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NEW CONCEPTS IN STRUCTURING YOUR COMPANY FOR GROWTH
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McNichols Family Foundation
Paula McNichols Completes Marathons and several Half Marathons.
"Helping Entrepreneurs Grow"
Presentation by Mac McNichols to ACG Small Business Roundtable.

SMALL BUSINESS ROUNDTABLE

SPONSORED BY THE ASSOCIATION FOR CORPORATE GROWH (ACG)

“BUILDING YOUR HOUSE ON A ROCK”

 

 

A STRONG TABLE HAS FOUR “LEGS” TO MAKE IT ROCK SOLID:

        CORPORATE GOVERNANCE

        BUSINESS OPERATIONS

        PROCESS MANAGEMENT

        STRATEGIC/BUSINESS DEVELOPMENT

 

CORPORATE GOVERNANCE

        BOARD OF DIRECTORS/BOARD OF ADVISORS

o       Determining Executive Compensation, Setting Goals, Navigating the External Environment, Succession Planning, Providing a Reality Check for the CEO

o       Practical Experience in the focus area of the Firm, record of success, big picture approach vs operational details, strategic perspective, ability to challenge other directors

 

BUSINESS OPERATIONS

        FINANCE vs ACCOUNTING: Forward Looking CFO, not historical

        HUMAN RESOURCES: Sr Professional

        CONTRACTS: Sr Professional

 

PROCESS MANAGEMENT

        CEO/PRESIDENT STYLE VS PROGRAM/PROCESS STYLE

        IS SR MANAGEMENT GROWING WITH FIRM? Can you delegate?

        EFFECTIVENESS VS EFFICIENCY

o       DOING “RIGHT THINGS” VS “DOING THINGS RIGHT”

o       STRATEGIC PLAN and constant monitoring of Plan

 

STRATEGIC/BUSINESS DEVELOPMENT

        SENIOR EXPERIENCED DIRECTOR: Formal Organization

        EXPLORATORY TEAMS – What’s out there?

        CAPTURE PLANS – How do I win what’s out there?