Nowadays, business owners (and their teams) are more and more confronted with changes. Delayed or incorrect responses to these often fundamental changes can lead to a little shake or to a full blown crisis.
The effects of a crisis are often manifold. The crises themselves are often comparable. There is the strategic crisis – which often remains unseen. The earnings crisis – which has a medium to a big impact. And the serious restructuring crisis. This is a serious problem. In most cases, it is a sign that the business didn’t take care of their “behind-the-scenes” before it was too late.
All business segments require a regular review of existing structures. A complete analysis of your systems, your automation and your strategies for high efficiency.
But what needs to be assessed: The effectivity of the business as a whole. The efficiency of cooperation within the business.
Structures within a business need to be documented in a followable detail. They have a reference to the business strategy and are the guideline of the control concept. To work efficiently tasks should not overlap. Responsibilities must be communicated in an unmistakable manner.
This often results in known procedures and patterns of thinking by the management and team, which is a huge risk.
To be successful in the long term, businesses have to regularly question their strategies and structures. As well as their control and forms of cooperation. Businesses need to continually develop them with regard to their future viability.
The goal in (re-)structuring the business is creating structures that ensure a stable running business. An environment where all tasks are allocated and accounted for. Where the status of every lead and client is clear and there is no doubt where the money comes from and goes to.
At the same time there need to be guidelines how a task should be performed, so all pieces of information and next steps can be picked up and analyzed at any time.
All this doesn’t result in a tight corset. Having set structures and guidelines, and following them with discipline provides freedom. And sets the base to scale a business to the next level.