Ryan Weir is experienced in handling a thriving business. He co-founded Walker Weir Property Management in Auckland with his friend Hamish Walker in 2012, and four years later became the sole owner of the company. Over the last four years, he has worked hard to build the business and has managed to steer the company to become one of the leading property management services in Auckland, New Zealand.
As a business owner, Ryan Weir knows the importance of having a governance team to provide strategic insight and guidance on the direction the company is taking. Implementing a governance board or team could be a daunting task for some business owners. However, it is important to get a professional perspective to steer your business in the right direction. Here are three important things you need to look at when it comes to building a governance team.
Ryan Weir is a business owner with a solid background in finance.
Source: http://www.hrpulse.co.za/editors-pick/233716-five-tips-for-implementing-governance-in-small-business
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| Ryan Weir |
- The role of the governance board has to be formalized by the management team and reviewed on a regular basis. These activities should include financial forecasts, MD reports, business objectives, etc. Adopting a formalized approach will help identify areas of weaknesses, strengths, and areas that need to be focused on that will help the company grow.
- The governance board or team should fill a function in a managed business that is lacking. The team should understand that they are there to assist and guide the management team. It is perfectly normal for the management team to feel insecure, but if the governance team contributes and collaborates in a positive way, it will help the business succeed.
- The average time it would take to implement the governance team and see it function properly would be twelve months. The governance team will need to create new boundaries and challenge the business to move into new areas where it can grow.
Ryan Weir is a business owner with a solid background in finance.
Source: http://www.hrpulse.co.za/editors-pick/233716-five-tips-for-implementing-governance-in-small-business
