Fact is, the rank and file won’t take you seriously unless they’re certain their bosses are solidly behind you—and there are penalties for not working with you. Professionalism, speed, kindness and efficacy! Before you compose your business plan, flesh out exactly how your performance will be measured. It is budget. I needed a contract developed on a tight time frame and Jackie, Andrew and Rachel were just fabulous --making sure the deadline was met, answering all of my questions, and even following up with me right before the deadline (after they had submitted the final product to me) to make sure I had everything I needed. Take a Listening Tour: Go a step further. Then, he drops the bomb: He wants you to lead this new division. 4. Andrew and his team are an invaluable asset to business in New Orleans. You may be flattered when asked to take on more roles, but don’t drift too far from your core competencies and mission. All rights reserved. Now, he’s coming to you. Flesh Out Your Budget: Want to know how to measure a company’s commitment to a division? I highly encourage everyone to reach out if you're in need of their services. When your back is turned, they’ll whisper, “We tried this years ago—and failed.” Others will resent and exclude you, even work against you. Probe to determine their expectations, areas of mutual concern, and overall buy-in. To tie a division to the parent company, the statement "a division of" is often used. It’s validation that you finally made it. You don’t want to be perceived as a threat to their jobs. Get out there and listen to the rank and file. Andrew is your go to guy when you're starting your business, have questions about fixing your business, or you're in a pickle at your business. 8. Many small businesses are established as limited liability companies, or LLCs, to take advantage of the reduced personal asset liability for owners. You’ll still have to work with them. All rights reserved. And if they don’t have the numbers to stop you, they’ll lie low, ignoring and delaying, hoping the old guard tires or is eventually replaced. They take a proactive approach to help you ensure you avoid any potential pitfalls. Review your plan regularly and be prepared to adapt as conditions change. So how does your new division avoid becoming an afterthought? We highly recommend Spera Law Group and will continue to do so. Sit down with other executives. Clearly differentiate yourself, and how your mandate frees them up. Spera Law is professional, punctual, and provides a high quality service for an amazing value. A new business division is essentially a part of the company the operates separately from the primary business, but it is legally under the parent business umbrella. They did a great job quickly learning my business. Andrew at Spera has been my attorney since 2012 and has helped me competently with a wide range of personal and professional matters. When you get there, you discover it isn’t his usual drilling and grilling. A division’s success is directly linked to results, and the only way to determine results is by creating a system of measurement. Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. Will they build partnering with your division into their evaluation criteria (and compensation plans)? For some, the enemy isn’t the competition: It’s you. Can a Logo Be Modified Once It Has Been Copyrighted? Summarize what they’ll gain by working with you. If you already know the desired outcome, establishing a system of measurement is a lot easier, as you understand the expectations of the division from the start. You’re viewed as running a shiny new toy. It is a bit more complicated if you add new owners or change the financial structure with the new division.