Organisational Structuring
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01-Nov-2014Category
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Transcript of Organisational Structuring
- 1. R.L.Narayanan 360 Degree Group [email_address]
- 2.
- Founder / Director for 360 Degree Interactive & 360 Degree Consulting
- Avid Market Watcher, Financial Strategist & Capital advisor
- Part of The Knowledge Foundation with events like Proto.in, Barcamps & Elements 5
- Blogger, Tweeter, Columnist
- Graduation in Economics, Finance & Advertising
- 14 years of experience in sales & marketing, financial control and top level management
- 3.
- Why you need to structure?
- Story of a Pottikadai
- Ownership
- Management
- Risk Management
- Scaling of Operation
- Strategic Thinking
- 4.
- Legal Structuring
- Its about the place you live & operate abiding to the law of the land.
- Team Structuring
- Building a team from scratch. Moving from an one man idea to a diversified team
- 5.
- One man army Sole Proprietorship
- Individual driven
- Individual Ownership & Liability
- Personal attachment for Liabilities
- No greater legal validity
- No external investment opportunity
- Very narrowed Scaling Possibility
- 6.
- Partnership 2+ More
- Partners driven
- Partner Ownership & Liability
- Personal attachment for Liabilities for defaults
- No greater legal validity
- Limited, in-formal investment opportunity
- 7.
- Private Limited 2+ More
- Legal Entity
- Promoters absolved from individual liability
- Stipulated Laws of operation
- Greater audit control & Governess
- Easy for External Investments to flow in
- Greater unlisted Opportunity
- Liked very much by professional investors Angels, VCs, PEs
- 8.
- LLP Limited Liability Partnership (near future)
- Best of Both the worlds (Partnership & Pvt. Ltd)
- Legal validity with clear laws
- Flexible ownership for micro / small operations
- Greater unlisted Opportunity
- Less cost of Operation on compliance
- Very much in line for professionals (Chartered Accountants, Doctors, Lawyers, Architects )
- 9.
- Essentials for a legal entity in India
- Memorandum & Articles of Association
- Incorporation Certificate
- Director Identification Number (DIN)
- Permanent Account Number (PAN)
- Tax Deduction Account Number (TAN)
- Service Tax Registration
- Professional Tax Registration
- An external Auditor to audit your accounts
- Current Account in a Bank
- 10.
- The Birth of an Idea
- Friends / Relatives in the game
- Black Stories about Friends
- Horrible Stories on Relatives (Reliance, Bajaj)
- Personal Relationship Vs. Professional Relationship the divider line
- Own Money Vs. Friends / Familys money
- Need for structuring the finances
- 11.
- Single Head Vs. Multiple Head
- Size of the founding team Preferably 2-4 [Ex. Microsoft, Apple ]
- Its not mandatory. Infosys had around 8+ co-founders
- Why you Need for a Co-founder
- Complimentary skills
- Different PoV of the business idea
- Division of Work
- Contacts & Networks
- 12.
- What qualities you need in a Co-founder ?
- Believing in the business idea
- Honesty & Transparency
- Willing to go the extra mile for the firm
- Flexibility in face of changing circumstances
- Is a friend / relative can be a co-founder?
- It depends
- Build the dividing line clearly
- Dont mix personal & professional relationship
- 13.
- What qualities you need in a Co-founder ?
- Believing in the business idea
- Honesty & Transparency
- Willing to go the extra mile for the firm
- Flexibility in face of changing circumstances
- Is a friend / relative can be a co-founder?
- It depends (TVS Group, Murugappa Group, DLF, Google)
- Build the dividing line clearly
- Dont mix personal & professional relationship
- 14.
- Building a team is essential in any entrepreneurial activity
- Every company is started with promoters and few first employees
- Scaling up slowly but effectively
- 5 Core Areas of a successful company
- Strategy / Top level management
- Operations
- Sales & Marketing
- Finance
- HR & Administration
- 15.
- Great businesses are built with sound advice & strong Board with absolute Corporate Governance (Ex. Enron, Tyco, Worldcom, Satyam)
- Considering a Mentor first
- Putting together a Board
- A Board is not an old boys club. It provides strategic direction & put forth goals for the management team to achieve
- 16.
- Without a destination, the journey is not complete
- Be clear with what you wanted to achieve eventually
- Are you for Build to Last or Built to Flip?
- Flipping is build a business and sell
- Lasting is to build a business for generations
- Both the models are right with its pros & cons
- Without a clear exit option, Investors wont be interested in your business
- 17.
- Without a destination, the journey is not complete
- Be clear with what you wanted to achieve eventually
- Are you for Build to Last or Built to Flip?
- Flipping is build a business and sell
- Lasting is to build a business for generations
- Both the models are right with its pros & cons
- Without a clear exit option, Inve
