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R.L.Narayanan – 360 Degree Group [email_address]
<ul><li>Founder / Director for 360 Degree Interactive & 360 Degree Consulting </li></ul><ul><li>Avid Market Watcher, Finan...
<ul><li>Why you need to structure? </li></ul><ul><li>Story of a “Pottikadai” </li></ul><ul><ul><li>Ownership </li></ul></u...
<ul><li>Legal Structuring </li></ul><ul><ul><li>Its about the place you live & operate abiding to the law of the land.  </...
<ul><li>One man army – Sole Proprietorship </li></ul><ul><ul><li>Individual driven </li></ul></ul><ul><ul><li>Individual O...
<ul><li>Partnership – 2+ More </li></ul><ul><ul><li>Partners driven </li></ul></ul><ul><ul><li>Partner Ownership & Liabili...
<ul><li>Private Limited – 2+ More </li></ul><ul><ul><li>Legal Entity </li></ul></ul><ul><ul><li>Promoters absolved from in...
<ul><li>LLP – Limited Liability Partnership (near future) </li></ul><ul><ul><li>Best of Both the worlds (Partnership & Pvt...
<ul><li>Essentials for a legal entity in India </li></ul><ul><ul><li>Memorandum & Articles of Association </li></ul></ul><...
<ul><li>The Birth of an Idea </li></ul><ul><li>Friends / Relatives in the game </li></ul><ul><ul><li>Black Stories about F...
<ul><li>Single Head Vs. Multiple Head </li></ul><ul><li>Size of the founding team – Preferably 2-4 [Ex. Microsoft, Apple ]...
<ul><li>What qualities you need in a Co-founder ? </li></ul><ul><ul><li>Believing in the business idea </li></ul></ul><ul>...
<ul><li>What qualities you need in a Co-founder ? </li></ul><ul><ul><li>Believing in the business idea </li></ul></ul><ul>...
<ul><li>Building a team is essential in any entrepreneurial activity </li></ul><ul><li>Every company is started with promo...
<ul><li>Great businesses are built with sound advice & strong Board with absolute Corporate Governance (Ex. Enron, Tyco, W...
<ul><li>Without a destination, the journey is not complete </li></ul><ul><li>Be clear with what you wanted to achieve even...
<ul><li>Without a destination, the journey is not complete </li></ul><ul><li>Be clear with what you wanted to achieve even...
<ul><li>Be humble to your customers </li></ul><ul><li>Be genuine to your vendors </li></ul><ul><li>Be gentle with your emp...
<ul><li>Disclaimer: I am not a chartered accountant or corporate lawyer. Do clarify any details with specialized professio...
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Organisational Structuring

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Transcript of "Organisational Structuring"

  1. 1. R.L.Narayanan – 360 Degree Group [email_address]
  2. 2. <ul><li>Founder / Director for 360 Degree Interactive & 360 Degree Consulting </li></ul><ul><li>Avid Market Watcher, Financial Strategist & Capital advisor </li></ul><ul><li>Part of The Knowledge Foundation with events like Proto.in, Barcamps & Elements 5 </li></ul><ul><li>Blogger, Tweeter, Columnist </li></ul><ul><li>Graduation in Economics, Finance & Advertising </li></ul><ul><li>14 years of experience in sales & marketing, financial control and top level management </li></ul>R.L.Narayanan | narain@gmail.com
  3. 3. <ul><li>Why you need to structure? </li></ul><ul><li>Story of a “Pottikadai” </li></ul><ul><ul><li>Ownership </li></ul></ul><ul><ul><li>Management </li></ul></ul><ul><ul><li>Risk Management </li></ul></ul><ul><ul><li>Scaling of Operation </li></ul></ul><ul><ul><li>Strategic Thinking </li></ul></ul>R.L.Narayanan | narain@gmail.com
  4. 4. <ul><li>Legal Structuring </li></ul><ul><ul><li>Its about the place you live & operate abiding to the law of the land. </li></ul></ul><ul><li>Team Structuring </li></ul><ul><ul><li>Building a team from scratch. Moving from an one man idea to a diversified team </li></ul></ul>R.L.Narayanan | narain@gmail.com
