Moral 2: Build your business model to be better, different, and more dynamic.
Revolutionary Moral 3: Look for allies to help you outgrow your rivals in a restructured business system.
Revolutionary Moral 4: Let the customers and their needs really determine your business model.
Revolutionary Moral 5: To buy the future, be prepared to cannibalize the present.
Properly Structuring Your Business Will Change Your End Results.
Structural issues in business sometimes manifest as mere symptoms of a much larger root situation. Often the largest problem a business owner has is that they don’t know how to ask the right questions. It’s not always easy to see problematic issues from the inside. Like a mechanic who doesn’t know what to look at when a car won’t start, you might not be able to figure out how to fix your company. It’s not only ok to ask for some help, it is much smarter, and less expensive then failure.
If you don’t ask the right questions, you can’t figure out where the structural problems are. We will ask the questions that need to be asked and help you find where the issues lie. Let us know if we can help. Contact Us now.
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