Organisational Structuring

Click here to load reader

  • date post

    01-Nov-2014
  • Category

    Business

  • view

    4.524
  • download

    1

Embed Size (px)

description

 

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
    R.L.Narayanan | narain@gmail.com
  • 3.
    • Why you need to structure?
    • Story of a Pottikadai
      • Ownership
      • Management
      • Risk Management
      • Scaling of Operation
      • Strategic Thinking
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 6.
    • Partnership 2+ More
      • Partners driven
      • Partner Ownership & Liability
      • Personal attachment for Liabilities for defaults
      • No greater legal validity
      • Limited, in-formal investment opportunity
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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 )
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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
    R.L.Narayanan | narain@gmail.com
  • 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