Business diagnosis and restructuring of management and governance

If they are doing their jobs correctly, what is the most essential core function of a Chairman & CEO?

 

Organizational structure when transitioning from a startup to a professional company managed by a Board of Directors and multiple owners.

  • Train corporate culture to maintain power and influence (soft power) in the company.

  • Finalize the detailed annual budget allocation business plan in Q4.

  • Hunt or create talent: Recruit, create opportunities for talents to integrate, train talents, and develop middle managers.

  • Strategize, network, build relationships, create/acquire policies, and use financial anchors to discuss with generals to implement projects.

  • Leadership: Create an environment for talented people to thrive, measure their talent, and use it as a basis for their promotion.

These days, most of them have not done it the right way: Founders are often involved in all 3 work layers.

In fact, founders’ key responsibilities include all three layers of necessary works of a company:

  1. Strategize: Establish the company’s direction and make decisions, because no ones else can do it.

  2. Execute Strategy: Implement the plan, ensuring it’s carried out effectively, from product pricing to inventory management, sales, and expansion.

  3. Manage: Lead and manage to ensure strategic implementation.

Therefore, the more the companies develop, the busier they are  

Empowering middle managers to handle tasks in (2) and (3) will allow founders to focus on their core responsibilities, enabling the company’s faster growth.

 

Equitix’s comprehensive enterprise evaluation for a company in the presentation of business diagnosis report.

The transition from a startup to a professional company is a challenging and demanding phase for leaders.

Evolving from a CEO – a professional manager to a true leader.

Being a CEO is still working for oneself. True leadership is the real challenge.

Equitix identifies promising enterprises and assists them in transitioning and restructuring based on two fundamental pillars: financial stability and effective corporate governance.

 

 

Figure 1: table of proposed operational error findings, impact/risk level (high, low, medium), and recommendations.

Figure 2: Post-survey proposal table for identifying errors 

Figure 3: Prioritize tasks based on financial and operational goals of the company.

Figure 4: Record the survey and share it with the BOD for playback if necessary.

Figure 5: Based on survey templates and company survey sources.

Figure 6: Employees are aware of the challenges of digital transformation and the use of automation software to streamline operations and reduce manual work as the company scales up.

Figure 7: What are the benefits of digital transformation software, and why don’t all employees understand the role of automation software in business operations?

Figure 8: Full awareness from the Founder, leadership team, management team, and employees will contribute to the success and smoothness of the digital transformation project.

Over 90% of software restructuring projects fail because the founder and team lack a shared vision, determination, effort, or clear understanding of the majority of business restructuring risks.

Currently, Equitix offers intensive founder-focused courses on management, governance, and in-depth business understanding from a financial perspective, as follows:

a) Course 01: Finance & Accounting for non-finance founders: learn to speak the same language as your finance and accounting team for business operations and asset management, and understand the language of shareholders and professional financial investors.

  • 4-6 sessions
  • Tuition fee: VND7.5mn /person
  • Early bird registration: VND6.9mn/person
  • Group registration: VND6.5mn/person

b) Course 05: Business Operations, Organization & Management According to Financial Plan (Revenue, Expenses, Profit)

  • 4 – 5 sessions Tuition fee: VND6.5mn/person
  • Early bird registration: VND5.9mn/person
  • Group registration: VND5.5mn/person

c) Course 02: In-depth BSC Course – KPIs, From Strategy to Implementation in the Process of Receiving Capital from Investors 12 sessions

  • Tuition fee: 35,000,000 VND/person
  • Early bird registration fee: 32,500,000 VND/person
  • Group registration fee:
    • Group of 2: 32,000,000 VND/person
    • Group of 3-4: 31,000,000 VND/person
    • Group of 5 or more: 29,000,000 VND/person

d) Special Discount Course: 39,000,000 vnd (Original Price: 49,000,000 vnd). Students will have access to all of Equitix’s online and offline courses for 1 year.

e) 1:1 Finance Mentorship Program

  • Evening sessions (6-10 sessions)
  • Tuition fee will be quoted based on individual needs (after a 1:1 interview) and will vary depending on the business model, existing accounting data, the specific challenges faced by the founders, and the need for privacy and data security.

f) F1 Mentoring Program – Asset Management

  • Tuition fee will be quoted based on individual needs (after a 1:1 interview) and will vary depending on the business model and your level of commitment.

Instructor Information: Lucas Phung.

Feedback from Founders/CEOs.

 

 

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