Just One Thing: Is your small business a house of bricks or a house of cards?
Okay, okay: You can be CEO. But what about everyone else?
As crazy as it may sound, the way you distribute power within your business is one of the most crucial components of success. From choosing the right co-founder to crafting a succession plan, ironing out your power hierarchy will help you create a foundation for growing your business.
Check out the videos below to learn how other entrepreneurs approach business structuring, and get inspired for your own org chart.
What to look for in a co-founder
Co-founders are just like partners in life – find someone you'll enjoy spending tons of time with.
Planning for the future
Make a clear plan for how the company should run after you make your exit.
Should you work with family?
Bringing family into your business isn't always bad, but make sure there's a real benefit.
Evaluating potential co-founders
Think of your co-founder as a personal relationship, not a business relationship.
Classifying your business
Find the classification that makes the most sense for your business, and allows it to grow the way you want.
Being performance-minded
Your company's goals should be at the heart of every decision you make, from staffing to investments.
Thinking about co-founders
Your co-founder is someone who will challenge you and disagree with you from time to time, so steer clear of personal relationships.
Creating efficient systems
Taking the time to compartmentalize specific business operations will help your company run without your supervision.
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