24. REORGANIZING - THE RIGHT STRUCTURE FOR YOUR FUTURE ORGANIZATION - PART 4 - FLORIN LUNGU

Season #3 Episode #24

Recorded LIVE at IBGR.Network - Your Business Growth Radio

A question I love asking business leaders I work with is, how does your organization look like three years from now? What about five years? Or ten?

As you look at the things you want to achieve in your business over the next years, how big of a team you need around you to allow you to do that? Who in your current team is still with you five or ten years from now?

 That’s some really thought-provoking set of questions I’ll love to explore with you today.

 Show Objectives - The Why

These questions are universal regardless of the growth stage. During Stage I, this is simple. You’re a hand full of people and no processes or organizational charts to think about. During Stage II this is an academic issue because you are so focused on generating sales that the answer to the question is "whatever” and “whomever.” Now you are in a different spot, there is time to give this thought and make it a priority because what happens at Stage III is your future.

 From this point forward your goal for organizing the company is simple - focus all of the employees to pull together in one general direction to maximize impact - "getting the herd headed roughly west.”

 Key Issues - Owner Perspective:

  1. This is not a priority.
  2. How do I even know where I want to be in 5 years?
  3. People aren’t serious. You can’t find good people anymore.

 What You Need to Know - The What

 Â·        Not all people on your team need to be with you three years from now.

·        Not everyone has a seat on your bus.

·        Your top talent always has options

·        Some need to step up and some need to go.

·        Don’t send your ducks to the eagles school.

 What You Need to Do​​ - The How

  1. Make it a priority.
  2. Visualize your future business.
  3. Sketch your 3-year organizational chart.
  4. Map out your current players to the future roles
  5. Identify who’s not up for it.
  6. Create a plan to fill the empty seats.

 â€‹Shows

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â—Ź      Next: Episode 25-28 - Making 2021 Your Best Year Ever