Reviewing business structure need not take long and does not
have to be expensive. Often all it takes is a few
straightforward changes to be put in place. These changes
could make an operating structure more efficient, and possibly
release cash flow. Small changes can also help to future
proof a business, which in these difficult times is a very
important consideration. There is no one size fits all and it
is never possible to guarantee future success, but a good structure
combined with maximizing turnover and profit as much as possible
can really help a business move forward in a stronger, more
positive way.
Structure always sounds complicated but is, in fact, very
simple. It describes the way a business is put
together. Who are the owners (partners or
shareholders)? Who runs the business on a day to day basis
(partners or directors)? Where does the profit go and are the
operators maximizing tax to make sure they are getting as much as
possible out of the