Companies at this stage have employees doing different jobs. But usually they lack formal departments or managers of those departments. Most employees wear several hats and do what’s needed at the moment. This is not always a bad thing.
In fact it’s useful for this reason: companies at any stage need all the functions performed by big companies. But they usually don’t need them full time. Nor can they afford a full time position for many functions. That’s why employees have to wear many hats.
One other characteristic of these companies is they are frugal.
What’s missing is they often don’t have time to plan for the future. They tend to management from crisis to crisis thinking they don’t have time to be strategic. And that often becomes a barrier that prevents growth. That is a bad thing.
The first place to start is The Company Blue Print. My program called 20 questions will help you specify what you want from your company at this time in your life and translate that into a blue print that will help develop your company so it can achieve your personal goals.
After that we usually work on better cash flow management. Why? Because taking time away from the day to day to focus on the future requires cash.
The next step is to document work flows and job expectations. Expectations (rather than descriptions) define what you expect a person to produce. This leads to better management, fewer crises and a more organized company.
Call me. 203-775-6676. I’m on eastern time. Or shoot me an email: firstname.lastname@example.org.
Let me know what questions you have and we’ll see if it makes sense for us to work together.