Organize Your Company
Organizing your company involves taking a concept, developing a process and building a team to successfully get the product or service to market to generate sales. The Board of Directors takes the lead in reviewing candidates for the organizational team of workers and professionals. Forming strategic alliances can be instrumental to your experience and have an influence on your customers.
Instructions
1. Establish a Board of Directors to determine the organization's mission and purpose. Hire additional staff, review the organization's programs and services and arbitrate personnel conflicts. Assess the performance of the Board in its early stages of formation to ensure that the members are trustworthy and committed to the mission. Change members of the Board as required.
2. Organize your team and operations by developing a business plan and first year operating plan to show how your product or service will get from the production stage to your target customer. Identify the people required and their role. Itemize day-to-day activities, suppliers and vendors, labor and raw materials. Demonstrate how you will keep track of inventory and the type of equipment you need.
3. Select your professional team of strategic alliances, marketing and sales representatives and the engineering team who will be instrumental in developing products and processes. Define the Board's mandate of goals and objectives. Establish advisory boards for technical, business and consulting functions by locating retired experts in your field, through social networks, who would be willing to help you accomplish such tasks as entry into new markets, launching a new product and opportunities for expansion.
4. Establish the core of your organization by setting up the financial functions of the Chief Financial Officer and Controller to establish the accounting system to achieve the overall strategic objectives of the organization. Plan for the acquisition of fixed assets. Analyze costing around product development and salaries. Develop long-term plans for improvements to the organization or expanding the business.
5. Organize a sales team and process. Define your target, geography and marketing activity. Establish relationships with every customer who has pre-qualified your product or service to encourage their decision to make the purchase. Determine the target bracket of the customer. Confirm technical capabilities, prepare agreements and deliver the product or service. Organize the client into one of two categories: "future customer" or "not likely customer," for both customer and company organization.
Tags: product service, Board Directors, Organize Your Company, strategic alliances, your product