Business Backbone
For a business to grow and succeed, it needs a strong backbone.
The corner stone of the human body is the backbone. Made up of a series of
inter-connecting bones, it provides support and stability. A business is really no
different being made up of various layers / limbs, each of which is dependant upon
each other. To neglect one aspect of either a human or a business backbone will
result in pain and financial expense.
Here we identify the eight limbs that form the business backbone and pinpoint the
documents that are needed in each type of business structure.
Business owners. The driving force behind the business
They must be focused, resilient, hard working, financial and totally confident in
their fellow business owners. Document the agreement between the business owners
concerning the business;
Accounts and Finance concerning the business, its systems
and documentation.
Computers (IT Resources). A business without effective IT
resources will not be able to compete. Computers are not included in the definition of
'employee', therefore exploit them to the maximum 24x7x365;
Key Assets - Contractors and employees (Human Resources).
You cannot conquer the world alone. You need a Sherpa or two to help you! HR compliance
in one way or another will require considerable management attention;
Buildings and infrastructure. Everything else that is required
to generate your product / service. Premises, plant, equipment, special requirements /
skills / location;
Ordering and distribution. How do your clients obtain your
product / service? Agents, resellers, mail order catalogues, internet, shop front or a
combination;
Networking and marketing. Your image (logo, graphics), target
markets, products, cross selling, associations, competitors. Dynamic, ongoing;
Exit strategy. How will the business owners obtain their just
desserts?