Getting Started On Restructuring The Business
To begin, consider the goals of your organization and how they align with the needs of your stakeholders.
Then, evaluate the strengths and weaknesses of your team and create a plan to restructure roles and responsibilities accordingly. Next, create a timeline for the restructure and ensure that all stakeholders are informed of the changes. Lastly, provide resources and support to help your team adjust to the new structure.
Consider the goals of your organization and how they align with the needs of your stakeholders
Evaluate the strengths and weaknesses of your team
Create a plan to restructure roles and responsibilities
Create a timeline for the restructure
Ensure that all stakeholders are informed of the changes
Provide resources and support to help your team adjust to the new structure
It will take considerable thought, research and thinking to reorganize and restructure your business. I recommend taking on the task of writing a formal Business Plan ensure you’ve got all your bases covered. I recommend that you approach restructuring your business as if it is a start-up. Assume nothing and verify/quantify everything.
You can find Greg’s business planning book titled “Tips and Traps For Writing an Effective Business Plan” (Kindle) on Amazon. It contains a day-by-day guide to writing a busiuness plan in 30 days.
Once you have reorganized your business, it is important to restructure it for long-term success. This includes considering how to restructure the roles and responsibilities of your team, and ensuring that all stakeholders are consulted and their needs are met.
Restructure roles and responsibilities of team
Ensure all stakeholders are consulted
Make sure all stakeholders' needs are met
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