  5. 5. <ul><li>One man army – Sole Proprietorship </li></ul><ul><ul><li>Individual driven </li></ul></ul><ul><ul><li>Individual Ownership & Liability </li></ul></ul><ul><ul><li>Personal attachment for Liabilities </li></ul></ul><ul><ul><li>No greater legal validity </li></ul></ul><ul><ul><li>No external investment opportunity </li></ul></ul><ul><ul><li>Very narrowed Scaling Possibility </li></ul></ul>R.L.Narayanan | narain@gmail.com
  6. 6. <ul><li>Partnership – 2+ More </li></ul><ul><ul><li>Partners driven </li></ul></ul><ul><ul><li>Partner Ownership & Liability </li></ul></ul><ul><ul><li>Personal attachment for Liabilities for defaults </li></ul></ul><ul><ul><li>No greater legal validity </li></ul></ul><ul><ul><li>Limited, in-formal investment opportunity </li></ul></ul>R.L.Narayanan | narain@gmail.com
  7. 7. <ul><li>Private Limited – 2+ More </li></ul><ul><ul><li>Legal Entity </li></ul></ul><ul><ul><li>Promoters absolved from individual liability </li></ul></ul><ul><ul><li>Stipulated Laws of operation </li></ul></ul><ul><ul><li>Greater audit control & Governess </li></ul></ul><ul><ul><li>Easy for External Investments to flow in </li></ul></ul><ul><ul><li>Greater unlisted Opportunity </li></ul></ul><ul><ul><li>Liked very much by professional investors – Angels, VCs, PEs </li></ul></ul>R.L.Narayanan | narain@gmail.com
  8. 8. <ul><li>LLP – Limited Liability Partnership (near future) </li></ul><ul><ul><li>Best of Both the worlds (Partnership & Pvt. Ltd) </li></ul></ul><ul><ul><li>Legal validity with clear laws </li></ul></ul><ul><ul><li>Flexible ownership for micro / small operations </li></ul></ul><ul><ul><li>Greater unlisted Opportunity </li></ul></ul><ul><ul><li>Less cost of Operation on compliance </li></ul></ul><ul><ul><li>Very much in line for professionals (Chartered Accountants, Doctors, Lawyers, Architects ) </li></ul></ul>R.L.Narayanan | narain@gmail.com
  9. 9. <ul><li>Essentials for a legal entity in India </li></ul><ul><ul><li>Memorandum & Articles of Association </li></ul></ul><ul><ul><li>Incorporation Certificate </li></ul></ul><ul><ul><li>Director Identification Number (DIN) </li></ul></ul><ul><ul><li>Permanent Account Number (PAN) </li></ul></ul><ul><ul><li>Tax Deduction Account Number (TAN) </li></ul></ul><ul><ul><li>Service Tax Registration </li></ul></ul><ul><ul><li>Professional Tax Registration </li></ul></ul><ul><ul><li>An external Auditor to audit your accounts </li></ul></ul><ul><ul><li>Current Account in a Bank </li></ul></ul>R.L.Narayanan | narain@gmail.com
  10. 10. <ul><li>The Birth of an Idea </li></ul><ul><li>Friends / Relatives in the game </li></ul><ul><ul><li>Black Stories about Friends </li></ul></ul><ul><ul><li>Horrible Stories on Relatives (Reliance, Bajaj) </li></ul></ul><ul><li>Personal Relationship Vs. Professional Relationship – the divider line </li></ul><ul><li>Own Money Vs. Friends / Family’s money </li></ul><ul><li>Need for structuring the finances </li></ul>R.L.Narayanan | narain@gmail.com
  11. 11. <ul><li>Single Head Vs. Multiple Head </li></ul><ul><li>Size of the founding team – Preferably 2-4 [Ex. Microsoft, Apple ] </li></ul><ul><li>Its not mandatory. Infosys had around 8+ co-founders </li></ul><ul><li>Why you Need for a Co-founder </li></ul><ul><ul><li>Complimentary skills </li></ul></ul><ul><ul><li>Different PoV of the business idea </li></ul></ul><ul><ul><li>Division of Work </li></ul></ul><ul><ul><li>Contacts & Networks </li></ul></ul>R.L.Narayanan | narain@gmail.com
