Many business operators take development of their business structures lightly because they consider it boring or irrelevant. But a proper business structure plan is as essential as a marketing plan, financial plan, or any other strategic plan.

Businesses at all levels, whether start-up, growth, or mature, must examine their legal and organizational structures and decide what is proper, achievable, and specific to them.

They must also be able to look beyond immediacy to a future vision of the business. Decisions based on only the current view can sometimes leave the business in a tangle that is extremely difficult to sort out later.

Host Clip - Summary Module 5 Glossary