The People You Need In Your Business

The People You Need In Your Business So you’re starting a business. Excellent! There’s very little out there that’s quite as rewarding as having a business of your own. Remember that no matter the size of your business, you need a strong organizational structure to operate properly. It’s the best way to work efficiently. But what does organizational structure mean? It refers to properly delegating certain tasks to certain departments and making sure they all work in harmony towards a common goal. So what departments do you need, and why? The Boss That’s you, right? You’re the administration. You need to oversee employees and implement company directives. Company directives you’ve written, of course. You’ll also need to interview and hire new employees for the company.You’re the go-to. People will probably request holidays and sick leave from you, too, unless you get other administrative help. The Producer/Creator So what is your product? If you’re building chairs, you need a production department that focuses solely on making chairs. Are you making video games? You need people who can design and program video games, as well as produce the art for them. If you’re offering an online service, you need people to make the website and communicate with clients. People who start their own company often imagine themselves taking on these responsibilities. But the fact is that you will be spending a lot of time on administrative duties. You know, boss stuff. Your attention will be split in a way that isn’t fair to you, your employees, the product, or your customers. The Accountant / Financial Controller Fiscal year. Revenue. Sole trading tax. PLC. Audits. Earnings per share. All of this stuff should really be the worry of a specialist. Accountants are the ones who deal with this. The accounting department handles the bookkeeping for a business. All revenue, expenses and company equity are tracked by the accounting department. They make sure your company is paying the right amount of tax by making all the initial arrangements with the government. Accountants may also prepare income statements, balance sheets, cash flow statements, etc. Basically, all the stuff you needn’t deal with yourself. As the ones dealing with the money, they may also deal with ordering inventory for production when needed. Image Source; Image Source; Image Source: Image Source