Business structure
In the early days of your business, you'll find yourself the
centre of activity, fulfilling many roles. But for your company to
grow effectively you'll need to put the correct structure and
pillars in place. Read our guide to find out how to recruit a
management team, build departments and delegate control.
- Bringing in a management team
- Setting up departments
- Delegating control
Bringing in a management team
Before recruiting managers, assess what your needs and aims are.
Ask yourself the following: have you identified any weaknesses in
your skills that could benefit from some outside expertise? Are you
looking for support to help out with some of the business' demands?
Are you creating a new role that calls for skills you don't have?
Look at your existing staff - does anyone stand out as management
material, will you need to invest in training or should you make an
external appointment?
- It can be hard to acknowledge your weaknesses, but this will
help you to identify the type of management team your business
needs
- Consider whether any of your existing staff are suitable to
become part of your management team
Setting up departments
As you recruit new people to your business, it's likely you'll
need to set up separate departments, such as finance or marketing.
Ensure that tasks, roles and responsibilities are clearly outlined
and are in line with budgets. Consider the skills that you will
require from employees and detail these in any job specifications.
It's vital that you oversee the department in the first few weeks,
to ensure that it is running smoothly or until it is able to run on
its own.
- Outline clearly the tasks and responsibilities of separate
departments
- Consider the skills you'll require from employees and ensure
these are contained in job specifications
Delegating control
Owners of growing businesses often find it challenging to
delegate control as they are used to carrying out many tasks
themselves. Delegating, however, can offer many benefits such as
feeing up your time for areas you are good at, building trust and
helping to motivate employees. Write a list of tasks you perform
and consider whether you or someone else can do the job better.
Costs are also important - delegate if this proves to be more
cost-effective.
- Delegation can free up your time so you can concentrate on
areas you are best suited to
- Giving employees additional responsibility can boost levels of
motivation
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