  12. 12. <ul><li>What qualities you need in a Co-founder ? </li></ul><ul><ul><li>Believing in the business idea </li></ul></ul><ul><ul><li>Honesty & Transparency </li></ul></ul><ul><ul><li>Willing to go the extra mile for the firm </li></ul></ul><ul><ul><li>Flexibility in face of changing circumstances </li></ul></ul><ul><li>Is a friend / relative can be a co-founder? </li></ul><ul><ul><li>It depends </li></ul></ul><ul><ul><li>Build the dividing line clearly </li></ul></ul><ul><ul><li>Don’t mix personal & professional relationship </li></ul></ul>R.L.Narayanan | narain@gmail.com
  13. 13. <ul><li>What qualities you need in a Co-founder ? </li></ul><ul><ul><li>Believing in the business idea </li></ul></ul><ul><ul><li>Honesty & Transparency </li></ul></ul><ul><ul><li>Willing to go the extra mile for the firm </li></ul></ul><ul><ul><li>Flexibility in face of changing circumstances </li></ul></ul><ul><li>Is a friend / relative can be a co-founder? </li></ul><ul><ul><li>It depends (TVS Group, Murugappa Group, DLF, Google) </li></ul></ul><ul><ul><li>Build the dividing line clearly </li></ul></ul><ul><ul><li>Don’t mix personal & professional relationship </li></ul></ul>R.L.Narayanan | narain@gmail.com
  14. 14. <ul><li>Building a team is essential in any entrepreneurial activity </li></ul><ul><li>Every company is started with promoters and few first employees </li></ul><ul><li>Scaling up slowly but effectively </li></ul><ul><li>5 Core Areas of a successful company – </li></ul><ul><ul><li>Strategy / Top level management </li></ul></ul><ul><ul><li>Operations </li></ul></ul><ul><ul><li>Sales & Marketing </li></ul></ul><ul><ul><li>Finance </li></ul></ul><ul><ul><li>HR & Administration </li></ul></ul>R.L.Narayanan | narain@gmail.com
  15. 15. <ul><li>Great businesses are built with sound advice & strong Board with absolute Corporate Governance (Ex. Enron, Tyco, Worldcom, Satyam) </li></ul><ul><li>Considering a Mentor first </li></ul><ul><li>Putting together a Board </li></ul><ul><li>A Board is not an old boy’s club. It provides strategic direction & put forth goals for the management team to achieve </li></ul>R.L.Narayanan | narain@gmail.com
  16. 16. <ul><li>Without a destination, the journey is not complete </li></ul><ul><li>Be clear with what you wanted to achieve eventually </li></ul><ul><li>Are you for “Build to Last or Built to Flip”? </li></ul><ul><ul><li>Flipping is build a business and sell </li></ul></ul><ul><ul><li>Lasting is to build a business for generations </li></ul></ul><ul><li>Both the models are right with its pros & cons </li></ul><ul><li>Without a clear exit option, Investors won’t be interested in your business </li></ul>R.L.Narayanan | narain@gmail.com
  17. 17. <ul><li>Without a destination, the journey is not complete </li></ul><ul><li>Be clear with what you wanted to achieve eventually </li></ul><ul><li>Are you for “Build to Last or Built to Flip”? </li></ul><ul><ul><li>Flipping is build a business and sell </li></ul></ul><ul><ul><li>Lasting is to build a business for generations </li></ul></ul><ul><li>Both the models are right with its pros & cons </li></ul><ul><li>Without a clear exit option, Investors won’t be interested in your business </li></ul>R.L.Narayanan | narain@gmail.com
  18. 18. <ul><li>Be humble to your customers </li></ul><ul><li>Be genuine to your vendors </li></ul><ul><li>Be gentle with your employees </li></ul><ul><li>Be straight with your investors </li></ul><ul><li>Be clear with your team </li></ul><ul><li>Be specific with your Board </li></ul><ul><li>Be clean before the Law </li></ul>R.L.Narayanan | narain@gmail.com
  19. 19. <ul><li>Disclaimer: I am not a chartered accountant or corporate lawyer. Do clarify any details with specialized professionals before taking your decision. </li></ul><ul><li>R.L.Narayanan | [email_address] / [email_address] | +91-98401 08007 </li></ul><ul><li>Its’ your turn to Drill me down! </li></ul>R.L.Narayanan | narain@gmail.com
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