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Stampede Your Organizational Strategy
Organizing Your Company
This is the last piece of creating a business. You absolutely have to organize your company.
What entity type is your business going to be? The simplest way to establish a business is as a DBA. LLC's, S-corps and C-corps provide a bit of protection. Each organization type provides different tax and legal protections. If you're serious about creating your business, it is worth it to do it right. If there is more than one of you, you need to have an operating agreement to make your expectations clear and in writing.
Shareholders vs. Employees - Nobody does anything great alone. You need to have someone to work with you or for you. You could make them a partner or part owner or you could hire an employee. You want to look for people that have different, complimentary strengths to you to balance you out.
Assigning Tasks - When you have multiple people, every role has to be defined. You absolutely need to work with other people if you want your company to grow. And you can't be the only employee if you want your business to be sellable.
• President and Chief Operating Officer (COO)
• Vice-President/Marketing
• Vice-President/Operations
• Vice-President/Finance
• Sales Manager
• Advertising/Research Manager
• Production Manager
• Service Manager
• Facilities Manager
• Accounts Receivable Manager
• Accounts Payable Manager
Sign a contract for each position created. Even if you are doing the worker bee jobs, you need to write up a job description, set expectations for each role and sign it. Stampede created an org chart and had everyone in the organization write down their job descriptions and the job descriptions of the people that they will be responsible for in the future. Because Stampede did this, even before we knew what we were doing, we have been able to pivot and stay organized as things changed and the business grew.
Prototyping the Position: Replace Yourself with a System
Build your business as if it were a Franchise Prototype of its own. Franchises don't sell products, they sell systems. Systematize everything.
Create an Operations Manual for each of the roles. Each role needs to have documented steps with checklists and rules that make things easy for anyone doing the job to follow.
Hire people to replace you as an employee. Train them using your Operations Manual.
If you don’t follow the rules, why should anyone else?
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By Stampede NetworksOrganizing Your Company
This is the last piece of creating a business. You absolutely have to organize your company.
What entity type is your business going to be? The simplest way to establish a business is as a DBA. LLC's, S-corps and C-corps provide a bit of protection. Each organization type provides different tax and legal protections. If you're serious about creating your business, it is worth it to do it right. If there is more than one of you, you need to have an operating agreement to make your expectations clear and in writing.
Shareholders vs. Employees - Nobody does anything great alone. You need to have someone to work with you or for you. You could make them a partner or part owner or you could hire an employee. You want to look for people that have different, complimentary strengths to you to balance you out.
Assigning Tasks - When you have multiple people, every role has to be defined. You absolutely need to work with other people if you want your company to grow. And you can't be the only employee if you want your business to be sellable.
• President and Chief Operating Officer (COO)
• Vice-President/Marketing
• Vice-President/Operations
• Vice-President/Finance
• Sales Manager
• Advertising/Research Manager
• Production Manager
• Service Manager
• Facilities Manager
• Accounts Receivable Manager
• Accounts Payable Manager
Sign a contract for each position created. Even if you are doing the worker bee jobs, you need to write up a job description, set expectations for each role and sign it. Stampede created an org chart and had everyone in the organization write down their job descriptions and the job descriptions of the people that they will be responsible for in the future. Because Stampede did this, even before we knew what we were doing, we have been able to pivot and stay organized as things changed and the business grew.
Prototyping the Position: Replace Yourself with a System
Build your business as if it were a Franchise Prototype of its own. Franchises don't sell products, they sell systems. Systematize everything.
Create an Operations Manual for each of the roles. Each role needs to have documented steps with checklists and rules that make things easy for anyone doing the job to follow.
Hire people to replace you as an employee. Train them using your Operations Manual.
If you don’t follow the rules, why should anyone else?