Creating success, and avoiding failure, for small and medium-sized businesses has provenover a sustained periodto be the direct result of the decisions and actions made by their leaders about the internal structures of these businesses. By focusing on building a strong core, business founders, owners, and executives have the power to ensure success, rather than falling prey to failure.
The Structure of Success provides a simple frameworkconsisting of approaches, methodologies, and tools for assessing, determining, planning, and implementing decisionsfor building the internal structural components of a business, and, specifically, focusing on the eight most important categories that have been shown to impact success and failure for small and medium-sized businesses:
Governance models and governance team composition
Management team models, composition, engagement, and compensation
Adjustments and pivots
Growth and infrastructure development
Business disputes and breakups
Acquisitions, mergers, exits, and other business transactions
Disaster preparedness and management
Succession planning
When leaders of small and medium-sized businesses address these categories and revisit these topics regularly, they will produce the core structural components that will help them to meet their business goals, manage the risks and threats that arise, and position themselvesand their businessesfor success.