Tip:
Highlight text to annotate it
X
Hello, I'm Mark Shearer with B2B CFO. Everyone in a company knows about the
official organizational chart, you know who does what and so forth.
But did you know that businesses also have an unofficial organizational chart?
It's true and identifying what it is can help your company avoid the financial
risk associated with growth.
Here's what I mean,
every company's unofficial organizational chart is comprised of
just three types of employees;
Finders,
Minders,
and Grinders.
Finders are entrepreneurial
and are future thinkers who generate new business and build new and leveraged
relationships
that multiply the volumes and the revenues of the business.
Minders are the managers in a business,
they typically live within the past and rely on historical information to improve future
performance.
They make sure the work gets done efficiently.
Grinders are the employees to do the actual work,
they're the ones who build and ship the products or deliver the service.
When a company experiences growth,
typically Finders stopped finding new work
and start spending most of the time doing Minding
Grinding activities.
Since the entrepreneurial business owner is usually the number one Finder in the
company
this dilution of the critical Finder's role
can lead to a downward cycle
where growth declines, expenses increase, and cash runs out.
To avoid this danger zone
know your company's unofficial organization chart,
know who's in it
and follow the B2B CFO golden rule
"Let the Finders Find, Minders Mind and the Grinders Grind."
I hope this helps you understand the dynamics that affect the growth and
prosperity of your company.
If you'd like to talk further, give me a call.
Thanks and have a great day