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Published byKiya Haisten Modified over 9 years ago
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Nebraska Cooperative Development Center Director Training – Phase 1 provided by The Nebraska Cooperative Council
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Today’s Facilitators n Dr. Mike Turner, Retired Ag Economist, University of Nebraska-Lincoln n Ed Woeppel, Nebraska Cooperative Council n Rocky Weber, Managing Partner, Crosby Guenzel LLP law firm, Lincoln n Matt Williams, President, Gothenburg State Bank
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Today’s Agenda n Leadership Roles Within a Developing Company n Roles and Responsibilities of Directors n Legal Foundations--Co-op vs LLC vs partnerships n How To Start A Business
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Leadership Roles in a Developing Company n Stages of Development--#1 Selling the Concept n The Challenge – Championing of the Idea (Visionary)
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Selling the Concept n Actions – Convincing others who share a common interest or need n Value added: n Commodity--Product n High Volume/Low Margin n Lower Volume/High Margin
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Selling the Concept n Leadership Style – Charismatic – Convincing – A Sure Winner – No Question of Success – An Answer for Every Question – Paints with a Broad Brush
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Leadership Roles n Stage #2--Making the Idea a Reality n The Challenge – Organizing/Directing
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Making the Idea a Reality n Actions – Creating a Business – Bankers n Business Plan n Equity Financing n Fund Drive n Debt Financing
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Making the Idea a Reality n Creating a Business – Attorneys: n Business Type n Articles of Incorporation n By-Laws n Distribution of Earnings n Business Control
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Making the Idea a Reality n Creating a Business – Auditor: n Accounting Procedures n Tax Obligations n Ownership Records n Distribution of Earnings
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Making the Idea a Reality n Leadership Style – Working with a Steering Committee – Seeking Advice from Experts: n Bankers n Attorneys n Auditors n Consultants
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Making the Idea a Reality n Leadership Style – Attention to Details – Patience – Compromise – Open to Learning
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Leadership Roles n Stage #3-- On Going Operations n The Challenge – Delegator/Monitoring Progress
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On Going Operations n Actions – Separation of Responsibilities – Manager’s Job Description – Sharing the Plan – Hiring a Manager – Delegation of Responsibilities
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On Going Operations n Leadership Style – Setting Directions – Monitoring Progress – Delegating Operational Responsibilities – Evaluating Progress – Taking Corrective Action – Being Part of a Board of Directors
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