Many businesses do not have absolute clarity around their team’s defined roles and responsibilities. This often results in owners wearing too many ‘hats’, meaning little time spent is on strategic or high-level activities that create real value for the business. Does that sound like you?
Maybe everything was working fine, ticking along nicely, and then bang, before you know it the team has grown and the wheels are starting to get a little wobbly. Now may be the time to take a step back and perform an organisational review.
You should start with building a functional Organisation Chart which visually defines departments/teams, key functions, roles and responsibilities. This is your opportunity to define clear roles and responsibilities and gain time for yourself to concentrate on key activities and revenue generation.
Studies also show that undertaking such an exercise will increase team satisfaction. There’s no better way to empower your team than to give them clarity around their defined roles, responsibilities and career development opportunities.
Having a clear organisational structure will enable your business to be more sustainable, scalable, and, ultimately, saleable.
Not sure where to start with an organisational review? We can help! Put aside a day to work with us in an initial full day planning session where we’ll discuss the fundamentals to develop an Organisation Chart. We’ll help you determine the ideal roles for the business as opposed to fitting roles to the people in your team. You’ll also gain clarity on what functions can potentially be outsourced or delegated to others.
After reviewing your current structure we’ll follow our experienced process to create a functional Organisation Chart using our highly effective templates.
We’ll provide you with recommendations and next steps for you to complete the first draft of your Organisation Chart and monitor your progress over the following weeks as you refine and finalise your chart.
Upon completion we’ll meet again to review and tweak your organisational structure
We’ll act as a sounding board for you to discuss your ideas, make effective strategic decisions and develop a better, more sustainable business model.
Call us to develop a structure that will support your future business plans.
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Reflecting on the past 6 months, particularly since the effect of Coronavirus on financial markets, I am concerned that many investors do not have a clear and tailored investment strategy. My observations are that investors seem to be failing to understand one basic investment principle; 'The higher the return the higher the risk’.
The updated alternative tests released by the Commissioner of Taxation are broadly similar to the alternative tests that were released in connection with the original decline in turnover test. However, there are some key differences.
To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:
Is my business eligible? Am I and/or my employees eligible? and What JobKeeper rate applies?
We’ve summarised the key details in this update.