Although the ideal time to decide the structure of your organization is before you establish it, there may be reasons to consider restructuring your business once its established (and by restructuring your business and organizational structure, I’m referring to the arrangement of roles and responsibilities; for example, hierarchical, flat, etc.). Even a company operating for decades can benefit from taking a closer look at how it is structured and determine the best structure for meeting the organization’s present and future needs.
On its surface, choosing a structure may appear to be a simple exercise. For a one-owner/one-business operation, that is typically the case; however, more complex businesses have a variety of issues to consider when structuring the organization. When deciding how to structure your business, be sure to make the following key considerations: