We have flexibility and freedom in today’s world to build companies in different ways.
We want to engineer companies to run the way you want. As an attorney, I often work on structuring companies to work the way the owners dream — the way investors want to interface with each other and the way they want to get things done.
I build a custom blend for them to meet their very specific wants and needs. It goes beyond just the legal structure. It also involves the management structure and how processes flow. We’ve talked before about your captured power, all those unique things that you do that nobody else does that creates so much value for the economy.
Build from your captured power. We want to engineer the company to flow in a way that makes sense for you. This is a top-to-bottom issue. It’s how you interface with your owner. It’s how you build transition plans for the future. It’s how you work with your teams on day-to-day processes. We want to start with understanding the unique powers of all key parties in the business.
What does each person do better than anybody else in the world? What are her gifts? We want to focus his time and energy on those things, and the systems and processes throughout the business should allow that. As the business grows, people should spend less time on tasks that aren’t in their area of greatness. Just because people are good at something doesn’t mean they should spend their time and energy doing it. We want people in their zone of greatness, most of the time.
How do we engineer companies to work around us?
#1. We understand the core competency and power. We know where to focus.
#2. We build processes and systems to eliminate tasks that are not core to individuals. We enhance the amount of time they can spend on other things that are core to them.
#3. We keep a constant and relentless focus on that ability and use as much of that ability as possible.
#4. We keep engineering our growth to focus more and more on that captured power. As the company grows, we move employees into roles that fit them and give them more responsibility in their core.
#5. We think strategically. We think about servicing customers now and in the future. We focus on how we will deliver in a more powerful way in the future.
It’s not easy to do the work, to move your teams around and to focus on greatness. It’s not easy to build the necessary foundation. But these are activities that will help you build a world-class organization.
Make sure you download our free checklist to assess your business.
This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer .
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.
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